PLAYSTUDIOS Q1 revenue $80.1M, net loss narrows; raises FY2023 guidance

PLAYSTUDIOS, Inc.

2023-Q1 EPS reported -$0.02 revenue$80,123,000

Revenue $80.1M (+14% YoY); net loss $2.6M vs $25.2M loss in Q1 2022.
AEBITDA $17.8M (+96% YoY); margins up 930 bps from prior year.
Raised FY2023 guidance: revenue $305M-$325M, AEBITDA $50M-$60M (prev $47.5M-$52.5M).
Repurchased 3.76M shares at avg $4.17; $34.3M remaining under $50M buyback.
Launched playAWARDS on Tetris; expanded partnerships with Norwegian Cruise Line and Gateway Casinos.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PLAYSTUDIOS, Inc. reported the first quarter ended March 31, 2023 results: revenue $80.1 million, net income Net loss was $2.6 million. Guidance raised.

Period: the first quarter ended March 31, 2023
Revenue: $80.1 million
Net income: Net loss was $2.6 million
Guidance: raised
Result: reported results

Exact text from the filing

as shall be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- PLAYSTUDIOS, INC. ANNOUNCES FIRST QUARTER RESULTS First Quarter Revenue of $80.1 million and Net loss of $2.6 million AEBITDA of $17.8 million, AEBITDA Margins up 930bps from year ago levels Las Vegas, Nevada – May 9, 2023 – PLAYSTUDIOS, Inc. (NASDAQ: MYPS)

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Source: SEC EDGAR

accession 0001823878-23-000023

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