PLAYSTUDIOS Inc reports results for the quarter ended March 31 - Earnings Summary

• PLAYSTUDIOS Inc MYPS.OQ reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of four analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -4 cents tozero cents per share.

• Revenue fell 19.4% to $62.71 million from a year ago; analysts expected $64.26 million.

• PLAYSTUDIOS Inc's reported EPS for the quarter was a loss of 2 cents​.

• The company reported a quarterly loss of $2.88 million.

• PLAYSTUDIOS Inc shares had risen by 6.3% this quarter and lost 27.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 319.4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "hold"

• Wall Street's median 12-month price target for PLAYSTUDIOS Inc is $2.00

This summary was machine generated from LSEG data May 5 at 09:39 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)