The latest announcement is out from PLAYSTUDIOS ( (MYPS) ).
On March 7, 2025, James Murren resigned from the Board of Directors of PLAYSTUDIOS, Inc., where he served as Chairman of the Audit Committee. The company also adopted a Severance and Change in Control Plan to provide benefits to eligible officers and management employees in case of qualifying terminations. Additionally, the Compensation Committee approved grants of restricted and performance stock units to key executives. PLAYSTUDIOS reported a decrease in revenue and net loss for the fourth quarter of 2024 compared to the previous year, but highlighted its strategic focus on growth initiatives, including new business ventures in sweepstakes and a Tetris title. The company aims to leverage these efforts to enhance its casino portfolio and maximize shareholder value through strategic capital allocation.
More about PLAYSTUDIOS
PLAYSTUDIOS, Inc. is a developer and publisher of award-winning mobile and social games, including the iconic Tetris® mobile app and various casino-themed games like Pop! Slots and myVEGAS Slots. The company also operates the playAWARDS loyalty platform, which allows players to earn real-world rewards from global hospitality, entertainment, and leisure brands.
YTD Price Performance: -17.46%
Average Trading Volume: 174,830
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $194.5M
For detailed information about MYPS stock, go to TipRanks’ Stock Analysis page.