Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.22.2
Segment Information
 3 Months Ended
Jun. 30, 2022
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.
As of March 31, 2022, the Company operated through three operating segments, each of which was a reportable segment. The three segments were On Device Media ("ODM"), In-App Media - AdColony ("IAM-A"), and In-App Media-Fyber ("IAM-F"). Effective April 1, 2022, the Company made certain changes to its organizational and management structure that resulted in the following: (1) the renaming of the On Device Media segment to On Device Solutions and (2) the integration of IAM-A and IAM-F into a single segment. The integration of IAM-A and IAM-F was completed to drive operating efficiencies and revenue synergies. As a result of the integration of IAM-A and IAM-F, the Company reassessed its operating and reportable segments in accordance with ASC 280, Segment Reporting. Effective April 1, 2022, 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") - The Company re-named the ODM segment On Device Solutions to better reflect the nature of the segment's product offerings. This segment generates revenue from the delivery of mobile application media or content to end users. This segment provides focused solutions to all participants in the mobile application ecosystem that want to connect with end users and consumers who hold the device, including 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") - This segment consists of the previously reported IAM-A and IAM-F segments. AGP customers are primarily advertisers and publishers and the segment provides platforms that allows 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 through the metric of net revenue 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 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.
summary of segment information follows:
Three months ended June 30, 2022
ODS AGP Elimination Consolidated
Net revenue $ 118,637  $ 72,366  $ (2,370) $ 188,633 
License fees and revenue share 68,450  21,287  (2,370) 87,367 
Segment profit $ 50,187  $ 51,079  $ —  $ 101,266 
  Three months ended June 30, 2021
ODS AGP Elimination Consolidated
Net revenue $ 120,383  $ 39,474  $ (1,782) $ 158,075 
License fees and revenue share 70,031  15,559  (1,782) 83,808 
Segment profit $ 50,352  $ 23,915  $ —  $ 74,267 
Geographic Area Information
Long-lived assets, excluding deferred tax assets and intangible assets, by region follow:
  June 30, 2022 March 31, 2022
United States and Canada $ 27,270  $ 25,946 
Europe, Middle East, and Africa 6,514  5,086 
Asia Pacific and China 44  54 
Mexico, Central America, and South America —  — 
Consolidated property and equipment, net $ 33,828  $ 31,086 
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, 2022
ODS AGP Consolidated
United States and Canada $ 62,963  $ 46,238  $ 109,201 
Europe, Middle East, and Africa 40,544  19,415  59,959 
Asia Pacific and China 13,874  6,124  19,998 
Mexico, Central America, and South America 1,256  589  1,845 
Elimination —  —  (2,370)
Consolidated net revenue $ 118,637  $ 72,366  $ 188,633 
  Three months ended June 30, 2021
ODS AGP Consolidated
United States and Canada $ 71,131  $ 20,610  $ 91,741 
Europe, Middle East, and Africa 30,060  13,639  43,699 
Asia Pacific and China 16,790  4,708  21,498 
Mexico, Central America, and South America 2,402  517  2,919 
Elimination —  —  (1,782)
Consolidated net revenue $ 120,383  $ 39,474  $ 158,075