PlayStudios (MYPS) To Report Earnings Tomorrow: Here Is What To Expect
Earnings Announcement: PlayStudios will announce its earnings results on Monday, with analysts expecting a revenue decline of 15.9% year-on-year to $61.07 million, following a previous quarter where it missed revenue expectations by 1.4%.
Market Performance: The company has struggled with declining active users and has missed Wall Street's revenue estimates five times in the last two years, while peers like Rush Street Interactive and Churchill Downs have reported positive growth.
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PlayStudios (MYPS) To Report Earnings Tomorrow: Here Is What To Expect
Earnings Announcement: PlayStudios will announce its earnings results on Monday, with analysts expecting a revenue decline of 15.9% year-on-year to $61.07 million, following a previous quarter where it missed revenue expectations by 1.4%.
Market Performance: The company has struggled with declining active users and has missed Wall Street's revenue estimates five times in the last two years, while peers like Rush Street Interactive and Churchill Downs have reported positive growth.
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.
