NASDAQ$MYPS

Playstudios Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Announced third quarter results with revenue of $75.9 million and net income of $3.8 million.

PLAYSTUDIOS reported a revenue of $75.9 million and a net income of $3.8 million for the third quarter of 2023. AEBITDA was $13.5 million with margins up 430bps from the previous year.

  • Revenue was $75.9 million, compared to $72.1 million in Q3 2022.
  • Net income was $3.8 million, compared to $3.6 million in Q3 2022.
  • AEBITDA was $13.5 million, compared to $9.8 million in Q3 2022.
  • Net cash balance of $130 million as of September 30, 2023.

Headline financials

Total Revenue

$75.9M

Previous: $72.1M+5.2%
EPS (adj)

$0.03

Previous: $0.02+50.0%
Average DAU

3.5M

Previous: 1.5M+140.8%
Average MAU

13.7M

Previous: 6.7M+105.2%
Average DPU

26.0K

Previous: 29.0K-10.3%
Average Daily Payer Conversion

0.0%

Previous: 2.0%-99.6%
Capital Expenditures

-$5.11M

Previous: -$10.9M+52.9%
Free Cash Flow

-$1.31M

Previous: -$7.22M+81.8%
Net Income

$3.8M

Previous: $3.63M+4.7%
Operating Income

-$3.72M

Previous: -$3.18M-17.1%
Gross Profit

-$31.4M

Previous: -$30.3M-3.7%
Cash & Equivalents

$130M

Previous: $212M-38.8%
Total Assets

$345M

Previous: $334M+3.2%
R&D Expense

$17.4M

No prior period
Stock-Based Comp

$4.34M

Previous: $3.56M+22.2%

Revenue & EPS history

Playstudios · Revenue · Quarterly

$75.9M

Q3 2023+5.2%vs Q3 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The Company is increasing its 2023 AEBITDA guidance to $60 million from the previous range of $55 to $60 million. 2023 Revenue guidance is now $305 to $315 million, compared to our previous guidance of $305 to $325 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 2023

Historical avgQ3 2023

-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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