PLAYSTUDIOS First Quarter 2024 Earnings: US$0.004 loss per share (vs US$0.019 loss in 1Q 2023)

[email protected] (Simply Wall St)
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PLAYSTUDIOS (NASDAQ:MYPS) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$77.8m (down 2.9% from 1Q 2023).

  • Net loss: US$567.0k (loss narrowed by 78% from 1Q 2023).

  • US$0.004 loss per share (improved from US$0.019 loss in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

PLAYSTUDIOS Earnings Insights

Looking ahead, revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 8.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on PLAYSTUDIOS' balance sheet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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