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PLAYSTUDIOS (MYPS)
NASDAQ:MYPS
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.08Last Year’s EPS
-$0.15Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 41.30%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view, with notable achievements in cost reduction, direct-to-consumer sales growth, and adjusted EBITDA improvements. However, these positives were countered by revenue declines, a significant workforce reduction, and challenges in user engagement metrics. The restructuring plan aims to stabilize and improve future performance but comes with short-term financial impacts.Company Guidance
In the PLAYSTUDIOS Third Quarter 2024 Earnings Call, several key metrics and strategic initiatives were discussed. The company reported net revenues of $71.2 million, marking a 6% decrease compared to the previous year, but adjusted EBITDA increased by 8% to $14.6 million, with margins expanding by 270 basis points. The reinvention plan initiated in October aims for a cost savings of $25 million to $30 million annually, driven by a workforce reduction of over 30%, consolidation of key functions, and a new technology strategy. The direct-to-consumer segment grew to 7.2% of total revenues, and ARPDAU for myVEGAS, myKONAMI, and Brainium saw double-digit year-over-year increases. The integration of recent acquisition Pixode is underway, and efforts to leverage sweepstakes as a promotional tool are in progress. The company reiterated its financial guidance for 2024 with expected revenues between $285 million and $295 million and consolidated adjusted EBITDA ranging from $55 million to $65 million.Adjusted EBITDA Growth
Adjusted EBITDA increased by 8% year-over-year, and margins grew by 270 basis points to 20.5%.
Cost-Saving Measures
A restructuring plan is expected to save approximately $25 million to $30 million annually.
Direct-to-Consumer Sales Growth
Direct-to-consumer business accounted for 7.2% of total revenues, up from 4.5% last quarter.
Brainium Performance
Brainium posted year-over-year growth in revenues and ARPDAU driven by new advertising formats.
Successful Share Repurchase
The share repurchase program resulted in nearly 10% of total issued stock being bought back this 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 |
|---|---|---|---|
| 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% |
| Mar 11, 2024 | $2.20 | $2.33 | +5.91% |
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 Feb 20, 2025, TBA Not Confirmed.
What is PLAYSTUDIOS (MYPS) earnings time?
PLAYSTUDIOS (MYPS) earnings time is at Feb 20, 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 2024 (Q4) is -$0.08.
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