PLTK — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• Since early 2026, the conflict involving Iran and Israel has intensified into a broader regional confrontation, with Iran and Israel exchanging missile, drone, and air strikes, and with related hostilities also involving Hezbollah in Lebanon, the Houthis in Yemen, and other Iran-aligned groups acros…

• Cost of revenue includes payment processing fees, royalties, customer support, hosting fees and depreciation and amortization expenses associated with assets directly involved in the generation of revenues, including servers and internal use software. Payment processing fees and other related expens…

• charge a transactional payment processing fee of 30% to accept payments from our players for such purchases. We generally expect cost of revenue to fluctuate proportionately with revenues.

• We calculate net income as revenue minus cost of revenues, research and development, sales and marketing and general and administrative expenses, interest and taxes.

• Cost of revenue for the three months ended March 31, 2026 decreased by $5.2 million when compared with the comparable period of 2025. The decrease in cost of revenue was primarily driven by a higher proportion of revenue generated through our direct-to-consumer platforms, which incur lower platform …

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• On October 7, 2023, the State of Israel was attacked by Hamas, and the State of Israel subsequently declared war on Hamas. Since that time, Israel has been engaged in a multi-front armed conflict with combatants located in Gaza, the West Bank, Syria, Iran, Lebanon and Yemen. A temporary ceasefire wa…

• Cost of revenue includes payment processing fees, customer support, hosting fees and depreciation and amortization expenses associated with assets directly involved in the generation of revenues, including servers and internal use software. Platform providers (such as Apple and Google) charge a tran…

• Impairment charge in 2024 reflects an impairment related to one of our investments in unconsolidated entities. We hold certain equity investments in various unconsolidated entities that fall within the scope of ASC 321, Investments - Equity Securities. As permitted within that guidance, we have elec…

• including our financial results and the geographic mix to which they relate, the applicability of special tax regimes, changes in our business or operations, examination-related developments and uncertain tax positions, and changes in tax law.

• We calculate net income as revenue minus cost of revenues, research and development, sales and marketing and general and administrative expenses, impairment charges, interest and taxes.

Text added vs the prior filing · source: 10-Q · 2026-05-07

• We had borrowings outstanding under our Term Loan with book values of $1,790.3 million and $1,793.2 million at March 31, 2026 and December 31, 2025, respectively, which were subject to a weighted average interest rate of 6.552% and 6.879% for the three months ended March 31, 2026 and the year ended …

• As of March 31, 2026, hypothetical 100 basis point increase or decrease in weighted average interest rates under our Term Loan would have increased or decreased our interest expense by $8.1 million over a twelve-month period, including consideration of the impact the hypothetical basis point change …

• We had cash and cash equivalents including restricted cash totaling $780.7 million and $685.7 million as of March 31, 2026 and December 31, 2025, respectively. We also had short-term investments of $136.0 million as of December 31, 2025. Our investment policy and strategy primarily attempts to prese…

• deposits and money market funds. We do not enter into investments for trading or speculative purposes. Changes in rates would primarily impact interest income due to the relatively short-term nature of our investments.

• Our functional currency is the U.S. Dollar and most of our revenues are denominated in U.S. Dollars. However, we have foreign currency risks related to a significant portion of our operating expenses, consisting of headcount related expenses as well as certain other operating expenses, denominated i…

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• We had borrowings outstanding under our Term Loan with book values of $1,796.2 million and $1,805.4 million at September 30, 2025 and December 31, 2024, respectively, which were subject to a weighted average interest rate of 7.20%

• and 8.03% for the nine months ended September 30, 2025 and the year ended December 31, 2024, respectively. There were no borrowings against our Revolving Credit Facility at September 30, 2025 or December 31, 2024.

• A hypothetical 100 basis point increase or decrease in weighted average interest rates under our Term Loan and Revolving Credit Facility would have increased or decreased our interest expense by $8.1 million over a twelve-month period, including consideration of the impact the hypothetical basis poi…

• We had cash and cash equivalents including restricted cash totaling $589.4 million and $567.7 million as of September 30, 2025 and December 31, 2024, respectively. We also had short-term investments of $52.9 million as of September 30, 2025. Our investment policy and strategy primarily attempts to p…

• Our functional currency is the U.S. Dollar and most of our revenues are denominated in U.S. Dollars. However, we have foreign currency risks related to a significant portion of our operating expenses, consisting of headcount related expenses as well as leases and certain other operating expenses, de…

Text added vs the prior filing · source: 10-Q · 2026-05-07

• As required by SEC Rule 13a-15(b), we carried out an evaluation, with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of March 31, 2026, the end of the period covered by this Qua…

• For the quarter ended March 31, 2026, there were no changes in internal control that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

• As required by SEC Rule 13a-15(b), we carried out an evaluation, with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of September 30, 2025, the end of the period covered by this…

• For the quarter ended September 30, 2025, there were no changes in internal control that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.