GOODWILL AND INTANGIBLE ASSETS, NET

3 Months Ended

Jun. 30, 2024

Goodwill

The change in our goodwill balance is as follows:


	Total
Balance at March 31, 2024	$	4,426.4

Gearbox Acquisition	285.2
Currency translation adjustment	(4.8)
Balance at June 30, 2024	$	4,706.8

Intangibles

The following table sets forth the intangible assets that are subject to amortization:


	June 30, 2024						March 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted average useful life
Developed Game Technology	$	3,792.8	$	(1,444.2)	$	2,348.6	$	3,788.8	$	(1,301.4)	$	2,487.4	7 years
Branding and Trade Names	399.1		(77.3)		321.8		395.1		(68.5)		326.6		12 years
Game Engine Technology	321.8		(165.4)		156.4		322.5		(147.3)		175.2		4 years
User Base	319.2		(319.2)		—		319.2		(319.2)		—		0 years
Intellectual Property	146.4		(25.5)		120.9		27.5		(23.1)		4.4		5 years
Developer Relationships	57.0		(30.0)		27.0		57.0		(26.5)		30.5		5 years
Advertising Technology	43.0		(30.2)		12.8		43.0		(26.6)		16.4		3 years
Customer relationships	31.0		(13.1)		17.9		31.0		(11.5)		19.5		5 years
Analytics Technology	29.7		(29.7)		—		30.1		(30.1)		—		0 years
In Place Lease	2.0		(1.5)		0.5		2.0		(1.4)		0.6		4 years
Total intangible assets	$	5,142.0	$	(2,136.1)	$	3,005.9	$	5,016.2	$	(1,955.6)	$	3,060.6

Amortization of intangible assets is included in our Condensed Consolidated Statements of Operations as follows:


	Three Months Ended June 30,
	2024		2023
Cost of revenue	$	164.4	$	187.2
Selling and marketing	1.6		46.3
Research and development	7.2		7.1
Depreciation and amortization	8.9		8.9
Total amortization of intangible assets	$	182.1	$	249.5

Estimated future amortization of intangible assets that will be recorded in Cost of revenue and operating expenses are as follows: