earnings
confidence high
sentiment negative
materiality 0.70
PLAYSTUDIOS Q3 revenue $71.2M, net loss $3.1M; workforce reduction ~30%
PLAYSTUDIOS, Inc.
2024-Q3 EPS reported
-$0.05
revenue$221,647,000
- Revenue $71.2M vs $75.9M YoY; net loss $3.1M vs $3.8M YoY; AEBITDA $14.6M, margin 20.5%.
- Reaffirmed FY2024 guidance: revenue $285-295M, AEBITDA $55-60M.
- Reinvention program: ~30% workforce reduction; expects $14-16M Q4 charges; annual savings $25-30M.
- Year to date repurchased 13.6M shares at avg $2.15; $45.5M remaining under $50M buyback.