Playstudios Inc
NASDAQ:MYPS
Playstudios Inc
PLAYSTUDIOS, Inc. is a publisher of free-to-play casual games for mobile and social platforms that are powered by a differentiated playAWARDS loyalty platform. The company is headquartered in Las Vegas, Nevada and currently employs 504 full-time employees. The company went IPO on 2020-10-23. The Company’s collection of published titles is powered by its playAWARDS loyalty marketing platform, which enables players to earn real-world rewards from a portfolio of over 95 partners and 290 entertainment, retail, technology, travel, leisure, and gaming brands across 17 countries and four continents.
PLAYSTUDIOS, Inc. is a publisher of free-to-play casual games for mobile and social platforms that are powered by a differentiated playAWARDS loyalty platform. The company is headquartered in Las Vegas, Nevada and currently employs 504 full-time employees. The company went IPO on 2020-10-23. The Company’s collection of published titles is powered by its playAWARDS loyalty marketing platform, which enables players to earn real-world rewards from a portfolio of over 95 partners and 290 entertainment, retail, technology, travel, leisure, and gaming brands across 17 countries and four continents.
Revenue Decline: PLAYSTUDIOS reported Q3 revenue of $57.6 million, down 19.1% year-over-year and 2.7% sequentially, reflecting continued pressure in core markets.
Guidance Lowered: Management now expects full year 2025 revenue and adjusted EBITDA to fall below the low end of prior guidance due to ongoing softness in player activity and monetization.
User Metrics Weakness: Both Monthly Active Users (MAU) and Daily Active Users (DAU) saw year-over-year and sequential declines, mainly in the casual segment.
Sweepstakes Expansion: The Win Zone sweepstakes product is live in 15 states and gaining traction; management aims for nationwide rollout in all qualified jurisdictions by year-end.
Direct-to-Consumer Growth: D2C revenue grew 48% sequentially to $7.7 million, now making up 16.7% of total in-app purchase revenue.
Cost Controls & Efficiency: Expense reductions and focus on core growth projects have preserved profitability but haven't offset structural market headwinds.
Product Pipeline: Tetris Block Party is preparing for a broader Q1 launch after encouraging beta results, and technology investments like AI are being leveraged for efficiency.
Optionality for Future: Management is open to both organic and inorganic options, including potential M&A and strategic partnerships, to reposition for growth.
