NASDAQ$MYPS

Playstudios Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Announced first quarter results with revenue of $80.1 million and a net loss of $2.6 million.

PLAYSTUDIOS reported a first quarter revenue of $80.1 million and a net loss of $2.6 million. AEBITDA was $17.8 million with margins up 930bps from the previous year. The company raised its revenue and AEBITDA guidance for the year.

  • Revenue was $80.1 million, compared to $70.5 million in the first quarter of 2022.
  • Net loss was $2.6 million, compared to a net loss of $25.2 million in the first quarter of 2022.
  • AEBITDA was $17.8 million, compared to $9.1 million in the first quarter of 2022.
  • playAWARDS continued to expand its reach with its initial integration into Tetris.

Headline financials

Total Revenue

$80.1M

Previous: $70.5M+13.7%
EPS (adj)

-$0.02

Previous: -$0.20+90.0%
Average DAU

3.6M

Previous: 1.6M+129.3%
Average MAU

13.1M

Previous: 6.9M+89.2%
Average DPU

28.0K

Previous: 31.0K-9.7%
Average Daily Payer Conversion

0.8%

Previous: 2.0%-60.0%
Capital Expenditures

-$1.85M

Previous: -$1.94M+4.5%
Free Cash Flow

-$4.42M

Previous: -$27.1M+83.7%
Net Income

-$2.57M

Previous: -$25.2M+89.8%
Operating Income

-$2.21M

Previous: -$14.8M+85.1%
Gross Profit

-$30.6M

Previous: -$29.4M-3.9%
Cash & Equivalents

$127M

Previous: $220M-42.0%
Total Assets

$352M

Previous: $329M+7.0%
Stock-Based Comp

$4.85M

Previous: $6.87M-29.3%

Revenue & EPS history

Playstudios · Revenue · Quarterly

$80.1M

Q1 2023+13.7%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The Company is increasing its full-year 2023 revenue to be in the range of $305 million to $325 million. In addition, full-year AEBITDA is now expected to be in the range of $50 million to $60 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-3.5%

Avg return

Earnings day

-6.2%

Avg return

5 days after

-2.4%

Avg return

30 days after

48%

11 / 23 earnings

Positive

+13.1%

Q3 2021

Best reaction

-20.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.4%+6.9%+18.7%
Q4 2025+1.3%-3.2%-6.0%
Q3 2025-8.8%-12.4%-29.5%
Q1 2025-5.8%+10.7%+5.0%
Q4 2024-12.0%-17.3%-16.7%
Q3 2024+6.6%+13.1%+50.4%
Q2 2024-18.6%-26.7%-30.0%
Q1 2024+3.0%-2.6%-1.3%
Q4 2023+8.9%-1.9%+28.5%
Q3 2023-5.4%-5.4%-7.6%
Q2 2023-16.5%-16.0%-23.2%
Q1 2023+1.1%+2.3%+2.0%
Q4 2022+10.0%+5.5%+3.6%
Q3 2022-20.2%-12.5%-11.8%
Q2 2022+6.2%+11.5%-7.8%
Q1 2022-17.0%-28.2%+5.7%
Q4 2019-7.0%-3.7%+21.6%
Q4 2021-2.4%-21.7%-12.2%
Q3 2021+13.1%+3.0%-8.9%
Q2 2020-13.0%-25.2%-16.2%
Q2 2021-14.2%-20.4%-18.7%
Q1 2021+0.4%+0.0%-1.3%
Q4 2020+0.4%+0.8%+1.1%
Q3 2020

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