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Jun 30
Playstudios Q2 2025 Earnings Report
PLAYSTUDIOS, Inc. announced its second quarter results, reporting a decrease in revenue and a net loss, while highlighting progress in strategic priorities like direct-to-consumer channels and new game development.
Key Takeaways
PLAYSTUDIOS reported a challenging second quarter with revenue of $59.3 million, down from $72.6 million in the prior year, and a net loss of $2.9 million. Despite market headwinds, the company emphasized growing traction in its direct-to-consumer channel and promising early momentum in its sweepstakes initiative, alongside continued development of Tetris Block Party.
Revenue for Q2 2025 was $59.3 million, a significant decrease from $72.6 million in Q2 2024.
The company reported a net loss of $2.9 million for the quarter, compared to a net loss of $2.6 million in the same period last year.
Direct-to-Consumer revenue showed strong growth, increasing by 107% to $6.7 million in Q2 2025.
PLAYSTUDIOS maintained its full-year 2025 guidance for net revenue ($250-$270 million) and Consolidated AEBITDA ($45-$55 million), despite current performance not being on pace.
Playstudios
Playstudios
Playstudios Revenue by Segment
Revenue by Segment
playGAMES Revenue
CapyFin.complayAWARDS Revenue
CapyFin.comDirect-to-Consumer Revenue
CapyFin.com Forward Guidance
PLAYSTUDIOS is not changing its full-year 2025 guidance, expecting net revenue in the range of $250 million to $270 million and Consolidated AEBITDA in the range of $45 million to $55 million, despite current performance not being on pace.
Positive Outlook
- Continued development of sweepstakes promotional capabilities, targeting external launch in Q4 2025.
- Expanded direct-to-consumer monetization progress, showing strong growth.
- Progressed development of Tetris Block Party, targeting launch in Q4 2025.
- Strengthened playAWARDS platform and released in-game promotional events.
- Repurchased 1.4 million shares of Class A common stock, indicating confidence in company value.
Challenges Ahead
- Core business continues to navigate meaningful market headwinds.
- Current performance is not on pace with full-year 2025 guidance for net revenue.
- Current performance is not on pace with full-year 2025 guidance for Consolidated AEBITDA.
- Net loss increased compared to the prior year quarter.
- Revenue decreased significantly compared to the prior year quarter.