PLAYSTUDIOS, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:16 pm EDT
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PLAYSTUDIOS, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 75.86 million compared to USD 72.13 million a year ago. Net income was USD 3.8 million compared to USD 3.63 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.02 a year ago.
For the nine months, sales was USD 233.77 million compared to USD 210.93 million a year ago. Net income was USD 0.471 million compared to net loss of USD 16.08 million a year ago.
PLAYSTUDIOS, Inc. is a developer of free-to-play casual games for mobile and social platforms. The Company's game portfolio includes a diverse range of titles, from social casino and card games to puzzle and adventure games. It operates in two segments: playGAMES and playAWARDS. playGAMES segment is a developer and publisher of digital games on mobile and Web platforms. The Company operates primarily in the social gaming market, which is characterized by gameplay online or on mobile devices, that is social, competitive, and self-directed in pace and session length. playGAMES also operate in the casual space. playAWARDS segment consists of all of its loyalty assets globally in which it is engaged in developing an end-to-end loyalty solution to help clients reward, enrich, motivate and retain customers, including program design, points management and administration, and broad-based fulfillment and redemption across multiple channels.