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Playstudios (MYPS) investor relations material
Playstudios Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue was $57.6 million, down 19.1% year-over-year, reflecting ongoing category headwinds and contraction in the core social casino business.
Net loss increased to $9.1 million (net loss margin 15.8%) from $3.1 million (4.3%) in the prior year quarter.
Adjusted EBITDA was $7.2 million (12.6% margin), down 50.5% year-over-year.
Direct-to-consumer revenue grew 48% year-over-year to $7.7 million, now 16.7% of total in-app purchase revenue.
Leadership is focused on repositioning the business, tightening expenses, and investing in growth projects such as Sweepstakes (WinZone) and Tetris Block Party.
Financial highlights
Nine-month 2025 revenue was $179.7 million, down from $221.6 million in 2024.
Nine-month net loss was $14.9 million, compared to $6.3 million in 2024.
Nine-month consolidated AEBITDA was $30.4 million (16.9% margin), down from $44.1 million (19.9%).
Ended the quarter with $106.3 million in cash, no debt, and an undrawn $81 million credit facility.
Q3 net loss per share (basic and diluted) was $(0.07), compared to $(0.02) last year.
Outlook and guidance
Full-year net revenue and adjusted EBITDA are expected to fall below the low end of prior guidance due to recent softness in player activity and monetization.
Near-term market conditions remain challenging, but the company is focused on initiatives to strengthen long-term competitiveness.
Plans to be live with Sweepstakes in all available jurisdictions by year-end, with scaling and increased marketing to follow.
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