earnings
confidence high
sentiment positive
materiality 0.65
PLAYSTUDIOS Q3 revenue $70.6M, net income $11.2M; board approves $50M share buyback
PLAYSTUDIOS, Inc.
2021-Q3 EPS reported
$0.08
revenue$215,490,000
- Q3 revenue $70.6M (flat YoY vs $69.7M); nine-month revenue $215.5M, up 4.7% YoY.
- Q3 GAAP net income $11.2M vs $5.1M YoY; AEBITDA $9.6M vs $13.3M YoY.
- Board authorized up to $50M stock repurchase over 12 months due to undervaluation.
- Full-year 2021 revenue guidance reaffirmed at $282.5M-$287.5M; AEBITDA guidance $35M-$40M.
- playAWARDS rewards purchased increased 169% YoY; new partners include Bowlero, Royal Caribbean.