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Sep 30, 2024
Playstudios Q3 2024 Earnings Report
PLAYSTUDIOS announced third quarter results with revenue of $71.2 million and a net loss of $3.1 million.
Key Takeaways
PLAYSTUDIOS reported Q3 2024 results with revenue above consensus expectations at $71.2 million. The company experienced a net loss of $3.1 million, but AEBITDA margins increased to 20.5%. Strategic initiatives and a newly instituted reinvention program aim to improve profitability and long-term growth.
Revenue was $71.2 million, compared to $75.9 million in Q3 2023.
Net loss was $3.1 million, compared to a net loss of $3.8 million in Q3 2023.
Consolidated AEBITDA was $14.6 million, compared to $13.5 million in Q3 2023.
AEBITDA margins were 20.5%, a 270 basis point increase versus Q3 2023.
Revenue by Segment
Forward Guidance
The Company is maintaining full year 2024 guidance of net revenue in the range of $285 to $295 million and Consolidated AEBITDA in the range of $55 to $60 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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