Earnings ·
PLAYSTUDIOS, Inc. reported second quarter results for the period ended June 30, 2026, showing revenue of $55.0…
MYPSWPLAYSTUDIOS, Inc.
PLAYSTUDIOS, Inc. reported second quarter results for the period ended June 30, 2026, showing revenue of $55.0 million, a decline from $59.3 million in the prior year period. The company posted a net loss of $13.3 million compared to a net loss of $2.9 million previously, while Consolidated AEBITDA decreased to $7.3 million from $10.7 million. Direct-to-consumer revenue surged 120% to $14.7 million, offsetting secular pressure on legacy social casino titles. Management is advancing the 'Renewal' restructuring program, which includes closing four studios and eliminating 177 positions, targeting an additional $33.0 million to $39.0 million in annualized savings. The company reassessed investments in growth initiatives Tetris Block Party and playSWEEPS due to slower-than-expected performance and reduced engagement metrics. PLAYSTUDIOS operates as a developer and publisher of free-to-play mobile and social games, including the Tetris app and myVEGAS titles, alongside its playAWARDS loyalty platform.