PLAYSTUDIOS, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $62.8M
- Price
- $0.523
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.76%
- Volume
- 218.1K
About
PLAYSTUDIOS, Inc. develops and publishes free-to-play casual games for mobile and social platforms in the United States, North America, and internationally. The company is headquartered in Las Vegas, Nevada.
Quick stats
Shares outstanding120.1M
Computed float89.8M
Float / shares74.7%
Key info
SectorTechnology
IndustryElectronic Gaming & Multimedia
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001823878
Websitehttps://playstudios.com
AI Summary
AI-generated1/6
standardbearishearnings
PLAYSTUDIOS, Inc. Announces Second Quarter Results
PLAYSTUDIOS reported Q2 revenue of $55.0 million, down 7.3% year-over-year, while its net loss widened significantly to $13.3 million compared to $2.9 million in the prior year.
Citing persistent secular pressure on its legacy portfolio and disappointing performance from new initiatives like Tetris Block Party and playSWEEPS, the company withdrew its formal financial guidance.
Management is prioritizing the 'Renewal' restructuring program to reduce costs and improve margins, with plans to continue share repurchases under the remaining $38.5 million authorization.
Red flags
- Company withdrew formal financial guidance due to legacy pressure and growth initiative variability
- Revenue declined 7.3% year-over-year to $55.0 million
- Net loss widened to $13.3 million, representing a 24.1% net loss margin
- Key growth initiatives Tetris Block Party and playSWEEPS performed below internal expectations