FIRY Investor Deck: Gaming, Payments, and AdTech Platform
Explore FIRY's 2026 growth strategy: a compounding ecosystem spanning AdTech (RZR), gaming (Skillz), and social sweepstakes (Yayz).
FIRY
A Compounding Platform Across<br>Gaming, Payments, and AdTech
INVESTOR PRESENTATION | 2026
FIRY in One Page
Spanning B2C demand, B2B distribution, and AdTech monetization.
Shared data, payments, and identity drive ecosystem growth.
Priced as distressed gaming; value lies in platform scale.
Why FIRY Is Mispriced
Market Perception
Prices FIRY as a single, shrinking consumer gaming asset.
Actual Reality
• Scaled AdTech platform (RZR)<br>• Developer SDK & B2B platform<br>• Balance sheet & tax assets<br>• Asymmetric litigation upside
Market Perception
"A single, shrinking consumer gaming asset."
Actual Reality
Scaled AdTech platform (RZR)
Developer SDK & B2B platform
Balance sheet & tax assets ($65M+)
Asymmetric litigation upside
The Compounding Flywheel
B2C Demand: Skillz & Yayz drive repeat engagement
B2B Distribution: SDK enables competition & payments
AdTech Monetization: RZR monetizes first-party data
Unified by payments and identity, each segment accelerates the others.
Growth Inflection Achieved
Revenue bottomed in Q4 2024. Sustained sequential growth driven by RZR acceleration and improving operating leverage.
Revenue bottomed in Q4 2024; sequential growth has resumed.
Portfolio Overview
<strong>Operating Businesses</strong><br><br>• RZR (Aarki) - AdTech<br>• Skillz B2C - Core Gaming<br>• Skillz B2B - SDK & Platform<br>• Yayz - Social Casino
<strong>Non-Operating Assets</strong><br><br>• Exit Games (Minority Stake)<br>• Net Cash Position<br>• NOLs (~$60M PV)<br>• Fair Play Litigation
RZR (AdTech)
High-Growth Monetization
• Mobile DSP & SSP<br>• First-party data advantage<br>• Expanding into CTV & Web
Skillz (Gaming)
Core Cash Generator
• B2C Competitive Platform<br>• B2B Developer SDK<br>• Owned Content (Yayz)
Assets
Hidden Value
• Net Cash ($67M)<br>• NOLs ($65M PV)<br>• Litigation Optionality
RZR: The AdTech Growth Engine
Mobile UA, retargeting, and SSP. High-margin monetization engine expanding across iOS and CTV.
Turning Contextual Data into Programmatic Revenue
Skillz: The Core Gaming Foundation
Competitive, transaction-driven gameplay. Net gaming revenue model excluding incentives.
Significant Valuation Disconnect
Intrinsic value of operating and non-operating assets significantly exceeds current market capitalization.
Market is pricing FIRY below the sum of its independent assets.
Why Invest in FIRY Today
Turnaround Completed. Ecosystem Established. Valuation Disconnected.
- investor-presentation
- gaming-industry
- adtech
- digital-payments
- fintech
- market-valuation
- platform-economy