secwatch.observer — SEC 8-K summary
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Issuer:     PLAYSTUDIOS, Inc. (MYPS)
CIK:        0001823878
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001823878-24-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823878/000182387824000014/0001823878-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823878/000182387824000014/myps-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001823878-24-000014

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