PLAYSTUDIOS Q2 2024 GAAP EPS $(0.02), Inline, Sales $72.590M Miss $74.561M Estimate
Portfolio Pulse from Benzinga Newsdesk
PLAYSTUDIOS (NASDAQ:MYPS) reported Q2 2024 GAAP EPS of $(0.02), meeting analyst estimates but showing a 100% increase in losses compared to the same period last year. Sales were $72.590 million, missing the $74.561 million estimate and showing a 6.69% decrease year-over-year.
August 05, 2024 | 8:48 pm
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NEGATIVE IMPACT
PLAYSTUDIOS reported Q2 2024 GAAP EPS of $(0.02), meeting analyst estimates but showing a 100% increase in losses compared to the same period last year. Sales were $72.590 million, missing the $74.561 million estimate and showing a 6.69% decrease year-over-year.
The company's earnings per share met expectations, but the significant year-over-year increase in losses and the miss on sales estimates are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100