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Mar 31, 2022
Playstudios Q1 2022 Earnings Report
Announced first quarter results
Key Takeaways
PLAYSTUDIOS reported a revenue of $70.5 million for the first quarter of 2022, a decrease compared to $74.1 million in the same period last year. The company experienced a net loss of $25.2 million, contrasting with a net income of $5.9 million in the first quarter of 2021. AEBITDA was $9.1 million, down from $14.5 million year-over-year.
Revenue was $70.5 million, down from $74.1 million year-over-year.
Net loss was $25.2 million, compared to a net income of $5.9 million in the first quarter of 2021.
AEBITDA was $9.1 million, compared to $14.5 million in the first quarter of 2021.
Reward purchases increased 54.2% year-over-year.
Forward Guidance
The Company is reaffirming its expectation for full-year 2022 revenue to be in the range of $305.0 million to $325.0 million. In addition, the full-year AEBITDA expectation remains in the range of $40.0 million to $50.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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