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Segment Information
 9 Months Ended
Dec. 31, 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 December 31, 2022
ODSAGPEliminationsConsolidated
Net revenue$96,316 $67,407 $(1,413)$162,310 
License fees and revenue share57,555 17,228 (1,413)73,370 
Segment profit$38,761 $50,179 $— $88,940 
 Three months ended December 31, 2021
ODSAGPEliminationsConsolidated
Net revenue$133,594 $89,113 $(5,889)$216,818 
License fees and revenue share86,504 28,438 (5,889)109,053 
Segment profit$47,090 $60,675 $— $107,765 
Nine months ended December 31, 2022
ODSAGPEliminationsConsolidated
Net revenue$323,419 $208,029 $(5,646)$525,802 
License fees and revenue share185,791 57,473 (5,646)237,618 
Segment profit$137,628 $150,556 $— $288,184 
 Nine months ended December 31, 2021
ODSAGPEliminationsConsolidated
Net revenue$383,426 $192,764 $(12,729)$563,461 
License fees and revenue share232,122 64,976 (12,729)284,369 
Segment profit$151,304 $127,788 $— $279,092 
Geographic Area Information
Long-lived assets, excluding deferred tax assets and intangible assets, by region follow:
 December 31, 2022March 31, 2022
United States and Canada$27,029 $25,946 
Europe, Middle East, and Africa11,709 5,086 
Asia Pacific and China21 54 
Mexico, Central America, and South America— — 
Consolidated property and equipment, net$38,759 $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 December 31, 2022
ODSAGPTotal
United States and Canada$38,949 $29,911 $68,860 
Europe, Middle East, and Africa42,321 26,449 68,770 
Asia Pacific and China12,975 10,564 23,539 
Mexico, Central America, and South America2,071 483 2,554 
Elimination— — (1,413)
Consolidated net revenue$96,316 $67,407 $162,310 
 Three months ended December 31, 2021
ODSAGPTotal
United States and Canada$74,431 $45,238 $119,669 
Europe, Middle East, and Africa35,667 34,297 69,964 
Asia Pacific and China19,877 8,547 28,424 
Mexico, Central America, and South America3,619 1,031 4,650 
Elimination— — (5,889)
Consolidated net revenue$133,594 $89,113 $216,818 
 Nine months ended December 31, 2022
ODSAGPTotal
United States and Canada$152,890 $115,957 $268,847 
Europe, Middle East, and Africa125,463 68,118 193,581 
Asia Pacific and China39,989 22,837 62,826 
Mexico, Central America, and South America5,077 1,117 6,194 
Elimination— — (5,646)
Consolidated net revenue$323,419 $208,029 $525,802 
 Nine months ended December 31, 2021
ODSAGPTotal
United States and Canada$220,662 $96,110 $316,772 
Europe, Middle East, and Africa96,318 74,257 170,575 
Asia Pacific and China54,636 20,090 74,726 
Mexico, Central America, and South America11,810 2,307 14,117 
Elimination— — (12,729)
Consolidated net revenue$383,426 $192,764 $563,461