Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING (Tables)

v3.24.0.1
SEGMENT REPORTING (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables present the Company’s segment information:
For the Year Ended December 31,
2023 2022 2021
Net revenue
playGAMES
 $ 306,714  $ 284,476  $ 287,419 
playAWARDS
 4,172  5,833  — 
Reportable segment net revenue 310,886  290,309  287,419 
Corporate and other —  —  — 
Net revenue $ 310,886  $ 290,309  $ 287,419 
AEBITDA
playGAMES $ 88,676  $ 58,999  $ 57,865 
playAWARDS (10,379) (5,189) (8,990)
Reportable segment AEBITDA $ 78,297  $ 53,810  $ 48,875 
Other operating expense
Corporate and other
 $ 16,005  $ 15,557  $ 9,329 
Restructuring expenses
 8,584  13,020  3,082 
Other reconciling items(1)
214  25  7,601 
Stock based compensation 18,722  17,727  4,455 
Depreciation and amortization 45,259  35,562  27,398 
$ (10,487) $ (28,081) $ (2,990)
Non-operating income (expense)
Change in fair value of warrant liabilities $ 2,596  $ 1,047  $ 13,933 
Interest income (expense), net 4,858  1,925  (235)
Other income (expense), net 513  1,491  (229)
$ 7,967  $ 4,463  $ 13,469 
(Loss) income before income taxes $ (2,520) $ (23,618) $ 10,479 
Income tax (expense) benefit (16,873) 5,835  258 
Net (loss) income $ (19,393) $ (17,783) $ 10,737 
(1)Includes miscellaneous income and losses on the disposal of assets. Amounts reported during the year ended December 31, 2021 also include a $5.0 million transaction bonus and a $2.5 million charitable contribution per the terms of the Merger Agreement.