Q2 2025 PLAYSTUDIOS Inc Earnings Call Transcript
Key Points
- PLAYSTUDIOS Inc (MYPS) has launched its sweepstakes initiative in open beta across seven states, showing promising early signals in player retention, engagement, and monetization.
- The company is seeing strong growth in its direct-to-consumer business, with in-app purchase revenue up 107% year over year and 34% sequentially.
- PLAYSTUDIOS Inc (MYPS) ended the quarter with a strong cash position of approximately $112.9 million, up from $107 million in Q1, and remains debt-free.
- The development of Tetris Block Party is progressing well, with meaningful product improvements and early marketing tests providing valuable insights.
- The company is actively exploring strategic acquisitions to accelerate its momentum and position itself for market leadership in the sweepstakes category.
- Second-quarter revenue was $59 million, down approximately 18.3% year over year and 5.4% sequentially, reflecting continued softness in core casino and casual games.
- Daily Active Users (DAU) and Monthly Active Users (MAU) have declined significantly, with DAU down from 2.6 million in Q1 to 2.3 million, and MAU down from 11.4 million to 10 million.
- The core social casino portfolio continues to face pressure due to the market shift towards sweepstakes products, resulting in ongoing softness in core titles.
- Adjusted EBITDA for the quarter was $10.7 million, down 24% year over year and 14.2% sequentially, reflecting limited flow-through given revenue softness.
- The casual portfolio remains under pressure due to challenging market and competitive dynamics, leading to a deliberate scale-back in marketing spend to prioritize margin contribution.
Good afternoon, everyone, and welcome to the PLAYSTUDIOS second-quarter 2025 earnings call. (Operator Instructions) As a reminder, this conference is being recorded.
I would now like to turn the call over to Jason Hahn, PLAYSTUDIOS' Chief Strategy Officer and Head of Investor Relations. Mr. Hahn, you may begin.
Thank you, operator. Good afternoon, and thank you for joining us for PLAYSTUDIOS Q2 2025 earnings call. Joining me on the call today are our Chairman and CEO, Andrew Pascal; and our CFO, Scott Peterson.
Before we begin, please note that during this call, we may make forward-looking statements. These statements are based on our current expectations and are subject to risks and uncertainties that may cause actual results to differ materially. Please refer to our SEC filings for a more detailed discussion of these risks.
We will also discuss certain non-GAAP financial measures. These should not be considered a substitute for measures prepared in
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