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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating expenses:          
General and administrative $ 899,486        
Income from operations (899,486)        
Other expense, net:          
Income tax expense 0        
Net income 6,258,699        
Net income attributable to common stockholders:          
Basic 6,246,558        
OLD PlayStudios, Inc.          
Net revenues 74,097,000 $ 58,302,000 $ 269,882,000 $ 239,421,000 $ 195,499,000
Operating expenses:          
Cost of revenue 24,488,000 [1] 19,734,000 [1] 91,469,000 [2] 80,267,000 [2] 66,784,000 [2]
Selling and marketing 17,000,000 11,926,000 57,124,000 59,931,000 54,068,000
General and administrative 4,279,000 5,710,000 16,960,000 16,712,000 19,620,000
Research and development 14,746,000 9,483,000 51,696,000 38,986,000 30,168,000
Depreciation and amortization 6,034,000 5,388,000 22,192,000 25,154,000 16,246,000
Total operating costs and expenses 66,547,000 52,241,000 259,533,000 222,284,000 189,202,000
Income from operations 7,550,000 6,061,000 10,349,000 17,137,000 6,297,000
Other expense, net:          
Interest income (expense), net (42,000) 54,000      
Other expense, net (242,000) (188,000) 929,000 716,000 (227,000)
Total other expense, net (284,000) (134,000) 787,000 452,000 (511,000)
Income before income taxes 7,266,000 5,927,000 11,136,000 17,589,000 5,786,000
Income tax expense (1,348,000) (435,000) 1,671,000 (3,975,000) (2,964,000)
Net income 5,918,000 5,492,000 12,807,000 [3],[4] 13,614,000 [3],[4] 2,822,000 [3],[4]
Net income attributable to common stockholders:          
Basic 1,918,000 [5] 1,654,000 [5] 5,985,000 [6] 6,440,000 [6] 3,367,000 [6]
Diluted $ 2,099,000 [5] $ 1,729,000 [5] $ 6,420,000 [6] $ 6,669,000 [6] $ 3,477,000 [6]
Net income attributable to common stockholders per share:          
Basic $ 0.01 $ 0.01 $ 0.03 $ 0.03 $ 0.01
Diluted $ 0.01 $ 0.01 $ 0.02 $ 0.03 $ 0.01
Weighted average shares of common stock outstanding:          
Basic 239,946 236,367 236,118,856 234,070,277 229,409,649
Diluted 305,007 264,323 283,067,558 255,453,583 248,179,915
[1] Amounts exclude depreciation and amortization.
[2] Amounts exclude depreciation and amortization.
[3] As further discussed in Note 13, a related party held a noncontrolling interest in the Company’s subsidiary, International. As International incurred losses prior to the Company’s purchase of the noncontrolling interest in 2018 and losses of International were not allocable to the noncontrolling interest, net and comprehensive losses of International were not allocated to the noncontrolling interest.
[4] As further discussed in Note 13, a related party held a noncontrolling interest in the Company’s subsidiary, PlayStudios International Limited (“International”). As International incurred losses prior to the Company’s purchase of the noncontrolling interest in 2018 and losses of International were not allocable to the noncontrolling interest, net and comprehensive losses of International were not allocated to the noncontrolling interest.
[5] Refer to Note 17 for determination of net income attributable to common stockholders versus participating preferred stockholders.
[6] Refer to Note 15 for determination of net come attributable to common stockholders versus participating preferred stockholders, including discussion of deemed contributions related to the redemption of preferred NCI and the associated impact on 2018 net income attributable to common stockholders.