Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2024

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	9,449		—		9,449
September 30, 2024	$	1,506,558	$	345,741	$	1,852,299

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


	Weighted- Average Remaining Useful Life (Years)	As of September 30, 2024						As of December 31, 2023
		Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value


Apps	3.4	$	1,831,339	$	(1,355,000)	$	476,339	$	1,818,907	$	(1,152,611)	$	666,296
Customer relationships	7.5	521,126		(150,870)		370,256		519,175		(111,374)		407,801
User base	1.5	68,817		(54,188)		14,629		68,817		(46,874)		21,943
License asset	1.3	60,707		(41,580)		19,127		59,207		(31,003)		28,204
Developed technology	2.9	208,798		(114,969)		93,829		207,900		(88,716)		119,184
Other	2.8	79,051		(29,588)		49,463		71,196		(21,989)		49,207
Total intangible assets		$	2,769,838	$	(1,746,195)	$	1,023,643	$	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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Cost of revenue	$	73,679	$	93,398	$	245,493	$	288,180
Sales and marketing	16,851		16,829		50,472		50,397
Total	$	90,530	$	110,227	$	295,965	$	338,577