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PLAYSTUDIOS, Inc. (symbol: MYPS) is a vibrant player in the interactive gaming industry. Specializing in the development and operation of online and mobile social gaming applications, PLAYSTUDIOS has carved a niche for itself by integrating loyalty programs that offer real-world rewards. These rewards are provided through partnerships with various awards partners, enhancing the gaming experience beyond the virtual world.
The company's portfolio includes a diverse array of games available on major platforms such as the Apple App Store, Google Play Store, Amazon Appstore, and Facebook. PLAYSTUDIOS stands out by combining original content with third-party licensed brands, ensuring a rich and varied gaming experience. Their games are predominantly free-to-play, with revenue generated through in-game sales of virtual currency and advertising.
PLAYSTUDIOS operates as a single segment focused entirely on the development and monetization of social games. This streamlined focus allows them to pour their creative and technical expertise into delivering high-quality gaming experiences. The company's commitment to creativity, authenticity, quality, and fun is evident in every project they undertake, reflecting their core values through their work rather than just words.
Recent achievements and ongoing projects highlight PLAYSTUDIOS's dynamic approach to the gaming industry. They are constantly innovating and expanding their offerings, seeking new ways to engage players and enhance the value of their games. Financially, PLAYSTUDIOS maintains a robust position, driven by their successful business model and strategic partnerships.
The company is also known for its unique culture, which values inspiration, learning, and enjoyment in the workplace. They believe that a true company culture goes beyond perks and amenities, manifesting instead in daily interactions and the overall work environment.
For those interested in joining a forward-thinking team, PLAYSTUDIOS frequently has open positions available. Prospective employees can learn more and apply at playstudios.com/careers.
Investors and analysts seeking the latest updates and information about PLAYSTUDIOS, Inc. will find that their work and achievements speak volumes about their capabilities and market position.
PLAYSTUDIOS reported Q3 2024 financial results with revenue of $71.2 million, down from $75.9 million in Q3 2023, and a net loss of $3.1 million. Consolidated AEBITDA reached $14.6 million with margins increasing to 20.5%. The company announced a reinvention program targeting $25-30 million in annual cost savings through workforce reduction and consolidation. Key metrics include 3.0 million Average DAU and 12.7 million Average MAU, with ARPDAU at $0.26. The company maintains its 2024 guidance of $285-295 million in revenue and $55-60 million in Consolidated AEBITDA.
PLAYSTUDIOS, Inc. (Nasdaq: MYPS), the creator of the playAWARDS loyalty platform and developer of free-to-play mobile and social games offering real-world rewards, has announced its plans to release third quarter 2024 results after market close on Monday, November 4, 2024. The company will host a conference call and audio webcast on the same day at 5:00 pm Eastern Time to discuss the results.
Interested parties can listen to the audio webcast and live Q&A by visiting the PLAYSTUDIOS investor relations website at ir.playstudios.com. Alternatively, they can dial (866) 405-1203 or (201) 689-8432 for international callers. An audio replay of the webcast will be available on the company's investor relations website shortly after the call.
PLAYSTUDIOS, Inc. (NASDAQ: MYPS) reported its Q2 2024 financial results. Key highlights include:
- Revenue of $72.6 million, down from $77.8 million in Q2 2023
- Net loss of $2.6 million, compared to $0.8 million loss in Q2 2023
- Consolidated AEBITDA of $14.1 million, down from $16.3 million in Q2 2023
The company faced challenges due to persistent industry weakness in the Social Casino portfolio. However, the casual portfolio grew by over 10% year-over-year. PLAYSTUDIOS revised its 2024 guidance, projecting revenues between $285-$295 million and Consolidated AEBITDA between $55-$60 million. The company also purchased 11.7 million shares of Class A common stock from Microsoft and completed the acquisition of Pixode Games
PLAYSTUDIOS, Inc. (Nasdaq: MYPS), the creator of the playAWARDS loyalty platform and developer of free-to-play mobile and social games, has announced it will release its second quarter 2024 financial results on Monday, August 5, 2024, after market close. The company will host a conference call and audio webcast at 5:00 pm Eastern Time on the same day to discuss the results.
