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.
All content is verified through primary sources to ensure accuracy. Regular updates provide insights into operational milestones and industry leadership in blending gaming engagement with reward economics.
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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.
PLAYSTUDIOS is reviving its popular Summer of Slots event after a two-year pause, inviting players to join in-person celebrations across multiple locations in North America. Kicking off on June 23, the event will feature games, giveaways, and opportunities for players to exchange loyalty points for tickets. The series includes stops in Las Vegas, Canada, and the East Coast, enhancing player engagement while reinforcing the company's commitment to its gaming community.
PLAYSTUDIOS (NASDAQ: MYPS) has partnered with Big Bus Tours to offer exclusive rewards experiences through its playAWARDS loyalty platform starting May 27. Players can exchange loyalty points for discounted tickets to Big Bus Tours in Las Vegas, featuring a hop-on, hop-off service showcasing the city's attractions. This partnership aims to enhance the rewards portfolio with a range of sightseeing experiences, complementing existing offerings in hotel, dining, and entertainment.
PLAYSTUDIOS, Inc. (NASDAQ: MYPS) announced the results of its offer to purchase outstanding public and private placement warrants at $1.00 each. The offer expired on May 13, 2022, resulting in 1,792,463 public warrants tendered, representing about 25% of the total, while no private placement warrants were submitted. Consequently, the Warrant Amendment to redeem warrants at $0.90 was not approved. The total cash payment for the tendered public warrants will be $1,792,463, to be disbursed promptly.
PLAYSTUDIOS reported Q1 2022 revenue of $70.5 million, a 5% decline from $74.1 million in Q1 2021. The company incurred a net loss of $25.2 million compared to a net income of $5.9 million a year prior. Despite the loss, playAWARDS purchases surged by 54% year-over-year with retail value up by 80%. The company reaffirmed its full-year revenue forecast between $305 million and $325 million, aiming for an AEBITDA of $40 million to $50 million. CEO Andrew Pascal emphasized strategic enhancements and partnerships, particularly for the playAWARDS platform.
PLAYSTUDIOS has partnered with Lighthouse Immersive to enhance its playAWARDS loyalty program, starting with the Immersive Van Gogh exhibit in Las Vegas. Players can now redeem loyalty points for tickets to this unique experience, which utilizes advanced projection technology to showcase the artist's works. The exhibit operates in 14 cities across the U.S. and Canada, aiming to attract a new audience to the arts. This partnership expands PLAYSTUDIOS' offerings alongside renowned brands like MGM and Wolfgang Puck.
PLAYSTUDIOS (NASDAQ: MYPS) has announced an extension of its warrant purchase offer deadline to May 13, 2022, allowing holders more time to participate. The offer encourages the purchase of outstanding public and private placement warrants at $1.00 each. Additionally, the company is seeking consents to amend the Warrant Agreement, permitting a cash redemption of warrants at $0.90, a decrease from the offer price. As of April 27, 2022, 33,606 public warrants were tendered, while no private placement warrants were submitted.
