Playstudios slumps on Q2 revenue miss as daily active users drop

Playstudios

12/08/2021 13:37

** Shares of free-to-play casual games developer  MYPS.O 
down as much as 6.09% at $5.4 premarket 
    ** Co posts Q2 revenue of $70.8 mln, missing Refinitiv IBES
estimates of  $71.7 mln,  hurt by a fall in average daily active
users  urn:newsml:reuters.com:*:nBw3xQ3Gta
    **  Co expects its full-year 2021 revenue to be in the range
of $290 million to $300 million
    ** Stock down ~44% YTD, as of last close
    
    

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))