PLAYSTUDIOS Inc reports results for the quarter ended June 30 - Earnings Summary

• PLAYSTUDIOS Inc MYPS reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -2 cents tozero cents per share.

• Revenue fell 18.3% to $59.34 million from a year ago; analysts expected $61.63 million.

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

• The company reported a quarterly loss of $2.95 million.

• PLAYSTUDIOS Inc shares had fallen by 16.8% this quarter and lost 41.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• 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 also "buy"

• Wall Street's median 12-month price target for PLAYSTUDIOS Inc is $2.50, about 56.4% above its last closing price of $1.09

This summary was machine generated from LSEG data August 4 at 09:02 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)