PLAYSTUDIOS Q1 revenue down 2.9% to $77.8M, net loss narrows to $0.6M, reaffirms FY guidance

PLAYSTUDIOS, Inc.

2024-Q1 EPS reported $0.00 revenue$77,828,000

Revenue $77.8M (down 2.9% YoY); net loss $0.6M vs $2.6M loss in Q1 2023.
Consolidated AEBITDA $15.3M (down 14% YoY); FY 2024 guidance: revenue $315-325M, AEBITDA $65-70M.
Repurchased 1.5M shares at avg $2.60; $46M remaining on $50M buyback authorization.
MAU up 13% YoY to 14.8M; cash $127M, no debt, $81M loan facility available.
playAWARDS had 113 partners with over $40M retail value purchases in the quarter.

item 2.02 item 7.01 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 first quarter ended March 31, 2024 results: revenue $77.8 million, net income $0.6 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $77.8 million
Net income: $0.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter Financial Highlights • Revenue was $77.8 million during the first quarter of 2024, compared to $80.1 million during the first quarter of 2023. • Net loss was $0.6 million during the first quarter of 2024, representing a net loss margin of (0.7)%, compared to net loss of $2.6 million during the first quarter of 2023, representing a net loss margin of (3.2)%.

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Source: SEC EDGAR

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