Playstudios FY2026 Q2 Earnings Release

A ugust 1 1, 2 026
P LA YSTU DIO S, In c. A nnounces S eco nd
Q uarte r R esu lt s
Seco nd Q uarte r R eve nue o f $ 55.0 m illio n
Net lo ss o f $ 13.3 m illio n
Conso lid ate d A EBIT D A o f $ 7.3 m illio n
L A S V EG AS–(B U SIN ESS W IR E)– P LA YSTU DIO S, In c. ( N ASD AQ : M YPS)
(“P LA YSTU DIO S” o r th e “ C om pany”), a d eve lo per a nd p ublis h er o f fr e e-to -p la y m obile a nd
so cia l g am es a nd th e c re ato r o f th e p la yA W AR DS lo ya lt y p la tfo rm , to day a nnounce d
fin ancia l r e su lt s fo r th e s e co nd q uarte r e nded J u ne 3 0, 2 026.
A ndre w P asca l, C hair m an a nd C hie f E xe cu tiv e O ffic e r o f P LA YSTU DIO S, s a id , “ O ur s e co nd
q uarte r r e su lt s r e fle ct th e c o ntin ued e ffe ct o f s e cu la r p re ssu re o n o ur le gacy p ortfo lio ,
in clu din g e ro sio n in a udie nce a nd r e ve nue. A t th e s a m e tim e, w e a re m akin g m eanin gfu l
p ro gre ss s im plif y in g P LA YSTU DIO S, r e ducin g it s c o st s tr u ctu re , a nd e sta blis h in g a m ore
d ura ble o pera tin g m odel. R enew al, th e s e co nd s ta ge o f o ur b usin ess r e str u ctu rin g a nd c o st
re ductio n p ro gra m , is r e ducin g c o m ple xit y a nd fix e d c o sts w hile s h arp enin g fo cu s a nd
a cco unta bilit y . A lt h ough th e fu ll b enefit o f th ese a ctio ns w ill ta ke tim e to a ppear in o ur
re porte d r e su lt s , w e b elie ve th ey a re p osit io nin g th e C om pany fo r g re ate r o pera tin g s ta bilit y ,
im pro ve d m arg in s, a nd s tr o nger c a sh flo w in th e fu tu re .”
P asca l c o ntin ued, “ T he e arn in gs a nd c a sh flo w g enera te d b y o ur c o re b usin ess h ave
h is to ric a lly fu nded o ur in ve stm ents in n ew g ro w th in it ia tiv e s. G iv e n th e p erfo rm ance a nd r is k
p ro file o f th ose in it ia tiv e s, w e a re a pply in g g re ate r d is cip lin e to w here a nd h ow w e d eplo y
ca pit a l. O ur o ve rrid in g p rio rit y is to im pro ve th e p erfo rm ance , p ro fit a bilit y , a nd c a sh
g enera tio n o f th e b usin ess w e h ave to day. W e a re th ere fo re r e asse ssin g th e s ca le a nd
d ura tio n o f in ve stm ent in T etr is B lo ck P arty a nd p la yS W EEPS. A s tr o nger a nd m ore s ta ble
co re w ill g iv e u s a b ette r p la tfo rm fr o m w hic h to e va lu ate a nd s e le ctiv e ly p urs u e fu tu re

g ro w th .”
S eco nd Q uarte r F in an cia l H ig hlig hts
Reve nue w as $ 55.0 m illio n d urin g th e s e co nd q uarte r o f 2 026, c o m pare d to $ 59.3
millio n d urin g th e s e co nd q uarte r o f 2 025.
Net lo ss w as $ 13.3 m illio n d urin g th e s e co nd q uarte r o f 2 026, r e pre se ntin g a n et lo ss
marg in o f 2 4.1 % , c o m pare d to n et lo ss o f $ 2.9 m illio n d urin g th e s e co nd q uarte r o f
2025, r e pre se ntin g a n et lo ss m arg in o f 5 .0 % .
Conso lid ate d A EBIT D A, a n on-G AAP fin ancia l m easu re d efin ed b elo w , w as $ 7.3
millio n d urin g th e s e co nd q uarte r o f 2 026, r e pre se ntin g a m arg in o f 1 3.3 % , c o m pare d
to $ 10.7 m illio n d urin g th e s e co nd q uarte r o f 2 025, r e pre se ntin g a m arg in o f 1 8.1 % .
Use r a cq uis it io n e xp ense in cre ase d $ 2.7 m illio n d urin g th e s e co nd q uarte r o f 2 026
co m pare d to th e s e co nd q uarte r o f 2 025, a ttr ib ute d to th e in ve stm ents in o ur g ro w th
in it ia tiv e s, n et o f s a vin gs in th e c o re b usin ess.
Dir e ct- to -c o nsu m er r e ve nue w as $ 14.7 m illio n d urin g th e s e co nd q uarte r o f 2 026,
co m pare d to $ 6.7 m illio n d urin g th e s e co nd q uarte r o f 2 025, r e pre se ntin g a n in cre ase
of 1 20% .
Ave ra ge D AU w as 1 .9 m illio n, A ve ra ge M AU w as 7 .8 m illio n, a nd A R PD AU w as $ 0.3 2
durin g th e s e co nd q uarte r o f 2 026.
Cash a nd c a sh e quiv a le nts w ere $ 102.7 m illio n a s o f J u ne 3 0, 2 026.
M an ag em en t C om men ta ry S nap sh ot
Legacy s o cia l c a sin o r e ve nue a nd a udie nce r e m ain ed u nder p re ssu re , r e fle ctin g
pers is te nt s e cu la r h eadw in ds a cro ss th e c a te gory .
Dir e ct- to -c o nsu m er r e ve nue c o ntin ued to g ro w a nd r e pre se nte d a s ig nif ic a ntly la rg er
sh are o f to ta l in -a pp p urc h ase r e ve nue, s u pportin g im pro ve d p la tfo rm e co nom ic s.
The C om pany is p rio rit iz in g o pera tin g s ta bilit y , p ro fit a bilit y , a nd c a sh g enera tio n in it s
co re p ortfo lio , w hile s u bje ctin g g ro w th in ve stm ents to h ig her p erfo rm ance a nd r e tu rn
th re sh old s.
Tetr is B lo ck P arty ’s g ro w th s lo w ed fo llo w in g it s fir s t- q uarte r la unch c a m paig ns, a nd th e
monetiz a tio n, e ngagem ent, a nd p ayb ack c h ara cte ris tic s e vid ence d e arlie r h ave b een
dif fic u lt to s u sta in .
The W in Z one a ls o p erfo rm ed b elo w e xp ecta tio ns a cro ss it s k e y o pera tin g m etr ic s.
The C om pany h as a dopte d a R ule 1 0b5-1 tr a din g p la n a nd e xp ects to c o ntin ue
re purc h asin g s h are s u nder it s r e m ain in g a uth oriz a tio n.
C ost S tr u ctu re a n d M arg in Im pro vem en t
S eco nd q uarte r r e su lt s r e fle ct th e c o ntin ued b enefit s o f R ein ve ntio n, th e in it ia l p hase o f th e
C om pany’s b usin ess r e str u ctu rin g a nd c o st r e ductio n p ro gra m in it ia te d in th e fo urth q uarte r
o f 2 024 a nd im ple m ente d m ore fu lly d urin g th e fir s t h alf o f 2 025. T hat p ro gra m g enera te d
a ppro xim ate ly $ 29.0 m illio n o f a nnualiz e d o pera tin g e xp ense s a vin gs a nd im pro ve d
e ffic ie ncy. T hose s a vin gs in it ia lly s u pporte d m ore th an $ 11 m illio n o f in cre ase d y e ar-o ve r-
ye ar in ve stm ent in u se r a cq uis it io n a nd n ew p ro duct d eve lo pm ent. A s th e C om pany
e va lu ate s th e p erfo rm ance o f th ose in ve stm ents , it is r e asse ssin g th at a llo ca tio n a nd th e
re la tiv e b enefit o f d ir e ctin g in cre m enta l c a pit a l to w ard fu rth er p ro fit a bilit y a nd c a sh flo w .
T he C om pany is a ls o a dva ncin g R enew al, a b ro ader r e str u ctu rin g d esig ned to s im plif y

