PLAYSTUDIOS (MYPS)
NASDAQ:MYPS
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PLAYSTUDIOS
(NASDAQ:MYPS)
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Rating:51Neutral
Price Target:
$0.49
▲(12.05% Upside)
Action:Reiterated
Date:05/16/26
The score is held up mainly by a low-leverage balance sheet and positive free cash flow, but is weighed down by ongoing operating/net losses and soft revenue trends. Technicals remain weak versus longer-term averages, and corporate events add elevated listing/compliance risk. Valuation support is limited due to a negative P/E and no dividend yield provided.
Positive Factors
Consistent positive free cash flow
PLAYSTUDIOS converts operations into cash despite reported losses: TTM operating and free cash flow are positive and FCF exceeded net losses. That cash generation provides durable funding for product development, capex and working capital, lowering near-term financing need and supporting strategic pivots.
Negative Factors
Ongoing unprofitability
Despite solid gross margins, the company fails to convert revenue into operating profit, producing negative EBIT and net margins. Persistent unprofitability erodes equity, limits reinvestment capacity, and forces reliance on cost cuts or external financing to sustain operations over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent positive free cash flow
PLAYSTUDIOS converts operations into cash despite reported losses: TTM operating and free cash flow are positive and FCF exceeded net losses. That cash generation provides durable funding for product development, capex and working capital, lowering near-term financing need and supporting strategic pivots.
Read all positive factors
PLAYSTUDIOS (MYPS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$60.63M
Dividend YieldN/A
Average Volume (3M)268.30K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth-15.86%
EPS Growth-16.59%
CountryUS
Employees556
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.28
Shares Outstanding111,856,895
10 Day Avg. Volume197,763
30 Day Avg. Volume268,299
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)0.36
Price to Sales (P/S)0.35
P/FCF Ratio3.23
Enterprise Value/Market Cap-0.60
Enterprise Value/Revenue-0.16
Enterprise Value/Gross Profit-0.22
Enterprise Value/Ebitda-4.17
Forecast
1Y Price Target
$1.00Price Target Upside127.27% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)-0.13
Revenue Forecast (FY)$217.64M
PLAYSTUDIOS Business Overview & Revenue Model
Company Description
PLAYSTUDIOS, Inc. develops and publishes free-to-play casual games for mobile and social platforms in the United States, North America, and internationally. The company is headquartered in Las Vegas, Nevada....
How the Company Makes Money
PLAYSTUDIOS primarily generates revenue from (1) in-game monetization in its free-to-play mobile games and (2) its loyalty and rewards/marketing platform.
1) In-game monetization (consumer spending): The company’s games are typically free to down...
PLAYSTUDIOS Earnings Call Summary
Earnings Call Date:Sep 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted efforts to expand and innovate through new product launches like Win Zone and Tetris Block Party, along with growth in direct-to-consumer revenue. However, significant declines in revenue, player metrics, and EBITDA, coupled with challenges in the social casino market, indicate ongoing struggles. The company's strategic focus on new initiatives offers potential for future growth, but current financial pressures and market challenges weigh heavily on the outlook.Positive Updates
Win Zone Expansion
Win Zone is live in open beta across 15 states, with plans for a broader rollout in all qualified jurisdictions by year-end. The product shows steady improvements in retention, engagement, and monetization.
Negative Updates
Revenue Decline
Total revenue for the quarter was $57.6 million, down approximately 19.1% versus the third quarter of 2024 and down 2.7% sequentially.
Read all updates
Q3-2025 Updates
Positive
Negative
Win Zone Expansion
Win Zone is live in open beta across 15 states, with plans for a broader rollout in all qualified jurisdictions by year-end. The product shows steady improvements in retention, engagement, and monetization.
