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Segment Information
 6 Months Ended
Sep. 30, 2024
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. 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”) - This segment generates revenue from the delivery of mobile application media or content to end users with solutions for all participants in the mobile application ecosystem that want to connect with end users and consumers who hold the device. This includes 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”) - 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, 2024
ODSAGPEliminationsConsolidated
Net revenue$82,414 $37,346 $(1,032)$118,728 
Revenue share
48,951 8,417 (1,032)56,336 
Segment profit$33,463 $28,929 $— $62,392 
 Three months ended September 30, 2023
ODSAGPEliminationsConsolidated
Net revenue$99,060 $46,183 $(1,984)$143,259 
Revenue share
60,980 9,723 (1,984)68,719 
Segment profit$38,080 $36,460 $— $74,540 
Six months ended September 30, 2024
ODSAGPEliminationsConsolidated
Net revenue$163,064 $75,738 $(2,085)$236,717 
Revenue share
98,094 16,136 (2,085)112,145 
Segment profit$64,970 $59,602 $— $124,572 
 Six months ended September 30, 2023
ODSAGPEliminationsConsolidated
Net revenue$197,310 $95,142 $(2,827)$289,625 
Revenue share
119,278 21,860 (2,827)138,311 
Segment profit$78,032 $73,282 $— $151,314 
Geographic Area Information
Long-lived assets, excluding deferred tax assets, by region follow:
 September 30, 2024March 31, 2024
United States and Canada$36,904 $32,899 
Europe, Middle East, and Africa11,145 12,809 
Asia Pacific and China110 74 
Consolidated property and equipment, net$48,159 $45,782 
 September 30, 2024March 31, 2024
United States and Canada$5,943 $4,314 
Europe, Middle East, and Africa5,155 4,598 
Asia Pacific and China124 215 
Consolidated right-of-use assets
$11,222 $9,127 
 September 30, 2024March 31, 2024
United States and Canada$120,968 $133,381 
Europe, Middle East, and Africa160,615 175,878 
Asia Pacific and China4,265 4,246 
Consolidated intangible assets, net$285,848 $313,505 
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, 2024
ODSAGPTotal
United States and Canada$33,664 $23,064 $56,728 
Europe, Middle East, and Africa28,846 10,135 38,981 
Asia Pacific and China18,688 4,141 22,829 
Mexico, Central America, and South America1,216 6 1,222 
Elimination— — (1,032)
Consolidated net revenue$82,414 $37,346 $118,728 
 Three months ended September 30, 2023
ODSAGPTotal
United States and Canada$40,176 $32,256 $72,432 
Europe, Middle East, and Africa48,348 8,966 57,314 
Asia Pacific and China10,114 4,940 15,054 
Mexico, Central America, and South America422 21 443 
Elimination— — (1,984)
Consolidated net revenue$99,060 $46,183 $143,259 
 Six months ended September 30, 2024
ODSAGPTotal
United States and Canada$67,549 $48,146 $115,695 
Europe, Middle East, and Africa60,550 20,548 81,098 
Asia Pacific and China33,260 7,029 40,289 
Mexico, Central America, and South America1,705 15 1,720 
Elimination— — (2,085)
Consolidated net revenue$163,064 $75,738 $236,717 
 Six months ended September 30, 2023
ODSAGPTotal
United States and Canada$79,117 $63,173 $142,290 
Europe, Middle East, and Africa94,370 22,518 116,888 
Asia Pacific and China22,657 9,387 32,044 
Mexico, Central America, and South America1,166 64 1,230 
Elimination— — (2,827)
Consolidated net revenue$197,310 $95,142 $289,625