Loading...
•
Sep 30, 2022
Playstudios Q3 2022 Earnings Report
Revenues and Adjusted EBITDA grew QoQ in the Third Quarter.
Key Takeaways
PLAYSTUDIOS announced strong third-quarter results with both annual and quarterly momentum. Revenue was $72.1 million, and net income was $3.6 million. The company completed the acquisition of Brainium and updated its full-year 2022 revenue guidance to $275.0 million to $285.0 million.
Revenue was $72.1 million, compared to $70.6 million during the third quarter of 2021.
Net income was $3.6 million, compared to $11.2 million during the third quarter of 2021.
AEBITDA was $9.8 million, compared to $9.6 million during the third quarter of 2021.
Completed the transformative acquisition of Brainium, which is immediately accretive to AEBITDA margins.
Forward Guidance
The Company is updating its expectation for full-year 2022 revenue to be in the range of $275.0 million to $285.0 million. In addition, the full-year AEBITDA is now expected to be in the range of $32.0 million to $35.0 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...