secwatch.observer — SEC 8-K summary
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Issuer:     PLAYSTUDIOS, Inc. (MYPS)
CIK:        0001823878
Form:       8-K
Filed at:   2026-05-11T20:31:29+00:00
Accession:  0001823878-26-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PLAYSTUDIOS Q1 revenue $58.4M (-6.9% YoY), net loss $10.7M, AEBITDA $3.6M, plans $40M buyback
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- Net loss $10.7M (loss margin 18.3%) vs $2.9M loss in Q1 2025; revenue $58.4M vs $62.7M.
- Adjusted EBITDA $3.6M (6.1% margin) vs $12.5M (19.9%) a year ago; user acquisition spend up $6.5M.
- Direct-to-consumer revenue surged 150% to $12.4M; Tetris Block Party reached 135k DAU.
- Restructuring (Renewal) expected to generate $33M-$39M annualized savings; closed 4 of 9 studios, cut 177 positions.
- Company plans to adopt 10b5-1 plan and repurchase shares under remaining $40M authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823878/000182387826000040/0001823878-26-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823878/000182387826000040/myps-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001823878-26-000040

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