Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.25.3
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table presents the Company’s segment information:
Three Months Ended September 30, 2025 Three Months Ended September 30, 2024
playGAMES playAWARDS Total playGAMES playAWARDS Total
Net revenue
Virtual currency $ 46,123  $ 258  $ 46,381  $ 57,564  $ —  $ 57,564 
Advertising 11,257  —  11,257  13,613  —  13,613 
Other 4  6  10  49  3  52 
57,384  264  57,648  71,226  3  71,229 
Segment expenses
Cost of sales 13,603  26  13,629  17,832  —  17,832 
Payroll & related 9,432  1,594  11,026  9,114  1,737  10,851 
User acquisition 9,389  —  9,389  10,055  —  10,055 
Other(1)
11,562  1,024  12,586  10,992  2,257  13,249 
43,986  2,644  46,630  47,993  3,994  51,987 
Reportable segment AEBITDA 13,398  (2,380) 11,018  23,233  (3,991) 19,242 
Other operating expense
Corporate and other $ 3,773  $ 4,619 
Restructuring expenses 1,253  3,231 
Other reconciling items 2  (7)
Stock-based compensation 3,030  4,584 
Special infrequent
 1,250  — 
Depreciation and amortization 9,576  11,593 
18,884  24,020 
Non-operating income (expense)
Change in fair value of warrant liabilities (73) 276 
Interest income, net 917  1,127 
Other expense (1,802) (256)
(958) 1,147 
Loss before income taxes (8,824) (3,631)
Income tax (expense) benefit (294) 534 
Net loss $ (9,118) $ (3,097)
(1)Consists of legal, rent, information technology, outside services, marketing, and other general and administrative expenses.
Nine Months Ended September 30, 2025 Nine Months Ended September 30, 2024
playGAMES playAWARDS Total playGAMES playAWARDS Total
Net revenue
Virtual currency $ 144,797  $ 633  $ 145,430  $ 174,288  $ —  $ 174,288 
Advertising 34,248  —  34,248  47,061  —  47,061 
Other 3  14  17  293  5  298 
179,048  647  179,695  221,642  5  221,647 
Segment expenses
Cost of sales 43,905  66  43,971  54,851  —  54,851 
Payroll & related 27,686  4,614  32,300  29,020  7,586  36,606 
User acquisition 28,612  —  28,612  37,931  —  37,931 
Other(1)
30,663  3,022  33,685  31,236  3,508  34,744 
130,866  7,702  138,568  153,038  11,094  164,132 
Reportable segment AEBITDA 48,182  (7,055) 41,127  68,604  (11,089) 57,515 
Other operating expense
Corporate and other $ 10,681  $ 13,440 
Restructuring expenses 2,648  5,248 
Other reconciling items 3  150 
Stock-based compensation
 11,896  14,308 
Special infrequent
 1,250  — 
Depreciation and amortization 28,743  34,813 
55,221  67,959 
Non-operating income (expense)
Change in fair value of warrant liabilities 37  929 
Interest income, net 2,769  3,921 
Other expense (2,807) (626)
(1) 4,224 
Loss before income taxes (14,095) (6,220)
Income tax expense (851) (55)
Net loss $ (14,946) $ (6,275)
(1)Consists of legal, rent, information technology, outside services, marketing, and other general and administrative expenses.