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Dec 31, 2024
Playstudios Q4 2024 Earnings Report
PLAYSTUDIOS reported lower revenue and a wider net loss in Q4 2024.
Key Takeaways
PLAYSTUDIOS' Q4 2024 revenue declined 12.1% year-over-year to $67.8 million, while the company posted a net loss of $22.4 million. Adjusted EBITDA fell to $12.5 million. Average DAU declined 19% to 2.7 million, but ARPDAU increased 8% to $0.27. The company is focused on cost efficiencies and new business initiatives, including sweepstakes and a new Tetris title.
Revenue decreased by 12.1% YoY to $67.8 million.
Net loss widened to $22.4 million from $19.9 million in Q4 2023.
Average DAU fell 19% to 2.7 million, while ARPDAU increased 8% to $0.27.
PLAYSTUDIOS ended Q4 2024 with $109.2 million in cash and no debt.
Revenue by Segment
Forward Guidance
PLAYSTUDIOS expects revenue between $250 million and $270 million in FY25, with adjusted EBITDA projected at $45 million to $55 million.
Positive Outlook
- Projected FY25 revenue range of $250M-$270M.
- Anticipated FY25 adjusted EBITDA of $45M-$55M.
- New Tetris title expected to launch in 2025.
- Growing sweepstakes initiative to boost user engagement.
- Company maintains a strong cash position with $109.2M and no debt.
Challenges Ahead
- Revenue declined 12.1% YoY in Q4 2024.
- Net loss widened due to restructuring and cost pressures.
- Declining DAU and MAU indicate engagement challenges.
- PlayAWARDS revenue remains minimal despite investment.
- Competitive pressures in the mobile gaming space remain high.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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