PLAYSTUDIOS, Inc.MYPS

PLAYSTUDIOS, Inc. Revenue Disclosure

10-KFiled Mar 14, 20251 min read
NOTE 15—REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregation of Revenue
The following table summarizes the Company’s revenue disaggregated by type, and by over time or point in time recognition:
Years Ended December 31,
20242023
Virtual currency (over time)
$228,930 $247,929 
Advertising (point in time)60,197 58,236 
Other revenue (point in time)$302 $4,721 
Total net revenue$289,429 $310,886 
The following table summarizes the Company’s virtual currency revenue disaggregated by platform:
Years Ended December 31,
20242023
Third-party platforms
213,466 236,616 
Direct-to-consumer platforms
15,464 11,313 
Total virtual currency
$228,930 $247,929 
The following table summarizes the Company’s revenue disaggregated by geography:
Years Ended December 31,
20242023
United States$244,184 $265,660 
All other countries45,245 45,226 
Total net revenue$289,429 $310,886 
Contract Balances
Contract assets represent the Company’s ability to bill customers for performance obligations completed under a contract. As of December 31, 2024 and December 31, 2023, contract assets recorded in the Company’s Consolidated Balance Sheets were immaterial. The deferred revenue balance related to the purchase of virtual currency was $0.1 million as of December 31, 2024 and immaterial as of December 31, 2023. The opening and closing balance of trade receivables is further described in Note 6—Receivables, net.

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

Other Available Disclosures

Income TaxesEarnings Per ShareFair ValuePP&EGoodwill & IntangiblesLeasesSegmentsDebtCommitmentsStock CompensationNew Standards