Intangible Assets and Goodwill (Tables)
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9 Months Ended |
Sep. 30, 2022 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of intangible assets, finite-lived |
The Company has the following intangible assets, net as of September 30, 2022:
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 5.6 years | | $ | 422,900 | | | $ | (126,938) | | | $ | 295,962 | | | Internally developed software | 2.6 years | | 158,746 | | | (69,114) | | | 89,632 | | | Gaming licenses | 10.9 years | | 195,361 | | | (24,584) | | | 170,777 | | | Trademarks, tradenames and other | 3.9 years | | 34,367 | | | (11,490) | | | 22,877 | | | Customer relationships | 4.8 years | | 269,728 | | | (62,455) | | | 207,273 | | | | | 1,081,102 | | | (294,581) | | | 786,521 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,126 | | | — | | | 2,126 | | | Intangible assets, net | | | $ | 1,083,228 | | | $ | (294,581) | | | $ | 788,647 | |
The Company had the following intangible assets, net as of December 31, 2021:
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 6.4 years | | $ | 422,900 | | | $ | (87,089) | | | $ | 335,811 | | | Internally developed software | 2.6 years | | 117,953 | | | (52,607) | | | 65,346 | | | Gaming licenses | 7.3 years | | 54,442 | | | (13,466) | | | 40,976 | | | Trademarks and tradenames | 4.5 years | | 30,639 | | | (5,952) | | | 24,687 | | | Customer relationships | 3.3 years | | 99,728 | | | (33,526) | | | 66,202 | | | | | 725,662 | | | (192,640) | | | 533,022 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets | Indefinite-lived | | 1,995 | | | — | | | 1,995 | | | Intangible assets, net | | | $ | 727,657 | | | $ | (192,640) | | | $ | 535,017 | |
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| Schedule of intangible assets, indefinite-lived |
The Company has the following intangible assets, net as of September 30, 2022:
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 5.6 years | | $ | 422,900 | | | $ | (126,938) | | | $ | 295,962 | | | Internally developed software | 2.6 years | | 158,746 | | | (69,114) | | | 89,632 | | | Gaming licenses | 10.9 years | | 195,361 | | | (24,584) | | | 170,777 | | | Trademarks, tradenames and other | 3.9 years | | 34,367 | | | (11,490) | | | 22,877 | | | Customer relationships | 4.8 years | | 269,728 | | | (62,455) | | | 207,273 | | | | | 1,081,102 | | | (294,581) | | | 786,521 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,126 | | | — | | | 2,126 | | | Intangible assets, net | | | $ | 1,083,228 | | | $ | (294,581) | | | $ | 788,647 | |
The Company had the following intangible assets, net as of December 31, 2021:
| | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 6.4 years | | $ | 422,900 | | | $ | (87,089) | | | $ | 335,811 | | | Internally developed software | 2.6 years | | 117,953 | | | (52,607) | | | 65,346 | | | Gaming licenses | 7.3 years | | 54,442 | | | (13,466) | | | 40,976 | | | Trademarks and tradenames | 4.5 years | | 30,639 | | | (5,952) | | | 24,687 | | | Customer relationships | 3.3 years | | 99,728 | | | (33,526) | | | 66,202 | | | | | 725,662 | | | (192,640) | | | 533,022 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets | Indefinite-lived | | 1,995 | | | — | | | 1,995 | | | Intangible assets, net | | | $ | 727,657 | | | $ | (192,640) | | | $ | 535,017 | |
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| Summary of changes in the carrying amount of goodwill |
The changes in the carrying amount of goodwill for the nine months ended September 30, 2022 by reporting unit are: | | | | | | | | | | | | | | | | | | | | | | | | | | B2C | | B2B | | Media | | Total | | Balance as of December 31, 2021 | $ | 360,756 | | | $ | 207,684 | | | $ | 47,215 | | | $ | 615,655 | | | Goodwill resulting from the GNOG Transaction | 278,364 | | | — | | | — | | | 278,364 | | | Balance as of September 30, 2022 | $ | 639,120 | | | $ | 207,684 | | | $ | 47,215 | | | $ | 894,019 | |
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