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Segment Information
 12 Months Ended
Mar. 31, 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:
Year ended March 31, 2024
ODSAGPEliminationConsolidated
Net revenue (1)
$370,112 $178,760 $(4,390)$544,482 
Revenue share (1)
228,296 38,320 (4,390)262,226 
Segment profit$141,816 $140,440 $— $282,256 
(1) Amounts are presented on an accrual basis.
 
Year ended March 31, 2023
ODSAGPEliminationConsolidated
Net revenue (1)
$420,328 $252,995 $(7,403)$665,920 
Revenue share (1)
247,356 69,294 (7,403)309,247 
Segment profit$172,972 $183,701 $— $356,673 
(1) Amounts are presented on an accrual basis.
 
Year ended March 31, 2022
ODSAGPEliminationConsolidated
Net revenue (1)
$502,636 $262,336 $(17,376)$747,596 
Revenue share (1)
304,673 83,351 (17,376)370,648 
Segment profit$197,963 $178,985 $— $376,948 
(1) Amounts are presented on an accrual basis.
Geographic Area Information
Long-lived assets, excluding deferred tax assets, by region follow:
 March 31, 2024March 31, 2023
United States and Canada$32,899 $25,903 
Europe, Middle East, and Africa12,809 13,395 
Asia Pacific and China74 29 
Consolidated property and equipment, net$45,782 $39,327 
 March 31, 2024March 31, 2023
United States and Canada$4,314 $3,530 
Europe, Middle East, and Africa4,598 6,543 
Asia Pacific and China215 — 
Consolidated right-of-use assets
$9,127 $10,073 
 March 31, 2024March 31, 2023
United States and Canada$133,381 $122,377 
Europe, Middle East, and Africa175,878 252,524 
Asia Pacific and China4,246 4,731 
Consolidated intangible assets, net$313,505 $379,632 
Net revenue by geography is based on the billing addresses of the Company’s customers and a reconciliation of disaggregated revenue by segment follows:
 
Year ended March 31, 2024
ODSAGPTotal
United States and Canada$148,482 $119,979 $268,461 
Europe, Middle East, and Africa171,967 41,374 213,341 
Asia Pacific and China47,562 17,319 64,881 
Mexico, Central America, and South America2,101 88 2,189 
Elimination— — (4,390)
Consolidated net revenue$370,112 $178,760 $544,482 
 
Year ended March 31, 2023
ODSAGPTotal
United States and Canada$188,023 $142,522 $330,545 
Europe, Middle East, and Africa170,585 80,464 251,049 
Asia Pacific and China55,140 28,776 83,916 
Mexico, Central America, and South America6,580 1,233 7,813 
Elimination— — (7,403)
Consolidated net revenue$420,328 $252,995 $665,920 
 
Year ended March 31, 2022
ODSAGPTotal
United States and Canada$285,062 $132,170 $417,232 
Europe, Middle East, and Africa132,040 99,413 231,453 
Asia Pacific and China72,245 27,882 100,127 
Mexico, Central America, and South America13,289 2,871 16,160 
Elimination— — (17,376)
Consolidated net revenue$502,636 $262,336 $747,596