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PLAYSTUDIOS (MYPS)
NASDAQ:MYPS
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
0Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: -12.67%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
PLAYSTUDIOS achieved its full year revenue and EBITDA guidance, managed to optimize its cost structure, and launched new promotional efforts successfully. However, the company faced challenges in declining revenue, particularly in its Tetris franchise and social casino user base.Company Guidance
During the PLAYSTUDIOS Fourth Quarter and Year-End 2024 Earnings Call, guidance for 2025 was detailed, projecting revenues between $250 million and $270 million and consolidated adjusted EBITDA ranging from $45 million to $55 million. The guidance did not account for any acquisitions or divestitures, and the company chose to exclude potential revenues from new sweepstakes and Tetris initiatives, which could contribute an additional $15 million to $30 million, mainly in Q4. The company's reinvention plan, aimed at cost savings of $25 million to $30 million annually, was offset by strategic investments in new initiatives. The 2025 focus includes improving core casino game productivity, expanding the casual portfolio, and advancing new developments, with the company ending 2024 with $109 million in cash and a fully undrawn $81 million revolver.Achievement of Full Year Guidance
Despite industry pressures, PLAYSTUDIOS achieved its full year guidance for revenue and adjusted EBITDA in 2024.
Cost Structure Optimization
The company restructured its business, reducing the workforce by over 30% and suspending select sub-scale games to enhance efficiency and economies of scale.
Launch of World Tournament of Slots
The new promotional effort, World Tournament of Slots, was launched successfully and well-received by players, with a $1 million prize and 500 participants.
Strong Cash Position
PLAYSTUDIOS ended the year with $109 million in cash and full availability of their $81 million revolving credit facility.
Direct-to-Consumer Sales Growth
Direct-to-consumer sales grew to $4.5 million this quarter, representing 8% of total in-app purchase revenues, up from 4% year-over-year.
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MYPS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MYPS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $1.50 | $1.32 | -12.00% |
| Nov 04, 2024 | $1.38 | $1.46 | +5.80% |
| Aug 05, 2024 | $1.94 | $1.71 | -11.86% |
| May 06, 2024 | $2.33 | $2.42 | +3.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PLAYSTUDIOS (MYPS) report earnings?
PLAYSTUDIOS (MYPS) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is PLAYSTUDIOS (MYPS) earnings time?
PLAYSTUDIOS (MYPS) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MYPS EPS forecast?
MYPS EPS forecast for the fiscal quarter 2025 (Q1) is -0.02.
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