Investors and interested parties can access the audio webcast and live Q&A session through the PLAYSTUDIOS investor relations website at ir.playstudios.com. For those who prefer to dial in, the numbers are (866) 405-1203 for domestic callers and (201) 689-8432 for international callers. An audio replay of the webcast will be available on the company's investor relations website shortly after the call.
playSTUDIOS, a leading mobile game developer, announced the myVIP World Tournament of Slots, a major slots tournament with a $1 million cash prize. The event will take place from October 24-27, 2024, at Atlantis Paradise Island in the Bahamas. Participants, who will be selected from playSTUDIOS’ social casino games, can invite a guest for a four-day stay. The tournament aims to crown the 'World’s Greatest Slot Player.' playSTUDIOS’ myVIP loyalty program, which has awarded over 17 million rewards worth $864 million, will be a key feature of the event. Atlantis Paradise Island, featuring a new $80 million renovation, will host the tournament.
playSTUDIOS announced its inaugural myVIP World Tournament of Slots, set to occur at Atlantis Paradise Island, Bahamas, from October 24-27, 2024.
The grand event will gather slot enthusiasts from both digital and real realms to compete for a $1 million cash prize and the title of 'World’s Greatest Slot Player.' Participants of playSTUDIOS' free-to-play social casino games can qualify to attend the tournament with a guest, enjoying a four-day stay.
playSTUDIOS' myVIP loyalty program has distributed over 17 million awards worth $864 million to its 11.7 million players via partnerships with over 230 brands. The tournament highlights playSTUDIOS' commitment to providing rich gaming rewards through its myVIP platform.
The event will showcase Atlantis' recent $80 million renovation, including updates to the casino, new dining options by Michelin-star chef Michael White, and more.
For more information, visit the playSTUDIOS website.
PLAYSTUDIOS (Nasdaq: MYPS) announced an agreement to repurchase 11,677,398 shares of its Class A common stock from Microsoft at $2.11 per share. The total cost will be $24.6 million, funded by available cash. This transaction will reduce the outstanding shares by approximately 8.6%. CEO Andrew Pascal emphasized that this move aligns with the company's commitment to enhancing shareholder value and maximizing returns on capital, noting the shares were bought at a discount to current market prices.
PLAYSTUDIOS (Nasdaq: MYPS), known for its playAWARDS loyalty platform and free-to-play mobile and social games, announced the repurchase of 11,677,398 shares of its Class A common stock from Microsoft Shares were bought at $2.11 each, totaling $24.6 million, funded with available cash. This move reduces PLAYSTUDIOS' outstanding common stock by approximately 8.6%. Chairman and CEO Andrew Pascal stated that the repurchase aligns with the company's commitment to enhancing shareholder value and maximizing returns on capital, highlighting the acquisition at a discount to current market prices.
playSTUDIOS (NASDAQ: MYPS) celebrates Tetris' 40th anniversary with new releases: Tetris Block Puzzle and an updated Tetris mobile game. These releases enhance gameplay with new features and player rewards, aligning with the company's strategy to innovate classic games.
The Tetris Block Puzzle introduces two modes: Adventure Mode and High-Score Mode, catering to casual gamers. The updated Tetris mobile game includes Marathon and Adventure Modes. Both games are integrated with the myVIP loyalty program, allowing players to earn and redeem real-world rewards.
playSTUDIOS secured global rights to Tetris in 2021 and extended its publishing deal, positioning itself for continued growth in the mobile gaming market. The games are available for free download on iOS and Android.
PLAYSTUDIOS, Inc. announced Q1 results with revenue of $77.8M, a net loss of $0.6M, and consolidated AEBITDA of $15.3M. Despite some declines, the company remains optimistic about strategic initiatives and long-term growth. Positive highlights include strong performances from casual games like Tetris and Brainium, plans for expanding Tetris into a multi-game franchise, and progress in integrating playAWARDS loyalty platform. The company also resumed stock repurchases and has a strong cash position for acquisitions. However, there were year-over-year revenue declines and lower AEBITDA compared to the previous year. The company is maintaining its full year guidance with net revenue in the range of $315 to $325 million and Consolidated AEBITDA in the range of $65 to $70 million.
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