PLAYSTUDIOS Inc
MYPS

$1.58

3.68%

Market Cap: $196M

About: PLAYSTUDIOS Inc is engaged in gaming and related business. The Company develops and operates online and mobile social gaming applications (games or game), many of which incorporate a loyalty program offering real world rewards provided by a collection of awards partners. The Company's games are free-to-play and available via the Apple App Store, Google Play Store, Amazon Appstore, and Facebook (collectively, platforms or platform operators). The Company creates games based on its own original content as well as third-party licensed brands. The Company generates revenue through the in-game sales of virtual currency and through advertising. The company has one operating segment with one business activity, developing and monetizing social games.

Employees: 710

Information Technology Prepackaged Software

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 9

6% more funds holding

Funds holding: 102 [Q1] → 108 (+6) [Q2]

1.1% more ownership

Funds ownership: 33.61% [Q1] → 34.71% (+1.1%) [Q2]

5% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 37

24% less capital invested

Capital invested by funds: $112M [Q1] → $85M (-$26.9M) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$2

27%

upside

Avg. target

$3

90%

upside

High target

$4

154%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Northland Capital Markets Greg Gibas 33% 1-year accuracy 2 / 6 met price target	154%upside $4	Outperform Maintained	6 Aug 2024
Craig-Hallum Ryan Sigdahl 47% 1-year accuracy 8 / 17 met price target	27%upside $2	Hold Downgraded	6 Aug 2024

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Financial journalist opinion

Playstudios Q2 Earnings: Bargain Valuation Amid Persistent Organic Growth Challenges (Rating Downgrade)

Playstudios shares are down sharply since its Q2 earnings release, where weak performance prompted a reduction to full-year guidance. Despite the organic growth challenges that the company is facing, valuation appears attractive with more than half its market cap in cash. While capital allocation remains key, due to the ongoing uncertainty and the lack of near-term catalysts, I am downgrading MYPS stock to a hold.

Playstudios Q2 Earnings: Bargain Valuation Amid Persistent Organic Growth Challenges (Rating Downgrade)

PLAYSTUDIOS, Inc. (MYPS) Q2 2024 Earnings Call Transcript

PLAYSTUDIOS, Inc. (NASDAQ:MYPS ) Q2 2024 Results Conference Call August 5, 2024 5:00 PM ET Company Participants Samir Jain - Head of IR and Treasury Andrew Pascal - Chairman and CEO Scott Peterson - CFO Jason Hahn - EVP, Head of Corporate and Business Development Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Corp Cory Carpenter - JP Morgan Aaron Lee - Macquarie Clark Lampen - BTIG Martin Yang - Oppenheimer and Company David Pang - Stifel Greg Gibas - Northland Securities Operator Greetings, and welcome to the PLAYSTUDIOS Second Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

PLAYSTUDIOS, Inc. (MYPS) Q2 2024 Earnings Call Transcript

Zacks Investment Research

PLAYSTUDIOS, Inc. (MYPS) Reports Q2 Loss, Lags Revenue Estimates

PLAYSTUDIOS, Inc. (MYPS) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.02 per share a year ago.

PLAYSTUDIOS, Inc. (MYPS) Reports Q2 Loss, Lags Revenue Estimates

PLAYSTUDIOS, Inc. Announces Second Quarter Results

LAS VEGAS--(BUSINESS WIRE)--PLAYSTUDIOS, Inc. (NASDAQ: MYPS) (“PLAYSTUDIOS” or the “Company”), an award-winning developer of free-to-play mobile and social games and the developer of the playAWARDS loyalty platform, today announced financial results for the second quarter ended June 30, 2024. Second Quarter Financial Highlights Revenue was $72.6 million during the second quarter of 2024, compared to $77.8 million during the second quarter of 2023. Net loss was $2.6 million during the second qua.

PLAYSTUDIOS, Inc. Announces Second Quarter Results

PLAYSTUDIOS to Release Second Quarter 2024 Results August 5

LAS VEGAS--(BUSINESS WIRE)--PLAYSTUDIOS, Inc. (Nasdaq: MYPS) (“PLAYSTUDIOS” or the “Company”), the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, today announced that it will release its second quarter 2024 results after the close of the market on Monday, August 5, 2024. The Company will host a conference call and audio webcast on Monday, August 5, 2024 at 5:00 pm Eastern Time to discuss.

PLAYSTUDIOS to Release Second Quarter 2024 Results August 5

CORRECTING and REPLACING playSTUDIOS Announces the World's Largest Slots Tournament in the Bahamas, Where Players Will Compete for a $1 Million Cash Prize

LAS VEGAS--(BUSINESS WIRE)--Please replace the release dated June 24, 2024 with the following corrected version due to multiple revisions. The updated release reads: PLAYSTUDIOS ANNOUNCES THE WORLD'S LARGEST SLOTS TOURNAMENT IN THE BAHAMAS, WHERE PLAYERS WILL COMPETE FOR A $1 MILLION CASH PRIZE The myVIP World Tournament of Slots, an exclusive and inaugural million-dollar event, will unite slot enthusiasts from the digital and real-world to compete at the Atlantis Paradise Island this October p.

CORRECTING and REPLACING playSTUDIOS Announces the World's Largest Slots Tournament in the Bahamas, Where Players Will Compete for a $1 Million Cash Prize

playSTUDIOS to Host the World's Largest Slots Tournament in the Bahamas, Offering Players a Chance to Win a $1 Million Cash Prize

LAS VEGAS--(BUSINESS WIRE)--playSTUDIOS, the award-winning developer and publisher of free-to-play mobile games that offer real-world rewards to players, today announced its inaugural million-dollar myVIP World Tournament of Slots (WToS) event taking place from October 24-27, 2024 at Atlantis Paradise Island in the Bahamas. The high-profile tournament will bring together slot enthusiasts from the digital and real world who will compete for a top cash prize of $1 million and the prestigious titl.

playSTUDIOS to Host the World's Largest Slots Tournament in the Bahamas, Offering Players a Chance to Win a $1 Million Cash Prize

PLAYSTUDIOS Purchases Shares Owned by Microsoft

LAS VEGAS--(BUSINESS WIRE)--PLAYSTUDIOS, Inc. (Nasdaq: MYPS) (“PLAYSTUDIOS” or the “Company”), the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, today announced the Company has repurchased 11,677,398 shares of the Company's Class A common stock held by Microsoft Corporation. Shares were purchased at a price of $2.11 per share and funded with available cash. Total consideration paid by P.

PLAYSTUDIOS Purchases Shares Owned by Microsoft

PLAYSTUDIOS to Purchase Shares Owned by Microsoft

LAS VEGAS--(BUSINESS WIRE)--PLAYSTUDIOS, Inc. (Nasdaq: MYPS) (“PLAYSTUDIOS” or the “Company”), the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, today announced the company has entered into an agreement to purchase the 11,677,398 shares of the Company's Class A common stock held by Microsoft Corporation. Shares will be purchased at a price of $2.11 per share and funded with available ca.

PLAYSTUDIOS to Purchase Shares Owned by Microsoft

Playstudios: Cheaply Valued With Organic Growth Expected This Year

Playstudios shares are down nearly 20% this year, despite solid business performance. The company continues to exhibit strong profitability, even as revenue has stagnated in recent quarters. The company's net cash position comprises of more than 40% of its current market cap, and management is executing a $50 million share repurchase program.

Playstudios: Cheaply Valued With Organic Growth Expected This Year

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