Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2023

The following table presents the changes in the carrying amount of goodwill by reporting unit (in thousands):


	Software Platform		Apps		Total
December 31, 2022	$	1,478,014	$	345,741	$	1,823,755

Foreign currency translation	(10,188)		—		(10,188)
September 30, 2023	$	1,467,826	$	345,741	$	1,813,567

Intangible assets, net consisted of the following (in thousands):


	Weighted- Average Remaining Useful Life (Years)	As of September 30, 2023						As of December 31, 2022
		Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value


Long-lived intangible assets:
Apps	3.9	$	1,830,329	$	(1,083,524)	$	746,805	$	1,790,820	$	(836,375)	$	954,445
Customer relationships	8.5	513,182		(97,174)		416,008		515,084		(58,881)		456,203
User base	2.5	68,817		(44,436)		24,381		68,817		(37,122)		31,695
License asset	2.3	59,207		(27,478)		31,729		59,207		(16,901)		42,306
Developed technology	3.9	205,205		(79,038)		126,167		206,060		(53,879)		152,181
Other	4.5	60,100		(18,599)		41,501		53,933		(13,103)		40,830
Total long-lived intangible assets		2,736,840		(1,350,249)		1,386,591		2,693,921		(1,016,261)		1,677,660
Short-lived intangible assets:
Apps	0.3	47,640		(47,480)		160		45,791		(44,838)		953
Total intangible assets		$	2,784,480	$	(1,397,729)	$	1,386,751	$	2,739,712	$	(1,061,099)	$	1,678,613

As of September 30, 2023 and December 31, 2022, short-lived mobile Apps were included in prepaid expenses and other current assets.

The Company recorded amortization expenses related to acquired intangible assets as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Cost of revenue	$	93,398	$	111,259	$	288,180	$	342,115
Sales and marketing	16,829		16,619		50,397		49,543
Total	$	110,227	$	127,878	$	338,577	$	391,658