PLAYSTUDIOS (NASDAQ:MYPS) First Quarter 2024 Results
Key Financial Results
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Revenue: US$77.8m (down 2.9% from 1Q 2023).
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Net loss: US$567.0k (loss narrowed by 78% from 1Q 2023).
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US$0.004 loss per share (improved from US$0.019 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
PLAYSTUDIOS Earnings Insights
Looking ahead, revenue is forecast to grow 3.0% pa on average during the next 3 years, compared to an 8.3% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company’s shares are up 8.9% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We’ve done some analysis and you can see our take on PLAYSTUDIOS’ balance sheet.
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