Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.25.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table presents the Company’s segment information:
Three Months Ended June 30, 2025 Three Months Ended June 30, 2024
playGAMES playAWARDS Total playGAMES playAWARDS Total
Net revenue
Virtual currency $ 47,981  $ 227  $ 48,208  $ 56,477  $ —  $ 56,477 
Advertising 11,128  —  11,128  16,006  —  16,006 
Other —  2  2  105  2  107 
59,109  229  59,338  72,588  2  72,590 
Segment expenses
Cost of sales 14,539  24  14,563  18,068  —  18,068 
Payroll & related 9,079  1,453  10,532  9,783  2,798  12,581 
User acquisition 9,066  —  9,066  13,122  —  13,122 
Other(1)
9,950  1,138  11,088  9,695  680  10,375 
42,634  2,615  45,249  50,668  3,478  54,146 
Reportable segment AEBITDA 16,475  (2,386) 14,089  21,920  (3,476) 18,444 
Other operating expense
Corporate and other $ 3,375  $ 4,306 
Restructuring expenses 60  1,379 
Other reconciling items (2) 138 
Stock based compensation 4,608  4,930 
Depreciation and amortization 9,535  11,654 
17,576  22,407 
Non-operating income (expense)
Change in fair value of warrant liabilities 9  717 
Interest income, net 946  1,374 
Other expense (207) (264)
748  1,827 
Loss before income taxes (2,739) (2,136)
Income tax expense (209) (475)
Net loss $ (2,948) $ (2,611)
(1)Consists of legal, rent, information technology, outside services, marketing, and other general and administrative expenses.
Six Months Ended June 30, 2025 Six Months Ended June 30, 2024
playGAMES playAWARDS Total playGAMES playAWARDS Total
Net revenue
Virtual currency $ 98,673  $ 375  $ 99,048  $ 116,724  $ —  $ 116,724 
Advertising 22,991  —  22,991  33,448  —  33,448 
Other —  8  8  244  2  246 
121,664  383  122,047  150,416  2  150,418 
Segment expenses
Cost of sales 30,302  40  30,342  37,019  —  37,019 
Payroll & related 18,254  3,020  21,274  19,906  5,849  25,755 
User acquisition 19,223  —  19,223  27,876  —  27,876 
Other(1)
19,101  1,998  21,099  20,244  1,251  21,495 
86,880  5,058  91,938  105,045  7,100  112,145 
Reportable segment AEBITDA 34,784  (4,675) 30,109  45,371  (7,098) 38,273 
Other operating expense
Corporate and other $ 6,908  $ 8,821 
Restructuring expenses 1,395  2,017 
Other reconciling items 1  157 
Stock based compensation 8,866  9,724 
Depreciation and amortization 19,167  23,220 
36,337  43,939 
Non-operating income (expense)
Change in fair value of warrant liabilities 110  653 
Interest income, net 1,852  2,794 
Other expense (1,005) (370)
957  3,077 
Loss before income taxes (5,271) (2,589)
Income tax expense (557) (589)
Net loss $ (5,828) $ (3,178)
(1)Consists of legal, rent, information technology, outside services, marketing, and other general and administrative expenses.