PLAYSTUDIOS (NASDAQ:MYPS) Full Year 2024 Results

Key Financial Results

• Revenue: US$289.4m (down 6.9% from FY 2023).
• Net loss: US$28.7m (loss widened by 48% from FY 2023).
• US$0.22 loss per share (further deteriorated from US$0.15 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

PLAYSTUDIOS EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 73%.

Looking ahead, revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Entertainment industry in the US are expected to grow by 9.5%.

The company's shares are down 16% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on PLAYSTUDIOS' balance sheet health.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.