Playstudios (MYPS) investor relations material

Executive summary

• Q2 2025 revenue was $59.3M, down 18.3% year-over-year, with a net loss of $2.9M compared to a $2.6M loss in Q2 2024.

• Strategic focus on sweepstakes expansion, direct-to-consumer growth, and new game development, notably Tetris Block Party.

• Direct-to-consumer revenue more than doubled year-over-year, reaching $6.7M in Q2 2025.

• Operating expenses decreased 17.9% year-over-year, driven by lower user acquisition, employee, and restructuring costs.

• Cash and cash equivalents stood at $112.9M as of June 30, 2025, with no outstanding debt.

Financial highlights

• Q2 2025 net revenue: $59.3M (down 18.3% year-over-year); net loss: $2.9M; adjusted EBITDA: $10.7M (18.1% margin).

• Direct-to-consumer revenue reached $6.7M, up 107% year-over-year and 34% sequentially, now 13.9% of total in-app revenue.

• Year-to-date revenue through Q2 2025 was $122.0M, down from $150.4M year-over-year.

• Operating expenses for Q2 2025: $62.8M, down from $76.6M in Q2 2024.

• Cash and cash equivalents at $112.9M as of June 30, 2025; $81M credit facility undrawn.

Outlook and guidance

• Maintains full-year 2025 guidance: net revenue $250–$270M, Consolidated AEBITDA $45–$55M.

• Q3 expected to be similar to Q2, with focus on executing strategic initiatives and monitoring new launches before updating guidance.

• Management expects existing cash, cash flow, and credit facility to fund operations and capital expenditures for at least the next 12 months.

• Expects external launch of sweepstakes promotions and Tetris Block Party in Q4 2025.