ZILLOW GROUP INC
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
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Intangible Assets, Net
Note 7. Intangible Assets, Net
The following tables present the detail of intangible assets as of the dates presented (in millions):
| December 31, 2024 | |||
|---|---|---|---|
| Cost | AccumulatedAmortization | Net | |
| Customer relationships | $94 | $(29) | $65 |
| Software | 101 | (39) | 62 |
| Developed technology | 102 | (51) | 51 |
| Trade names and trademarks | 47 | (25) | 22 |
| Purchased content | 22 | (15) | 7 |
| Total | $366 | $(159) | $207 |
| December 31, 2023 | |||
|---|---|---|---|
| Cost | AccumulatedAmortization | Net | |
| Customer relationships | $98 | $(19) | $79 |
| Developed technology | 104 | (30) | 74 |
| Software | 84 | (29) | 55 |
| Trade names and trademarks | 47 | (20) | 27 |
| Purchased content | 17 | (11) | 6 |
| Total | $350 | $(109) | $241 |
Amortization expense recorded for intangible assets for the years ended December 31, 2024, 2023 and 2022 was $77 million, $53 million and $58 million, respectively.
Estimated future amortization expense for intangible assets, including amortization related to future commitments (see Note 15), as of December 31, 2024 is as follows (in millions):
| 2025 | $71 |
| 2026 | 54 |
| 2027 | 43 |
| 2028 | 20 |
| 2029 | 14 |
| Thereafter | 14 |
| Total future amortization expense | $216 |
We didnot record any material impairment costs related to our intangible assets for the years ended December 31, 2024, 2023 or 2022.
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