PLAYSTUDIOS, Inc. Announces Second Quarter Results
PLAYSTUDIOS reported Q2 revenue of $55.0 million, down 7.3% year-over-year, while its net loss widened significantly to $13.3 million compared to $2.9 million in the prior year. Citing persistent secular pressure on its legacy portfolio and disappointing performance from new initiatives like Tetris Block Party and playSWEEPS, the company withdrew its formal financial guidance.
Key figures
- Revenue
- 55000000
- Aebitda
- 7300000
- Net loss
- 13300000
- Average dau
- 1900000
- Cash and equivalents
- 102700000
- Direct to consumer revenue
- 14700000
- Buyback authorization remaining
- 38500000
AI analysis
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