PLAYSTUDIOS, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2025

The following tables present the Company’s segment information:


	Year Ended December 31, 2025
	playGAMES		playAWARDS		Total
Net revenue
Virtual currency	$	188,381	$	986	$	189,367
Advertising	45,708		—		45,708
Other	—		22		22
	234,089		1,008		235,097
Segment expenses
Cost of sales	57,366		101		57,467
Payroll & related	37,352		6,016		43,368
User acquisition	37,203		—		37,203
Other(1)	43,527		3,591		47,118
	175,448		9,708		185,156

Reportable segment AEBITDA	58,641		(8,700)		49,941

Other operating expense
Corporate and other					14,346
Restructuring expenses					3,482
Other reconciling items					8
Stock based compensation					14,143
Special infrequent					3,524
Depreciation and amortization					38,360
					73,863
Non-operating income (expense)
Change in fair value of warrant liabilities					156
Change in fair value of contingent consideration					(4,968)
Interest income (expense), net					2,943
Other (expense) income, net					$	(910)
					(2,779)

Loss before income taxes					(26,701)
Income tax expense					$	(1,938)
Net income (loss)					$	(28,639)


	Year Ended December 31, 2024
	playGAMES		playAWARDS		Total
Net revenue
Virtual currency	$	228,877	$	54	$	228,931
Advertising	60,197		—		60,197
Other	293		8		301
	289,367		62		289,429
Segment expenses
Cost of sales	72,710		6		72,716
Payroll & related	49,994		10,035		60,029
User acquisition	46,969		—		46,969
Other(1)	34,620		3,731		38,351
	204,293		13,772		218,065

Reportable segment AEBITDA	85,074		(13,710)		71,364

Other operating expense
Corporate and other					14,815
Restructuring expenses					25,710
Other reconciling items					150
Stock based compensation					$	18,113
Depreciation and amortization					45,440
					104,228
Non-operating income (expense)
Change in fair value of warrant liabilities					856
Change in fair value of contingent consideration					(85)
Interest income (expense), net					4,902
Other (expense) income, net					$	(97)
					5,576

Loss before income taxes					(27,288)
Income tax expense					$	(1,399)
Net income (loss)					$	(28,687)

(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:


	Year Ended December 31, 2025
	playGAMES		playAWARDS		Corporate and Other		Total
Severance and employee-related costs	$	119	$	1	18		$	138
Total	$	119	$	1	$	18	$	138


	Year Ended December 31, 2024
	playGAMES		playAWARDS		Corporate and Other		Total
Severance and employee-related costs	$	3,956	$	768	979		$	5,703
Asset impairments	7,388		1,840		223		9,451
Other	568		39		468		1,075
Total	$	11,912	$	2,647	$	1,670	$	16,229

Schedule of Liabilities Associated with Reorganization Plans

The following table summarizes the activity related to the liabilities associated with the 2024 Reorganization Plan for the years ended December 31, 2025 and 2024:


	playGAMES		playAWARDS		Corporate and Other		Total
Balance as of December 31, 2023	$	—	$	—	$	—	$	—
Reorganization charges	11,912		2,647		1,670		16,229
Non-cash charges	(7,388)		(1,840)		(443)		(9,671)
Payments	(2,317)		(611)		(862)		(3,790)
Balance as of December 31, 2024	2,207		196		365		2,768
Reorganization charges	119		1		18		138
Non-cash charges	—		—		—		—
Payments	(2,326)		(197)		(383)		(2,906)
Balance as of December 31, 2025	$	—	$	—	$	—	$	—