o pera tio ns, r e duce fix e d c o sts , im pro ve lo ng-te rm p ro fit a bilit y , a nd c re ate a m ore s ta ble
o pera tin g p la tfo rm . R enew al in clu ded th e c lo sin g o f 4 o f 9 s tu dio s, th e e lim in atio n o f 1 77
p osit io ns, th e c o nso lid atio n o f p ro ducts a nd d eve lo pm ent te am s, th e u nif ic a tio n o f s e le ct
te ch nolo gie s a nd to ols , r e ductio ns in c o st o f s a le s, a nd lo w er m ark e tin g s p end. T he
C om pany r e m ain s o n p ace to r e aliz e m anagem ent’s in it ia l fo re ca st o f a n a ddit io nal $ 33.0
m illio n to $ 39.0 m illio n o f a nnualiz e d s a vin gs. T hese c h anges a re in te nded to m ake th e
b usin ess m ore fo cu se d a nd d ura ble in a n e vo lv in g m ark e t a nd to p ro vid e th e fo undatio n fr o m
w hic h th e C om pany c a n e va lu ate s e le ctiv e fu tu re g ro w th o pportu nit ie s.
C ap it a l A llo catio n a n d G ro w th In it ia tiv es
T he C om pany’s c a pit a l a llo ca tio n p rio rit ie s a re in cre asin gly c e nte re d o n th e o pera tin g
p erfo rm ance a nd s ta bilit y o f it s e xis tin g b usin ess. Im pro vin g th e p erfo rm ance , p ro fit a bilit y ,
a nd c a sh g enera tio n o f th e C om pany is th e o ve rrid in g n ear-te rm o bje ctiv e . A cco rd in gly ,
co ntin ued in ve stm ent in T etr is B lo ck P arty a nd p la yS W EEPS w ill b e s ta ged, s e le ctiv e , a nd
co ntin gent u pon r e tu rn s. In it ia tiv e s th at d o n ot m eet o ur s ta ndard s m ay b e r e duce d in s co pe,
re str u ctu re d, o r s u sp ended.
F ollo w in g a s tr o ng in it ia l la unch in D ece m ber 2 025, T etr is B lo ck P arty ’s n ew -u se r g ro w th a nd
re su lt in g D AU s lo w ed d urin g th e s e co nd q uarte r, r e ach in g a ppro xim ate ly 1 23,0 00 D AU a s o f
Ju ne 2 026. E ngagem ent, m onetiz a tio n, a nd p ayb ack c h ara cte ris tic s h ave b een d if fic u lt to
su sta in a t e arlie r le ve ls . T he te am is fo cu se d o n im pro vin g r e te ntio n a nd r e fin in g u se r
a cq uis it io n w hile th e C om pany e va lu ate s th e a ppro pria te le ve l a nd d ura tio n o f fu rth er
in ve stm ent.
P LA YSTU DIO S a ls o c o ntin ued to a dva nce it s p la yS W EEPS in it ia tiv e s, in clu din g T he W in
Z one a nd th e in tr o ductio n o f s w eepsta ke s in it s P O P! S lo ts s o cia l c a sin o tit le . T he W in
Z one’s e ngagem ent a nd m onetiz a tio n p erfo rm ance d urin g th e q uarte r w as b elo w th e
C om pany’s in te rn al e xp ecta tio ns. A cco rd in gly , th e C om pany h as r e duce d th e p ace o f
in ve stm ent a nd is lim it in g m eanin gfu l m ark e tin g s p end. T he P O P! S lo ts s w eepsta ke s
in it ia tiv e m ade m eanin gfu l p ro gre ss a nd is e xp ecte d to c o m ple te v a lid atio n a nd b eta te stin g
in th e th ir d q uarte r. M anagem ent is e va lu atin g a r a nge o f a lt e rn ativ e s w it h r e sp ect to
p la yS W EEPS, in clu din g fu rth er p ro duct a nd m ark e tin g a dju stm ents , r e ductio ns in s co pe,
re str u ctu rin g, o r s u sp ensio n o f in div id ual e ffo rts .
A I E nab le m en t
A s p art o f it s b ro ader s im plif ic a tio n e ffo rt, th e C om pany is s e le ctiv e ly e xp andin g th e u se o f
A I a cro ss it s d eve lo pm ent a nd o pera tin g te am s. M anagem ent b elie ve s p ra ctic a l, A I- e nable d
w ork flo w s c a n im pro ve p ro ductiv it y , e xe cu tio n q ualit y , a nd m arg in s o ve r tim e, a nd is
p rio rit iz in g a pplic a tio ns w it h m easu ra ble o pera tin g b enefit s .
S hare R ep urc h ase P la n
A s o f J u ne 3 0, 2 026, th e C om pany h ad $ 102.7 m illio n o f c a sh a nd c a sh e quiv a le nts . B ase d
o n r e ce nt tr a din g p ric e s, th e C om pany b elie ve s it s c u rre nt m ark e t v a lu atio n im plie s a
n egativ e e nte rp ris e v a lu e. T he C om pany h as a dopte d a R ule 1 0b5-1 tr a din g p la n a nd
e xp ects to c o ntin ue r e purc h asin g s h are s o f it s C la ss A c o m mon s to ck u nder it s r e m ain in g
$ 38.5 m illio n o f a uth oriz a tio n, s u bje ct to m ark e t c o ndit io ns, a pplic a ble le gal r e quir e m ents ,
a nd o th er c o nsid era tio ns.

