NASDAQ$MYPS

Playstudios Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Announced fourth quarter results with revenue of $77.1 million and a net loss of $19.9 million.

PLAYSTUDIOS reported Q4 2023 revenue of $77.1 million and a net loss of $19.9 million. Consolidated AEBITDA was $14.7 million, with margins up 390bps year-over-year. The company introduced FY2024 financial guidance and highlighted strategic initiatives aimed at future growth.

  • Revenue was $77.1 million during the fourth quarter of 2023, compared to $79.4 million during the fourth quarter of 2022.
  • Net loss was $19.9 million during the fourth quarter of 2023, compared to net loss of $1.7 million during the fourth quarter of 2022.
  • Consolidated AEBITDA was $14.7 million during the fourth quarter of 2023, compared to $12.1 million during the fourth quarter of 2022.
  • playAWARDS added new partners and functionality in the quarter as well as expanding its presence across our games.

Headline financials

Total Revenue

$77.1M

Previous: $79.4M-2.9%
EPS (adj)

-$0.15

Previous: -$0.02-650.0%
Average DAU

3.4M

Previous: 3.2M+6.1%
Average MAU

13.3M

Previous: 11.5M+15.9%
ARPDAU

$0.25

Previous: $0.26-3.8%
Purchases (units)

422.0K

Previous: 512.0K-17.6%
Retail Value of Purchases

$27.7M

Previous: $30.2M-8.3%
Available Rewards (units)

578

Previous: 574.0K-99.9%
Capital Expenditures

$1.22M

Previous: $1.13M+8.3%
Net Income

-$19.9M

Previous: -$1.7M-1066.4%
Operating Income

-$2.71M

Previous: -$4.46M+39.2%
Gross Profit

$46M

Previous: $57.6M-20.2%
R&D Expense

$16.8M

No prior period
Stock-Based Comp

$4.33M

Previous: $4.16M+4.0%

Revenue & EPS history

Playstudios · Revenue · Quarterly

$77.1M

Q4 2023-2.9%vs Q4 2022
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

The Company expects full year 2024 net revenue to be in the range of $315 - $325 million. In addition, full-year Consolidated AEBITDA is expected to be in the range of $65 - $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 Q4 2023

Historical avgQ4 2023

-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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