Playstudios downgraded at Benchmark after weaker-than-expected quarter

As previously reported, Benchmark downgraded Playstudios (MYPS) to Hold from Speculative Buy with no price target after the company reported a weaker-than-expected quarter, missing consensus expectations on both revenue and profitability and continuing to show meaningful deterioration in its core operating metrics. Engagement metrics, including average DAU down 25.3% year-over-year and MAU down 25.7%, highlight ongoing challenges in player acquisition and retention, the analyst tells investors.