Key insights
7 takeaways · ~3 min read- 01As of August 9, 2021, PLAYSTUDIOS had 109,623,364 shares of Class A common stock and 16,130,300 shares of Class B common stock issued and outstanding.
- 02PLAYSTUDIOS, Inc. was incorporated on August 14, 2020, and domesticated into a Delaware corporation on June 21, 2021, following a business combination where Acies Acquisition Corp. was treated as the 'acquired' company.
- 03The company generates revenue through in-game sales of virtual currency and advertising, with games available on platforms like Apple App Store, Google Play Store, Amazon Appstore, and Facebook.
- 04PLAYSTUDIOS reported a tax benefit of $5.8 million for Q2 2021, compared to a tax expense of $3.3 million for Q2 2020, with an effective tax rate of 45.6% of loss before taxes for Q2 2021.
- 05The launch of myVEGAS Bingo in March 2021 contributed to a $2.1 million, or 19.4%, increase in internal-use software costs from H1 2020 to H1 2021.
- 06PLAYSTUDIOS' total minimum guarantee obligations were $400,000 as of June 30, 2021, with $200,000 due in the remainder of 2021 and $200,000 in 2022.
- 07The company's future minimum rental commitments for operating leases total $7,127,000 as of June 30, 2021, with the largest payments in 2021 ($2,342,000) and 2022 ($3,203,000).
Summary
SEC 10-Q filing for Playstudios, filed 2021-08-12.
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