O utlo ok
G iv e n th e p ers is te nt p re ssu re o n it s le gacy p ortfo lio a nd th e v a ria bilit y in th e p erfo rm ance o f
it s n ew er in it ia tiv e s, P LA YSTU DIO S is n ot p ro vid in g fo rm al fin ancia l g uid ance a t th is tim e.
M anagem ent’s o ve rrid in g n ear-te rm p rio rit y is to c o m ple te R enew al, s ta biliz e th e p ortfo lio ,
a nd im pro ve m arg in s, p ro fit a bilit y , a nd c a sh flo w . T he C om pany b elie ve s a s tr o nger a nd
m ore p re dic ta ble o pera tin g b ase w ill b ette r p osit io n it to e va lu ate a nd s e le ctiv e ly in ve st in
fu tu re g ro w th o pportu nit ie s. M anagem ent r e m ain s c o m mit te d to tr a nsp are ncy a nd in te nds to
co ntin ue e ngagin g w it h in ve sto rs a nd a naly sts r e gard in g th e C om pany’s p ro gre ss a nd
p rio rit ie s.
S um mary O pera tin g R esu lt s
Thre e M onth s E nded J u ne 3 0,
Six M onth s E nded J u ne 3 0,
(in t h ousan ds, e xcep t p erc en ta g es)
2026

2025

2026

2025

Net r e ve nues
$ 54,9 92
$ 59,3 38
$ 113,4 02
$ 122,0 47

Tota l o pera tin g c o sts a nd e xp ense s
64,5 41
62,8 25
136,2 56
128,2 75

Loss fr o m o pera tio ns
(9 ,5 49
) (3 ,4 87
) (2 2,8 54
) (6 ,2 28
)
Net lo ss
(1 3,2 74
) (2 ,9 48
) (2 3,9 50
) (5 ,8 28
)
Conso lid ate d A EBIT D A
7,3 03
10,7 14
10,8 74
23,2 01

Net lo ss m arg in
(2 4.1
)%
(5 .0
)%
(2 1.1
)%
(4 .8
)%
Conso lid ate d A EBIT D A m arg in
13.3
% 18.1
% 9.6
% 19.0
%
A bout P LA YSTU DIO S, In c.
P LA YSTU DIO S ( N asd aq: M YPS), c re ato r o f th e g ro undbre akin g m yV IP lo ya lt y p ro gra m , is a
p ublis h er a nd d eve lo per o f a w ard -w in nin g m obile g am es, in clu din g th e ic o nic T etr is ® m obile
a pp, T etr is B lo ck P arty , S olit a ir e , S pid er S olit a ir e , S udoku , a nd it s c a sin o-s ty le g am es s u ch
a s P O P! S lo ts , m yV EG AS S lo ts , m yV EG AS B la ckja ck, m yK O NAM I S lo ts , a nd m yV EG AS
B in go. T he m yV IP lo ya lt y p la tfo rm o ffe rs it s m em bers th e r ic h est r e w ard s in g am in g a nd
e nable s th em to e arn r e al- w orld r e w ard s fr o m a g lo bal c o lle ctio n o f ic o nic h osp it a lit y ,
e nte rta in m ent, a nd le is u re b ra nds. p la yA W AR DS p artn ers in clu de M GM R eso rts
In te rn atio nal, N orw egia n C ru is e L in es, R oya l C arib bean C ru is e L in es, V ir g in V oya ges,
T opgolf , a nd C ir q ue d u S ole il, a m ong o th ers . F ounded b y a te am o f v e te ra n g am in g,
h osp it a lit y , a nd te ch nolo gy e ntr e pre neurs , P LA YSTU DIO S a pps c o m bin e th e b est e le m ents
o f p opula r c a su al g am es w it h c o m pellin g r e al- w orld b enefit s . T o le arn m ore a bout
P LA YSTU DIO S, v is it p la ystu dio s.c o m .
P erfo rm an ce In dic ato rs
W e m anage o ur b usin ess b y r e gula rly r e vie w in g s e ve ra l k e y o pera tin g m etr ic s to tr a ck
h is to ric a l p erfo rm ance , id entif y tr e nds in p la ye r a ctiv it y , a nd s e t s tr a te gic g oals fo r th e fu tu re .
O ur k e y p erfo rm ance m etr ic s a re im pacte d b y s e ve ra l fa cto rs th at c o uld c a use th em to
flu ctu ate o n a q uarte rly b asis , s u ch a s p la tfo rm p ro vid ers ’ p olic ie s, s e aso nalit y , p la ye r
co nnectiv it y , a nd th e a ddit io n o f n ew c o nte nt to g am es. W e b elie ve th ese m easu re s a re
u se fu l to in ve sto rs fo r th e s a m e r e aso ns. T he k e y p erfo rm ance in dic a to rs m ay d if fe r fr o m
sim ila rly tit le d m easu re s p re se nte d b y o th er c o m panie s. F or m ore in fo rm atio n o n o ur k e y
p erfo rm ance in dic a to rs , p le ase r e fe r to th e d efin it io ns b elo w a nd th e “ S upple m enta l D ata —
p la yG AM ES K ey P erfo rm ance In dic a to rs ” a nd “ S upple m enta l D ata — pla yA W AR DS K ey
P erfo rm ance In dic a to rs ” s e ctio ns o f th is p re ss r e le ase .
A ve ra ge D aily A ctiv e U se rs ( “A ve ra ge D AU ”)
: D aily A ctiv e U se rs ( ” D AU “) is d efin ed a s th e

