On September 30, 2026, PLAYSTUDIOS decided to cease operation of its product Tetris Block Party, triggering a non-cash pre-tax impairment charge estimated between $3.0 million and $3.5 million for the third quarter. The company determined that the carrying value of capitalized internal-use software development costs and acquired technology associated with the game was not recoverable. Operations are expected to end in October 2026, with remaining assets having their useful lives reduced accordingly. Management is also evaluating potential impacts on contingent consideration and interim goodwill impairment assessments, which will be finalized in the upcoming quarterly report. PLAYSTUDIOS operates in the social casino gaming industry.
