PLAYSTUDIOS Inc (MYPS) Q4 2024 Earnings Call Highlights: Navigating Challenges and Embracing ...
Company Performance and Restructuring: PLAYSTUDIOS Inc reported full-year revenue and adjusted EBITDA in line with 2024 guidance, despite a 12% decline in fourth-quarter revenues and significant drops in daily and monthly active users. The company has restructured its operations, including a 30% workforce reduction and outsourcing R&D, while launching new initiatives like the World Tournament of Slots.
Future Initiatives and Challenges: The integration of Pixo and a new Tetris title is on track for a late 2025 launch, but the company anticipates ongoing challenges in user growth and revenue from new sweepstakes features due to regulatory risks and market pressures.
Get Free Real-Time Notifications for Any Stock
Analyst Views on MYPS
About MYPS
About the author
PLAYSTUDIOS Scheduled to Announce Q3 2025 Results on November 3rd
Earnings Release Announcement: PLAYSTUDIOS, Inc. will release its third quarter 2025 results on November 3, 2025, after market close, followed by a conference call at 5:00 pm ET to discuss the results.
Accessing the Conference Call: Interested parties can listen to the call via the PLAYSTUDIOS investor relations website or by dialing designated phone numbers, with an audio replay available shortly after.
Company Overview: PLAYSTUDIOS is known for its playAWARDS loyalty platform and develops popular mobile games, including Tetris® and various casino-style games, allowing players to earn real-world rewards.
Partnerships and Benefits: The playAWARDS platform collaborates with notable brands in hospitality and entertainment, providing players with compelling real-world benefits through their gaming experiences.
Heather Dubrow, Poker Star Michael Mizrachi, and Other Special Guests to Feature at myVIP World Tournament of Slots 2025 at Atlantis Paradise Island, Backed by Jenny McCarthy's Promotion
Tournament Overview: The myVIP World Tournament of Slots (WTOS) 2025 will take place from October 22–26, 2025, at Atlantis Paradise Island, Bahamas, featuring 500 top players competing for a $1 million grand prize.
Celebrity Involvement: The event will be promoted by celebrities Jenny McCarthy and Heather Dubrow, with poker champion Michael "The Grinder" Mizrachi also participating to enhance the tournament's excitement.
PLAYSTUDIOS Commitment: The tournament is part of PLAYSTUDIOS' myVIP Rewards program, which aims to provide world-class gaming experiences that blend social gaming with real-world rewards.
Atlantis Paradise Island Features: The resort offers a variety of attractions, including a waterpark, marine habitat, numerous dining options, and luxury accommodations, making it an ideal venue for the tournament.