n um ber o f in div id uals w ho p la ye d a g am e o n a p artic u la r d ay. F or T etr is a nd o ur fr e e-to -p la y
so cia l c a sin o g am es, w e tr a ck D AU b y th e p la ye r ID , w hic h is a ssig ned fo r e ach g am e
in sta lle d b y a n in div id ual. A s s u ch , a n in div id ual w ho p la ys tw o o f th ese g am es o n th e s a m e
d ay is c o unte d a s tw o D AU w hile a n in div id ual w ho p la ys th e s a m e g am e o n tw o d if fe re nt
d evic e s is c o unte d a s o ne D AU . F or o ur B ra in iu m s u it e o f c a su al g am es, w e tr a ck D AU b y
a pp in sta nce ID , w hic h is a ssig ned to e ach in sta lla tio n o f a g am e o n a p artic u la r d evic e . A s
su ch , a n in div id ual w ho p la ys tw o d if fe re nt B ra in iu m g am es o n th e s a m e d ay is c o unte d a s
tw o D AU a nd a n in div id ual w ho p la ys th e s a m e B ra in iu m g am e o n tw o d if fe re nt d evic e s is
a ls o c o unte d a s tw o D AU . T he te rm ” A ve ra ge D AU ” is d efin ed a s th e a ve ra ge o f th e D AU ,
d ete rm in ed a s d escrib ed a bove , fo r e ach d ay d urin g th e p erio d p re se nte d. W e u se D AU a nd
A ve ra ge D AU a s m easu re s o f a udie nce e ngagem ent to h elp u s u nders ta nd th e s iz e o f th e
a ctiv e p la ye r b ase e ngaged w it h o ur g am es o n a d aily b asis .
A ve ra ge M onth ly A ctiv e U se rs ( “A ve ra ge M AU ”)
: M onth ly A ctiv e U se rs ( ” M AU “) is d efin ed a s
th e n um ber o f in div id uals w ho p la ye d a g am e in a p artic u la r m onth . A s w it h D AU , a n
in div id ual w ho p la ys tw o d if fe re nt n on-B ra in iu m g am es in th e s a m e m onth is c o unte d a s tw o
M AU w hile a n in div id ual w ho p la ys th e s a m e n on-B ra in iu m g am e o n tw o d if fe re nt d evic e s is
co unte d a s o ne M AU , a nd a n in div id ual w ho p la ys tw o d if fe re nt B ra in iu m g am es o n th e
sa m e m onth is c o unte d a s tw o M AU w hile a n in div id ual w ho p la ys th e s a m e B ra in iu m g am e
o n tw o d if fe re nt d evic e s is a ls o c o unte d a s tw o M AU . T he te rm ” A ve ra ge M AU ” is d efin ed a s
th e a ve ra ge o f th e M AU , d ete rm in ed a s d escrib ed a bove , fo r e ach c a le ndar m onth d urin g
th e p erio d p re se nte d. W e u se M AU a nd A ve ra ge M AU a s m easu re s o f a udie nce
e ngagem ent to h elp u s u nders ta nd th e s iz e o f th e a ctiv e p la ye r b ase e ngaged w it h o ur
g am es o n a m onth ly b asis .
B eca use D AU a nd M AU a re c a lc u la te d s e para te ly fo r e ach g am e tit le u sin g p la ye r ID s o r
a pp-in sta nce ID s, a s a pplic a ble , th ese m etr ic s r e fle ct e ngagem ent a t th e tit le le ve l r a th er
th an u niq ue in div id uals a cro ss o ur e ntir e p ortfo lio . A cco rd in gly , a s in gle in div id ual m ay b e
co unte d m ult ip le tim es if th ey e ngage w it h m ult ip le g am es. In a ddit io n, th ese m etr ic s a re
d eriv e d fr o m a c o m bin atio n o f in te rn al tr a ckin g s yste m s a nd th ir d -p arty p la tfo rm d ata , w hic h
m ay b e s u bje ct to te ch nic a l lim it a tio ns, d ata d is cre pancie s, o r c h anges in p la tfo rm r e portin g
m eth odolo gie s.
A ve ra ge D aily P ayin g U se rs ( “A ve ra ge D PU ”)
: D aily P ayin g U se rs ( ” D PU “) is d efin ed a s th e
n um ber o f in div id uals w ho m ade a p urc h ase o f v ir tu al c u rre ncy o r d ig it a l it e m s w it h in a g am e
d urin g a p artic u la r d ay. A s w it h D AU a nd M AU , w e tr a ck D PU b ase d o n a cco unt a ctiv it y . A s
su ch , a n in div id ual w ho m ake s a p urc h ase in tw o d if fe re nt g am es in a p artic u la r d ay is
co unte d a s tw o D PU w hile a n in div id ual w ho m ake s p urc h ase s in th e s a m e g am e o n tw o
d if fe re nt d evic e s is c o unte d a s o ne D PU . T he te rm ” A ve ra ge D PU ” is d efin ed a s th e a ve ra ge
o f th e D PU , d ete rm in ed a s d escrib ed a bove , fo r e ach d ay d urin g th e p erio d p re se nte d. W e
u se D PU a nd A ve ra ge D PU to h elp u s u nders ta nd th e s iz e o f o ur a ctiv e p la ye r b ase th at
m ake s in -g am e p urc h ase s a nd to a sse ss m onetiz a tio n tr e nds w it h in o ur a ctiv e p la ye r b ase .
C onsis te nt w it h D AU a nd M AU , D PU is c a lc u la te d a t th e g am e le ve l a nd m ay r e fle ct m ult ip le
p urc h ase s b y a s in gle in div id ual a cro ss d if fe re nt tit le s.
D aily P aye r C onve rs io n
: D aily P aye r C onve rs io n is d efin ed a s D PU a s a p erc e nta ge o f D AU
o n a p artic u la r d ay. D aily P aye r C onve rs io n is a ls o s o m etim es r e fe rre d to a s ” P erc e nta ge o f
P ayin g U se rs ” o r ” P PU “. T he te rm ” A ve ra ge D aily P aye r C onve rs io n” is d efin ed a s th e
A ve ra ge D PU d iv id ed b y A ve ra ge D AU fo r a g iv e n p erio d. W e u se D aily P aye r C onve rs io n

a nd A ve ra ge D aily P aye r C onve rs io n to h elp u s u nders ta nd th e m onetiz a tio n o f o ur a ctiv e
p la ye rs .
A ve ra ge D aily R eve nue P er D AU ( “A R PD AU ”)
: A R PD AU is d efin ed fo r a g iv e n p erio d a s th e
a ve ra ge d aily r e ve nue p er A ve ra ge D AU , a nd is c a lc u la te d a s g am e-re la te d r e ve nue a nd
a dve rtis in g r e ve nue a ttr ib uta ble to th e a pplic a ble p erio d, d iv id ed b y th e n um ber o f d ays in
th e p erio d, d iv id ed b y th e A ve ra ge D AU d urin g th e p erio d. W e u se A R PD AU a s a m easu re
o f o ve ra ll m onetiz a tio n o f o ur a ctiv e p la ye rs . A R PD AU m ay flu ctu ate b ase d o n c h anges in
p ric in g, p la ye r m ix , a dve rtis in g d em and, a nd p ro m otio nal a ctiv it y .
p la yA W ARDS P la tfo rm M etr ic s
A va ila ble R ew ard s
: A va ila ble R ew ard s is d efin ed a s th e m onth ly a ve ra ge n um ber o f u niq ue
re w ard s a va ila ble in o ur a pplic a tio ns’ r e w ard s s to re s. A r e w ard a ppearin g in m ore th an o ne
a pplic a tio n’s r e w ard s to re is c o unte d o nly o nce . A r e w ard is c o unte d o nly o nce ir re sp ectiv e
o f th e in ve nto ry a va ila ble th ro ugh th at r e w ard . F or e xa m ple , o ne r e w ard fo r a fr e e n ig ht in a
h ote l r o om w it h te n r o om s a va ila ble fo r s u ch fr e e n ig ht is c o unte d a s o ne r e w ard . A va ila ble
R ew ard s o nly in clu de r e al- w orld p artn er r e w ard s a nd e xclu de P LA YSTU DIO S d ig it a l
re w ard s. W e u se A va ila ble R ew ard s a s a m easu re o f th e v a lu e a nd p ote ntia l im pact o f th e
p ro gra m fo r a n in te re ste d p la ye r. W e u se A va ila ble R ew ard s a s o ne in dic a to r o f th e b re adth
o f o ur lo ya lt y o ffe rin g.
P urc h ase s
: P urc h ase s is d efin ed a s th e to ta l n um ber o f r e w ard s p urc h ase d fo r th e p erio d
id entif ie d in w hic h a p la ye r e xch anges lo ya lt y p oin ts fo r a r e w ard . P urc h ase s a re n et o f
re fu nds. P urc h ase s o nly in clu de p urc h ase s o f r e al- w orld p artn er r e w ard s a nd e xclu de a ny
P LA YSTU DIO S d ig it a l r e w ard s. P urc h ase s a re r e deem ed b y th e p la ye r d ir e ctly w it h th e
re w ard s p artn er w it h in th e s p ecif ie d te rm s a nd c o ndit io ns o f th e r e w ard . T he C om pany d oes
n ot r e co gniz e r e ve nue fr o m P urc h ase s, a s p la ye rs r e deem lo ya lt y p oin ts r a th er th an m akin g
ca sh p aym ents . W e u se P urc h ase s a s a m easu re o f a udie nce in te re st a nd e ngagem ent w it h
o ur p la yA W AR DS p la tfo rm .
R eta il V alu e o f D aily R ew ard s In ve nto ry
: R eta il V alu e o f D aily R ew ard s In ve nto ry is d efin ed
a s th e c u m ula tiv e r e ta il v a lu e o f a ll r e w ard s lis te d a s a va ila ble fo r th e p erio d d iv id ed b y th e
n um ber d ays in th e p erio d. F or r e w ard s w it h u nlim it e d in ve nto ry , th e m axim um o f n um ber o f
re w ard s u se d in th e c a lc u la tio n is 5 0. T he r e ta il v a lu e o f e ach r e w ard lis te d a s a va ila ble is
th e r e ta il v a lu e a s s p ecif ie d b y th e r e w ard s p artn er u pon c re atio n o f th e r e w ard . R eta il V alu e
o f D aily R ew ard s In ve nto ry o nly in clu des th e r e ta il v a lu e o f r e al- w orld p artn er r e w ard s a nd
e xclu des th e c o st o f a ny P LA YSTU DIO S b ra nded m erc h andis e . W e u se R eta il V alu e o f
D aily R ew ard s In ve nto ry to h elp u s u nders ta nd th e r e al- w orld v a lu e o f th e r e w ard s w it h in o ur
p la yA W AR DS p la tfo rm .
U se o f N on-G AAP F in an cia l M easu re s
T his p re ss r e le ase in clu des c e rta in n on-G AAP fin ancia l m easu re s, in clu din g C onso lid ate d
A EBIT D A. T hese m easu re s a re in te nded to s u pple m ent, a nd s h ould n ot b e c o nsid ere d in
is o la tio n fr o m , o r a s a s u bstit u te fo r, th e C om pany’s G AAP r e su lt s . A r e co ncilia tio n o f th e
n on-G AAP m easu re s to th e m ost d ir e ctly c o m para ble G AAP m easu re s is in clu ded in th e
a cco m panyin g fin ancia l ta ble s.
T o p ro vid e in ve sto rs w it h in fo rm atio n in a ddit io n to r e su lt s a s d ete rm in ed b y G AAP, th e

