Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.1
Segment Information
 6 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
Operating segments are identified as components of an enterprise about 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 ("CEO") is the CODM.
Prior to the acquisitions of both AdColony and Fyber disclosed above in Note 4, "Acquisitions," the Company had one operating and reportable segment called Media Distribution. As a result of the acquisitions, the Company reassessed its operating and reportable segments in accordance with ASC 280, Segment Reporting. Effective April 1, 2021, the Company reports its results of operations through the following three segments, each of which represents an operating and reportable segment, as follows:
•On Device Media ("ODM") - This segment is the legacy single operating and reporting segment of Digital Turbine prior to the AdColony and Fyber acquisitions. This segment generates revenues from services that deliver mobile application media or content media to end users. This segment's customers are mobile device carriers and OEMs that pay for the distribution of media. The other reporting segments are not dependent on these mobile device carrier and OEM relationships.
•In App Media – AdColony ("IAM-A") - This segment is inclusive of the acquired AdColony business and generates revenues from services provided as an end-to-end platform for brands, agencies, publishers, and application developers to deliver advertising to consumers on mobile devices around the world. IAM-A customers are primarily advertisers.
•In App Media – Fyber ("IAM-F") - This segment is inclusive of the acquired Fyber business and generates revenues from services provided to mobile application developers and digital publishers to monetize their content through advanced technologies, innovative advertisement formats, and data-driven decision making. IAM-F customers are primarily publishers.
The Company's CODM evaluates segment performance and makes resource allocation decisions primarily through the metric of net revenues less associated license fees and revenue share, as shown in the segment information summary table below. The Company's CODM does not allocate other direct costs of revenues, 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 September 30, 2021
Restated Restated Restated Restated
ODM IAM-A IAM-F Eliminations Consolidated
Net revenues $ 129,449  $ 40,641  $ 23,536  $ (5,058) $ 188,568 
License fees and revenue share 75,587  20,979  —  (5,058) 91,508 
Segment profit $ 53,862  $ 19,662  $ 23,536  $ —  $ 97,060 
  Three months ended September 30, 2020
ODM IAM-A IAM-F Eliminations Consolidated
Net revenues $ 70,893  $ —  $ —  $ —  $ 70,893 
License fees and revenue share 40,532  —  —  —  40,532 
Segment profit $ 30,361  $ —  $ —  $ —  $ 30,361 
Six months ended September 30, 2021
Restated Restated Restated Restated
ODM IAM-A IAM-F Eliminations Consolidated
Net revenues $ 249,832  $ 70,943  $ 32,708  $ (6,840) $ 346,643 
License fees and revenue share 145,618  36,538  —  (6,840) 175,316 
Segment profit $ 104,214  $ 34,405  $ 32,708  $ —  $ 171,327 
  Six months ended September 30, 2020
ODM IAM-A IAM-F Eliminations Consolidated
Net revenues $ 129,905  $ —  $ —  $ —  $ 129,905 
License fees and revenue share 72,832  —  —  —  72,832 
Segment profit $ 57,073  $ —  $ —  $ —  $ 57,073 
Geographic Area Information
Long-lived assets, excluding deferred tax assets and intangible assets, by region follows:
  September 30, 2021 March 31, 2021
United States and Canada $ 18,345  $ 12,995 
Europe, Middle East, and Africa 3,679  40 
Asia Pacific and China 92  15 
Mexico, Central America, and South America —  — 
Consolidated property and equipment, net $ 22,116  $ 13,050 
Net revenues by geography are based on the billing addresses of the Company's customers and a reconciliation of disaggregated revenues by segment follows:
  Three months ended September 30, 2021
Restated Restated Restated
ODM IAM-A IAM-F Total
United States and Canada $ 75,100  $ 17,990  $ 12,272  $ 105,362 
Europe, Middle East, and Africa 30,591  19,170  7,151  56,912 
Asia Pacific and China 17,969  2,829  4,006  24,804 
Mexico, Central America, and South America 5,789  652  107  6,548 
Elimination —  —  —  (5,058)
Consolidated net revenues $ 129,449  $ 40,641  $ 23,536  $ 188,568 
  Three months ended September 30, 2020
ODM IAM-A IAM-F Total
United States and Canada $ 47,118  $ —  $ —  $ 47,118 
Europe, Middle East, and Africa 17,528  —  —  17,528 
Asia Pacific and China 5,901  —  —  5,901 
Mexico, Central America, and South America 346  —  —  346 
Consolidated net revenues $ 70,893  $ —  $ —  $ 70,893 
  Six months ended September 30, 2021
Restated Restated Restated
ODM IAM-A IAM-F Total
United States and Canada $ 146,231  $ 33,060  $ 17,812  $ 197,103 
Europe, Middle East, and Africa 60,651  31,476  8,484  100,611 
Asia Pacific and China 34,759  5,238  6,305  46,302 
Mexico, Central America, and South America 8,191  1,169  107  9,467 
Elimination —  —  —  (6,840)
Consolidated net revenues $ 249,832  $ 70,943  $ 32,708  $ 346,643 
  Six months ended September 30, 2020
ODM IAM-A IAM-F Total
United States and Canada $ 85,358  $ —  $ —  $ 85,358 
Europe, Middle East, and Africa 32,883  —  —  32,883 
Asia Pacific and China 11,112  —  —  11,112 
Mexico, Central America, and South America 552  —  —  552 
Consolidated net revenues $ 129,905  $ —  $ —  $ 129,905