PLAYSTUDIOS, Inc.

PLAYSTUDIOS, Inc. will hold its Annual Meeting of Stockholders virtually on July 10, 2026. Key proposals include the election of five directors, the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2026, and an amendment to the Certificate of Incorporation to effect a reverse stock split. The proposed reverse stock split ratio would range from 1-for-10 to 1-for-30, with the exact ratio and timing to be determined by the Board within 12 months following the Annual Meeting. Andrew Pascal, holding approximately 77% of the total voting power, ensures the approval of all proposals.

PLAYSTUDIOS initiated a 2026 Reorganization Plan on March 10, 2026, including a 27% reduction in its global workforce to enhance efficiency and reduce operating expenses. The company expects to incur $4.5 million to $7.0 million in charges related to this plan, with $2.9 million recognized in Q1 2026. For the first quarter, the company reported a net loss of $(10.7) million on net revenue of $58.4 million, compared to a net loss of $(2.9) million on $62.7 million revenue in the prior year.

PLAYSTUDIOS, Inc. announced its first quarter 2026 financial results, reporting a 6.9% decrease in revenue to $58.4 million and a widened net loss of $10.7 million. Consolidated AEBITDA also declined significantly to $3.6 million. Despite the financial pressures on its legacy portfolio, the company highlighted meaningful progress in repositioning for the future, including growth in direct-to-consumer revenue, scaling of Tetris Block Party, and advancements in The Win Zone. PLAYSTUDIOS is also implementing a broader 'Renewal' program expected to generate substantial annualized cost savings and plans to repurchase shares under its existing authorization.

PLAYSTUDIOS, Inc. failed to regain compliance with Nasdaq's $1.00 minimum bid price requirement by the May 4, 2026 deadline. Nasdaq approved the company's application to transfer its listing from the Nasdaq Global Market to the Nasdaq Capital Market, effective May 6, 2026. This transfer grants PLAYSTUDIOS a second 180-calendar-day compliance period, expiring November 2, 2026, to meet the minimum bid price. The company is considering a reverse stock split as a potential option to cure the deficiency.