Acquisitions (Tables)

3 Months Ended

Mar. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Summary of the Fair Value of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase consideration to the fair value of the assets acquired (in thousands):

	As of March 31, 2022
Intangible assets
Advertiser Relationships—estimated useful life of 9 years	$	212,700
Publisher Relationships—estimated useful life of 9 years	123,300
Developed Technology—estimated useful life of 5 years	61,800
Tradename—estimated useful life of 3 months	60
Goodwill	632,472
Total purchase consideration	$	1,030,332

Supplemental Pro Forma Information

The unaudited supplemental pro forma information below presents the combined historical results of operations of the Company and the MoPub business for each of the periods presented as if the MoPub business had been acquired as of January 1, 2021 (in thousands):

	Three Months Ended March 31,
	2022		2021
Revenue	$	625,421	$	640,800
Net loss	(99,932)		(23,831)

The unaudited supplemental pro forma information above includes the following adjustments to net loss in the appropriate pro forma periods (in thousands):

	Three Months Ended March 31,
	2022		2021
A decrease (increase) in amortization expense related to the fair value of acquired identifiable intangible assets, net of the amortization expense already reflected in actual historical results	$	60	$	(12,922)
A decrease (increase) in expenses related to the TSA	$	7,000	$	(7,000)
A decrease (increase) in expenses related to transaction costs	$	12,848	$	(12,848)
A decrease (increase) in income tax provision	$	(4,564)	$	7,500