PLAYSTUDIOS Q2 revenue $68.4M, net income $5.5M; updates FY2022 guidance

PLAYSTUDIOS, Inc.

2022-Q2 EPS reported -$0.16 revenue$138,804,000

Revenue of $68.4M vs $70.8M YoY; net income of $5.5M vs net loss of $7.0M in Q2 2021.
AEBITDA (non-GAAP) of $7.3M, up from $3.4M in prior year.
FY2022 revenue guidance updated to $270M-$285M; AEBITDA guidance $30M-$35M.
playAWARDS purchases up 26% YoY; loyalty partners exceed 100 with over 500 rewards.
Credit facility increased from $75M to $81M; amended to SOFR; excludes up to $20M for warrant repurchase.

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