NASDAQ$MYPS

Playstudios Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Announced first quarter results with revenue of $77.8 million and a net loss of $0.6 million.

PLAYSTUDIOS reported first-quarter revenue of $77.8 million and a net loss of $0.6 million. Consolidated AEBITDA was $15.3 million. The company is maintaining its full-year 2024 revenue guidance of $315 to $325 million and Consolidated AEBITDA guidance of $65 to $70 million.

  • Revenue was $77.8 million, compared to $80.1 million in the first quarter of 2023.
  • Net loss was $0.6 million, compared to a net loss of $2.6 million in the first quarter of 2023.
  • Consolidated AEBITDA was $15.3 million, compared to $17.8 million in the first quarter of 2023.
  • The company resumed the repurchase of its stock during the quarter.

Headline financials

Total Revenue

$77.8M

Previous: $80.1M-2.9%
EPS

$0.00

Previous: -$0.02+100.0%
Average DAU

3.5M

Previous: 3.6M-2.0%
Average MAU

14.8M

Previous: 13.1M+12.8%
ARPDAU

$0.24

No prior period
Average DPU

27

Previous: 28.0K-99.9%
Average Daily Payer Conversion

0.8%

Previous: 0.8%+0.0%
Purchases (units)

501.0K

No prior period
Retail Value of Purchases

$40.6M

No prior period
Available Rewards (units)

521.0K

No prior period
Retail Value of Daily Rewards Inventory

$1.9M

No prior period
Capital Expenditures

-$1.44M

Previous: -$1.85M+22.0%
Free Cash Flow

-$2.01M

Previous: -$4.42M+54.5%
Net Income

-$567K

Previous: -$2.57M+77.9%
Operating Income

-$1.7M

Previous: -$2.21M+22.8%
Gross Profit

$56.3M

Previous: -$30.6M+284.2%
R&D Expense

$18M

No prior period

Revenue & EPS history

Playstudios · Revenue · Quarterly

$77.8M

Q1 2024-2.9%vs Q1 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The Company is maintaining full year 2024 guidance of net revenue in the range of $315 to $325 million and Consolidated AEBITDA in the range of $65 to $70 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 2024

Historical avgQ1 2024

-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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