Financial Data and Key Metrics Changes - Revenue for Q4 2020 was $67.7 million, representing a 95% increase year-over-year, while total revenue for 2020 reached $230.1 million, up 92% from the previous year [40][41] - The company achieved a gross margin of 95% for the quarter, with adjusted EBITDA for Q4 at a negative $23.8 million, compared to a negative $7.8 million in the prior year [41][42] - Adjusted EBITDA before user acquisition increased by 98% year-over-year, maintaining 25% as a percentage of revenue [43] Business Line Data and Key Metrics Changes - The platform powered over 2 billion tournaments in 2020, generating $1.6 billion in gross marketplace volume [14] - Monthly active users (MAU) reached 2.6 million, a 63% increase from 2019, with 13% of users engaging in prize competitions [15][16] Market Data and Key Metrics Changes - The mobile gaming market is projected to grow to $161 billion by 2025, driven by the proliferation of mobile devices [14] - The U.S. mobile gaming market has approximately 210 million gamers growing at 6% per year, while India's market is expected to grow at 26% per year with 137 million gamers [32] Company Strategy and Development Direction - The company aims to expand its platform capabilities by investing in synchronous gameplay and scalable technology infrastructure [17][19] - Strategic partnerships, such as the multiyear agreement with the NFL, are expected to enhance distribution and brand integration [29][33] - The company plans to focus on international expansion, starting with India, to tap into a larger market [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory, emphasizing the importance of investing in user acquisition and engagement to capture market share [63][67] - The company does not foresee significant negative impacts from IDFA changes, viewing it as an opportunity to enhance monetization [72] Other Important Information - The company ended the year with $262.7 million in cash and no debt, with plans to exercise a redemption right on public warrants to generate an additional $198.4 million [50][51] - The company is focused on building a long-term independent business with a vision for eSports for everyone [35] Q&A Session Summary Question: Game concentration and revenue concentration - Management acknowledged revenue concentration around a few games but noted that this is typical in media businesses, with shifts in popularity over time [58] Question: Update on Android growth and implications of Google Play changes - Management indicated that the changes in Google Play terms are indicative of a positive trend for emerging content categories, with Android revenue growing at twice the rate of iOS [62] Question: Sales and marketing spend dynamics - Management clarified that the focus is on growing paying users rather than total users, with a significant increase in paying users year-over-year [68] Question: Channels for customer acquisition cost (CAC) and IDFA impact - Management does not expect material negative impacts from IDFA changes, viewing it as potentially beneficial for their business model [72] Question: Ability to scale players and match skill sets - Management emphasized that the platform is designed to ensure fair and efficient matching as the user base scales, supported by significant investments in data science [76]

FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 Or ¨ 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 001-39243 Flying Eagle Acquisition Corp. (Exact Name of Registrant as Specified in Its Charter) Delaware 8 ...

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 June 30, 2020 Or ¨ 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 001-39243 Flying Eagle Acquisition Corp. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-447 ...

