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Revenues
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Revenue Recognition

Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. The majority of our revenues are recognized over time as services are performed, with certain revenues being recognized at a point in time.
The following tables present our total net revenues for the periods shown disaggregated for our Subscription Services and Skills and Other product lines (in thousands, except percentages):
 Three Months Ended
September 30,
Change
 20242023$%
Subscription Services$119,804 $139,912 $(20,108)(14)%
Skills and Other16,789 17,942 (1,153)(6)
Total net revenues$136,593 $157,854 $(21,261)(13)

 Nine Months Ended
September 30,
Change
 20242023$%
Subscription Services$420,668 $474,207 $(53,539)(11)%
Skills and Other53,422 54,101 (679)(1)
Total net revenues$474,090 $528,308 $(54,218)(10)

During the three and nine months ended September 30, 2024, we recognized revenues of $33.3 million and $52.3 million, respectively, that were included in our deferred revenue balance at the beginning of each respective reporting period. During the three and nine months ended September 30, 2023, we recognized revenues of $36.6 million and $53.0 million, respectively, that were included in our deferred revenue balance at the beginning of each respective reporting period. During the three and nine months ended September 30, 2024, we recognized revenues of $0.6 million and $2.0 million, respectively, from performance obligations satisfied in previous periods. During the three and nine months ended September 30, 2023, we recognized an immaterial amount of revenues from performance obligations satisfied in previous periods.

Contract Balances

The following table presents our accounts receivable, net, contract assets and deferred revenue balances (in thousands, except percentages):
 Change
 September 30,
2024
December 31, 2023$%
Accounts receivable, net$23,749 $31,404 $(7,655)(24)%
Contract assets7,048 8,598 (1,550)(18)
Deferred revenue44,355 55,336 (10,981)(20)

During the nine months ended September 30, 2024 our accounts receivable, net balance decreased by $7.7 million, or 24%, primarily due to lower bookings from Chegg Skills and seasonality of our business. During the nine months ended September 30, 2024, our contract assets balance decreased by $1.6 million, or 18%, primarily due to cash collections from our Chegg Skills service. During the nine months ended September 30, 2024, our deferred revenue balance decreased by $11.0 million, or 20%, primarily due to lower bookings from Chegg Skills and seasonality of our business.