PLAYSTUDIOS to shut Tetris Block Party, books $3.0-3.5M Q3 impairment charge

PLAYSTUDIOS, Inc.

On September 30, 2026, PLAYSTUDIOS decided to cease operation of its product Tetris Block Party; shutdown expected in October 2026.
Company will recognize a non-cash, pre-tax impairment charge of $3.0 million to $3.5 million in Q3 2026 under GAAP.
Charge relates primarily to capitalized internal-use software development costs and acquired technology tied to Tetris Block Party.
Carrying value was deemed not recoverable; remaining useful life of leftover Tetris Block Party assets is being reduced.
Company is also assessing contingent consideration and whether a triggering event requires an interim goodwill impairment review; final figures due in the Sept 30, 2026 Form 10-Q.

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