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Playstudios Q1 2025 Earnings Report
Playstudios reported a decrease in revenue and an increase in net loss for the first quarter of 2025, while showing growth in direct-to-consumer revenue and maintaining a strong liquidity position.
Key Takeaways
PLAYSTUDIOS, Inc. announced its first quarter 2025 financial results, reporting a revenue of $62.7 million, a decrease from $77.8 million in the prior year. The company posted a net loss of $2.9 million, compared to a net loss of $0.6 million in Q1 2024. Despite the overall decline, direct-to-consumer revenue saw a significant increase of 113.9%. The company also maintained a strong cash position with $107.1 million in cash and cash equivalents.
Revenue for Q1 2025 was $62.7 million, a decrease from $77.8 million in Q1 2024.
Net loss for Q1 2025 was $2.9 million, compared to a net loss of $0.6 million in Q1 2024.
Consolidated AEBITDA was $12.5 million, with a margin of 19.9%, showing a slight increase in margin compared to the previous year.
Direct to Consumer revenue increased by 113.9% to $5.0 million in Q1 2025 from $2.3 million in Q1 2024.
Revenue by Segment
Forward Guidance
The company is maintaining its full year 2025 guidance for net revenue in the range of $250 million to $270 million and Consolidated AEBITDA in the range of $45 million to $55 million.
Positive Outlook
- Continued development of sweepstakes promotional capabilities, with limited release expected in Q2 2025 and scaling through the back half of the year.
- Expanded direct-to-consumer monetization initiatives, contributing to margin improvement.
- Progressed development of Tetris Block Party, targeting launch in Q4 2025.
- Strengthened playAWARDS platform with the addition of new premium partners and the announcement of the second annual myVIP World Tournament of Slots.
- Reinvention plan progressing toward targeted $25 million to $30 million in annualized cost savings.
Challenges Ahead
- Market conditions remain challenging, putting continued pressure on operating performance.
- Certain items part of the projected non-GAAP financial measure are outside of control or cannot be reasonably estimated.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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