PLAYSTUDIOS, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 05:28 pm EDT
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PLAYSTUDIOS, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 68.35 million compared to USD 70.82 million a year ago. Net income was USD 5.5 million compared to net loss of USD 7.04 million a year ago.
For the six months, sales was USD 138.8 million compared to USD 144.92 million a year ago. Net loss was USD 19.71 million compared to USD 1.12 million 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. 
