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Mar 31, 2023
Playstudios Q1 2023 Earnings Report
Announced first quarter results with revenue of $80.1 million and a net loss of $2.6 million.
Key Takeaways
PLAYSTUDIOS reported a first quarter revenue of $80.1 million and a net loss of $2.6 million. AEBITDA was $17.8 million with margins up 930bps from the previous year. The company raised its revenue and AEBITDA guidance for the year.
Revenue was $80.1 million, compared to $70.5 million in the first quarter of 2022.
Net loss was $2.6 million, compared to a net loss of $25.2 million in the first quarter of 2022.
AEBITDA was $17.8 million, compared to $9.1 million in the first quarter of 2022.
playAWARDS continued to expand its reach with its initial integration into Tetris.
Forward Guidance
The Company is increasing its full-year 2023 revenue to be in the range of $305 million to $325 million. In addition, full-year AEBITDA is now expected to be in the range of $50 million to $60 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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