PLAYSTUDIOS, Inc. SEC 10-Q Report

PLAYSTUDIOS, Inc., a leading developer of free-to-play casual games, has released its Form 10-Q report for the third quarter, detailing significant financial and operational metrics. The report highlights a challenging period for the company, marked by declines in revenue and user engagement, as well as increased losses. Despite these setbacks, PLAYSTUDIOS remains committed to investing in its player engagement programs to drive future growth.

Financial Highlights

• Net Revenue: $62.7 million, a decrease of 19.4% compared to the same period last year due to a decline in virtual currency and advertising revenue.
• Operating Loss: $2.7 million, an increase of 61.0% from the previous year, reflecting higher restructuring expenses and a decrease in revenue.
• Net Loss: $2.9 million, a significant increase from a net loss of $0.6 million in the prior year, primarily due to decreased revenue and increased restructuring expenses.
• Net Loss Per Share - Basic: $(0.02), compared to $0.00 in the previous year, reflecting the increased net loss.
• Net Loss Per Share - Diluted: $(0.02), compared to $0.00 in the previous year, consistent with the basic net loss per share.

Business Highlights

• Revenue Segments: The playGAMES segment reported a decrease in net revenue by 19.6% to $62.6 million, primarily due to a decline in virtual currency and advertising revenue. The playAWARDS segment reported a net revenue of $154,000, marking its contribution to the overall revenue.
• Geographical Performance: Revenue from the United States decreased by 18.8% to $53.1 million, while revenue from all other countries decreased by 22.6% to $9.6 million, indicating a significant decline in both domestic and international markets.
• Sales Units: The playGAMES division experienced a decrease in Average Daily Active Users (DAU) by 24.7% to 2.6 million and Average Monthly Active Users (MAU) by 22.6% to 11.4 million, reflecting a reduction in user engagement.
• Future Outlook: The company plans to continue investing in its playAWARDS and myVIP programs to drive player engagement and retention, despite the current decline in user metrics and revenue.

SEC Filing: PLAYSTUDIOS, Inc. [ MYPS ] - 10-Q - May. 09, 2025