PLAYSTUDIOS, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 04:16 pm EDT
Share
PLAYSTUDIOS, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 77.79 million compared to USD 68.35 million a year ago. Net loss was USD 0.759 million compared to net income of USD 5.5 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
For the six months, sales was USD 157.92 million compared to USD 138.8 million a year ago. Net loss was USD 3.33 million compared to USD 19.71 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.16 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.16 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.