earnings
confidence high
sentiment positive
materiality 0.75
PLAYSTUDIOS Q2 revenue $77.8M, net loss $0.8M; raises 2023 AEBITDA guidance to $55-60M
PLAYSTUDIOS, Inc.
2023-Q2 EPS reported
-$0.03
revenue$157,916,000
- Revenue $77.8M (+14% YoY); net loss $0.8M vs net income $5.5M in Q2 2022.
- AEBITDA $16.3M (up 123% YoY); margin 20.9% (+1010 bps vs prior year).
- 2023 AEBITDA guidance raised to $55-60M (prev $50-60M); revenue guidance unchanged at $305-325M.
- Repurchased 4.7M shares at avg $4.23; $30M remaining under $50M buyback authorization.
- playAWARDS added Cirque du Soleil and Hershey's as partners; total rewards partners exceed 110.