MYPS News & Events

Reports Q3 revenue $57.6M, consensus $58.77M. Andrew Pascal, Chairman and Chief Executive Officer of PLAYSTUDIOS, commented, "While our core social casino business continues to encounter meaningful market headwinds, we remain focused and committed to our strategic priorities. We're seeing growing traction in our direct-to-consumer channel, continued progress with the development of our sweepstakes initiative, and promising early momentum in Tetris Block Party. Together, these signals validate our direction and bolster our confidence in the future. We are intensely focused on stabilizing the business, while we also build the capabilities we believe will fuel the next phase of growth in the quarters ahead."

Backs FY25 consolidated AEBITDA view $45M-$55M.

Reports Q2 revenue $59.3M, consensus $61.63M. Andrew Pascal, Chairman and Chief Executive Officer of PLAYSTUDIOS, commented, "While our core business continues to navigate meaningful market headwinds, we remain focused and energized by the progress we're making across our strategic priorities. We're seeing growing traction in our direct-to-consumer channel, promising early momentum in our sweepstakes initiative, and continued progress on the development of Tetris Block Party. Together, these efforts validate our direction and reinforce our confidence in the future. As we work to stabilize the business, we're also building the capabilities we believe will fuel the next phase of growth in the quarters ahead."

In a post to its developer news site, Apple (AAPL) announced that the European Commission has required the company to make a series of additional changes under the Digital Markets Act. Apple stated: "Today, we're introducing updated terms that let developers with apps in the European Union storefronts of the App Store communicate and promote offers for purchase of digital goods or services available at a destination of their choice. The destination can be a website, alternative app marketplace, or another app, and can be accessed outside the app or within the app via a web view or native experience. App Store apps that communicate and promote offers for digital goods or services will be subject to new business terms for those transactions - an initial acquisition fee, store services fee, and for apps on the StoreKit External Purchase Link Entitlement Addendum, the Core Technology Commission. The CTC reflects the value Apple provides developers through ongoing investments in the tools, technologies, and services that enable them to build and share innovative apps with users. Music streaming apps on the App Store in the European Economic Area wanting to use the Music Streaming Services Entitlement can use these options." App developers and other companies that may be impacted by Apple's changes include Match Group (MTCH), Spotify (SPOT), Roblox (RBLX), Duolingo (DUOL), Bumble (BMBL), AppLovin (APP), Take-Two (TTWO), Playstudios (MYPS), Electronic Arts (EA) and Snap (SNAP).