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. (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 has launched its first retail rewards partnership with Pacific Cycle, allowing players to redeem points for discounts on bicycles, eBikes, and scooters priced between $200 and $2,000. This initiative aims to enhance player engagement by offering real-world rewards through the playAWARDS loyalty platform. Starting December 15, U.S. players can access this new offering, joining over 12 million monthly users who can earn points through popular games like Tetris® and myVEGAS Blackjack. This partnership signifies a strategic expansion into the retail sector for PLAYSTUDIOS.
PLAYSTUDIOS, Inc. (NASDAQ: MYPS) reported a Q3 2022 revenue of $72.1 million, up from $70.6 million in Q3 2021. However, net income fell to $3.6 million from $11.2 million year-over-year. The company achieved an adjusted EBITDA of $9.8 million, slightly higher than $9.6 million in the previous year. Following the acquisition of Brainium, PLAYSTUDIOS expects full-year 2022 revenue between $275.0 million and $285.0 million, and EBITDA between $32.0 million and $35.0 million.
PLAYSTUDIOS (Nasdaq: MYPS) will release its third quarter 2022 results after the market closes on
PLAYSTUDIOS is known for its playAWARDS loyalty platform and popular mobile games, including Tetris® and myVEGAS titles, offering players real-world rewards.
PLAYSTUDIOS (NASDAQ: MYPS) has announced its acquisition of Brainium for
PLAYSTUDIOS has announced a significant expansion of its playAWARDS loyalty program through a partnership with IHG Hotels & Resorts. Starting June 2022, players can redeem loyalty points for discounts on stays at over 6,000 IHG properties worldwide. This collaboration adds all 17 IHG brands, including InterContinental and Holiday Inn, to the rewards catalog, enhancing the value of the playAWARDS program. Discounts include 15% off across IHG's entire portfolio, marking the largest addition to the platform's offerings.
PLAYSTUDIOS (NASDAQ: MYPS) reported Q2 2022 revenue of $68.4 million, down from $70.8 million in Q2 2021. Net income increased to $5.5 million, a recovery from a $7.0 million loss the prior year. AEBITDA rose to $7.3 million from $3.4 million. The company updated its full-year revenue guidance to $270.0 million to $285.0 million and expects AEBITDA between $30.0 million and $35.0 million. CEO Andrew Pascal highlighted strategies to enhance audience engagement and launch new games, including TETRIS.
PLAYSTUDIOS (NASDAQ: MYPS) partners with Forte to launch playBLOCKS, a new division focused on integrating blockchain technology into gaming rewards.
This collaboration aims to enhance user experiences in token economies and secure management of digital assets. Leveraging Forte's blockchain infrastructure, PLAYSTUDIOS seeks to create engaging environments for players and brands alike. The partnership aligns with both companies' vision to redefine gaming economics, rewarding players with real-world benefits through the playAWARDS platform.
PLAYSTUDIOS has launched its new blockchain division, playBLOCKS, enhancing its leadership in 'rewarded play'. This new initiative follows the acquisition of WonderBlocks and a partnership with Forte, aimed at delivering engaging experiences and secure interactions for players and rewards partners. The company also introduced a $10 million Future Fund to invest in Web3 innovations. These strategic moves are designed to leverage blockchain technology, benefiting from improved loyalty mechanics and a solidified market position in gaming.
PLAYSTUDIOS, Inc. (Nasdaq: MYPS), a developer of mobile games offering real-world rewards, will announce its Q2 2022 financial results on August 9, 2022, after market close. The company plans to host a conference call and audio webcast on the same day at 5:00 PM Eastern Time for discussing these results. Access to the live event and a subsequent audio replay will be available on PLAYSTUDIOS' investor relations website. The company is known for its loyalty platform, playAWARDS, and popular games such as Tetris® and myVEGAS Slots.
PLAYSTUDIOS (NASDAQ: MYPS) has introduced a new Clubhouse feature in its myVEGAS Slots app, enhancing social gaming experiences for players. This major update allows players to collaborate, complete missions, and unlock exclusive chip rewards. The feature builds on prior successes in myVEGAS Bingo and POP! Slots, offering expanded opportunities for player engagement. Players can create clubs, invite friends, and track points for rewards within the app. This initiative aims to unify millions of players globally.
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