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Segment Information
 9 Months Ended
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
ODSAGPEliminationsConsolidated
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
ODSAGPEliminationsConsolidated
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
ODSAGPEliminationsConsolidated
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
ODSAGPEliminationsConsolidated
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, 2023March 31, 2023
United States and Canada$30,128 $25,903 
Europe, Middle East, and Africa13,394 13,395 
Asia Pacific and China76 29 
Consolidated property and equipment, net$43,598 $39,327 
 December 31, 2023March 31, 2023
United States and Canada$139,588 $122,377 
Europe, Middle East, and Africa186,493 252,524 
Asia Pacific and China4,450 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
ODSAGPTotal
United States and Canada$37,927 $33,671 $71,598 
Europe, Middle East, and Africa42,947 11,290 54,237 
Asia Pacific and China12,823 4,201 17,024 
Mexico, Central America, and South America601 19 620 
Elimination— — (845)
Consolidated net revenue$94,298 $49,181 $142,634 
 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 
 Nine months ended December 31, 2023
ODSAGPTotal
United States and Canada$117,044 $96,844 $213,888 
Europe, Middle East, and Africa137,317 33,808 171,125 
Asia Pacific and China35,480 13,588 49,068 
Mexico, Central America, and South America1,767 83 1,850 
Elimination— — (3,672)
Consolidated net revenue$291,608 $144,323 $432,259 
 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