Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2025

The changes in the carrying amount of goodwill for the three months ended March 31, 2025 were as follows:


	Goodwill
	(in thousands)
Balance as of December 31, 2024	$	1,689,785
Goodwill acquired	—
Foreign currency translation	2,085
Balance as of March 31, 2025	$	1,691,870

Intangible assets consisted of the following:


	As of March 31, 2025
	Weighted- Average Remaining Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net

	(in thousands, except years)
Domain names	1.8	$	745	$	(629)	$	116

Technology	2.1	303,734		(244,067)		59,667

Patents	8.9	31,672		(16,633)		15,039

Total intangible assets		$	336,151	$	(261,329)	$	74,822


	As of December 31, 2024
	Weighted- Average Remaining Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net

	(in thousands, except years)
Domain names	2.0	$	745	$	(613)	$	132

Technology	2.3	308,333		(238,189)		70,144

Patents	8.8	39,373		(23,286)		16,087
Other	—	6,000		(6,000)		—
Total intangible assets		$	354,451	$	(268,088)	$	86,363

Amortization of intangible assets was $11.5 million and $18.6 million for the three months ended March 31, 2025 and 2024, respectively.

As of March 31, 2025, the estimated intangible asset amortization expense for the next five years and thereafter is as follows: