PLAYSTUDIOS, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

NOTE 9—INTANGIBLE ASSETS AND INTERNAL-USE SOFTWARE, NET

Intangible Assets

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:


	June 30, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable intangible assets:
Licenses	$	83,820	$	(52,538)	$	31,282	$	83,820	$	(45,670)	$	38,150
Acquired technology	16,653		(12,513)		4,140		16,653		(11,088)		5,565
Customer relationships	12,000		(9,000)		3,000		12,000		(7,800)		4,200
Trade names	2,740		(1,803)		937		2,741		(1,728)		1,013
Internal-use software	212,119		(186,436)		25,683		204,254		(178,101)		26,153
Other	392		(41)		351		379		(30)		349
	327,724		(262,331)		65,393		319,847		(244,417)		75,430
Nonamortizable intangible assets:
Marketing Agreement with a related party	1,000		—		1,000		1,000		—		1,000
Total intangible assets	$	328,724	$	(262,331)	$	66,393	$	320,847	$	(244,417)	$	76,430

During the three months ended June 30, 2026 and 2025, intangible asset and internal-use software amortization was $8.9 million and $8.5 million, respectively. During the six months ended June 30, 2026 and 2025, intangible asset and internal-use software amortization was $17.9 million and $17.2 million, respectively. The aggregate amortization expense for amortizable intangible assets and internal-use software is reflected in “Depreciation and amortization” in the Condensed Consolidated Statements of Operations.

During the three and six months ended June 30, 2026 and 2025, there were no impairment charges for intangible assets or internal-use software.

As of June 30, 2026, the estimated annual amortization expense is as follows:


	Projected Amortization Expense
Remaining 2026	$	17,127
2027	24,515
2028	15,854
2029	7,213
2030	172
Thereafter	512
Total	$	65,393