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Segment Information | 6 Months Ended
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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
|  | ODS |  | AGP |  | Eliminations |  | Consolidated
Net revenue |  | $ | 108,466 |  |  | $ | 68,256 |  |  | $ | (1,863) |  |  | $ | 174,859 |
License fees and revenue share |  | 59,786 |  |  | 18,958 |  |  | (1,863) |  |  | 76,881 |
Segment profit |  | $ | 48,680 |  |  | $ | 49,298 |  |  | $ | — |  |  | $ | 97,978 |
|  | Three months ended September 30, 2021
|  | ODS |  | AGP |  | Eliminations |  | Consolidated
Net revenue |  | $ | 129,449 |  |  | $ | 64,177 |  |  | $ | (5,058) |  |  | $ | 188,568 |
License fees and revenue share |  | 75,587 |  |  | 20,979 |  |  | (5,058) |  |  | 91,508 |
Segment profit |  | $ | 53,862 |  |  | $ | 43,198 |  |  | $ | — |  |  | $ | 97,060 |
|  | Six months ended September 30, 2022
|  | ODS |  | AGP |  | Eliminations |  | Consolidated
Net revenue |  | $ | 227,103 |  |  | $ | 140,622 |  |  | $ | (4,233) |  |  | $ | 363,492 |
License fees and revenue share |  | 128,236 |  |  | 40,245 |  |  | (4,233) |  |  | 164,248 |
Segment profit |  | $ | 98,867 |  |  | $ | 100,377 |  |  | $ | — |  |  | $ | 199,244 |
|  | Six months ended September 30, 2021
|  | ODS |  | AGP |  | Eliminations |  | Consolidated
Net revenue |  | $ | 249,832 |  |  | $ | 103,651 |  |  | $ | (6,840) |  |  | $ | 346,643 |
License fees and revenue share |  | 145,618 |  |  | 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, 2022 |  | March 31, 2022 |  |
United States and Canada |  | $ | 26,049 |  |  | $ | 25,946 |  |  |
Europe, Middle East, and Africa |  | 10,809 |  |  | 5,086 |  |  |
Asia Pacific and China |  | 33 |  |  | 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
|  | ODS |  | AGP |  | Total
United States and Canada |  | $ | 50,978 |  |  | $ | 39,808 |  |  | $ | 90,786 |
Europe, Middle East, and Africa |  | 42,598 |  |  | 22,254 |  |  | 64,852 |
Asia Pacific and China |  | 13,140 |  |  | 6,149 |  |  | 19,289 |
Mexico, Central America, and South America |  | 1,750 |  |  | 45 |  |  | 1,795 |
Elimination |  | — |  |  | — |  |  | (1,863) |
Consolidated net revenue |  | $ | 108,466 |  |  | $ | 68,256 |  |  | $ | 174,859 |
|  | Three months ended September 30, 2021
|  | ODS |  | AGP |  | Total
United States and Canada |  | $ | 75,100 |  |  | $ | 30,262 |  |  | $ | 105,362 |
Europe, Middle East, and Africa |  | 30,591 |  |  | 26,321 |  |  | 56,912 |
Asia Pacific and China |  | 17,969 |  |  | 6,835 |  |  | 24,804 |
Mexico, Central America, and South America |  | 5,789 |  |  | 759 |  |  | 6,548 |
Elimination |  | — |  |  | — |  |  | (5,058) |
Consolidated net revenue |  | $ | 129,449 |  |  | $ | 64,177 |  |  | $ | 188,568 |
|  | Six months ended September 30, 2022
|  | ODS |  | AGP |  | Total
United States and Canada |  | $ | 113,941 |  |  | $ | 86,046 |  |  | $ | 199,987 |
Europe, Middle East, and Africa |  | 83,142 |  |  | 41,669 |  |  | 124,811 |
Asia Pacific and China |  | 27,014 |  |  | 12,273 |  |  | 39,287 |
Mexico, Central America, and South America |  | 3,006 |  |  | 634 |  |  | 3,640 |
Elimination |  | — |  |  | — |  |  | (4,233) |
Consolidated net revenue |  | $ | 227,103 |  |  | $ | 140,622 |  |  | $ | 363,492 |
|  | Six months ended September 30, 2021
|  | ODS |  | AGP |  | Total
United States and Canada |  | $ | 146,231 |  |  | $ | 50,872 |  |  | $ | 197,103 |
Europe, Middle East, and Africa |  | 60,651 |  |  | 39,960 |  |  | 100,611 |
Asia Pacific and China |  | 34,759 |  |  | 11,543 |  |  | 46,302 |
Mexico, Central America, and South America |  | 8,191 |  |  | 1,276 |  |  | 9,467 |
Elimination |  | — |  |  | — |  |  | (6,840) |
Consolidated net revenue |  | $ | 249,832 |  |  | $ | 103,651 |  |  | $ | 346,643 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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