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Sep 30, 2021
Playstudios Q3 2021 Earnings Report
Announced third quarter results with revenue of $70.6 million.
Key Takeaways
PLAYSTUDIOS reported third-quarter revenue of $70.6 million, a slight increase from $69.7 million in the same quarter of the previous year. Net income increased to $11.2 million compared to $5.1 million year-over-year. AEBITDA was $9.6 million, down from $13.3 million in the prior year.
Revenue was $70.6 million during the third quarter of 2021, compared to $69.7 million during the third quarter of 2020.
Net income was $11.2 million during the third quarter of 2021, compared to net income of $5.1 million during the third quarter of 2020.
AEBITDA was $9.6 million during the third quarter of 2021, compared to $13.3 million during the third quarter of 2020.
The number of rewards purchased increased 169% year-over-year and 27% sequentially, while the retail value of the purchases for the quarter was over $37 million.
Forward Guidance
The Company expects its full-year 2021 revenue to be in the range of $282.5 million to $287.5 million. In addition, the full-year AEBITDA expectation remains in the range of $35 million to $40 million.
Historical Earnings Impact
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