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Jun 30, 2022
Playstudios Q2 2022 Earnings Report
Announced second quarter results
Key Takeaways
PLAYSTUDIOS, Inc. reported second quarter revenue of $68.4 million and net income of $5.5 million. playAWARDS Purchases were up 26% YoY with Retail Value of Purchases up 37% YoY.
Revenue was $68.4 million during the second quarter of 2022, compared to $70.8 million during the second quarter of 2021.
Net income was $5.5 million during the second quarter of 2022, compared to net loss of $7.0 million during the second quarter of 2021.
AEBITDA was $7.3 million during the second quarter of 2022, compared to $3.4 million during the second quarter of 2021.
Expanded collection of playAWARDS loyalty partners to over 100 with the addition of Sonic, Famous Dave’s and Papa Gino’s.
Forward Guidance
The Company is updating its expectation for full-year 2022 revenue to be in the range of $270.0 million to $285.0 million. In addition, the full-year AEBITDA is now expected to be in the range of $30.0 million to $35.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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