NASDAQ$MYPS

Playstudios Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Playstudios reported a decrease in revenue and an increase in net loss for the first quarter of 2025, while showing growth in direct-to-consumer revenue and maintaining a strong liquidity position.

PLAYSTUDIOS, Inc. announced its first quarter 2025 financial results, reporting a revenue of $62.7 million, a decrease from $77.8 million in the prior year. The company posted a net loss of $2.9 million, compared to a net loss of $0.6 million in Q1 2024. Despite the overall decline, direct-to-consumer revenue saw a significant increase of 113.9%. The company also maintained a strong cash position with $107.1 million in cash and cash equivalents.

  • Revenue for Q1 2025 was $62.7 million, a decrease from $77.8 million in Q1 2024.
  • Net loss for Q1 2025 was $2.9 million, compared to a net loss of $0.6 million in Q1 2024.
  • Consolidated AEBITDA was $12.5 million, with a margin of 19.9%, showing a slight increase in margin compared to the previous year.
  • Direct to Consumer revenue increased by 113.9% to $5.0 million in Q1 2025 from $2.3 million in Q1 2024.

Headline financials

Total Revenue

$62.7M

Previous: $77.8M-19.4%
EPS (adj)

-$0.02

Previous: $0.00
Average DAU

2.6M

Previous: 3.5M-24.7%
Average MAU

11.4M

Previous: 14.8M-22.6%
ARPDAU

$0.26

Previous: $0.24+8.3%
Average DPU

21

Previous: 27-22.2%
Average Daily Payer Conversion

0.8%

Previous: 0.8%+0.0%
Purchases (units)

281.0K

Previous: 501.0K-43.9%
Retail Value of Purchases

$17M

Previous: $40.6M-58.2%
Available Rewards (units)

367.0K

Previous: 521.0K-29.6%
Retail Value of Daily Rewards Inventory

$2.01M

Previous: $1.9M+5.5%
Capital Expenditures

-$118K

Previous: -$1.44M+91.8%
Net Income

-$2.88M

Previous: -$567K-407.9%
Operating Income

-$2.74M

Previous: -$1.7M-61.0%

Revenue & EPS history

Playstudios · Revenue · Quarterly

$62.7M

Q1 2025-19.4%vs Q1 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The company is maintaining its full year 2025 guidance for net revenue in the range of $250 million to $270 million and Consolidated AEBITDA in the range of $45 million to $55 million.

Tailwinds

  • Continued development of sweepstakes promotional capabilities, with limited release expected in Q2 2025 and scaling through the back half of the year.
  • Expanded direct-to-consumer monetization initiatives, contributing to margin improvement.
  • Progressed development of Tetris Block Party, targeting launch in Q4 2025.
  • Strengthened playAWARDS platform with the addition of new premium partners and the announcement of the second annual myVIP World Tournament of Slots.
  • Reinvention plan progressing toward targeted $25 million to $30 million in annualized cost savings.

Headwinds

  • Market conditions remain challenging, putting continued pressure on operating performance.
  • Certain items part of the projected non-GAAP financial measure are outside of control or cannot be reasonably estimated.
  • The company did not provide specific guidance on net income or EPS.
  • No specific details on potential impacts of macroeconomic factors on future performance.
  • The guidance range for both revenue and AEBITDA is broad, indicating potential variability.

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 2025

Historical avgQ1 2025

-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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