Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.22.1
Acquisitions (Tables)
 6 Months Ended
Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Summary of Fair Values of Assets Acquired and Liabilities Assumed
The fair values of the assets acquired and liabilities assumed at the date of acquisition are presented on a preliminary basis and are as follows1:
Assets acquired
Cash $ 71,489 
Accounts receivable 64,877 
Other current assets 10,470 
Property and equipment 1,561 
Right-of-use asset 13,191 
Publisher relationships 106,305 
Developed technology 86,900 
Trade names 32,574 
Customer relationships 31,400 
Favorable lease 1,483 
Goodwill 300,705 
Other non-current assets 851 
Total assets acquired $ 721,806 
Liabilities assumed
Accounts payable $ 78,090 
Accrued license fees and revenue share 5,929 
Accrued compensation 52,929 
Other current liabilities 12,049 
Short-term debt 25,789 
Deferred tax liability, net 25,920 
Other non-current liabilities 15,386 
Total liabilities assumed $ 216,092 
Total purchase price $ 505,714 
The fair values of the assets acquired and liabilities assumed at the date of acquisition are presented on a preliminary basis and are as follows:
Assets acquired
Cash $ 24,793 
Accounts receivable 57,285 
Other current assets 1,845 
Property and equipment 1,566 
Right-of-use asset 2,460 
Customer relationships 101,800 
Developed technology 51,100 
Trade names 36,000 
Publisher relationships 4,400 
Goodwill 200,875 
Other non-current assets 131 
Total assets acquired $ 482,255 
Liabilities assumed
Accounts payable $ 21,140 
Accrued license fees and revenue share 28,920 
Accrued compensation 8,453 
Other current liabilities 1,867 
Deferred tax liability, net 8,143 
Other non-current liabilities 1,770 
Total liabilities assumed $ 70,293 
Total purchase price $ 411,962 
Summary of Pro Forma Information The pro forma information includes adjustments to record the assets and liabilities associated with the Acquisitions at their respective fair values, which are preliminary at this time, based on available information, and to give effect to the financing for the Acquisitions.
Three months ended September 30,
Six months ended September 30,
2021 2020 2021 2020
Unaudited Unaudited Unaudited Unaudited
Restated Restated
(in thousands, except per share amounts)
Net revenue $ 188,568  $ 123,997  $ 369,040  $ 226,372 
Net loss attributable to controlling interest $ (5,852) $ (7,542) $ (24,269) $ (3,957)
Basic net loss attributable to controlling interest per common share $ (0.06) $ (0.08) $ (0.26) $ (0.04)
Diluted net loss attributable to controlling interest per common share $ (0.06) $ (0.08) $ (0.26) $ (0.04)