secwatch.observer — SEC 8-K summary
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Issuer:     PLAYSTUDIOS, Inc. (MYPS)
CIK:        0001823878
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001823878-24-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLAYSTUDIOS Q2 revenue $72.6M, net loss $2.6M; cuts FY2024 guidance
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- Revenue $72.6M, down 6.7% YoY from $77.8M; net loss $2.6M vs $0.8M loss in Q2 2023.
- Consolidated AEBITDA $14.1M, down 13.5% YoY from $16.3M; margin declined due to lower social casino revenues.
- FY2024 revenue guidance cut to $285-295M from $315-325M; AEBITDA guidance to $55-60M from $65-70M.
- Repurchased 11.7M shares (~9% of Class A) from Microsoft at discount, funded with available cash.
- Acquired Pixode Games; cash & equivalents over $105M, no borrowings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823878/000182387824000032/0001823878-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823878/000182387824000032/myps-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001823878-24-000032

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