v3.26.1
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets
4. Goodwill and Intangible Assets
The change in the carrying value of the Company’s goodwill balance during the six months ended June 30, 2026 was as follows:
(In thousands)
Goodwill at January 1, 2026 (1)
$280,991 
   Foreign currency translation(7,165)
Goodwill at June 30, 2026 (1)
$273,826 
________________
(1)Goodwill is net of accumulated impairment charges of $352.1 million related to a recognized non‑cash goodwill impairment charge during the fourth quarter of 2025 as a result of a sustained decrease in the Company’s stock price and related decline in market capitalization. The Company did not identify any triggering events or record any goodwill impairment charges during the six months ended June 30, 2026.
The gross carrying amount and accumulated amortization of the Company’s intangible assets are as follows:
June 30, 2026
Weighted Average Amortization
Period
Gross Value
Accumulated Amortization
Net Carrying
Value
(In thousands)
Developed technology5.0 years$89,341 $(31,181)$58,160 
Customer relationships10.4 years259,113 (42,427)216,686 
Publisher relationships8.0 years63,258 (18,097)45,161 
Trade names11.0 years26,702 (4,719)21,983 
Other15.8 years922 (396)526 
Total intangible assets, net$439,336 $(96,820)$342,516 
December 31, 2025
Weighted Average Amortization
Period
Gross Value
Accumulated
Amortization
Net Carrying
Value
(In thousands)
Developed technology5.0 years$91,699 $(23,585)$68,114 
Customer relationships10.3 years264,455 (29,975)234,480 
Publisher relationships8.0 years64,632 (15,075)49,557 
Trade names11.0 years27,480 (3,588)23,892 
Other15.8 years905 (370)535 
Total intangible assets, net$449,171 $(72,593)$376,578 
During the first quarter of 2025, in connection with the post-Acquisition integration of the Legacy Teads business, the Company made a decision to discontinue its video product offering associated with its prior acquisition of video intelligence AG. Accordingly, the Company fully wrote off the associated intangible assets, as detailed below:
Six Months Ended June 30, 2025
Developed technology$5,950 
Customer relationships259 
Publisher relationships6,426 
Trade names2,373 
Content provider relationships100 
Impairment charge$15,108 
As of June 30, 2026, estimated amortization related to the Company’s identifiable intangible assets in future periods was as follows:
Amount
(In thousands)
Remainder of 2026$26,790 
202752,983 
202852,929 
202952,929 
203036,074 
Thereafter120,811 
Total$342,516