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Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Intangible Assets, Net

Intangible Assets, Net

Note 6 – Intangible Assets, Net

Intangible assets, net, consisted of the following as of March 31, 2023:


		March 31, 2023
											Remaining
											Weighted
		Gross						Net			Average
		Carrying			Accumulated			Carrying			Amortization
(in thousands)		Amount			Amortization			Value			Period
Site Host relationships		$	41,500		$	(11,100)		$	30,400		8.8 years
Customer relationships			19,000			(13,112)			5,888		1.5 years
Developed technology			14,000			(2,905)			11,095		11.3 years
User base			11,000			(4,746)			6,254		2.3 years
Trade name			5,000			(929)			4,071		13.3 years
		$	90,500		$	(32,792)		$	57,708

Amortization of intangible assets was $2.9 million for each of the three months ended March 31, 2023 and 2022.