earnings
confidence high
sentiment neutral
materiality 0.70
PLAYSTUDIOS Q4 revenue $77.1M, net loss $19.9M; AEBITDA up 20% YoY; FY2024 rev guidance $315-325M
PLAYSTUDIOS, Inc.
- Q4 revenue $77.1M (vs $79.4M YoY); net loss $19.9M (vs $1.7M loss YoY); AEBITDA $14.7M, +20% YoY.
- Full-year 2023 revenue $310.9M (up 7% YoY); AEBITDA $62.3M (+63% YoY); AEBITDA margins expanded 700bps to 20%.
- FY2024 guidance: net revenue $315-325M, Consolidated AEBITDA $65-70M; expects first external playAWARDS revenue.
- Cash $133M; share repurchase authorization extended to $50M through Nov 10, 2024; no buybacks in Q4.
- playAWARDS had 113 reward partners; players purchased >$27M retail value in Q4; myVIP rollout continues.