PLAYSTUDIOS, Inc. - MYPS STOCK NEWS

PLAYSTUDIOS, Inc. reported first quarter revenue of $80.1 million, a net loss of $2.6 million, and AEBITDA of $17.8 million. AEBITDA margins increased by 930bps from the previous year. The company's growth portfolio, including Tetris and myVEGAS Bingo, is gaining traction. playAWARDS loyalty platform was integrated into Tetris, with plans for a full rollout across all casual games. The company raised its revenue guidance to $305 to $325 million and AEBITDA guidance to $50 to $60 million for the year.

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.

PLAYSTUDIOS, Inc. (Nasdaq: MYPS) plans to release its Q4 and year-end 2022 results on March 9, 2023, after market close. The company will host a conference call at 5:00 PM ET the same day to discuss the results. Investors can access the call via the PLAYSTUDIOS investor relations website or by dialing in. The company is known for its playAWARDS loyalty platform and is a developer of popular mobile games, offering real-world rewards through partnerships with major brands like MGM Resorts International and Norwegian Cruise Line. For more information, visit www.playstudios.com.

PLAYSTUDIOS, Inc. has relaunched its partnership with Norwegian Cruise Line (NCL), allowing players to redeem Loyalty Points for cruises. This collaboration, paused during the COVID pandemic, now offers over $1 million in rewards to playAWARDS' 6 million monthly users. Players can choose from 500 cruises, with discounts of $250 to $750 on bookings. Additionally, a VIP sailing event is planned for April 2023. The partnership aims to enhance engagement and attract players with exciting real-world rewards, enhancing both companies' visibility.

PLAYSTUDIOS, Inc. (MYPS) has appointed Mickey Sonnino as Chief Operating Officer, effective immediately. Sonnino, based in Tel Aviv, brings over 20 years of experience in gaming and consumer marketing, previously serving as Senior Vice President at Playtika. Her responsibilities will include overseeing operations across the Americas, Middle East, Europe, and Asia. CEO Andrew Pascal emphasized her expertise will enhance the company's performance and innovation in the gaming industry. PLAYSTUDIOS is known for its popular games like Tetris and myVEGAS, integrating real-world rewards through its playAWARDS loyalty platform.

PLAYSTUDIOS (NASDAQ: MYPS) has expanded its vacation rewards by adding three stunning Hilton Caribbean properties to its industry-leading Rewards Store. The new offerings include the Hilton Barbados Resort, Hilton Tulum Riviera Maya, and Conrad Tulum Riviera Maya Resort, where players can redeem loyalty points for free night stays and up to $100 in resort credits. This initiative aims to enhance player engagement by providing fresh vacation destinations, aligning with feedback received from the community. This step comes as part of PLAYSTUDIOS' growth strategy in 2023.