Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.25.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table presents the Company’s segment information:
Three Months Ended March 31, 2025 Three Months Ended March 31, 2024
playGAMES playAWARDS Total playGAMES playAWARDS Total
Net revenue
Virtual currency $ 50,692  $ 148  $ 50,840  $ 60,247  $ —  $ 60,247 
Advertising 11,863  —  11,863  17,442  —  17,442 
Other —  6  6  139  —  139 
62,555  154  62,709  77,828  —  77,828 
Segment expenses
Cost of sales 15,763  16  15,779  18,951  —  18,951 
Payroll & related 9,175  1,567  10,742  10,123  3,051  13,174 
User acquisition 10,157  —  10,157  14,754  —  14,754 
Other(1)
9,151  860  10,011  10,549  571  11,120 
44,246  2,443  46,689  54,377  3,622  57,999 
Reportable segment AEBITDA 18,309  (2,289) 16,020  23,451  (3,622) 19,829 
Other operating expense
Corporate and other $ 3,533  $ 4,515 
Restructuring expenses 1,335  638 
Other reconciling items 3  19 
Stock based compensation 4,258  4,794 
Depreciation and amortization 9,632  11,566 
18,761  21,532 
Non-operating income (expense)
Change in fair value of warrant liabilities 101  (64)
Interest income, net 906  1,420 
Other expense (798) (106)
209  1,250 
Loss before income taxes (2,532) (453)
Income tax expense (348) (114)
Net loss $ (2,880) $ (567)
(1)Consists of legal, rent, information technology, outside services, marketing, and other general and administrative expenses.
Schedule of Reorganization Plan The following table presents the charges for the 2024 Reorganization Plan:
Three Months Ended March 31, 2025
playGAMES playAWARDS Corporate and Other Total
Severance and employee-related costs
 $ 342  $ 1  146  $ 489 
Total
 $ 342  $ 1  $ 146  $ 489 
Schedule of Liabilities Associated with Reorganization Plans
The following table summarizes the activity related to the liabilities associated with the Company's reorganization plan:
playGAMES playAWARDS Corporate and Other Total
Balance as of December 31, 2024 $ 2,207  $ 196  $ 365  $ 2,768 
Reorganization charges and adjustments 119  1  18  138 
Payments (2,044) (188) (308) (2,540)
Balance as of March 31, 2025 282  9  75  366