NASDAQ$MYPS
Playstudios Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced second quarter results with revenue of $72.6 million and a net loss of $2.6 million.
PLAYSTUDIOS reported a decrease in revenue to $72.6 million compared to $77.8 million in the same quarter last year, and a net loss of $2.6 million, which is a larger loss than the $0.8 million reported in Q2 2023. The company's Consolidated AEBITDA also decreased to $14.1 million from $16.3 million year-over-year. Despite these challenges, the company completed several strategic initiatives and remains focused on building a strong business.
- Revenue was $72.6 million, down from $77.8 million in Q2 2023.
- Net loss was $2.6 million, compared to a net loss of $0.8 million in Q2 2023.
- Consolidated AEBITDA was $14.1 million, down from $16.3 million in Q2 2023.
- The company purchased 11.7 million shares of Class A common stock from Microsoft.
Headline financials
Revenue & EPS history
Playstudios · Revenue · Quarterly
$72.6M
Forward guidance
The company is revising its 2024 guidance to revenues between $285 and $295 million and Consolidated AEBITDA between $55 and $60 million.
Headwinds
- Continued weakness in the broader social casino category.
- Revenues are projected to be in the range of $285 and $295 million compared to the prior outlook of $315 to $325 million.
- Consolidated AEBITDA is expected to be between $55 and $60 million vs. prior expectations of $65 and $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 Q2 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
| Quarter | Report date | Reaction (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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