Playstudios reports Q2 EPS (2c) vs (2c) last year

Reports Q2 revenue $59.3M, consensus $61.63M. Andrew Pascal, Chairman and Chief Executive Officer of PLAYSTUDIOS (MYPS), commented, “While our core business continues to navigate meaningful market headwinds, we remain focused and energized by the progress we’re making across our strategic priorities. We’re seeing growing traction in our direct-to-consumer channel, promising early momentum in our sweepstakes initiative, and continued progress on the development of Tetris Block Party. Together, these efforts validate our direction and reinforce our confidence in the future. As we work to stabilize the business, we’re also building the capabilities we believe will fuel the next phase of growth in the quarters ahead.”