Playstudios reports Q3 EPS (7c) vs (2c) last year

Reports Q3 revenue $57.6M, consensus $58.77M. Andrew Pascal, Chairman and Chief Executive Officer of PLAYSTUDIOS (MYPS), commented, “While our core social casino business continues to encounter meaningful market headwinds, we remain focused and committed to our strategic priorities. We’re seeing growing traction in our direct-to-consumer channel, continued progress with the development of our sweepstakes initiative, and promising early momentum in Tetris Block Party. Together, these signals validate our direction and bolster our confidence in the future. We are intensely focused on stabilizing the business, while we also build the capabilities we believe will fuel the next phase of growth in the quarters ahead.”