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MYPS Playstudios News Story

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Mobile game developer Playstudios' Q4 revenue falls, net loss narrows

Overview

U.S. mobile games developer's Q4 revenue fell yr/yr

Company reported Q4 net loss narrowed from prior year

Outlook

Company did not provide specific guidance for future quarters or the full year in its press release

Result Drivers

LEGACY PORTFOLIO PRESSURE - Co said continued contraction in its legacy social casino portfolio weighed on revenue

DIRECT-TO-CONSUMER GROWTH - Direct-to-consumer revenue rose 76.7% yr/yr in Q4, helping offset some pressure in other channels

Company press release: ID:nBw1wlqrha

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Revenue$55.4 mln
Q4 Net Income-$13.69 mln
Q4 Pretax Profit-$12.61 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the software peer group is "buy" Wall Street's median 12-month price target for PLAYSTUDIOS Inc is $1.75, about 243.1% above its March 13 closing price of $0.51 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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