PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Q3 2021 Earnings Conference Call November 11, 2021 5:00 PM ET Company Participants Joel Agena - Vice President, Legal Counsel Andrew Pascal - Co Founder, Chairman and Chief Executive Officer Paul Mathews - Co Founder and Executive Vice President Scott Peterson - Vice President, Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig Hallum Greg Gibas - Northland securities Mike Hickey - The Benchmark Company Matthew Cost - Morgan Stanley Martin Yang - Oppe ...

TABLE OF CONTENTS OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 For transition period from to Commission File Number 001-39652 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 PLAYSTUDIOS, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...

Financial Data and Key Metrics Changes - The company reported revenue of $70.8 million for Q2 2021, with year-to-date revenue increasing by 6.4% to $144.9 million compared to $136.2 million in the same period last year [31] - Adjusted EBITDA for Q2 was $3.4 million, with a year-to-date total of $17.9 million [33] - The cost of sales as a percentage of revenue improved from approximately 34% last year to approximately 32.5% this year [32] - The company expects 2021 revenues to be between $290 million and $300 million, representing a year-over-year growth of roughly 10% at the midpoint [29][37] Business Line Data and Key Metrics Changes - Daily Active Users (DAU) were 1.25 million, and Monthly Active Users (MAU) were 4.3 million, down 3.8% year-over-year but up 15.1% quarter-over-quarter [34] - Average Revenue Per Daily Active User (ARPDAU) was $0.62, up 12.7% year-over-year but down 5% quarter-over-quarter [34] - The payer conversion rate was 2.7%, up approximately 40 basis points year-over-year and down approximately 10 basis points sequentially [34] Market Data and Key Metrics Changes - The company has expanded its loyalty program activity, with purchases returning to pre-COVID levels, totaling 534,000 purchases in the quarter, a 209% increase compared to the same period last year [35] - The myVEGAS Bingo product, launched in late March, scaled to over 100,000 players within a few months, with retention and engagement metrics comparable to long-standing leaders in the category [20] Company Strategy and Development Direction - The company aims to leverage its loyalty model across various game genres and plans to accelerate expansion through acquisitions [24] - The focus is on creating value over the long term, with 2021 intended as a formative period for investments in new products and M&A strategy [26] - The company is committed to optimizing its core franchises and launching new games while maintaining profitable growth [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term potential of the loyalty model in gaming, emphasizing the importance of demonstrating its value across genres [23] - The timeline for launching Kingdom Boss has shifted to late fall, with management prioritizing product optimization before launch [48] - The company expects modest growth from its core portfolio while continuing to invest in new products like myVEGAS Bingo [95] Other Important Information - The company ended the quarter with approximately $230 million in cash and has a new $75 million revolving credit facility [36] - Management highlighted the importance of investing in new studios and talent to improve operational efficiency and cost structure [88] Q&A Session Summary Question: Clarification on Kingdom Boss launch timing - Management indicated that the launch was initially expected in summer but has now shifted to late fall, emphasizing the need for product optimization before release [48] Question: Factors affecting revenue guidance - The majority of the revenue adjustment was attributed to the delay of Kingdom Boss and a later-than-expected launch of myVEGAS Bingo [57] Question: User acquisition leveraging award partners - The company utilizes its award partners to drive user acquisition and has expanded its partner base to align with the audience for Kingdom Boss [71] Question: Engagement trends and user behavior - Management reported healthy retention rates and engagement metrics, despite challenges in user acquisition costs due to market changes [75] Question: Changes in conversion rates - The increase in conversion rates is attributed to a deliberate focus on optimizing user acquisition campaigns and improving player retention [82]

(Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39652 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ACIES ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39652 ACIES ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39652 ACIES ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdicti ...