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Segment and geographic information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment and geographic information Segment and geographic information
The Company’s Chief Executive Officer is its CODM. The CODM reviews separate financial information presented for the Company’s two segments, Consumer and Enterprise, in order to allocate resources and evaluate the Company’s financial performance.
The Consumer segment targets individual learners seeking to obtain hands-on learning, gain valuable job skills to advance their professional careers, or learn a new personal skill. The Enterprise segment is focused on helping business and government customers upskill and reskill their employees and public servants. The CODM measures the performance of each segment primarily based on segment revenue and segment gross profit.
Segment gross profit, as presented below, is defined as segment revenue less segment cost of revenue. Segment cost of revenue includes content costs, hosting and platform costs, customer support services, and payment processing fees that are allocable to each segment. Segment gross profit excludes amortization of capitalized software, depreciation, stock-based compensation, and amortization of intangible assets allocated to cost of revenue as the CODM does not include the information in his measurement of the performance of the operating segments. Additionally, the Company does not allocate sales and marketing expenses, research and development expenses, and general and administrative expenses because the CODM does not include the information in his measurement of the performance of the operating segments. The Udemy platform supports the operations of each segment.
The CODM does not use asset information by segments to assess performance and make decisions regarding allocation of resources, and the Company does not track its long-lived assets by segment. The geographic identification of these assets is set forth below.
Financial information for each reportable segment was as follows (in thousands):
Three Months Ended March 31,
20222021
Revenue
Consumer$87,312 $87,873 
Enterprise64,911 36,677 
Total Revenue$152,223 $124,550 
Segment cost of revenue
Consumer39,797 42,450 
Enterprise22,163 12,958 
Total segment cost of revenue$61,960 $55,408 
Segment gross profit
Consumer47,515 45,423 
Enterprise42,748 23,719 
Total segment gross profit$90,263 $69,142 
Reconciliation of segment gross profit to gross profit
Amortization of capitalized software2,724 2,012 
Amortization of intangible assets725 — 
Depreciation189 203 
Stock-based compensation840 300 
Total reconciling items4,478 2,515 
Total gross profit$85,785 $66,627 
Geographic information
Revenue: The following table summarizes the revenue by region based on the billing address of the Company’s customers (in thousands):
Three Months Ended March 31,
20222021
North America$60,588 $48,010 
Europe, Middle East, Africa47,725 43,501 
Asia Pacific33,188 23,484 
Latin America10,722 9,555 
Total revenue$152,223 $124,550 
No single country other than the United States represented 10% or more of the Company’s total revenue during the three months ended March 31, 2022 and 2021.
Long-lived assets: The following table presents the Company’s long-lived assets, which consist of tangible property and equipment net of depreciation, by geographic region (in thousands):
March 31,December 31,
20222021
North America$6,185 $6,922 
Rest of world2,641 2,832 
Total long-lived assets$8,826 $9,754