Key insights
7 takeaways · ~3 min read- 01PLAYSTUDIOS, Inc. is a developer and publisher of free-to-play mobile and social casual games, known for titles like POP! Slots, myVEGAS Slots, my KONAMI Slots, myVEGAS Blackjack, and myVEGAS Bingo, all incorporating their playAWARDS loyalty program.
- 02The company changed its name to PLAYSTUDIOS, Inc. following a merger with Acies, where Second Merger Sub became PLAYSTUDIOS US, LLC.
- 03PLAYSTUDIOS utilizes licensed intellectual property from partners such as MGM, Tetris, and Konami Gaming in its games.
- 04Selling and marketing expenses decreased by $2.8 million (4.7%) in 2020 compared to 2019, primarily due to a $4.5 million decrease in player acquisition spend, despite a $2.1 million increase in other marketing expenses.
- 05Cost of revenue increased slightly from 33.5% in 2019 to 33.9% in 2020, driven by increased revenue from virtual currency sales as a percentage of total net revenue.
- 06The Founder Group, including Chairman and CEO Andrew Pascal, holds all Class B common stock, giving them concentrated voting power (20 votes per share compared to 1 vote per Class A share) as of December 31, 2021.
- 07The company's financial statements for the three years ended December 31, 2021, were audited and presented fairly in conformity with GAAP.
Summary
SEC 10-K filing for Playstudios, filed 2022-03-03.
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