NASDAQ$MYPS

Playstudios Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

PLAYSTUDIOS announced its Q4 2022 earnings, with revenue and Adjusted EBITDA growing YoY and QoQ.

PLAYSTUDIOS finished the year with solid momentum, exceeding guidance and consensus expectations. Revenue and AEBITDA exceeded year ago and third quarter results. AEBITDA margins were 170bps ahead of third quarter results. The company is introducing 2023 guidance that represents revenue and AEBITDA growth from 2022 levels and a marked increase in overall profitability.

  • Revenue was $79.4 million during the fourth quarter of 2022, compared to $71.9 million during the fourth quarter of 2021.
  • Net loss was $1.7 million during the fourth quarter of 2022, compared to net income of $0.6 million during the fourth quarter of 2021.
  • AEBITDA was $12.1 million during the fourth quarter of 2022, compared to $12.0 million during the fourth quarter of 2021.
  • playAWARDS grew meaningfully in 2022 with partners, available rewards, and player purchases all increasing by double digit percentages vs. year ago levels.

Headline financials

Total Revenue

$79.4M

Previous: $71.9M+10.4%
EPS (adj)

-$0.02

Previous: -$0.01-100.0%
Average DAU

3.2M

Previous: 1.3M+145.3%
Average MAU

11.5M

Previous: 4.8M+137.1%
ARPDAU

$0.26

Previous: $0.61-57.4%
Average DPU

29.0K

Previous: 33.0K-12.1%
Purchases (units)

512.0K

Previous: 482.0K+6.2%
Retail Value of Purchases

$30.2M

Previous: $28.8M+4.9%
Available Rewards (units)

574.0K

Previous: 542.0K+5.9%
Capital Expenditures

$1.13M

Previous: $769K+46.6%
Free Cash Flow

$1.03M

Previous: $12.3M-91.7%
Net Income

-$1.7M

Previous: $618K-375.6%
Operating Income

-$4.46M

Previous: $3.25M-237.4%
Gross Profit

$57.6M

Previous: $50.1M+15.1%
Cash & Equivalents

$134M

Previous: $214M-37.2%
Total Assets

$352M

Previous: $335M+5.1%
Stock-Based Comp

$4.16M

Previous: $775K+437.3%

Revenue & EPS history

Playstudios · Revenue · Quarterly

$79.4M

Q4 2022+10.4%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

The Company expects full-year 2023 revenue to be in the range of $300.0 million to $320.0 million. In addition, full-year AEBITDA is expected to be in the range of $47.5 million to $52.5 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 Q4 2022

Historical avgQ4 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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