NASDAQ$MYPS

Playstudios Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced second quarter results

PLAYSTUDIOS, Inc. reported second quarter revenue of $68.4 million and net income of $5.5 million. playAWARDS Purchases were up 26% YoY with Retail Value of Purchases up 37% YoY.

  • Revenue was $68.4 million during the second quarter of 2022, compared to $70.8 million during the second quarter of 2021.
  • Net income was $5.5 million during the second quarter of 2022, compared to net loss of $7.0 million during the second quarter of 2021.
  • AEBITDA was $7.3 million during the second quarter of 2022, compared to $3.4 million during the second quarter of 2021.
  • Expanded collection of playAWARDS loyalty partners to over 100 with the addition of Sonic, Famous Dave’s and Papa Gino’s.

Headline financials

Total Revenue

$68.4M

Previous: $70.8M-3.5%
EPS (adj)

$0.04

Previous: -$0.07+157.1%
Average DAU

1.5M

Previous: 1.3M+17.2%
Average MAU

6.6M

Previous: 4.3M+54.4%
ARPDAU

$0.51

Previous: $0.62-17.7%
Average DPU

29.0K

Previous: 34.0K-14.7%
Average Daily Payer Conversion

2.0%

Previous: 2.7%-25.9%
Purchases (units)

567.0K

Previous: 534.0K+6.2%
Retail Value of Purchases

$32.5M

Previous: $29.5M+9.9%
Available Rewards (units)

532

Previous: 466+14.2%
Capital Expenditures

-$4.03M

Previous: -$491K-720.4%
Free Cash Flow

$1.48M

Previous: -$7.53M+119.6%
Net Income

$5.5M

Previous: -$7.04M+178.2%
Operating Income

-$5.6M

Previous: -$13M+56.9%
Gross Profit

-$29.2M

Previous: -$29.9M+2.4%
Cash & Equivalents

$221M

Previous: $230M-4.0%
Total Assets

$333M

Previous: $334M-0.5%
Stock-Based Comp

$3.14M

Previous: $2.03M+54.8%

Revenue & EPS history

Playstudios · Revenue · Quarterly

$68.4M

Q2 2022-3.5%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The Company is updating its expectation for full-year 2022 revenue to be in the range of $270.0 million to $285.0 million. In addition, the full-year AEBITDA is now expected to be in the range of $30.0 million to $35.0 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 Q2 2022

Historical avgQ2 2022

-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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