C om pany d is clo se s C onso lid ate d A dju ste d E arn in gs B efo re In te re st T axe s D epre cia tio n a nd
A m ortiz a tio n ( “C onso lid ate d A EBIT D A”) a s a n on-G AAP m easu re th at m anagem ent b elie ve s
p ro vid es u se fu l in fo rm atio n to in ve sto rs . T his m easu re is n ot a fin ancia l m easu re c a lc u la te d
in a cco rd ance w it h G AAP a nd s h ould n ot b e c o nsid ere d a s a s u bstit u te fo r r e ve nue, n et
in co m e o r a ny o th er o pera tin g p erfo rm ance m easu re c a lc u la te d in a cco rd ance w it h G AAP.
W e d efin e C onso lid ate d A EBIT D A a s n et in co m e ( lo ss) b efo re in te re st, in co m e ta xe s,
d epre cia tio n a nd a m ortiz a tio n, r e str u ctu rin g a nd r e la te d c o sts ( c o nsis tin g p rim arily o f
se ve ra nce a nd o th er r e str u ctu rin g r e la te d c o sts ), s to ck-b ase d c o m pensa tio n e xp ense , a nd
o th er in co m e a nd e xp ense it e m s ( in clu din g s p ecia l in fr e quent it e m s, fo re ig n c u rre ncy g ain s
a nd lo sse s, a nd o th er n on-c a sh it e m s). W e a ls o p re se nt C onso lid ate d A EBIT D A M arg in , a
n on-G AAP m easu re , w hic h w e c a lc u la te a s C onso lid ate d A EBIT D A a s a p erc e nta ge o f n et
re ve nue.
W e b elie ve th at th e p re se nta tio n o f C onso lid ate d A EBIT D A p ro vid es u se fu l in fo rm atio n to
in ve sto rs r e gard in g th e C om pany’s r e su lt s o f o pera tio ns b eca use th e m easu re a ssis ts b oth
in ve sto rs a nd m anagem ent in a naly zin g a nd b ench m ark in g th e p erfo rm ance a nd v a lu e o f
o ur b usin ess. C onso lid ate d A EBIT D A p ro vid es a n in dic a to r o f p erfo rm ance th at is n ot
a ffe cte d b y flu ctu atio ns in c e rta in c o sts o r o th er it e m s. A cco rd in gly , m anagem ent b elie ve s
th at th is m easu re is u se fu l fo r c o m parin g g enera l o pera tin g p erfo rm ance fr o m p erio d to
p erio d, a nd m anagem ent r e lie s o n th is m easu re fo r p la nnin g a nd fo re ca stin g o f fu tu re
p erio ds. A ddit io nally , th is m easu re a llo w s m anagem ent to c o m pare r e su lt s w it h th ose o f
o th er c o m panie s th at h ave d if fe re nt fin ancin g a nd c a pit a l s tr u ctu re s. H ow eve r, o th er
co m panie s m ay d efin e C onso lid ate d A EBIT D A d if fe re ntly , a nd a s a r e su lt , o ur m easu re o f
C onso lid ate d A EBIT D A m ay n ot b e d ir e ctly c o m para ble to th at o f o th er c o m panie s. F or
fu rth er in fo rm atio n r e gard in g th ese n on-G AAP m easu re s, in clu din g th e r e co ncilia tio n o f
th ese n on-G AAP fin ancia l m easu re s to th eir m ost d ir e ctly c o m para ble G AAP fin ancia l
m easu re s, p le ase r e fe r to th e “ R eco ncilia tio n o f N et L oss to C onso lid ate d A EBIT D A” s e ctio n
o f th is p re ss r e le ase .
F orw ard -L ookin g S ta te m en ts
T his p re ss r e le ase c o nta in s fo rw ard -lo okin g s ta te m ents w it h in th e m eanin g o f th e P riv a te
S ecu rit ie s L it ig atio n R efo rm A ct o f 1 995. T hese fo rw ard -lo okin g s ta te m ents in clu de, b ut a re
n ot lim it e d to , s ta te m ents r e gard in g th e C om pany’s b usin ess s tr a te gy, s tr a te gic in it ia tiv e s,
a nd tr a nsa ctio ns; c a pit a l a llo ca tio n p rio rit ie s, in clu din g s h are r e purc h ase s; p ro duct
d eve lo pm ent a nd la unch es; s w eepsta ke s a nd p ro m otio nal g am in g o pportu nit ie s; r e gula to ry
d eve lo pm ents ; a rtif ic ia l in te llig ence in it ia tiv e s; a nd fu tu re fin ancia l a nd o pera tin g
p erfo rm ance . T hese s ta te m ents a re b ase d o n c u rre nt e xp ecta tio ns a nd a ssu m ptio ns a nd
in vo lv e r is ks a nd u nce rta in tie s th at c o uld c a use a ctu al r e su lt s to d if fe r m ate ria lly fr o m th ose
e xp re sse d o r im plie d b y s u ch s ta te m ents . F acto rs th at c o uld c a use a ctu al r e su lt s to d if fe r
m ate ria lly in clu de, a m ong o th ers , c h anges in m ark e t c o ndit io ns; c o m petit iv e c o ndit io ns; th e
C om pany’s a bilit y to e xe cu te it s s tr a te gic in it ia tiv e s; th e p erfo rm ance o f e xis tin g a nd n ew
p ro ducts ; c o nsu m er d em and; u se r a cq uis it io n a nd r e te ntio n; c h anges in la w s, r e gula tio ns,
a nd p la tfo rm p olic ie s, in clu din g th ose r e la tin g to s w eepsta ke s a nd p ro m otio nal g am in g; a nd
th e o th er r is ks a nd u nce rta in tie s d escrib ed in th e C om pany’s filin gs w it h th e S ecu rit ie s a nd
E xch ange C om mis sio n. T he C om pany u nderta ke s n o o blig atio n to u pdate a ny fo rw ard –
lo okin g s ta te m ents , e xce pt a s r e quir e d b y la w .

