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Dec 31, 2022
Playstudios Q4 2022 Earnings Report
PLAYSTUDIOS announced its Q4 2022 earnings, with revenue and Adjusted EBITDA growing YoY and QoQ.
Key Takeaways
PLAYSTUDIOS finished the year with solid momentum, exceeding guidance and consensus expectations. Revenue and AEBITDA exceeded year ago and third quarter results. AEBITDA margins were 170bps ahead of third quarter results. The company is introducing 2023 guidance that represents revenue and AEBITDA growth from 2022 levels and a marked increase in overall profitability.
Revenue was $79.4 million during the fourth quarter of 2022, compared to $71.9 million during the fourth quarter of 2021.
Net loss was $1.7 million during the fourth quarter of 2022, compared to net income of $0.6 million during the fourth quarter of 2021.
AEBITDA was $12.1 million during the fourth quarter of 2022, compared to $12.0 million during the fourth quarter of 2021.
playAWARDS grew meaningfully in 2022 with partners, available rewards, and player purchases all increasing by double digit percentages vs. year ago levels.
Forward Guidance
The Company expects full-year 2023 revenue to be in the range of $300.0 million to $320.0 million. In addition, full-year AEBITDA is expected to be in the range of $47.5 million to $52.5 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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