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Mar 31, 2024
Playstudios Q1 2024 Earnings Report
Announced first quarter results with revenue of $77.8 million and a net loss of $0.6 million.
Key Takeaways
PLAYSTUDIOS reported first-quarter revenue of $77.8 million and a net loss of $0.6 million. Consolidated AEBITDA was $15.3 million. The company is maintaining its full-year 2024 revenue guidance of $315 to $325 million and Consolidated AEBITDA guidance of $65 to $70 million.
Revenue was $77.8 million, compared to $80.1 million in the first quarter of 2023.
Net loss was $0.6 million, compared to a net loss of $2.6 million in the first quarter of 2023.
Consolidated AEBITDA was $15.3 million, compared to $17.8 million in the first quarter of 2023.
The company resumed the repurchase of its stock during the quarter.
Revenue by Segment
Forward Guidance
The Company is maintaining full year 2024 guidance of net revenue in the range of $315 to $325 million and Consolidated AEBITDA in the range of $65 to $70 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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