NASDAQ$MYPS

Playstudios Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Revenues and Adjusted EBITDA grew QoQ in the Third Quarter.

PLAYSTUDIOS announced strong third-quarter results with both annual and quarterly momentum. Revenue was $72.1 million, and net income was $3.6 million. The company completed the acquisition of Brainium and updated its full-year 2022 revenue guidance to $275.0 million to $285.0 million.

  • Revenue was $72.1 million, compared to $70.6 million during the third quarter of 2021.
  • Net income was $3.6 million, compared to $11.2 million during the third quarter of 2021.
  • AEBITDA was $9.8 million, compared to $9.6 million during the third quarter of 2021.
  • Completed the transformative acquisition of Brainium, which is immediately accretive to AEBITDA margins.

Headline financials

Total Revenue

$72.1M

Previous: $70.6M+2.2%
EPS (adj)

$0.02

Previous: -$0.01+300.0%
Average DAU

1.5M

Previous: 1.2M+24.6%
Average MAU

6.7M

Previous: 3.6M+87.1%
ARPDAU

$0.52

Previous: $0.65-20.0%
Average DPU

29.0K

Previous: 33.0K-12.1%
Average Daily Payer Conversion

2.0%

Previous: 2.8%-28.6%
Purchases (units)

553.0K

Previous: 570.0K-3.0%
Retail Value of Purchases

$31.4M

Previous: $37.4M-16.0%
Available Rewards (units)

595.0K

Previous: 518.0K+14.9%
Capital Expenditures

-$10.9M

Previous: -$1.24M-774.5%
Free Cash Flow

-$7.22M

Previous: $10M-172.3%
Net Income

$3.63M

Previous: $11.2M-67.7%
Operating Income

-$3.18M

Previous: -$799K-297.7%
Gross Profit

-$30.3M

Previous: -$29.5M-2.7%
Cash & Equivalents

$212M

Previous: $226M-6.2%
Total Assets

$334M

Previous: $331M+1.0%
Stock-Based Comp

$3.56M

Previous: $751K+373.4%

Revenue & EPS history

Playstudios · Revenue · Quarterly

$72.1M

Q3 2022+2.2%vs Q3 2021
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

The Company is updating its expectation for full-year 2022 revenue to be in the range of $275.0 million to $285.0 million. In addition, the full-year AEBITDA is now expected to be in the range of $32.0 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 Q3 2022

Historical avgQ3 2022

-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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