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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.
Playstudios
Playstudios
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.