PLA YSTU DIO S, IN C.
CO NDEN SED C O NSO LID ATE D S TA TE M EN T O F O PER ATIO NS
(U naudit e d a nd in th ousa nds, e xce pt p er s h are d ata )

Thre e M onth s E nded J u ne 3 0,
Six M onth s E nded J u ne 3 0,
2026

2025

2026

2025

Net r e ve nue
$ 54,9 92
$ 59,3 38
$ 113,4 02
$ 122,0 47

O pera tin g e xp ense s:

Cost o f r e ve nue
(1 )
10,8 21
14,5 63
22,8 66
30,3 42

Sellin g a nd m ark e tin g
15,3 23
13,1 08
36,3 48
26,2 77

Rese arc h a nd d eve lo pm ent
15,1 45
14,2 14
29,8 69
27,8 88

Genera l a nd a dm in is tr a tiv e
8,7 54
11,3 45
18,1 90
23,2 06

Depre cia tio n a nd a m ortiz a tio n
9,7 09
9,5 35
19,5 42
19,1 67

Restr u ctu rin g a nd r e la te d
4,7 89

60

9,4 41

1,3 95

Tota l o pera tin g c o sts a nd e xp ense s
64,5 41

62,8 25

136,2 56

128,2 75

Loss fr o m o pera tio ns
(9 ,5 49
)
(3 ,4 87
)
(2 2,8 54
)
(6 ,2 28
)
O th er in co m e ( e xp ense ), n et:

Change in fa ir v a lu e o f c o ntin gent
co nsid era tio n
(2 ,4 80
) 169
300
(1 56
)
In te re st in co m e, n et
634
946
1,3 56
1,8 52

Oth er lo ss, n et
(3 97
)
(3 67
)
(6 60
)
(7 39
)
Tota l o th er ( lo ss) in co m e, n et
(2 ,2 43
)
748

996

957

Loss b efo re in co m e ta xe s
(1 1,7 92
) (2 ,7 39
) (2 1,8 58
) (5 ,2 71
)
In co m e ta x e xp ense
(1 ,4 82
)
(2 09
)
(2 ,0 92
)
(5 57
)
Net lo ss
$ (1 3,2 74
)
$ (2 ,9 48
)
$ (2 3,9 50
)
$ (5 ,8 28
)

Net lo ss p er s h are a ttr ib uta ble to C la ss A a nd
Cla ss B c o m mon s to ckh old ers :

Basic
$ (0 .1 0
) $ (0 .0 2
) $ (0 .1 9
) $ (0 .0 5
)
Dilu te d
$ (0 .1 0
) $ (0 .0 2
) $ (0 .1 9
) $ (0 .0 5
)
W eig hte d a ve ra ge s h are s o f c o m mon s to ck
outs ta ndin g:

Basic
127,6 17
125,4 48
127,6 38
125,3 51

Dilu te d
127,6 17
125,4 48
127,6 38
125,3 51

(1 )
Am ounts e xclu de d epre cia tio n a nd a m ortiz a tio n.

PLA YSTU DIO S, IN C.
CO NDEN SED C O NSO LID ATE D B ALA NCE S H EETS
(U naudit e d a nd in th ousa nds, e xce pt p ar v a lu e a m ounts )

Ju ne 3 0,
2026
Decem ber 3 1,
2025
ASSETS

Curre nt a sse ts :

Cash a nd c a sh e quiv a le nts
$ 102,6 69
$ 104,9 35

Rece iv a ble s, n et
21,9 38
22,8 18

Pre paid e xp ense s a nd o th er c u rre nt a sse ts
5,7 44

7,0 18

Tota l c u rre nt a sse ts
130,3 51
134,7 71

Pro perty a nd e quip m ent, n et
11,6 55
13,4 26

Opera tin g le ase r ig ht- o f- u se a sse ts
4,6 16
7,5 33

In ta ngib le a sse ts a nd in te rn al- u se s o ftw are , n et
66,3 93
76,4 30

Goodw ill
52,2 22
52,2 22

Defe rre d in co m e ta xe s
4,1 15
4,1 40

Oth er lo ng-te rm a sse ts
1,7 87

2,0 96

Tota l n on-c u rre nt a sse ts
140,7 88

155,8 47

Tota l a sse ts
$ 271,1 39

$ 290,6 18

LIA BIL IT IE S A ND S TO CKHO LD ER S’ E Q UIT Y

Curre nt lia bilit ie s:

Acco unts p aya ble
8,1 21
7,8 08

Opera tin g le ase lia bilit ie s, c u rre nt
3,1 96
3,6 56

Min im um g uara nte e lia bilit y , c u rre nt
7,4 25
9,4 69

Contin gent c o nsid era tio n, c u rre nt
3,0 62
5,5 61

Accru ed a nd o th er c u rre nt lia bilit ie s
21,7 37

16,6 84

Tota l c u rre nt lia bilit ie s
43,5 41
43,1 78

Opera tin g le ase lia bilit ie s, n oncu rre nt
2,2 55
4,0 70

Min im um g uara nte e lia bilit y , n oncu rre nt
12,0 00
12,0 00

Contin gent c o nsid era tio n, n oncu rre nt
4,9 46
2,7 47

Defe rre d in co m e ta xe s
701

617

Oth er lo ng-te rm lia bilit ie s
—
140

Tota l n on-c u rre nt lia bilit ie s
19,9 02

19,5 74

Tota l lia bilit ie s
$ 63,4 43

$ 62,7 52

Sto ckh old ers ’ e quit y :

Pre fe rre d s to ck, $ 0.0 001 p ar v a lu e ( 1 00,0 00 s h are s a uth oriz e d, n o s h are s is su ed a nd
outs ta ndin g a s o f J u ne 3 0, 2 026 a nd D ece m ber 3 1, 2 025)
— —
Cla ss A c o m mon s to ck, $ 0.0 001 p ar v a lu e ( 2 ,0 00,0 00 s h are s a uth oriz e d, 1 33,8 34 a nd
131,8 23 s h are s is su ed, a nd 1 09,2 44 a nd 1 10,0 84 s h are s o uts ta ndin g a s o f J u ne 3 0, 2 026
and D ece m ber 3 1, 2 025, r e sp ectiv e ly )
11
11

Cla ss B c o m mon s to ck, $ 0.0 001 p ar v a lu e ( 2 5,0 00 s h are s a uth oriz e d, a nd 1 6,4 57 a nd
16,4 57 s h are s is su ed a nd o uts ta ndin g a s o f J u ne 3 0, 2 026 a nd D ece m ber 3 1, 2 025,
re sp ectiv e ly .
2 2
Addit io nal p aid -in c a pit a l
345,2 50
340,8 02

Accu m ula te d d efic it
(8 3,9 13
) (5 9,9 63
)
Accu m ula te d o th er c o m pre hensiv e in co m e
2,6 95
1,8 06

Tre asu ry s to ck, a t c o st, 2 4,5 90 a nd 2 1,7 39 s h are s a t J u ne 3 0, 2 026 a nd D ece m ber 3 1,
2025, r e sp ectiv e ly
(5 6,3 49
)
(5 4,7 92
)
Tota l s to ckh old ers ’ e quit y
207,6 96

