Billings

Revenue plus the change in deferred revenue over a period: roughly, what the company invoiced its customers. Subscription companies report it because, when customers pay upfront, it can show growth before revenue does.

Simple example

A company recognizes $100 of revenue in a quarter, and its deferred revenue rises from $50 to $70. Its billings are $100 + $20 = $120.

$100Revenue+$20Rise in deferredrevenue$120BillingsDeferred revenue went from $50 to $70
Made-up numbers, for illustration only.