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Segment and geographic information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment and geographic information
16. 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 June 30, Six Months Ended June 30,
2022202120222021
Revenue
Consumer$78,485 $83,964 $165,797 $171,837 
Enterprise74,627 42,129 139,538 78,806 
Total Revenue$153,112 $126,093 $305,335 $250,643 
Segment cost of revenue
Consumer36,211 38,913 76,008 81,363 
Enterprise24,682 14,455 46,845 27,413 
Total segment cost of revenue$60,893 $53,368 $122,853 $108,776 
Segment gross profit
Consumer42,274 45,051 89,789 90,474 
Enterprise49,945 27,674 92,693 51,393 
Total segment gross profit$92,219 $72,725 $182,482 $141,867 
Reconciliation of segment gross profit to gross profit
Amortization of capitalized software3,015 2,176 5,739 4,188 
Amortization of intangible assets726 — 1,450 — 
Depreciation189 212 379 415 
Stock-based compensation989 237 1,829 537 
Total reconciling items4,919 2,625 9,397 5,140 
Total gross profit$87,300 $70,100 $173,085 $136,727 
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 June 30, Six Months Ended June 30,
2022202120222021
North America$62,863 $49,206 $123,451 $97,216 
Europe, Middle East, Africa46,229 42,115 93,954 85,616 
Asia Pacific32,727 24,825 65,915 48,309 
Latin America11,293 9,947 22,015 19,502 
Total revenue$153,112 $126,093 $305,335 $250,643 
No single country other than the United States represented 10% or more of the Company’s total revenue during the three and six months ended June 30, 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):
June 30,December 31,
20222021
North America$5,725 $6,922 
Rest of world2,472 2,832 
Total long-lived assets$8,197 $9,754