Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.24.1.u1
Revenue
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Revenue associated with our membership dues, enrollment fees, and certain services from our in-center businesses is recognized over time as earned. Revenue associated with products and services offered in our cafes and spas, as well as through e-commerce, is recognized at a point in time. The following is a summary of revenue, by major revenue stream, that we recognized during the three months ended March 31, 2024 and 2023:
Three Months Ended
March 31,
2024 2023
Membership dues and enrollment fees $ 425,411 $ 357,488
In-center revenue 155,074 140,264
Total center revenue 580,485 497,752
Other revenue 16,232 13,099
Total revenue $ 596,717 $ 510,851
The timing associated with the revenue we recognized during the three months ended March 31, 2024 and 2023 is as follows:
Three Months Ended March 31, 2024 Three Months Ended March 31, 2023
Center
Revenue		 Other
Revenue		 Total
Revenue		 Center
Revenue		 Other
Revenue		 Total
Revenue
Goods and services transferred over time $ 516,833 $ 16,232 $ 533,065 $ 439,017 $ 13,099 $ 452,116
Goods and services transferred at a point in time 63,652 — 63,652 58,735 — 58,735
Total revenue $ 580,485 $ 16,232 $ 596,717 $ 497,752 $ 13,099 $ 510,851
Contract liabilities represent payments or consideration received in advance for goods or services that the Company has not yet transferred to the customer. Contract liabilities consist primarily of deferred revenue for fees collected in advance for membership dues, enrollment fees, Dynamic Personal Training and other center services offerings, as well as our media and athletic events. Contract liabilities at March 31, 2024 and December 31, 2023 were $53.6 million and $49.9 million, respectively.
Contract liabilities that will be recognized within one year are classified as deferred revenue in our condensed consolidated balance sheets. Deferred revenue at March 31, 2024 and December 31, 2023 was $53.2 million and $49.3 million, respectively, and consists primarily of prepaid membership dues, enrollment fees, Dynamic Personal Training and other in-center services, as well as media and athletic events.
Contract liabilities that will be recognized in a future period greater than one year are classified as a component of Other liabilities in our condensed consolidated balance sheets. Long-term contract liabilities at March 31, 2024 and December 31, 2023 were $0.4 million and $0.6 million, respectively, and consist primarily of deferred enrollment fees.