earnings
confidence high
sentiment negative
materiality 0.65
PLAYSTUDIOS Q1 revenue $70.5M, net loss $25.2M; reaffirms FY2022 outlook
PLAYSTUDIOS, Inc.
2022-Q1 EPS reported
-$0.20
revenue$70,451,000
- Revenue $70.5M, down from $74.1M YoY; net loss $25.2M vs net income $5.9M in Q1 2021.
- AEBITDA (non-GAAP) $9.1M, down from $14.5M YoY; playAWARDS purchases up 54% YoY.
- Reaffirms FY2022 revenue guidance $305-325M and AEBITDA $40-50M.
- Acquired full rights to myVEGAS Bingo, named Best New Social Casino Game at EKG Slot Awards.
- Expanded playAWARDS partners including Subway, Rally, and Lighthouse Immersive.