| Intangible Assets |
Intangible assets, net consisted of the following (in thousands):
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June 30, 2026 |
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June 30, 2025 |
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Gross |
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Net |
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Gross |
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Net |
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Carrying |
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Accumulated |
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Carrying |
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Carrying |
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Accumulated |
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Carrying |
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Amount |
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Amortization |
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Amount |
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Amount |
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Amortization |
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|
Amount |
|
Customer/publisher/advertiser relationships |
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$ |
129,012 |
|
|
$ |
(85,202 |
) |
|
$ |
43,810 |
|
|
$ |
93,511 |
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|
$ |
(76,353 |
) |
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$ |
17,158 |
|
Content |
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|
43,107 |
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|
(43,107 |
) |
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— |
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|
43,106 |
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(43,106 |
) |
|
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— |
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Website/trade/domain names |
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|
35,722 |
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(21,766 |
) |
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|
13,956 |
|
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|
25,422 |
|
|
|
(20,601 |
) |
|
|
4,821 |
|
Acquired technology and others |
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46,716 |
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(38,189 |
) |
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|
8,527 |
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|
43,014 |
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|
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(36,518 |
) |
|
|
6,496 |
|
|
|
$ |
254,557 |
|
|
$ |
(188,264 |
) |
|
$ |
66,293 |
|
|
$ |
205,053 |
|
|
$ |
(176,578 |
) |
|
$ |
28,475 |
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| Amortization Expense |
Future amortization expense for the Company’s intangible assets as of June 30, 2026 was as follows (in thousands):
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Fiscal Year Ended June 30, |
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Amortization |
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2027 |
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|
$ |
11,226 |
|
2028 |
|
|
|
|
10,844 |
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2029 |
|
|
|
|
10,324 |
|
2030 |
|
|
|
|
7,333 |
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2031 |
|
|
|
|
6,877 |
|
Thereafter |
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|
|
|
19,689 |
|
Total |
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|
|
$ |
66,293 |
|
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| Changes in Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the fiscal year 2026 were as follows (in thousands):
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Goodwill |
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Balance as of June 30, 2025 |
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|
|
$ |
125,056 |
|
Goodwill acquired |
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|
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|
136,742 |
|
Measurement period adjustments |
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|
(377 |
) |
Balance as of June 30, 2026 |
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|
$ |
261,421 |
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