PART I. FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Flying Eagle Acquisition Corp. reported net income of $132,070 for the period ending March 31, 2020, primarily from Trust Account interest [Condensed Balance Sheet](index=4&type=section&id=Condensed%20Balance%20Sheet) As of March 31, 2020, total assets were $691.4 million, primarily from Trust Account, with liabilities at $24.8 million Condensed Balance Sheet as of March 31, 2020 (Unaudited) | Category | Amount (USD) | | :--- | :--- | | **Assets** | | | Cash and cash equivalents | $1,189,052 | | Cash and investments held in Trust Account | $690,207,664 | | **Total Assets** | **$691,396,716** | | **Liabilities & Equity** | | | Total current liabilities | $626,088 | | Deferred underwriting compensation | $24,150,000 | | **Total Liabilities** | **$24,776,088** | | Class A common shares subject to possible redemption | $661,620,620 | | **Total Stockholders' Equity** | **$5,000,008** | [Condensed Statement of Operations](index=5&type=section&id=Condensed%20Statement%20of%20Operations) For the period ending March 31, 2020, the company reported net income of $132,070, primarily from $207,664 in Trust Account interest income Statement of Operations Highlights (Jan 15, 2020 - Mar 31, 2020) | Metric | Amount (USD) | | :--- | :--- | | Revenue | $0 | | General and administrative expenses | $41,476 | | Other income - interest on Trust Account | $207,664 | | **Net income** | **$132,070** | | Basic and diluted net income per share, Class A | $0.00 | | Basic and diluted net loss per share, Class B | $0.00 | [Condensed Statement of Cash Flows](index=7&type=section&id=Condensed%20Statement%20of%20Cash%20Flows) Net cash used in operations was minimal, while financing activities provided $691.2 million from IPO and warrant sales Cash Flow Summary (Jan 15, 2020 - Mar 31, 2020) | Cash Flow Activity | Amount (USD) | | :--- | :--- | | Net cash used in operating activities | ($928) | | Net cash used in investing activities | ($690,000,000) | | Net cash provided by financing activities | $691,189,980 | | **Increase in cash and cash equivalents** | **$1,189,052** | [Notes to Unaudited Condensed Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Financial%20Statements) Notes detail the company's SPAC formation, $690 million IPO proceeds in trust, related-party transactions, and COVID-19 impact - The company was formed as a blank check company to effect a business combination and has 24 months from the closing of its Public Offering (until March 10, 2022) to complete one[26](index=26&type=chunk)[33](index=33&type=chunk) - On March 10, 2020, the company consummated its Public Offering of 69,000,000 units at $10.00 per unit, generating gross proceeds of **$690,000,000**, which were placed in a trust account[28](index=28&type=chunk) - The Sponsor purchased 10,033,333 Private Placement Warrants at $1.50 per warrant for an aggregate of approximately **$15.05 million**[54](index=54&type=chunk) - The company is committed to pay a deferred underwriting discount of **$24,150,000** upon the consummation of a Business Combination[62](index=62&type=chunk) - Management is evaluating the impact of the COVID-19 pandemic, concluding it could have a negative effect on the company or its target's financial position, but the specific impact is not readily determinable[63](index=63&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=18&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The blank check company, formed in January 2020, completed a $690 million IPO in March, reporting $132,070 net income from Trust Account interest - The company is a blank check company that completed its Public Offering on March 10, 2020, and is currently seeking a target for a business combination[83](index=83&type=chunk) - For the period from January 15, 2020 (inception) to March 31, 2020, the company had a net income of **$132,070**, derived from interest on the Trust Account assets[86](index=86&type=chunk) - As of March 31, 2020, the company had **$1,189,052** in cash outside the Trust Account to fund working capital needs[88](index=88&type=chunk) - Upon closing the IPO and Private Placement, **$690,000,000** was placed in the Trust Account[87](index=87&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=20&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces immaterial market or interest rate risk due to short-term investments in U.S. government treasury or money market funds - The company's exposure to market and interest rate risk is considered minimal as funds in the Trust Account are invested in short-term U.S. government treasury obligations or money market funds[94](index=94&type=chunk) [Controls and Procedures](index=21&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2020, with no material changes to internal controls - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of March 31, 2020[98](index=98&type=chunk) - No changes in internal control over financial reporting occurred during the most recently completed fiscal quarter that materially affected, or are reasonably likely to materially affect, internal controls[99](index=99&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=22&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no legal proceedings as of the filing date - There are no legal proceedings to report[101](index=101&type=chunk) [Risk Factors](index=22&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors, but the COVID-19 pandemic's potential negative impact on operations and business combination remains uncertain - The company is evaluating the impact of the COVID-19 pandemic, which could negatively affect its financial position, operations, or the completion of a Business Combination[103](index=103&type=chunk) - As of the date of the report, there have been no material changes to the risk factors disclosed in the company's prospectus dated March 5, 2020[103](index=103&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=22&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company privately sold 10,033,333 warrants for $15.05 million, with $690 million of net proceeds placed in the Trust Account - Simultaneously with the IPO, the company sold 10,033,333 Private Placement Warrants to its Sponsor at $1.50 each, generating gross proceeds of approximately **$15,050,000**[104](index=104&type=chunk) - The Public Offering of 69,000,000 units at $10.00 per unit generated gross proceeds of **$690,000,000**[106](index=106&type=chunk) - After deducting underwriting discounts and offering costs, **$690,000,000** of the net proceeds was placed in the Trust Account[107](index=107&type=chunk) [Defaults Upon Senior Securities](index=24&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[108](index=108&type=chunk) [Mine Safety Disclosures](index=24&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[109](index=109&type=chunk) [Other Information](index=24&type=section&id=Item%205.%20Other%20Information) The company reported no other information - None[110](index=110&type=chunk) [Exhibits](index=24&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed as part of the Quarterly Report on Form 10-Q, including certifications and XBRL data