PLAYSTUDIOS reports Q2 revenue $70.8M, net loss $7.0M; guides FY21 rev $290-300M

PLAYSTUDIOS, Inc.

2021-Q2 EPS reported -$0.01 revenue$144,919,000

Q2 2021 revenue $70.8M, down from $77.9M in Q2 2020; H1 revenue up 6.4% to $144.9M.
Q2 net loss $7.0M vs. net income $13.0M in prior-year quarter; AEBITDA $3.4M vs. $22.5M.
Full-year 2021 guidance: revenue $290M-$300M, AEBITDA $35M-$40M.
IPO raised $185M net; cash $230M plus $150M revolver; hired corporate development head Jason Hahn.
Launched myVEGAS Bingo globally; Kingdom Boss idle RPG expected later in 2021.

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