Profile
Sector:
Communication ServicesIndustry:
Electronic Gaming & MultimediaCountry:
United StatesIPO:
21 December 2020Website:
http://playstudios.comNext earnings report:
11 March 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 20 Nov 2024 21:02:30 GMTDividend
Analysts recommendations
Institutional Ownership
MYPS Latest News
Shares are up more than 10% following the Q3 earnings release. Given the challenges to returning to organic growth, management has undertaken a strategic restructuring to reduce expenses and improve profitability. The current valuation appears undemanding, with the company's net cash representing more than half the current market cap.
PLAYSTUDIOS, Inc. (NASDAQ:MYPS ) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Samir Jain – Head of Treasury and Investor Relations Andrew Pascal – Chairman and Chief Executive Officer Scott Peterson – Chief Financial Officer Conference Call Participants Aaron Lee – Macquarie Mike Hickey – Benchmark Danny Pfeiffer – JP Morgan David Pang – Stifel Greg Gibas – Northland Securities Martin Yang – Oppenheimer Operator Greetings, and welcome to the PLAYSTUDIOS Third Quarter 2024 Earnings Call and Webcast. At this time, all participants are in a listen-only mode.
LAS VEGAS--(BUSINESS WIRE)--PLAYSTUDIOS, Inc. (Nasdaq: MYPS) (“PLAYSTUDIOS” or the “Company”), the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, today announced that it will release its third quarter 2024 results after the close of the market on Monday, November 4, 2024. The Company will host a conference call and audio webcast on Monday, November 4, 2024 at 5:00 pm Eastern Time to disc.
Playstudios shares are down sharply since its Q2 earnings release, where weak performance prompted a reduction to full-year guidance. Despite the organic growth challenges that the company is facing, valuation appears attractive with more than half its market cap in cash. While capital allocation remains key, due to the ongoing uncertainty and the lack of near-term catalysts, I am downgrading MYPS stock to a hold.
PLAYSTUDIOS, Inc. (MYPS) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.02 per share a year ago.
LAS VEGAS--(BUSINESS WIRE)--playSTUDIOS, the award-winning developer and publisher of free-to-play mobile games that offer real-world rewards to players, today announced its inaugural million-dollar myVIP World Tournament of Slots (WToS) event taking place from October 24-27, 2024 at Atlantis Paradise Island in the Bahamas. The high-profile tournament will bring together slot enthusiasts from the digital and real world who will compete for a top cash prize of $1 million and the prestigious titl.
LAS VEGAS--(BUSINESS WIRE)--PLAYSTUDIOS, Inc. (Nasdaq: MYPS) (“PLAYSTUDIOS” or the “Company”), the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, today announced the Company has repurchased 11,677,398 shares of the Company's Class A common stock held by Microsoft Corporation. Shares were purchased at a price of $2.11 per share and funded with available cash. Total consideration paid by P.
LAS VEGAS--(BUSINESS WIRE)--PLAYSTUDIOS, Inc. (Nasdaq: MYPS) (“PLAYSTUDIOS” or the “Company”), the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, today announced the company has entered into an agreement to purchase the 11,677,398 shares of the Company's Class A common stock held by Microsoft Corporation. Shares will be purchased at a price of $2.11 per share and funded with available ca.
Playstudios shares are down nearly 20% this year, despite solid business performance. The company continues to exhibit strong profitability, even as revenue has stagnated in recent quarters. The company's net cash position comprises of more than 40% of its current market cap, and management is executing a $50 million share repurchase program.
LAS VEGAS--(BUSINESS WIRE)--Today, on World Tetris® Day, playSTUDIOS, Inc. (NASDAQ: MYPS), the award-winning developer and publisher of free-to-play mobile games that offer real-world rewards to players, announced the immediate release of Tetris Block Puzzle and a fresh update to Tetris mobile, commemorating the Tetris brand's 40th anniversary with exciting new enhancements. Since securing exclusive global rights in 2021 to develop and publish Tetris titles on mobile platforms, playSTUDIOS has.
What type of business is PLAYSTUDIOS?
PLAYSTUDIOS, Inc. develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally. The company's game portfolio includes a diverse range of titles comprising social casino, card, puzzle, and adventure games. It also offers POP! Slots, myVEGAS Slots, my KONAMI Slots, MGM Slots Live, myVEGAS Blackjack, myVEGAS Bingo, Tetris, Solitaire, Spider Solitaire, Jumbline 2, Sudoku, and Mahjong games. PLAYSTUDIOS, Inc. is headquartered in Las Vegas, Nevada.
What sector is PLAYSTUDIOS in?
PLAYSTUDIOS is in the Communication Services sector
What industry is PLAYSTUDIOS in?
PLAYSTUDIOS is in the Electronic Gaming & Multimedia industry
What country is PLAYSTUDIOS from?
PLAYSTUDIOS is headquartered in United States
When did PLAYSTUDIOS go public?
PLAYSTUDIOS initial public offering (IPO) was on 21 December 2020
What is PLAYSTUDIOS website?
https://playstudios.com
Is PLAYSTUDIOS in the S&P 500?
No, PLAYSTUDIOS is not included in the S&P 500 index
Is PLAYSTUDIOS in the NASDAQ 100?
No, PLAYSTUDIOS is not included in the NASDAQ 100 index
Is PLAYSTUDIOS in the Dow Jones?
No, PLAYSTUDIOS is not included in the Dow Jones index
When was PLAYSTUDIOS the previous earnings report?
No data
When does PLAYSTUDIOS earnings report?
The next expected earnings date for PLAYSTUDIOS is 11 March 2025