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Goodwill, Intangible Assets and Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill, Intangible Assets and Acquisitions

Schedule of the changes in the Group's goodwill by segment

​

​	​	​	​	​	​	​	​	​	​
​		Advertising &			Value-added			​	​
​	​	Marketing		​	services		​	Total
​	​	(In US$ thousands)
Balance as of December 31, 2020	​	$	30,899	​	$	30,813	​	$	61,712
Acquisition of the company operating Wuta application	​	​	51,034	​	​	—	​	​	51,034
Acquisition of an E-sports team	​	​	—	​	​	14,745	​	​	14,745
Currency translation adjustment	​	​	1,813	​	​	1,101	​	​	2,914
Balance as of December 31, 2021	​	​	83,746	​	​	46,659	​	​	130,405
Currency translation adjustment	​	​	(6,585)	​	​	(3,669)	​	​	(10,254)
Balance as of December 31, 2022	​	​	77,161	​	​	42,990	​	​	120,151
Acquisition of Yunrui	​	​	—	​	​	48,669	​	​	48,669
Currency translation adjustment	​	​	(2,331)	​	​	(53)	​	​	(2,384)
Balance as of December 31, 2023	​	$	74,830	​	$	91,606	​	$	166,436

Summary of the Group's intangible assets arising from acquisitions

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​

​

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​

​

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As of December 31, 2022

​

As of December 31, 2023

​

​

​

​

​

Accumulated

​

​

​

​

​

​

​

Accumulated

​

​

​

​

Cost

Amortization

Net

Cost

Amortization

Net

​

​

(In US$ thousands)

​

(In US$ thousands)

Game related

​

$

140,328

​

$

(30,029)

​

$

110,299

​

$

136,155

​

$

(43,406)

​

$

92,749

Technology

​

​

2,808

​

​

(2,596)

​

​

212

​

​

10,596

​

​

(2,831)

​

​

7,765

Trademark and domain name

​

​

12,892

​

​

(4,280)

​

​

8,612

​

​

25,436

​

​

(5,765)

​

​

19,671

Others

​

​

13,045

​

​

(7,096)

​

​

5,949

​

​

23,898

​

​

(9,954)

​

​

13,944

Total

​

$

169,073

​

$

(44,001)

​

$

125,072

​

$

196,085

​

$

(61,956)

​

$

134,129

Schedule of estimated amortization expenses

​

​	​	​	​
Year Ended December 31,		(In US$ thousands)
2024	​	$	21,483
2025	​	​	17,980
2026	​	​	17,943
2027	​	​	17,660
2028	​	​	17,326
Thereafter	​	​	41,528
Total expected amortization expense *	​	$	133,920

* The table above excludes US$0.2 million of indefinite-lived intangible assets which was included in the category of others.

Wuta application

Goodwill, Intangible Assets and Acquisitions

Schedule of consideration of acquisition was allocated based on their fair value of the assets acquired and the liabilities assumed

​

​	​	​	​
​	​	As of May 1, 2021
​	​	(In US$ thousands)
Consideration		$	39,540
Fair value of previously held equity interest	​	​	26,875
Non-controlling interest	​	​	10,811
Total	​	$	77,226
​	​	​	​
Cash and short-term investments acquired	​	$	5,786
Other assets acquired	​	​	6,801
Identifiable intangible assets acquired	​	​	16,495
Goodwill	​	​	51,034
Liabilities assumed	​	​	(2,890)
Total	​	$	77,226

E-sports team

Goodwill, Intangible Assets and Acquisitions

Schedule of consideration of acquisition was allocated based on their fair value of the assets acquired and the liabilities assumed

​

​	​	​	​
​		As of August 1, 2021
​	​	(In US$ thousands)
Consideration	​	$	30,953
​	​	​	​
Identifiable intangible assets acquired	​	$	19,274
Goodwill	​		14,745
Liabilities assumed	​		(3,066)
Total	​	$	30,953

Yunrui

Goodwill, Intangible Assets and Acquisitions

Schedule of consideration of acquisition was allocated based on their fair value of the assets acquired and the liabilities assumed

​

​	​	​	​
​		As of October 1, 2023
​	​	(In US$ thousands)
Consideration	​	$	30,443
Fair value of previously held equity interest	​		13,545
Non-controlling interest	​		37,043
Total	​	$	81,031
​	​	​	​
Cash and short-term investments acquired	​	$	4,864
Other assets acquired	​		1,483
Identifiable intangible assets acquired	​		31,205
Goodwill	​		48,669
Liabilities assumed	​		(5,190)
Total	​	$	81,031

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