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Segments
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segments Segments
In the second quarter of 2022, the Company revised the presentation of segment information to align with changes to how the Company's chief operating decision maker (“CODM”), which as of June 30, 2022 was the Chief Executive Officer, allocates resources and assesses performance. Effective May 2022, the Company reports operating results through two reportable segments: Software Platform and Apps. Previously, the Company had a single operating and reportable segment. Accordingly, financial information for the comparable prior year period has been updated to conform with the current year presentation of two segments.
The CODM evaluates the performance of each segment using revenue and segment adjusted EBITDA and the components of net income excluded from adjusted EBITDA are not separately evaluated. We define segment adjusted EBITDA as revenue less expenses, excluding depreciation and amortization. Segment adjusted EBITDA is used as a consistent performance measure by removing the impact of certain items that do not directly reflect segments’ core operations. The reconciliation of the aggregate amount of segment adjusted EBITDA for the Company's reportable segments to consolidated income (loss) before income taxes is presented in the table further below.
Revenue is attributed to the reportable segments based upon the customer. Expenses are attributed to the reportable segments either on a direct basis or are allocated. Allocated costs are generally sales and marketing-related activities and general and administrative overhead such as human resources, finance, legal, accounting and merger and acquisition activity. Revenue and expenses exclude transactions between our reportable segments.
Our CODM does not use assets by segment to evaluate performance or allocate resources. Therefore, disclosure of assets by segment is not provided.
The Software Platform and Apps segments provide a view into the organization of our business and generate revenue as follows:
•Software Platform: primarily consists of revenue generated from fees paid by advertisers for the placement of ads on mobile applications owned by Publishers.
•Apps: revenue is generated when a user of one of our Apps makes an in-app purchase ("Consumer Revenue") and when clients purchase the digital advertising inventory of our portfolio of Apps ("Business Revenue").
The following is selected financial data for our reportable segments for the periods indicated (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Revenue:
Software Platform$317,540 $145,664 $436,380 $234,083 
Apps458,691 523,142 965,272 1,038,600 
Total Revenue$776,231 $668,806 $1,401,652 $1,272,683 
Segment Adjusted EBITDA:
Software Platform$196,744 $91,850 $432,299 $151,240 
Apps73,000 91,882 113,674 163,554 
Total Segment Adjusted EBITDA$269,744 $183,732 $545,973 $314,794 
Interest expense and loss on settlement of debt, net$(36,505)$(19,030)$(68,514)$(54,040)
Other income (expense), net2,452 (1,671)4,869 6,955 
Amortization, depreciation and write-offs(152,688)(107,156)(281,677)(195,973)
Non-operating foreign exchange gain (loss)819 (6)1,277 1,275 
Stock-based compensation(57,156)(29,435)(101,796)(59,394)
Acquisition-related expense and transaction bonus(1,921)(12,056)(16,735)(12,994)
Publisher bonuses— — (209,635)— 
MoPub acquisition transition services— — (6,999)— 
Restructuring costs(7,377)— (7,377)— 
Income (loss) before provision for tax$17,368 $14,378 $(140,614)$623