Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets

The Company has the following intangible assets, net as of June 30, 2022:


	Weighted-Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net
Amortized intangible assets:
Developed technology	5.9 years	$	422,900	$	(113,677)	$	309,223
Internally developed software	2.6 years	142,574		(61,268)		81,306
Gaming licenses	11.0 years	194,830		(20,277)		174,553
Trademarks, tradenames and other	4.1 years	32,971		(9,627)		23,344
Customer relationships	5.0 years	269,728		(49,118)		220,610
		1,063,003		(253,967)		809,036
Indefinite-lived intangible assets:
Digital assets, net of impairment	Indefinite-lived	1,489		—		1,489
Intangible assets, net		$	1,064,492	$	(253,967)	$	810,525

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

Amortization expense was $38.1 million and $26.6 million for the three months ended June 30, 2022 and 2021, respectively, and $66.2 million and $51.9 million for the six months ended June 30, 2022 and 2021, respectively.

Goodwill

The changes in the carrying amount of goodwill for the six months ended June 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 June 30, 2022	$	639,120	$	207,684	$	47,215	$	894,019