v3.24.3
Revenue
9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue
3. Revenue
The following table represents our revenue disaggregated by source:
Three months ended September 30,Nine months ended September 30,
2024202320242023
(in thousands)
Advertising revenue $315,104 $202,372 $790,911 $541,934 
Other revenue 33,247 5,136 81,587 12,345 
Total revenue $348,351 $207,508 $872,498 $554,279 
The following table represents our revenue disaggregated by geography based on the billing address of the customer:
Three months ended September 30,Nine months ended September 30,
2024202320242023
(in thousands)
United States $287,937 $168,970 $715,809 $446,983 
Rest of world(1)
60,414 38,538 156,689 107,296 
Total revenue $348,351 $207,508 $872,498 $554,279 
______________
(1)Other than the United States, no individual country represented 10% or more of total revenue during the three and nine months ended September 30, 2024 and 2023.
Deferred revenue was $13.0 million and $7.4 million as of September 30, 2024 and December 31, 2023, respectively. For the nine months ended September 30, 2024 and 2023, revenue recognized from the deferred revenue balance at the beginning of each period was $7.1 million and $7.4 million, respectively.
As of September 30, 2024, the aggregate amount of remaining performance obligations in contracts with an original expected duration exceeding one year is $294.8 million. This amount consists primarily of long-term data licensing contracts and excludes deferred revenue related to short-term advertising contracts and Reddit Premium subscriptions. We expect to recognize $30.5 million in the remainder of 2024, $121.1 million in 2025, $116.0 million in 2026, and the remaining thereafter.