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.

PLAYSTUDIOS, Inc. stockholders approved an amendment to the Certificate of Incorporation to authorize the Board of Directors to effect a reverse stock split of Class A and Class B common stock at a ratio between 1-for-10 and 1-for-30. The board may exercise this authorization to effect the split within 12 months following the 2026 Annual Meeting. PLAYSTUDIOS, Inc. operates in the gaming and hospitality industry by providing social casino and social gaming platforms.