227,8 66

Tota l lia bilit ie s a nd s to ckh old ers ’ e quit y
$ 271,1 39

$ 290,6 18

PLA YSTU DIO S, IN C.
CO NSO LID ATE D S TA TE M EN TS O F C ASH F LO W S
(u nau dit e d , in t h ousan ds)

Six M onth s E nded
Ju ne 3 0,
2026

2025

Cash f lo w s f r o m o pera tin g a ctiv it ie s:
9,3 56
16,9 42

Cash f lo w s f r o m in vestin g a ctiv it ie s:

Purc h ase o f p ro perty a nd e quip m ent
(2 71
) (5 30
)
Addit io ns to in te rn al- u se s o ftw are
(7 ,6 24
) (7 ,4 59
)
Oth er
(7 0
)
(4 1
)
Net c a sh u se d in in ve stin g a ctiv it ie s
(7 ,9 65
) (8 ,0 30
)
Cash f lo w s f r o m f in an cin g a ctiv it ie s:

Pro ce eds fr o m s to ck o ptio n e xe rc is e s
— 122

Paym ents fo r ta x w it h hold in g o f s to ck-b ase d c o m pensa tio n
(5 33
) (1 ,5 53
)
Paym ent o f m in im um g uara nte e lia bilit ie s
(1 ,3 97
) (2 ,0 80
)
Repurc h ase s o f tr e asu ry s to ck
(1 ,5 57
)
(3 ,4 50
)
Net c a sh u se d in fin ancin g a ctiv it ie s
(3 ,4 87
)
(6 ,9 61
)
Fore ig n c u rre ncy tr a nsla tio n
(1 64
)
1,1 36

Net c h ange in c a sh , c a sh e quiv a le nts , a nd r e str ic te d c a sh
(2 ,2 60
)
3,0 87

Cash , c a sh e quiv a le nts , a nd r e str ic te d c a sh a t b egin nin g o f p erio d
105,5 55

110,3 86

Cash , c a sh e quiv a le nts , a nd r e str ic te d c a sh a t e nd o f p erio d
$ 103,2 95

$ 113,4 73

PLA YSTU DIO S, IN C.
REC O NCIL IA TIO N O F N ET L O SS T O C O NSO LID ATE D A EB IT D A
(U naudit e d a nd in th ousa nds, e xce pt p erc e nta ges)

The fo llo w in g ta ble s e ts fo rth th e r e co ncilia tio n o f n et lo ss a nd n et lo ss m arg in to C onso lid ate d A EBIT D A a nd C onso lid ate d A EBIT D A
M arg in , r e sp ectiv e ly , w hic h w e c a lc u la te a s C onso lid ate d A EBIT D A a s a p erc e nta ge o f n et r e ve nue. N et lo ss a nd n et lo ss m arg in a re
th e m ost d ir e ctly c o m para ble G AAP m easu re s.

​ Thre e M onth s E nded J u ne 3 0,
Six M onth s E nded J u ne 3 0,
​ 2026

​ 2025

2026

​ 2025

Reve nue
$ 54,9 92
$ 59,3 38
$ 113,4 02
$ 122,0 47

Net lo ss
$ (1 3,2 74
) $ (2 ,9 48
) $ (2 3,9 50
) $ (5 ,8 28
)
Net lo ss m arg in
(2 4.1
)%
(5 .0
)%
(2 1.1
)%
(4 .8
)%
Adju stm ents :

Depre cia tio n & a m ortiz a tio n
9,7 09
9,5 35
19,5 42
19,1 67

In co m e ta x e xp ense
1,4 82
209
2,0 92
557

Sto ck-b ase d c o m pensa tio n e xp ense
2,3 54
4,6 08
4,7 38
8,8 66

Change in fa ir v a lu e o f c o ntin gent
co nsid era tio n
2,4 80
(1 69
) (3 00
) 156

Restr u ctu rin g a nd r e la te d
(1 )
4,7 89
60
9,4 41
1,3 95

Oth er, n et
(2 )
(2 37
) (5 81
)
(6 89
) (1 ,1 12
)
Conso lid ate d A EBIT D A
7,3 03
10,7 14

10,8 74
23,2 01

Conso lid ate d A EBIT D A M arg in
13.3
% 18.1
% 9.6
% 19.0
%
(1 )
Am ounts r e porte d d urin g th e th re e a nd s ix m onth s e nded J u ne 3 0, 2 026 a nd J u ne 3 0, 2 025 r e la te to in te rn al r e org aniz a tio n c o sts ,
in clu din g s e ve ra nce -re la te d c o sts , fe es r e la te d to e va lu atin g v a rio us m erg er a nd a cq uis it io n o pportu nit ie s, a nd n on-re cu rrin g le gal
co sts .
(2 )
Am ounts r e porte d in “ O th er, n et” in clu de th e c h ange in fa ir v a lu e o f w arra nt lia bilit ie s, in te re st e xp ense , in te re st in co m e,
gain s/lo sse s fr o m e quit y in ve stm ents , fo re ig n c u rre ncy g ain s/lo sse s, a nd n on-c a sh g ain s/lo sse s o n th e d is p osa l o f a sse ts .

PLA YSTU DIO S, IN C.
SU PPLE M EN TA L D ATA – S EG M EN T IN FO RM ATIO N
(U naudit e d a nd in th ousa nds, e xce pt p erc e nta ges)

The fo llo w in g ta ble s e ts fo rth th e fin ancia l d ata fo r o ur r e porta ble s e gm ents :

Thre e M onth s E nded J u ne 3 0, 2 026
Thre e M onth s E nded J u ne 3 0, 2 025
pla yG AM ES
pla yA W ARDS
Tota l
pla yG AM ES
pla yA W ARDS
Tota l
Net r e ven ue

Vir tu al c u rre ncy
$ 41,8 86
$ 781
$ 42,6 67
$ 47,9 81
$ 227
$ 48,2 08

Adve rtis in g
12,3 16
— 12,3 16
11,1 28
— 11,1 28

Oth er
—
9
9
—
2
2
54,2 02
790
54,9 92
59,1 09
229
59,3 38

Seg m en t e xp en ses

Cost o f s a le s
10,7 43
78
10,8 21
14,5 39
24
14,5 63

Payro ll & r e la te d
10,0 71
1,2 79
11,3 50
9,0 79
1,4 53
10,5 32

Use r a cq uis it io n
11,8 06
— 11,8 06
9,0 66
— 9,0 66

Oth er
10,1 09
362

10,4 71

9,9 50
1,1 38

11,0 88

42,7 29
1,7 19
44,4 48
42,6 34
2,6 15
45,2 49

Rep orta b le s eg m en t A EB IT D A
$ 11,4 73
$ (9 29
) $ 10,5 44
$ 16,4 75
$ (2 ,3 86
) $ 14,0 89

O th er o pera tin g e xp en se

Corp ora te a nd o th er
3,2 41
3,3 75

Restr u ctu rin g e xp ense s
4,7 89
60

Oth er r e co ncilin g it e m s
— (2
)
Sto ck-b ase d c o m pensa tio n
2,3 54
4,6 08

Depre cia tio n a nd a m ortiz a tio n
9,7 09

9,5 35

20,0 93
17,5 76

Non-o pera tin g in co m e ( e xp en se)

