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Segment Information
 6 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
Operating segments are identified as components of an enterprise for which separate discrete financial information is available for evaluation by the chief operating decision maker (“CODM”) in making decisions regarding resource allocation and assessing performance. The Company has determined that its Chief Executive Officer is the CODM.
As of March 31, 2022, the Company operated through three operating segments, each of which was a reportable segment. The three segments were On Device Media (“ODM”), In-App Media - AdColony (“IAM-A”), and In-App Media-Fyber (“IAM-F”). Effective April 1, 2022, the Company made certain changes to its organizational and management structure that resulted in the following: (1) the renaming of the On Device Media segment to On Device Solutions and (2) the integration of IAM-A and IAM-F into a single segment. The integration of IAM-A and IAM-F was completed to drive operating efficiencies and revenue synergies. As a result of the integration of IAM-A and IAM-F, the Company reassessed its operating and reportable segments in accordance with ASC 280, Segment Reporting. Effective April 1, 2022, the Company reports its results of operations through the following two segments, each of which represents an operating and reportable segment, as follows:
•On Device Solutions (“ODS”) - The Company re-named the ODM segment On Device Solutions to better reflect the nature of the segment's product offerings. This segment generates revenue from the delivery of mobile application media or content to end users. This segment provides focused solutions to all participants in the mobile application ecosystem that want to connect with end users and consumers who hold the device, including mobile carriers and device OEMs that participate in the app economy, app publishers and developers, and brands and advertising agencies. This segment's product offerings are enabled through relationships with mobile device carriers and OEMs.
•App Growth Platform (“AGP”) - This segment consists of the previously reported IAM-A and IAM-F segments. AGP customers are primarily advertisers and publishers and the segment provides platforms that allow mobile app publishers and developers to monetize their monthly active users via display, native, and video advertising. The AGP platforms allow demand side platforms, advertisers, agencies, and publishers to buy and sell digital ad impressions, primarily through programmatic, real-time bidding auctions and, in some cases, through direct-bought/sold advertiser budgets. The segment also provides brand and performance advertising products to advertisers and agencies.
The Company’s CODM evaluates segment performance and makes resource allocation decisions primarily based on segment net revenue and segment profit, as shown in the segment information summary table below. The Company’s CODM does not allocate other direct costs of revenue, operating expenses, interest and other income / (expense), net, or provision for income taxes to these segments for the purpose of evaluating segment performance. Additionally, the Company does not allocate assets to segments for internal reporting purposes as the CODM does not manage the Company’s segments by such metrics.A summary of segment information follows:
Three months ended September 30, 2022
ODSAGPEliminationsConsolidated
Net revenue$108,466 $68,256 $(1,863)$174,859 
License fees and revenue share59,786 18,958 (1,863)76,881 
Segment profit$48,680 $49,298 $— $97,978 
 Three months ended September 30, 2021
ODSAGPEliminationsConsolidated
Net revenue$129,449 $64,177 $(5,058)$188,568 
License fees and revenue share75,587 20,979 (5,058)91,508 
Segment profit$53,862 $43,198 $— $97,060 
Six months ended September 30, 2022
ODSAGPEliminationsConsolidated
Net revenue$227,103 $140,622 $(4,233)$363,492 
License fees and revenue share128,236 40,245 (4,233)164,248 
Segment profit$98,867 $100,377 $— $199,244 
 Six months ended September 30, 2021
ODSAGPEliminationsConsolidated
Net revenue$249,832 $103,651 $(6,840)$346,643 
License fees and revenue share145,618 36,538 (6,840)175,316 
Segment profit$104,214 $67,113 $— $171,327 
Geographic Area Information
Long-lived assets, excluding deferred tax assets and intangible assets, by region follow:
 September 30, 2022March 31, 2022
United States and Canada$26,049 $25,946 
Europe, Middle East, and Africa10,809 5,086 
Asia Pacific and China33 54 
Mexico, Central America, and South America— — 
Consolidated property and equipment, net$36,891 $31,086 
Net revenue by geography is based on the billing addresses of the Company’s customers and a reconciliation of disaggregated revenue by segment follows:
 Three months ended September 30, 2022
ODSAGPTotal
United States and Canada$50,978 $39,808 $90,786 
Europe, Middle East, and Africa42,598 22,254 64,852 
Asia Pacific and China13,140 6,149 19,289 
Mexico, Central America, and South America1,750 45 1,795 
Elimination— — (1,863)
Consolidated net revenue$108,466 $68,256 $174,859 
 Three months ended September 30, 2021
ODSAGPTotal
United States and Canada$75,100 $30,262 $105,362 
Europe, Middle East, and Africa30,591 26,321 56,912 
Asia Pacific and China17,969 6,835 24,804 
Mexico, Central America, and South America5,789 759 6,548 
Elimination— — (5,058)
Consolidated net revenue$129,449 $64,177 $188,568 
 Six months ended September 30, 2022
ODSAGPTotal
United States and Canada$113,941 $86,046 $199,987 
Europe, Middle East, and Africa83,142 41,669 124,811 
Asia Pacific and China27,014 12,273 39,287 
Mexico, Central America, and South America3,006 634 3,640 
Elimination— — (4,233)
Consolidated net revenue$227,103 $140,622 $363,492 
 Six months ended September 30, 2021
ODSAGPTotal
United States and Canada$146,231 $50,872 $197,103 
Europe, Middle East, and Africa60,651 39,960 100,611 
Asia Pacific and China34,759 11,543 46,302 
Mexico, Central America, and South America8,191 1,276 9,467 
Elimination— — (6,840)
Consolidated net revenue$249,832 $103,651 $346,643