NASDAQ$MYPS

Playstudios Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced third quarter results with revenue of $70.6 million.

PLAYSTUDIOS reported third-quarter revenue of $70.6 million, a slight increase from $69.7 million in the same quarter of the previous year. Net income increased to $11.2 million compared to $5.1 million year-over-year. AEBITDA was $9.6 million, down from $13.3 million in the prior year.

  • Revenue was $70.6 million during the third quarter of 2021, compared to $69.7 million during the third quarter of 2020.
  • Net income was $11.2 million during the third quarter of 2021, compared to net income of $5.1 million during the third quarter of 2020.
  • AEBITDA was $9.6 million during the third quarter of 2021, compared to $13.3 million during the third quarter of 2020.
  • The number of rewards purchased increased 169% year-over-year and 27% sequentially, while the retail value of the purchases for the quarter was over $37 million.

Headline financials

Total Revenue

$70.6M

Previous: $45.9M+53.8%
EPS (adj)

-$0.01

Previous: $0.05-120.0%
Average DAU

1.2M

Previous: 1.4M-15.7%
Average MAU

3.6M

Previous: 4.1M-12.7%
ARPDAU

$0.65

Previous: $0.54+20.4%
Average DPU

33.0K

Previous: 33.0K+0.0%
Average Daily Payer Conversion

2.8%

Previous: 2.4%+16.7%
Purchases (units)

570.0K

Previous: 288.0K+97.9%
Retail Value of Purchases

$37.4M

Previous: $13.9M+169.2%
Available Rewards (units)

518.0K

No prior period
Capital Expenditures

-$1.24M

Previous: $668K-285.8%
Free Cash Flow

$10M

Previous: $8.29M+20.5%
Net Income

$11.2M

Previous: $5.12M+119.5%
Operating Income

-$799K

Previous: $6.04M-113.2%
Gross Profit

-$29.5M

Previous: $45.9M-164.3%
Cash & Equivalents

$226M

Previous: $42.8M+427.8%
Total Assets

$331M

Previous: $271K+121889.6%
Stock-Based Comp

$751K

Previous: $1.27M-40.8%

Revenue & EPS history

Playstudios · Revenue · Quarterly

$70.6M

Q3 2021+53.8%vs Q3 2020
Beat estimate in 9 of 11 quarters(82%)
ActualEstimate

Forward guidance

The Company expects its full-year 2021 revenue to be in the range of $282.5 million to $287.5 million. In addition, the full-year AEBITDA expectation remains in the range of $35 million to $40 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 Q3 2021

Historical avgQ3 2021

-3.5%

Avg return

Earnings day

-6.2%

Avg return

5 days after

-3.3%

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%
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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