Read all positive updates
Company Guidance
During the PLAYSTUDIOS third quarter 2025 earnings call, the company discussed several key metrics and ongoing challenges. Total revenue for the quarter was $57.6 million, representing a 19.1% decline year-over-year and a 2.7% decrease sequentially. Adjusted EBITDA was reported at $7.2 million, down 50.5% from the previous year, with an operating margin of 12.6%. The company experienced a year-over-year decline in daily active users (DAU) by 25.3% and monthly active users (MAU) by 24.9%. Direct-to-consumer revenue showed promise with a 48% quarter-over-quarter increase, reaching $7.7 million. The company also highlighted that its liquidity position remains strong, with approximately $106.3 million in cash and no debt, although it expects full-year results to fall below previously provided guidance ranges due to continued market challenges and softening player activity.PLAYSTUDIOS Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 230.80M | 235.10M | 289.43M | 310.89M | 290.31M | 287.42M |
| Gross Profit | 167.23M | 139.27M | 216.71M | 233.09M | 204.91M | 195.78M |
| EBITDA | 8.66M | 17.92M | 38.29M | 43.36M | 20.50M | 27.49M |
| Net Income | -36.44M | -28.64M | -28.69M | -19.39M | -17.78M | 10.74M |
Balance Sheet | ||||||
| Total Assets | 282.43M | 290.62M | 322.95M | 366.32M | 352.01M | 334.84M |
| Cash, Cash Equivalents and Short-Term Investments | 103.68M | 104.94M | 109.18M | 132.89M | 134.00M | 213.50M |
| Total Debt | 6.91M | 7.73M | 10.06M | 9.94M | 16.23M | 0.00 |
| Total Liabilities | 63.10M | 62.75M | 78.24M | 77.97M | 49.70M | 31.38M |
| Stockholders Equity | 219.33M | 227.87M | 244.72M | 288.35M | 302.31M | 303.47M |
Cash Flow | ||||||
| Free Cash Flow | 29.30M | 25.37M | 41.76M | 19.25M | 4.00K | -7.02M |
| Operating Cash Flow | 26.76M | 26.34M | 45.74M | 51.72M | 33.38M | 33.88M |
| Investing Cash Flow | -17.41M | -16.90M | -26.29M | -32.31M | -102.35M | -56.94M |
| Financing Cash Flow | -13.18M | -14.91M | -41.91M | -20.18M | -9.57M | 186.89M |
PLAYSTUDIOS Technical Analysis
Positive
0.44
Price Trends
0.46
Positive
0.51
Negative
0.68
Negative
Market Momentum
<0.01
Negative
52.98
Neutral
31.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MYPS, the sentiment is Positive. The current price of 0.44 is below the 20-day moving average (MA) of 0.45, below the 50-day MA of 0.46, and below the 200-day MA of 0.68, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.98 is Neutral, neither overbought nor oversold. The STOCH value of 31.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MYPS.
PLAYSTUDIOS Risk Analysis
PLAYSTUDIOS disclosed 67 risk factors in its most recent earnings report. PLAYSTUDIOS reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
PLAYSTUDIOS Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $593.15M | 2.96 | 12.16% | ― | 9.99% | -2.49% | |
68 Neutral | $278.25M | 3.73 | -64.47% | 18.48% | ― | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $1.30B | -4.57 | 113.59% | 9.98% | 7.30% | -307.46% | |
51 Neutral | $60.63M | -1.40 | -15.65% | ― | -15.86% | -16.59% | |
48 Neutral | $134.07M | ― | -55.16% | ― | 21.25% | -77.13% |
* Communication Services Sector Average
MYPS
PLAYSTUDIOS
0.47
-0.94
-66.52%
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GDEV
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PLAYSTUDIOS Corporate Events
Delistings and Listing ChangesRegulatory Filings and ComplianceStock Split
PLAYSTUDIOS receives Nasdaq Capital Market transfer, extension
Negative
May 5, 2026
On November 5, 2025, PLAYSTUDIOS received a notice from Nasdaq that its Class A common stock had closed below $1.00 for 30 consecutive business days, putting it out of compliance with Nasdaq’s minimum bid price rule, though its shares and wa...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
PLAYSTUDIOS Resets Executive Pay With 2026 Performance Grants
Neutral
Mar 18, 2026
On March 12, 2026, PLAYSTUDIOS’ compensation committee determined that performance stock units granted in 2025 to senior executives, including CEO Andrew Pascal and other top officers, failed to meet the financial performance targets for the...
Business Operations and StrategyFinancial Disclosures
PLAYSTUDIOS Announces Major Reorganization and Workforce Reduction
Negative
Mar 16, 2026
On March 10, 2026, PLAYSTUDIOS launched an internal reorganization plan aimed at boosting efficiency and cutting operating expenses, including a roughly 27% reduction of its global workforce by the end of the second quarter of fiscal 2026. The com...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.