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Segment Information | 9 Months Ended
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Dec. 31, 2023
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 December 31, 2023
|  | ODS |  | AGP |  | Eliminations |  | Consolidated
Net revenue |  | $ | 94,298 |  |  | $ | 49,181 |  |  | $ | (845) |  |  | $ | 142,634 |
Revenue share |  | 60,276 |  |  | 10,933 |  |  | (845) |  |  | 70,364 |
Segment profit |  | $ | 34,022 |  |  | $ | 38,248 |  |  | $ | — |  |  | $ | 72,270 |
|  | Three months ended December 31, 2022
|  | ODS |  | AGP |  | Eliminations |  | Consolidated
Net revenue |  | $ | 96,316 |  |  | $ | 67,407 |  |  | $ | (1,413) |  |  | $ | 162,310 |
Revenue share |  | 57,555 |  |  | 17,228 |  |  | (1,413) |  |  | 73,370 |
Segment profit |  | $ | 38,761 |  |  | $ | 50,179 |  |  | $ | — |  |  | $ | 88,940 |
|  | Nine months ended December 31, 2023
|  | ODS |  | AGP |  | Eliminations |  | Consolidated
Net revenue |  | $ | 291,608 |  |  | $ | 144,323 |  |  | $ | (3,672) |  |  | $ | 432,259 |
Revenue share |  | 179,554 |  |  | 32,793 |  |  | (3,672) |  |  | 208,675 |
Segment profit |  | $ | 112,054 |  |  | $ | 111,530 |  |  | $ | — |  |  | $ | 223,584 |
|  | Nine months ended December 31, 2022
|  | ODS |  | AGP |  | Eliminations |  | Consolidated
Net revenue |  | $ | 323,419 |  |  | $ | 208,029 |  |  | $ | (5,646) |  |  | $ | 525,802 |
Revenue share |  | 185,791 |  |  | 57,473 |  |  | (5,646) |  |  | 237,618 |
Segment profit |  | $ | 137,628 |  |  | $ | 150,556 |  |  | $ | — |  |  | $ | 288,184 |
Geographic Area Information Long-lived assets, excluding deferred tax assets, by region follow:
|  | December 31, 2023 |  | March 31, 2023 |  |
United States and Canada |  | $ | 30,128 |  |  | $ | 25,903 |  |  |
Europe, Middle East, and Africa |  | 13,394 |  |  | 13,395 |  |  |
Asia Pacific and China |  | 76 |  |  | 29 |  |  |
Consolidated property and equipment, net |  | $ | 43,598 |  |  | $ | 39,327 |  |  |
|  | December 31, 2023 |  | March 31, 2023 |  |
United States and Canada |  | $ | 139,588 |  |  | $ | 122,377 |  |  |
Europe, Middle East, and Africa |  | 186,493 |  |  | 252,524 |  |  |
Asia Pacific and China |  | 4,450 |  |  | 4,731 |  |  |
Consolidated intangible assets, net |  | $ | 330,531 |  |  | $ | 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:
|  | Three months ended December 31, 2023
|  | ODS |  | AGP |  | Total
United States and Canada |  | $ | 37,927 |  |  | $ | 33,671 |  |  | $ | 71,598 |
Europe, Middle East, and Africa |  | 42,947 |  |  | 11,290 |  |  | 54,237 |
Asia Pacific and China |  | 12,823 |  |  | 4,201 |  |  | 17,024 |
Mexico, Central America, and South America |  | 601 |  |  | 19 |  |  | 620 |
Elimination |  | — |  |  | — |  |  | (845) |
Consolidated net revenue |  | $ | 94,298 |  |  | $ | 49,181 |  |  | $ | 142,634 |
|  | Three months ended December 31, 2022
|  | ODS |  | AGP |  | Total
United States and Canada |  | $ | 38,949 |  |  | $ | 29,911 |  |  | $ | 68,860 |
Europe, Middle East, and Africa |  | 42,321 |  |  | 26,449 |  |  | 68,770 |
Asia Pacific and China |  | 12,975 |  |  | 10,564 |  |  | 23,539 |
Mexico, Central America, and South America |  | 2,071 |  |  | 483 |  |  | 2,554 |
Elimination |  | — |  |  | — |  |  | (1,413) |
Consolidated net revenue |  | $ | 96,316 |  |  | $ | 67,407 |  |  | $ | 162,310 |
|  | Nine months ended December 31, 2023
|  | ODS |  | AGP |  | Total
United States and Canada |  | $ | 117,044 |  |  | $ | 96,844 |  |  | $ | 213,888 |
Europe, Middle East, and Africa |  | 137,317 |  |  | 33,808 |  |  | 171,125 |
Asia Pacific and China |  | 35,480 |  |  | 13,588 |  |  | 49,068 |
Mexico, Central America, and South America |  | 1,767 |  |  | 83 |  |  | 1,850 |
Elimination |  | — |  |  | — |  |  | (3,672) |
Consolidated net revenue |  | $ | 291,608 |  |  | $ | 144,323 |  |  | $ | 432,259 |
|  | Nine months ended December 31, 2022
|  | ODS |  | AGP |  | Total
United States and Canada |  | $ | 152,890 |  |  | $ | 115,957 |  |  | $ | 268,847 |
Europe, Middle East, and Africa |  | 125,463 |  |  | 68,118 |  |  | 193,581 |
Asia Pacific and China |  | 39,989 |  |  | 22,837 |  |  | 62,826 |
Mexico, Central America, and South America |  | 5,077 |  |  | 1,117 |  |  | 6,194 |
Elimination |  | — |  |  | — |  |  | (5,646) |
Consolidated net revenue |  | $ | 323,419 |  |  | $ | 208,029 |  |  | $ | 525,802 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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