Overview

* Playstudios ( MYPS ), free-to-play mobile games developer's Q2 revenue falls to $59.3 mln, missing analyst expectations

* Company reports net loss of $2.9 mln, up from $2.6 mln a year ago

* Direct-to-consumer revenue rises 107% yr/yr, reflecting strategic focus

Outlook

* Company maintains full-year revenue guidance of $250 mln to $270 mln

* Company expects full-year AEBITDA between $45 mln and $55 mln

* Company anticipates Tetris Block Party launch in Q4 2025

Result Drivers

* DIRECT-TO-CONSUMER GROWTH - Direct-to-consumer revenue increased by 107% yr/yr, reflecting strategic focus

* MARKET HEADWINDS - Core business affected by market headwinds, impacting overall revenue

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $59.34 $61.60

Revenue mln mln (5

Analysts

)

Q2 Net -$2.95

Income mln

Q2 -$2.74

Pretax mln

Profit

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 ( MYPS ) is $2.50, about 56.4% above its August 1 closing price of $1.09

Press Release:

(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.)