XML 51 R36.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENT REPORTING (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Information
The following tables present the Company’s segment information:
Year Ended December 31, 2024
playGAMESplayAWARDSTotal
Net revenue
Virtual currency$228,877 $54 $228,931 
Advertising60,197 — 60,197 
Other293 301 
289,367 62 289,429 
Segment expenses
Cost of sales72,710 72,716 
Payroll & related49,994 10,035 60,029 
User acquisition46,969 — 46,969 
Other(1)
34,620 3,731 38,351 
204,293 13,772 218,065 
Reportable segment AEBITDA85,074 (13,710)71,364 
Other operating expense
Corporate and other14,815 
Restructuring expenses25,710 
Other reconciling items150 
Stock based compensation$18,113 
Depreciation and amortization45,440 
104,228 
Non-operating income (expense)
Change in fair value of warrant liabilities856 
Interest income (expense), net4,902 
Other (expense) income, net$(182)
5,576 
Income (loss) before income taxes(27,288)
Income tax expense$(1,399)
Net income (loss)$(28,687)
Year Ended December 31, 2023
playGAMESplayAWARDSTotal
Net revenue
Virtual currency
$247,929 $— $247,929 
Advertising58,236 — 58,236 
Other549 4,172 4,721 
306,714 4,172 310,886 
Segment expenses
Cost of sales
77,800 — 77,800 
Payroll & related
47,787 11,133 58,920 
User acquisition
60,693 — 60,693 
Other(1)
31,758 3,418 35,176 
218,038 14,551 232,589 
Reportable segment AEBITDA
88,676 (10,379)78,297 
Other operating expense
Corporate and other16,005 
Restructuring expenses8,584 
Other reconciling items214 
Stock based compensation$18,722 
Depreciation and amortization45,259 
88,784 
Non-operating income (expense)
Change in fair value of warrant liabilities2,596 
Interest income (expense), net4,858 
Other (expense) income, net$513 
7,967 
Income (loss) before income taxes(2,520)
Income tax expense
$(16,873)
Net income (loss)$(19,393)
(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, 2024
playGAMESplayAWARDSCorporate and OtherTotal
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 
Charges for the 2023 Reorganization Plan consisted of the following:
Year Ended December 31, 2023
playGAMESplayAWARDSCorporate and OtherTotal
Severance and employee-related costs
$2,823 $— — $2,823 
Other
— — 247 247 
Total
$2,823 $— $247 $3,070 
Schedule of Liabilities Associated with Reorganization Plans
The following table summarizes the activity related to the liabilities associated with the Company's reorganization plans for the years ended December 31, 2024 and 2023:
playGAMESplayAWARDSCorporate and OtherTotal
Balance as of December 31, 2022
$— $— $— $— 
Reorganization charges
2,823 — 247 3,070 
Non-cash charges
— — (223)(223)
Payments
(2,823)— (24)(2,847)
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