Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

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

	Software Platform		Apps		Total
December 31, 2023	$	1,497,109	$	345,741	$	1,842,850
Foreign currency translation	(20,937)		—		(20,937)
June 30, 2024	$	1,476,172	$	345,741	$	1,821,913

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

	Weighted- Average Remaining Useful Life (Years)	As of June 30, 2024						As of December 31, 2023
		Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Apps	3.5	$	1,829,142	$	(1,295,431)	$	533,711	$	1,818,907	$	(1,152,611)	$	666,296
Customer relationships	7.8	515,004		(136,221)		378,783		519,175		(111,374)		407,801
User base	1.8	68,817		(51,750)		17,067		68,817		(46,874)		21,943
License asset	1.5	60,707		(38,054)		22,653		59,207		(31,003)		28,204
Developed technology	3.1	206,024		(104,876)		101,148		207,900		(88,716)		119,184
Other	3.2	75,278		(26,705)		48,573		71,196		(21,989)		49,207
Total intangible assets		$	2,754,972	$	(1,653,037)	$	1,101,935	$	2,745,202	$	(1,452,567)	$	1,292,635

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of revenue	$	83,672	$	96,138	$	171,814	$	194,782
Sales and marketing	16,802		16,780		33,621		33,568
Total	$	100,474	$	112,918	$	205,435	$	228,350