Playstudios Inc Stock Price, News & Analysis

PLAYSTUDIOS, a mobile and social game developer, has launched a new game called Money Blast for its myKONAMI Slots app. This game features retro graphics and classic gameplay, appealing to both slot enthusiasts and casual players. CEO Andrew Pascal noted that this title was in high demand among players. The game integrates the myVIP rewards program, allowing users to earn loyalty points for real-world rewards. PLAYSTUDIOS' games are available for download on major platforms including iOS, Android, and Kindle.

PLAYSTUDIOS (Nasdaq: MYPS) announces the launch of its first mobile board game, New York-New York Game Night, exclusively for its myVEGAS Slots app. This new game immerses players in a 1930s New York theme, allowing them to earn loyalty points and real-world rewards as they navigate a virtual board. Players can unlock jackpots, win mystery prizes, and enjoy additional in-app features while engaging with beloved classic board games. The loyalty program enables players to redeem points for rewards from over 275 brands, enhancing the gaming experience.

PLAYSTUDIOS reported third quarter 2021 revenue of $70.6 million, up from $69.7 million in Q3 2020, reflecting growth in daily payer conversion. Nine-month revenue reached $215.5 million, a 4.7% increase year-over-year. Net income rose to $11.2 million in Q3 2021, compared to $5.1 million in Q3 2020, although year-to-date net income declined to $10.1 million from $23.6 million. The company plans a $50 million stock repurchase and anticipates full-year revenue between $282.5 million and $287.5 million.

PLAYSTUDIOS (NASDAQ: MYPS) announced it will release its Q3 2021 results on November 11, 2021, after market close. A conference call will follow at 5:00 pm Eastern Time to discuss the results. Interested parties can access the live audio webcast on the investor relations website or dial in at (888) 437-3179, with international callers reaching (862) 298-0702. The audio replay will be available for one year. PLAYSTUDIOS specializes in free-to-play mobile games offering real-world rewards via its playAWARDS platform.

PLAYSTUDIOS (MYPS) has launched Bowl-A-Palooza, a series of bowling parties in partnership with Bowlero, allowing players to enjoy fun and games at various U.S. locations. Kicking off in late August in Los Angeles, the event offers attendees chances to win free bowling for a year and engage in activities like arcade games. Tickets can be reserved using myVIP loyalty points from PLAYSTUDIOS' mobile games, including myVEGAS Slots. Upcoming events are scheduled in Dallas, River Grove, and Scottsdale this fall.

PLAYSTUDIOS (NASDAQ: MYPS) has launched its new mobile game, myVEGAS Bingo, featuring Emmy-winning actress Jane Lynch as its first celebrity caller starting September 15. Players can experience unique gameplay with Lynch's commentary and unlock collectible badges. The myVIP loyalty program allows players to redeem points for exclusive merchandise and donate to Direct Relief. This move aims to enhance player engagement and expand PLAYSTUDIOS' portfolio of free-to-play games, which includes popular titles like myVEGAS Slots and myVEGAS Blackjack.

PLAYSTUDIOS (NASDAQ: MYPS) reported second quarter 2021 revenue of $70.8 million, down from $77.9 million in Q2 2020. However, revenue for the first half of 2021 increased by 6.4% to $144.9 million. The company incurred a net loss of $7.0 million in Q2 2021, a shift from the net income of $13.0 million in the same quarter the previous year. AEBITDA also declined to $3.4 million from $22.5 million year-over-year. Despite these challenges, PLAYSTUDIOS is optimistic about future growth, particularly with the launch of myVEGAS Bingo and an outlook for 2021 revenue between $290 million and $300 million.

PLAYSTUDIOS has appointed Jason Hahn as Executive Vice President and Head of Corporate and Business Development. With over 15 years of gaming and Esports experience, he will focus on mergers and acquisitions, strategic opportunities, and enhancing investor relations. Previously at Activision Blizzard, Hahn played a key role in shaping its Esports strategy. Mr. Hahn's leadership is expected to accelerate PLAYSTUDIOS' growth as a public company, particularly in expanding its unique playAWARDS loyalty platform and exploring new markets.

PLAYSTUDIOS announces the appointment of Stephanie Rosol as its first Chief People Performance Officer amid its strategy to enhance workforce performance. With 25 years in executive coaching and human resources, Rosol aims to improve company culture and support employee growth. Previously a consultant for PLAYSTUDIOS and Vice President of Human Resources at Wynn Resorts, she will oversee initiatives in culture, coaching, diversity, and philanthropy. Her experience and vision are expected to strengthen the company’s workforce and community impact.