Change in fa ir v a lu e o f c o ntin gent
co nsid era tio n
(2 ,4 80
) 169

In te re st in co m e, n et
634
946

Oth er e xp ense
(3 97
)
(3 67
)
(2 ,2 43
) 748

Loss b efo re in co m e ta xe s
(1 1,7 92
) (2 ,7 39
)
In co m e ta x e xp ense
(1 ,4 82
)
(2 09
)
Net lo ss
$ (1 3,2 74
)
$ (2 ,9 48
)

Six M onth s E nded J u ne 3 0, 2 026
Six M onth s E nded J u ne 3 0, 2 025
pla yG AM ES
pla yA W ARDS
Tota l
pla yG AM ES
pla yA W ARDS
Tota l
Net r e ven ue

Vir tu al c u rre ncy
$ 86,5 91
$ 1,3 24
$ 87,9 15
$ 98,6 73
$ 375
$ 99,0 48

Adve rtis in g
25,4 73
— 25,4 73
22,9 91
— 22,9 91

Oth er
—
14

14

—
8
8
112,0 64
1,3 38
113,4 02
121,6 64
383
122,0 47

Seg m en t e xp en ses

Cost o f s a le s
22,7 34
132
22,8 66
30,3 02
40
30,3 42

Payro ll & r e la te d
20,0 82
2,7 67
22,8 49
18,2 54
3,0 20
21,2 74

Use r a cq uis it io n
28,4 99
— 28,4 99
19,2 23
— 19,2 23

Oth er
20,6 03
860

21,4 63

19,1 01
1,9 98

21,0 99

91,9 18
3,7 59
95,6 77
86,8 80
5,0 58
91,9 38

Rep orta b le s eg m en t A EB IT D A
$ 20,1 46
$ (2 ,4 21
) $ 17,7 25
$ 34,7 84
$ (4 ,6 75
) $ 30,1 09

O th er o pera tin g e xp en se

Corp ora te a nd o th er
6,8 51
6,9 08

Restr u ctu rin g e xp ense s
9,4 41
1,3 95

Oth er r e co ncilin g it e m s
7 1
Sto ck-b ase d c o m pensa tio n
4,7 38
8,8 66

Depre cia tio n a nd a m ortiz a tio n
19,5 42

19,1 67

40,5 79
36,3 37

Non-o pera tin g in co m e ( e xp en se)

Change in fa ir v a lu e o f c o ntin gent
co nsid era tio n
300
(1 56
)
In te re st in co m e, n et
1,3 56
1,8 52

Oth er e xp ense
(6 60
)
(7 39
)
996
957

Loss b efo re in co m e ta xe s
(2 1,8 58
) (5 ,2 71
)
In co m e ta x e xp ense
(2 ,0 92
)
(5 57
)
Net lo ss
$ (2 3,9 50
)
$ (5 ,8 28
)
PLA YSTU DIO S, IN C.
SU PPLE M EN TA L D ATA – N ET R EVEN UE
(U naudit e d a nd in th ousa nds, e xce pt p erc e nta ges)

The fo llo w in g ta ble s s u m mariz e s th e C om pany’s v ir tu al c u rre ncy r e ve nue d is a ggre gate d b y ty p e a nd b y p la tfo rm :

Thre e M onth s E nded
Ju ne 3 0,
​ Six M onth s E nded
Ju ne 3 0,

2026
2025
Chan ge
%
Chan ge
2026
2025
Chan ge
%
Chan ge
Net r e ven ue

Vir tu al c u rre ncy
$ 42,6 67
$ 48,2 08
$ (5 ,5 41
) (1 1.5
)%
$ 87,9 15
$ 99,0 49
$ (1 1,1 34
) (1 1.2
%)
Adve rtis in g
12,3 16
11,1 28
1,1 88
10.7
% 25,4 74
22,9 91
2,4 83
10.8
%
Oth er r e ve nue
9
2
7
350.0
%
13

7
6
85.7
%
Tota l n et r e ve nue
$ 54,9 92
$ 59,3 38
(4 ,3 46
) (7 .3
%)
$ 113,4 02
$ 122,0 47
$ (8 ,6 45
) (7 .1
%)

Vir tu al c u rre n cy r e ven ue

Thir d p arty p la tfo rm s
$ 27,9 76
$ 41,5 25
(1 3,5 49
) (3 2.6
)%
$ 60,8 21
$ 87,3 95
$ (2 6,5 74
) (3 0.4
%)
Dir e ct- to -c o nsu m er ( D TC )
pla tfo rm s
14,6 91

6,6 83

8,0 08

119.8
%
27,0 94

11,6 54

15,4 40

132.5
%
Tota l v ir tu al c u rre ncy r e ve nue
$ 42,6 67
$ 48,2 08
(5 ,5 41
) (1 1.5
)%
$ 87,9 15
$ 99,0 49
$ (1 1,1 34
) (1 1.2
)%

DTC r e ven ue a s a p erc en ta g e o f
vir tu al c u rre n cy r e ven ue
34.4
% 13.9
% 20.5
% 147.5
% 30.8
% 11.8
% 19.0
% 161.0
%

PLA YSTU DIO S, IN C.
SU PPLE M EN TA L D ATA – P LA YG AM ES K EY P ER FO RM ANCE IN DIC ATO RS
(U naudit e d a nd in th ousa nds, e xce pt p erc e nta ges a nd A R PD AU )

Thre e M onth s E nded
Ju ne 3 0,
​ ​ ​ Six M onth s E nded
Ju ne 3 0,
​ ​ ​
2026

2025

​ Chan ge
​ % C han ge
2026

2025

​ Chan ge
​ % C han ge
Ave ra ge D AU
1,9 03
2,3 47
(4 44
) ​ (1 8.9
)%
1,9 97
2,4 89
(4 92
) (1 9.8
)%
Ave ra ge M AU
7,7 96
10,0 46
(2 ,2 50
) ​ (2 2.4
)%
8,4 58
10,7 30
(2 ,2 72
) (2 1.2
)%
Ave ra ge D PU
19
19
— ​ — % 20
20
— — %
Ave ra ge D aily P aye r C onve rs io n
1.0
% 0.8
% ​ 0.2 p p
​ 25.0
% 1.0
% 0.8
% 0.2 p p
25.0
%
AR PD AU ( in d olla rs )
$ 0.3 2
$ 0.2 8
$ 0.0 4
​ 14.3
% $ 0.3 1
$ 0.2 7
$ 0.0 4
14.8
%
pp = p erc e nta ge p oin ts
​ ​ ​ ​ ​ ​
PLA YSTU DIO S, IN C.
SU PPLE M EN TA L D ATA – P LA YA W ARDS K EY P ER FO RM ANCE IN DIC ATO RS
(U naudit e d a nd in th ousa nds, e xce pt p erc e nta ges a nd A va ila ble R ew ard s)

Thre e M onth s E nded
Ju ne 3 0,
​ ​ Six M onth s E nded
Ju ne 3 0,
​ ​ ​ ​
2026
2025
Chan ge
​ % C han ge
2026
2025
​ Chan ge
​ % C han ge
Ava ila ble R ew ard s ( in u nit s )
353
331
22
6.6
% 340
349
(9
) (2 .6
%)
Purc h ase s ( in u nit s )
168
199
(3 1
) (1 5.6
)%
337
480
(1 43
) (2 9.8
%)
Reta il V alu e o f D aily R ew ard s
In ve nto ry
$ 2,2 55
$ 3,0 60
$ (8 05
) (2 6.3
%)
$ 2,2 14
$ 2,5 32
$ (3 18
) (1 2.6
%)

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