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Dec 31, 2023
Playstudios Q4 2023 Earnings Report
Announced fourth quarter results with revenue of $77.1 million and a net loss of $19.9 million.
Key Takeaways
PLAYSTUDIOS reported Q4 2023 revenue of $77.1 million and a net loss of $19.9 million. Consolidated AEBITDA was $14.7 million, with margins up 390bps year-over-year. The company introduced FY2024 financial guidance and highlighted strategic initiatives aimed at future growth.
Revenue was $77.1 million during the fourth quarter of 2023, compared to $79.4 million during the fourth quarter of 2022.
Net loss was $19.9 million during the fourth quarter of 2023, compared to net loss of $1.7 million during the fourth quarter of 2022.
Consolidated AEBITDA was $14.7 million during the fourth quarter of 2023, compared to $12.1 million during the fourth quarter of 2022.
playAWARDS added new partners and functionality in the quarter as well as expanding its presence across our games.
Revenue by Segment
Forward Guidance
The Company expects full year 2024 net revenue to be in the range of $315 - $325 million. In addition, full-year Consolidated AEBITDA is expected to be in the range of $65 - $70 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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