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Segment Information
 3 Months Ended
Jun. 30, 2025
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 the performance of the segments and makes resource allocation decisions based on segment net revenue and segment profit. The Company’s CODM regularly reviews the revenue share by segment and treats it as a significant segment expense.
Segment net revenue and revenue share are exclusive of certain activities and expenses that are not allocated to specific segments and are reported on a consolidated basis. In addition, operating expenses are evaluated on a consolidated basis and are not disaggregated or analyzed by segment within the Company’s internal reporting, as shown in the reconciling table below.
A summary of segment information follows:
Three months ended June 30, 2025
ODSAGPEliminationConsolidated
Net revenue$95,448 $36,292 $(814)$130,926 
Revenue share
52,694 6,258 (814)58,138 
Segment profit$42,754 $30,034 $— $72,788 
 Three months ended June 30, 2024
ODSAGPEliminationConsolidated
Net revenue$80,650 $38,392 $(1,053)$117,989 
Revenue share
49,143 7,719 (1,053)55,809 
Segment profit$31,507 $30,673 $— $62,180 
June 30, 2025June 30, 2024
Segment profit$72,788 $62,180 
Other direct costs of revenue10,804 7,790 
Product development10,147 10,714 
Sales and marketing13,589 16,247 
General and administrative42,909 43,517 
   Loss from operations
$(4,661)$(16,088)
The reporting package provided to the Company’s CODM does not include the measure of assets by segment, as that information is not reviewed by the CODM when assessing segment performance or allocating resources.
Geographic Area Information
Long-lived assets, excluding deferred tax assets, by region follow:
 June 30, 2025March 31, 2025
United States and Canada$42,265 $40,149 
Europe, Middle East, and Africa2,371 6,751 
Asia Pacific and China61 66 
Consolidated property and equipment, net$44,697 $46,966 
 June 30, 2025March 31, 2025
United States and Canada$1,836 $2,030 
Europe, Middle East, and Africa7,782 7,877 
Asia Pacific and China— 17 
Consolidated right-of-use assets
$9,618 $9,924 
 June 30, 2025March 31, 2025
United States and Canada$102,453 $108,580 
Europe, Middle East, and Africa139,933 145,253 
Asia Pacific and China3,958 3,864 
Consolidated intangible assets, net$246,344 $257,697 
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 June 30, 2025
ODSAGPConsolidated
United States and Canada$37,218 $16,313 $53,531 
Europe, Middle East, and Africa26,003 11,431 37,434 
Asia Pacific and China31,051 8,391 39,442 
Mexico, Central America, and South America1,176 157 1,333 
Elimination— — (814)
Consolidated net revenue$95,448 $36,292 $130,926 
 Three months ended June 30, 2024
ODSAGPConsolidated
United States and Canada$33,885 $25,082 $58,967 
Europe, Middle East, and Africa31,704 10,413 42,117 
Asia Pacific and China14,572 2,888 17,460 
Mexico, Central America, and South America489 9 498 
Elimination— — (1,053)
Consolidated net revenue$80,650 $38,392 $117,989