![]() ![]() Completed the transformative acquisition of Brainium, which is immediately accretive to AEBITDA margins.Even after this impactful acquisition, we maintain a very healthy balance sheet, no borrowings, and full access to our revolving credit facility.” It’s early days, but integration is going smoothly and we couldn’t be happier. We view Brainium as an excellent complement to our existing game portfolio and significant for our playAWARDS expansion. He added “Of course the big news was our acquisition of Brainium and its collection of 10 highly engaging casual games with nearly 2 million DAU. playAWARDS continued to grow in the quarter and currently includes nearly 600 unique awards for our millions of connected users.” Similar to its impact on our core suite of games, we expect a loyalty lift in both Tetris and myVEGAS Bingo. Updated versions of the games will be available in the new year, with playAWARDS fully integrated on both products. We made substantial progress in our two new gaming initiatives, Tetris and myVEGAS Bingo, and are encouraged about how they are positioned for 2023. We were able to hold DAU and MAU largely flat versus the second quarter of 2022, while growing ARPDAU in our suite of social casino games. Against an economic and industry backdrop that remains challenging, we believe our performance is particularly noteworthy. Results showed both annual and quarterly momentum, with many of our recent initiatives beginning to bear fruit. AEBITDA, a non-GAAP financial measure defined below, was $9.8 million during the third quarter of 2022, compared to $9.6 million during the third quarter of 2021.Īndrew Pascal, Chief Executive Officer of PLAYSTUDIOS, commented, “We had a strong third quarter and I’m proud of how our team performed.Net income was $3.6 million during the third quarter of 2022, compared to $11.2 million during the third quarter of 2021.Revenue was $72.1 million during the third quarter of 2022, compared to $70.6 million during the third quarter of 2021.(NASDAQ: MYPS) (“PLAYSTUDIOS” or the “Company”), the developer of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games, today announced financial results for the third quarter ended September 30, 2022. Las Vegas, Nevada – Novem– PLAYSTUDIOS, Inc. Updating FY2022 Guidance to reflect recent acquisition of Brainium Revenues and Adjusted EBITDA grew QoQ in the Third Quarter
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