Quarterly ResultMay 11, 2026, 04:38 PM
PLAYSTUDIOS Q1 Revenue $58.4M; Net Loss $10.7M
AI Summary
PLAYSTUDIOS, Inc. announced its first quarter 2026 financial results, reporting a 6.9% decrease in revenue to $58.4 million and a widened net loss of $10.7 million. Consolidated AEBITDA also declined significantly to $3.6 million. Despite the financial pressures on its legacy portfolio, the company highlighted meaningful progress in repositioning for the future, including growth in direct-to-consumer revenue, scaling of Tetris Block Party, and advancements in The Win Zone. PLAYSTUDIOS is also implementing a broader 'Renewal' program expected to generate substantial annualized cost savings and plans to repurchase shares under its existing authorization.
Key Highlights
- PLAYSTUDIOS Q1 2026 revenue decreased 6.9% to $58.4 million from $62.7 million YoY.
- Net loss widened to $10.7 million (18.3% margin) from $2.9 million (4.6% margin) YoY.
- Consolidated AEBITDA fell to $3.6 million (6.1% margin) from $12.5 million (19.9% margin) YoY.
- Direct-to-consumer revenue increased 150% to $12.4 million from $5.0 million YoY.
- User acquisition expense increased $6.5 million YoY due to growth investments.
- Renewal program is expected to generate an additional $33 million to $39 million in annualized savings.
- Cash and cash equivalents stood at $103.7 million as of March 31, 2026.
- Company intends to repurchase shares under its remaining $40.0 million authorization.