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Sep 30, 2023
Playstudios Q3 2023 Earnings Report
Announced third quarter results with revenue of $75.9 million and net income of $3.8 million.
Key Takeaways
PLAYSTUDIOS reported a revenue of $75.9 million and a net income of $3.8 million for the third quarter of 2023. AEBITDA was $13.5 million with margins up 430bps from the previous year.
Revenue was $75.9 million, compared to $72.1 million in Q3 2022.
Net income was $3.8 million, compared to $3.6 million in Q3 2022.
AEBITDA was $13.5 million, compared to $9.8 million in Q3 2022.
Net cash balance of $130 million as of September 30, 2023.
Forward Guidance
The Company is increasing its 2023 AEBITDA guidance to $60 million from the previous range of $55 to $60 million. 2023 Revenue guidance is now $305 to $315 million, compared to our previous guidance of $305 to $325 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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