PLAYSTUDIOS, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 11, 2024 at 04:17 pm EDT
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PLAYSTUDIOS, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 77.11 million compared to USD 79.38 million a year ago. Net loss was USD 19.86 million compared to USD 1.7 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.02 a year ago.
For the full year, sales was USD 310.89 million compared to USD 290.31 million a year ago. Net loss was USD 19.39 million compared to USD 17.78 million a year ago. Basic loss per share from continuing operations was USD 0.15 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.15 compared to USD 0.14 a year ago.
PLAYSTUDIOS, Inc. is a developer of free-to-play casual games for mobile and social platforms. The Company's game portfolio includes a diverse range of titles, from social casino and card games to puzzle and adventure games. It operates in two segments: playGAMES and playAWARDS. playGAMES segment is a developer and publisher of digital games on mobile and Web platforms. The Company operates primarily in the social gaming market, which is characterized by gameplay online or on mobile devices, that is social, competitive, and self-directed in pace and session length. playGAMES also operate in the casual space. playAWARDS segment consists of all of its loyalty assets globally in which it is engaged in developing an end-to-end loyalty solution to help clients reward, enrich, motivate and retain customers, including program design, points management and administration, and broad-based fulfillment and redemption across multiple channels.
PLAYSTUDIOS, INC. 
