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 (NASDAQ: MYPS) reported fourth quarter 2021 revenue of $71.9 million, up 12.4% year-over-year, driven by new game launches and increased ad revenue. The company's net income improved to $0.6 million from a $10.8 million loss in Q4 2020. Full year revenue reached $287.4 million, a 6.5% increase, but net income decreased to $10.7 million from $12.8 million. The company expects 2022 revenue between $305 million and $325 million. PLAYSTUDIOS also secured rights to the Tetris franchise and launched MGM Slots Live.
PLAYSTUDIOS, Inc. (Nasdaq: MYPS) announced it will release its fourth quarter and year-end 2021 results on February 24, 2022, after market close. A conference call and audio webcast will follow at 5:00 pm Eastern Time the same day to discuss the results. Participants can access the event through the PLAYSTUDIOS investor relations website or dial in directly. An audio replay will be available for one year post-call. PLAYSTUDIOS develops award-winning mobile and social games that offer real-world rewards through its playAWARDS loyalty platform.
PLAYSTUDIOS (Nasdaq: MYPS) has announced its expansion into the casual puzzle genre by becoming the exclusive developer and publisher of the iconic Tetris game franchise for mobile devices. This strategic partnership with The Tetris Company and N3TWORK grants PLAYSTUDIOS global mobile rights, excluding China. The new game will integrate the playAWARDS loyalty program, enhancing player engagement. The current Tetris mobile app has over 30 million downloads, providing a base to grow PLAYSTUDIOS' audience.
PLAYSTUDIOS, a mobile and social game developer, has launched a new game called Money Blast for its myKONAMI Slots app. This game features retro graphics and classic gameplay, appealing to both slot enthusiasts and casual players. CEO Andrew Pascal noted that this title was in high demand among players. The game integrates the myVIP rewards program, allowing users to earn loyalty points for real-world rewards. PLAYSTUDIOS' games are available for download on major platforms including iOS, Android, and Kindle.
PLAYSTUDIOS (Nasdaq: MYPS) announces the launch of its first mobile board game, New York-New York Game Night, exclusively for its myVEGAS Slots app. This new game immerses players in a 1930s New York theme, allowing them to earn loyalty points and real-world rewards as they navigate a virtual board. Players can unlock jackpots, win mystery prizes, and enjoy additional in-app features while engaging with beloved classic board games. The loyalty program enables players to redeem points for rewards from over 275 brands, enhancing the gaming experience.
PLAYSTUDIOS reported third quarter 2021 revenue of $70.6 million, up from $69.7 million in Q3 2020, reflecting growth in daily payer conversion. Nine-month revenue reached $215.5 million, a 4.7% increase year-over-year. Net income rose to $11.2 million in Q3 2021, compared to $5.1 million in Q3 2020, although year-to-date net income declined to $10.1 million from $23.6 million. The company plans a $50 million stock repurchase and anticipates full-year revenue between $282.5 million and $287.5 million.
PLAYSTUDIOS (NASDAQ: MYPS) announced it will release its Q3 2021 results on
PLAYSTUDIOS (MYPS) has launched Bowl-A-Palooza, a series of bowling parties in partnership with Bowlero, allowing players to enjoy fun and games at various U.S. locations. Kicking off in late August in Los Angeles, the event offers attendees chances to win free bowling for a year and engage in activities like arcade games. Tickets can be reserved using myVIP loyalty points from PLAYSTUDIOS' mobile games, including myVEGAS Slots. Upcoming events are scheduled in Dallas, River Grove, and Scottsdale this fall.
PLAYSTUDIOS (NASDAQ: MYPS) has launched its new mobile game, myVEGAS Bingo, featuring Emmy-winning actress Jane Lynch as its first celebrity caller starting September 15. Players can experience unique gameplay with Lynch's commentary and unlock collectible badges. The myVIP loyalty program allows players to redeem points for exclusive merchandise and donate to Direct Relief. This move aims to enhance player engagement and expand PLAYSTUDIOS' portfolio of free-to-play games, which includes popular titles like myVEGAS Slots and myVEGAS Blackjack.
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