Welcome to our dedicated page for Playstudios news (Ticker: MYPS), a resource for investors and traders seeking the latest updates and insights on Playstudios stock.
Playstudios Inc (MYPS) is a leader in social gaming innovation, combining free-to-play mechanics with real-world loyalty rewards. This page serves as the definitive source for official company announcements and financial updates.
Access curated press releases covering earnings reports, strategic partnerships, and new game launches. Investors will find essential updates on virtual currency monetization strategies and mobile entertainment market positioning.
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PLAYSTUDIOS, Inc. (Nasdaq: MYPS) announced it will release its first quarter 2023 financial results on May 9, 2023, after market close. The company will host a conference call at 5:00 PM Eastern Time the same day to discuss these results. Interested parties can access the audio webcast via the PLAYSTUDIOS investor relations website or by dialing in using the provided phone numbers. PLAYSTUDIOS is known for its playAWARDS loyalty platform, offering real-world rewards through its mobile games like myVEGAS Slots and Tetris®. The company collaborates with notable partners including MGM Resorts and Norwegian Cruise Line. For further inquiries, investors can contact Samir Jain, CFA.
PLAYSTUDIOS (NASDAQ: MYPS) has launched its innovative playAWARDS loyalty platform for the classic puzzle game Tetris, allowing mobile players to earn loyalty points for real-world rewards. This initiative marks a significant milestone in casual mobile gaming, enhancing player engagement by incentivizing gameplay. Players can redeem points for various rewards, including a complimentary one-month subscription to Apple TV+, coinciding with the release of the Apple Original Film Tetris on March 31. With 1.5 million daily active users, the playAWARDS program is projected to expand significantly as it integrates with more games.
PLAYSTUDIOS, Inc. reported a revenue of $79.4 million for Q4 2022, up from $71.9 million in Q4 2021, while net loss increased to $1.7 million. Full-year revenue reached $290.3 million, slightly higher than $287.4 million in 2021, but net loss for the year was $17.8 million compared to $10.7 million net income in 2021. Adjusted EBITDA for Q4 was $12.1 million, showing stability year-over-year. The company aims for 2023 revenue guidance of $300 million to $320 million and AEBITDA between $47.5 million and $52.5 million, despite a cautious outlook on market challenges.
