Schedule of Goodwill Activity |
The following table presents the changes in the carrying amount of goodwill by reporting unit (in thousands): | | | | | | | | | | | | | | | | | | | Advertising | | Apps | | Total | Balances as of December 31, 2024 | $ | 1,457,685 | | | $ | 345,741 | | | $ | 1,803,426 | | | | | | | | Goodwill impairment | — | | | (188,943) | | | (188,943) | | Foreign currency translation | 25,313 | | | — | | | 25,313 | | Balances as of March 31, 2025 | $ | 1,482,998 | | | $ | 156,798 | | | $ | 1,639,796 | |
|
Schedule of Intangible Assets Acquired, Net |
Intangible assets, net consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted- Average Remaining Useful Life (in years) | | As of March 31, 2025 | | As of December 31, 2024 | | Gross Carrying Value | | Accumulated Amortization | | Net Book Value | | Gross Carrying Value | | Accumulated Amortization | | Net Book Value | | | | | | | | | | | | Apps | 3.3 | | $ | 1,848,037 | | | $ | (1,462,940) | | | $ | 385,097 | | | $ | 1,828,036 | | | $ | (1,419,559) | | | $ | 408,477 | | Customer relationships | 7.0 | | 516,319 | | | (175,328) | | | 340,991 | | | 511,125 | | | (160,810) | | | 350,315 | | User base | 1.0 | | 68,817 | | | (59,064) | | | 9,753 | | | 68,817 | | | (56,626) | | | 12,191 | | License asset | 2.8 | | 60,707 | | | (59,332) | | | 1,375 | | | 60,707 | | | (59,207) | | | 1,500 | | Developed technology | 2.4 | | 206,604 | | | (130,760) | | | 75,844 | | | 204,286 | | | (120,808) | | | 83,478 | | Other | 2.0 | | 69,673 | | | (27,687) | | | 41,986 | | | 66,020 | | | (25,304) | | | 40,716 | | Total intangible assets | | | $ | 2,770,157 | | | $ | (1,915,111) | | | $ | 855,046 | | | $ | 2,738,991 | | | $ | (1,842,314) | | | $ | 896,677 | |
|
Schedule of Finite-Lived Intangible Assets, Amortization Expenses |
The Company recorded amortization expenses related to acquired intangible assets as follows (in thousands): | | | | | | | | | | | | | Three Months Ended March 31, | | 2025 | | 2024 | Cost of revenue | $ | 53,488 | | | $ | 88,142 | | Sales and marketing | 17,255 | | | 16,819 | | Total | $ | 70,743 | | | $ | 104,961 | |
|