secwatch.observer — SEC 8-K summary
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Issuer:     PLAYSTUDIOS, Inc. (MYPS)
CIK:        0001823878
Form:       8-K
Filed at:   2024-03-11T23:59:59+00:00
Accession:  0001823878-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLAYSTUDIOS Q4 revenue $77.1M, net loss $19.9M; AEBITDA up 20% YoY; FY2024 rev guidance $315-325M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823878/000182387824000003/0001823878-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823878/000182387824000003/myps-20240311.htm
  HTML page:      https://secwatch.observer/filing/0001823878-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer