PlayAGS Q1 2025: Revenue Declines, Goodwill Impairment Noted
| Field | Detail |
|---|---|
| Company | Playags, Inc. |
| Form Type | 10-Q |
| Filed Date | May 8, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: earnings, revenue-decline, impairment
TL;DR
PlayAGS Q1 revenue down YoY, $8.4M goodwill impairment in Interactive.
AI Summary
PlayAGS, Inc. filed its 10-Q for the period ending March 31, 2025. The company reported revenue of $885 million and $997 million for the three months ended March 31, 2025, and 2024, respectively. As of March 31, 2025, accumulated goodwill impairment charges for the Interactive segment were $8.4 million.
Why It Matters
This filing provides insight into PlayAGS's financial performance in early 2025, highlighting a revenue decrease and ongoing goodwill impairment issues in its Interactive segment.
Risk Assessment
Risk Level: medium — The filing indicates a year-over-year revenue decline and notes significant goodwill impairment, suggesting potential challenges in the Interactive segment.
Key Numbers
- $885 million — Revenue (For the three months ended March 31, 2025)
- $997 million — Revenue (For the three months ended March 31, 2024)
- $8.4 million — Goodwill Impairment (Accumulated charges for the Interactive segment as of March 31, 2025)
Key Players & Entities
- PlayAGS, Inc. (company) — Filer of the 10-Q
- March 31, 2025 (date) — End of reporting period
- $8.4 million (dollar_amount) — Accumulated goodwill impairment charges for the Interactive segment
FAQ
What was PlayAGS, Inc.'s total revenue for the first quarter of 2025?
PlayAGS, Inc.'s revenue for the three months ended March 31, 2025, was $885 million.
How does the Q1 2025 revenue compare to Q1 2024?
Revenue for the three months ended March 31, 2025, was $885 million, down from $997 million for the same period in 2024.
What is the amount of accumulated goodwill impairment charges for the Interactive segment as of March 31, 2025?
As of March 31, 2025, accumulated goodwill impairment charges for the Interactive segment were $8.4 million.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the company's state of incorporation?
PlayAGS, Inc. is incorporated in Nevada (NV).
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 8, 2025 regarding PlayAGS, Inc..