Intangible Assets (Tables)
|
9 Months Ended |
Sep. 30, 2024 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of Intangible Assets, Finite-Lived |
As of September 30, 2024, intangible assets, net consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.2 years | | $ | 513,064 | | | $ | (237,936) | | | $ | 275,128 | | | Internally developed software | 2.3 years | | 306,271 | | | (149,359) | | | 156,912 | | | Gaming licenses | 8.5 years | | 221,317 | | | (63,376) | | | 157,941 | | | Customer relationships | 6.1 years | | 442,528 | | | (176,502) | | | 266,026 | | | Trademarks, tradenames and other | 6.1 years | | 46,223 | | | (13,204) | | | 33,019 | | | | | $ | 1,529,403 | | | $ | (640,377) | | | $ | 889,026 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Total | | | $ | 1,532,287 | | | $ | (640,377) | | | $ | 891,910 | |
As of December 31, 2023, intangible assets, net consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.4 years | | $ | 422,900 | | | $ | (193,247) | | | $ | 229,653 | | | Internally developed software | 2.3 years | | 236,644 | | | (108,169) | | | 128,475 | | | Gaming licenses | 10.6 years | | 218,760 | | | (47,941) | | | 170,819 | | | Customer relationships | 4.1 years | | 269,728 | | | (127,862) | | | 141,866 | | | Trademarks, tradenames and other | 3.3 years | | 37,674 | | | (20,751) | | | 16,923 | | | | | $ | 1,185,706 | | | $ | (497,970) | | | $ | 687,736 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Total | | | $ | 1,188,590 | | | $ | (497,970) | | | $ | 690,620 | |
|
| Schedule of Intangible Assets, Indefinite-Lived |
As of September 30, 2024, intangible assets, net consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.2 years | | $ | 513,064 | | | $ | (237,936) | | | $ | 275,128 | | | Internally developed software | 2.3 years | | 306,271 | | | (149,359) | | | 156,912 | | | Gaming licenses | 8.5 years | | 221,317 | | | (63,376) | | | 157,941 | | | Customer relationships | 6.1 years | | 442,528 | | | (176,502) | | | 266,026 | | | Trademarks, tradenames and other | 6.1 years | | 46,223 | | | (13,204) | | | 33,019 | | | | | $ | 1,529,403 | | | $ | (640,377) | | | $ | 889,026 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Total | | | $ | 1,532,287 | | | $ | (640,377) | | | $ | 891,910 | |
As of December 31, 2023, intangible assets, net consists of the following: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-Average Remaining Amortization Period | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Amortized intangible assets: | | | | | | | | | Developed technology | 4.4 years | | $ | 422,900 | | | $ | (193,247) | | | $ | 229,653 | | | Internally developed software | 2.3 years | | 236,644 | | | (108,169) | | | 128,475 | | | Gaming licenses | 10.6 years | | 218,760 | | | (47,941) | | | 170,819 | | | Customer relationships | 4.1 years | | 269,728 | | | (127,862) | | | 141,866 | | | Trademarks, tradenames and other | 3.3 years | | 37,674 | | | (20,751) | | | 16,923 | | | | | $ | 1,185,706 | | | $ | (497,970) | | | $ | 687,736 | | | Indefinite-lived intangible assets: | | | | | | | | | Digital assets, net of impairment | Indefinite-lived | | 2,884 | | | N/A | | 2,884 | | | Total | | | $ | 1,188,590 | | | $ | (497,970) | | | $ | 690,620 | |
|
| Schedule of Estimated Future Amortization of Intangible Assets |
The table below reflects expected amortization expense for the next five years of intangible assets recorded as of September 30, 2024: | | | | | | | Year ending December 31, | Estimated Amortization | | October 1, 2024 to December 31, 2024 | $ | 65,662 | | | 2025 | 217,796 | | | 2026 | 180,233 | | | 2027 | 151,030 | | | 2028 | 92,068 | |
|
| Summary of Changes in the Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the nine months ended September 30, 2024 are: | | | | | | | Total | | Balance as of December 31, 2023 | $ | 886,373 | | | Goodwill resulting from acquisitions | 569,636 | | | Balance as of September 30, 2024 | $ | 1,456,009 | |
|