What are the differences between deferred revenue, unearned revenue, and unbilled revenue?

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Deferred revenue is revenue received in advance but not yet earned, unearned revenue is revenue received in advance and earned but not yet recognized, and unbilled revenue is revenue recognized but not yet billed.

Deferred revenue is revenue received in advance but not yet earned, so it is recorded as a liability until it is earned.
Unearned revenue is revenue received in advance and earned but not yet recognized, so it is recorded as a liability until it is recognized as revenue.
Unbilled revenue is revenue that has been recognized but not yet billed to the customer, so it is recorded as an asset until it is invoiced.
Examples: Deferred revenue - prepaid subscriptions, Unearned revenue - gift cards sold but not yet redeemed, Unbilled revenue - services provided but not yet invoiced.

What are the differences between deferred revenue, unearned revenue, and unbilled revenue?

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