Goodwill and Intangible Assets (Tables)
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9 Months Ended |
Sep. 30, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
The changes in the carrying value of the Company’s goodwill balance were as follows: | | | | | | | | | | | | | September 30, 2025 | | December 31, 2024 | | (In thousands) | | Goodwill, opening balance | $ | 63,063 | | | $ | 63,063 | | | Acquisition of Teads | 502,582 | | | — | | | Foreign currency translation | 67,315 | | | — | | | Goodwill, closing balance | $ | 632,960 | | | $ | 63,063 | |
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| Schedule of Finite-Lived Intangible Assets |
The gross carrying amount and accumulated amortization of the Company’s intangible assets are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2025 | | Weighted Average Amortization
Period | | Gross Value | | Accumulated Amortization | | Net Carrying Value | | | | (In thousands) | | Developed technology | 5.0 years | | $ | 91,676 | | | $ | (19,385) | | | $ | 72,291 | | | Customer relationships | 10.3 years | | 264,402 | | | (23,214) | | | 241,188 | | | Publisher relationships | 8.0 years | | 64,618 | | | (13,315) | | | 51,303 | | | Trade names | 11.0 years | | 27,472 | | | (2,943) | | | 24,529 | | | Other | 15.8 years | | 906 | | | (356) | | | 550 | | | Total intangible assets, net | | | $ | 449,074 | | | $ | (59,213) | | | $ | 389,861 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Weighted Average Amortization
Period | | Gross Value | | Accumulated Amortization | | Net Carrying Value | | | | (In thousands) | | Developed technology | 8.0 years | | $ | 18,411 | | | $ | (12,149) | | | $ | 6,262 | | | Customer relationships | 5.0 years | | 5,743 | | | (5,448) | | | 295 | | | Publisher relationships | 8.0 years | | 18,509 | | | (11,747) | | | 6,762 | | | Trade names | 8.8 years | | 5,235 | | | (2,328) | | | 2,907 | | | Content provider relationships | 5.0 years | | 284 | | | (169) | | | 115 | | | Other | 15.8 years | | 906 | | | (319) | | | 587 | | | Total intangible assets, net | | | $ | 49,088 | | | $ | (32,160) | | | $ | 16,928 | |
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| Schedule of Impaired Intangible Assets |
During the nine months ended September 30, 2025, in connection with the post-merger integration of the newly acquired Teads business, the Company made a decision to discontinue its video product offering associated with its prior acquisition of vi. Accordingly, the Company fully wrote off the associated intangible assets, as detailed below:
| | | | | | | | | | | Nine Months Ended
September 30, 2025 | | | (In thousands) | | Developed technology | | $ | 5,950 | | | Customer relationships | | 259 | | | Publisher relationships | | 6,426 | | | Trade names | | 2,373 | | | Content provider relationships | | 100 | | | Impairment charge | | $ | 15,108 | |
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| Schedule of Estimated Amortization on Identifiable Acquisition-Related Intangible Assets |
As of September 30, 2025, estimated amortization related to the Company’s identifiable Acquisition-related intangible assets in future periods was as follows: | | | | | | | | | | | Amount | | | (In thousands) | | Remainder of 2025 | | $ | 13,392 | | | 2026 | | 53,133 | | | 2027 | | 52,971 | | | 2028 | | 52,917 | | | 2029 | | 52,917 | | | Thereafter | | 164,531 | | | Total | | $ | 389,861 | |
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