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 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.
PLAYSTUDIOS (NASDAQ: MYPS) reported second quarter 2021 revenue of $70.8 million, down from $77.9 million in Q2 2020. However, revenue for the first half of 2021 increased by 6.4% to $144.9 million. The company incurred a net loss of $7.0 million in Q2 2021, a shift from the net income of $13.0 million in the same quarter the previous year. AEBITDA also declined to $3.4 million from $22.5 million year-over-year. Despite these challenges, PLAYSTUDIOS is optimistic about future growth, particularly with the launch of myVEGAS Bingo and an outlook for 2021 revenue between $290 million and $300 million.
PLAYSTUDIOS has appointed Jason Hahn as Executive Vice President and Head of Corporate and Business Development. With over 15 years of gaming and Esports experience, he will focus on mergers and acquisitions, strategic opportunities, and enhancing investor relations. Previously at Activision Blizzard, Hahn played a key role in shaping its Esports strategy. Mr. Hahn's leadership is expected to accelerate PLAYSTUDIOS' growth as a public company, particularly in expanding its unique playAWARDS loyalty platform and exploring new markets.
PLAYSTUDIOS announces the appointment of Stephanie Rosol as its first Chief People Performance Officer amid its strategy to enhance workforce performance. With 25 years in executive coaching and human resources, Rosol aims to improve company culture and support employee growth. Previously a consultant for PLAYSTUDIOS and Vice President of Human Resources at Wynn Resorts, she will oversee initiatives in culture, coaching, diversity, and philanthropy. Her experience and vision are expected to strengthen the company’s workforce and community impact.
PLAYSTUDIOS, Inc. (Nasdaq: MYPS) will release its second quarter 2021 financial results on August 11, 2021, after market close. A conference call and audio webcast will take place on the same day at 5:00 pm ET to discuss the results, accessible through the company's investor relations website. An audio replay will be available for one year following the call. PLAYSTUDIOS is renowned for developing free-to-play casual games that reward players with real-world benefits through its playAWARDS loyalty platform.
PLAYSTUDIOS (Nasdaq: MYPS) has announced a partnership with Bowlero, enhancing its loyalty program, playAWARDS. Players of PLAYSTUDIOS' apps can now redeem loyalty points for bowling rewards, including a complimentary game for two and discounted arcade cards. This collaboration is expected to attract players to Bowlero's entertainment centers, which offer a variety of gaming experiences. The partnership aligns with the interests of PLAYSTUDIOS' audience, fostering community engagement and real-world entertainment options.
PLAYSTUDIOS (Nasdaq: MYPS) has secured a new $75 million revolving credit facility to support growth initiatives, with an option to expand by an additional $75 million. This facility enhances liquidity and lowers capital costs, providing significant flexibility for long-term planning. The agreement replaces the existing facility, maturing on June 24, 2026, with interest rates linked to Eurodollar and Alternate Base Rates. The loans are secured by the company's assets, with customary covenants in place.
