v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue
3. Revenue
The following table represents our revenue disaggregated by source:
Three months ended March 31,
20262025
(in thousands)
Advertising revenue $624,670 $358,630 
Other revenue 38,741 33,731 
Total revenue $663,411 $392,361 
The following table represents our revenue disaggregated by geography based on the billing address of the customer:
Three months ended March 31,
20262025
(in thousands)
United States $525,561 $313,852 
Rest of world(1)
137,850 78,509 
Total revenue $663,411 $392,361 
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(1)Other than the United States, no individual country represented 10% or more of total revenue during the three months ended March 31, 2026 and 2025.
Deferred revenue was $28.3 million and $18.1 million as of March 31, 2026 and December 31, 2025, respectively. For the three months ended March 31, 2026, revenue recognized from the deferred revenue balance at the beginning of the period was $15.1 million. For the three months ended March 31, 2025, revenue recognized from the deferred revenue balance at the beginning of the period was not material.
As of March 31, 2026, the aggregate amount of remaining performance obligations in contracts with an original expected duration exceeding one year was $120.6 million. This amount consists primarily of long-term content licensing contracts and excludes deferred revenue related to short-term advertising contracts and Reddit Premium subscriptions. We expect to recognize $91.6 million in the remainder of 2026 and $29.0 million in 2027.