Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.26.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table presents the Company’s segment information:
Three Months Ended March 31, 2026 Three Months Ended March 31, 2025
playGAMES playAWARDS Total playGAMES playAWARDS Total
Net revenue
Virtual currency $ 44,705  $ 543  $ 45,248  $ 50,692  $ 148  $ 50,840 
Advertising 13,157  —  13,157  11,863  —  11,863 
Other —  5  5  —  6  6 
57,862  548  58,410  62,555  154  62,709 
Segment expenses
Cost of sales 11,991  54  12,045  15,763  16  15,779 
Payroll & related 10,011  1,488  11,499  9,175  1,567  10,742 
User acquisition 16,693  —  16,693  10,157  —  10,157 
Other(1)
10,493  498  10,991  9,151  860  10,011 
49,188  2,040  51,228  44,246  2,443  46,689 
Reportable segment AEBITDA $ 8,674  $ (1,492) $ 7,182  $ 18,309  $ (2,289) $ 16,020 
Other operating expense
Corporate and other $ 3,611  $ 3,533 
Restructuring expenses 4,652  1,335 
Other reconciling items 7  3 
Stock-based compensation 2,384  4,258 
Depreciation and amortization 9,833  9,632 
20,487  18,761 
Non-operating income (expense)
Change in fair value of warrant liabilities 18  101 
Change in fair value of contingent consideration
 2,780  (325)
Interest income, net 722  906 
Other expense (281) (473)
3,239  209 
Loss before income taxes (10,066) (2,532)
Income tax expense (610) (348)
Net loss $ (10,676) $ (2,880)
(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 2026 Reorganization Plan, which is reflected in “Restructuring and related” in the Condensed Consolidated Statements of Operations:
Three Months Ended March 31, 2026
playGAMES playAWARDS Corporate and Other Total
Employee termination benefits
 $ 1,461  $ 261  $ 565  $ 2,287 
Lease-related charges(1)
121  68  149  338 
Asset-related charges(2)
191  3  6  200 
Other
 14  7  31  52 
Total
 $ 1,787  $ 339  $ 751  $ 2,877 
(1)Lease-related charges primarily represent accelerated amortization of operating lease right of use ("ROU") assets due to a change in useful life. See Note 11—Leases for further discussion.
(2)Asset-related charges primarily represent impairment and loss on disposal of property and equipment.
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, 2025
 $ —  $ —  $ —  $ — 
Reorganization charges and adjustments 1,787  339  751  2,877 
Non-cash charges (312) (71) (155) (538)
Payments (200) (37) (31) (268)
Balance as of March 31, 2026
 $ 1,275  $ 231  $ 565  $ 2,071