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Stock impact report

PLAYSTUDIOS, Inc. Announces First Quarter Results

PLAYSTUDIOS, Inc. - Class A (MYPS) 
Company Research Source: Business Wire
First Quarter Revenue of $77.8 million and Net loss of $0.6 millionConsolidated AEBITDA of $15.3 million LAS VEGAS--(BUSINESS WIRE)--PLAYSTUDIOS, Inc. (NASDAQ: MYPS) (“PLAYSTUDIOS” or the “Company”), an award-winning developer of free-to-play mobile and social games and the developer of the playAWARDS loyalty platform, today announced financial results for the first quarter ended March 31, 2024.First Quarter Financial HighlightsRevenue was $77.8 million during the first quarter of 2024, compared to $80.1 million during the first quarter of 2023.Net loss was $0.6 million during the first quarter of 2024, representing a net loss margin of (0.7)%, compared to net loss of $2.6 million during the first quarter of 2023, representing a net loss margin of (3.2)%.Consolidated AEBITDA, a non-GAAP financial measure defined below, was $15.3 million during the first quarter of 2024, compared to $17.8 million during the first quarter of 2023.Andrew Pascal, Chairman and Chief Executive Officer of Show less Read more
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