Name | Value |
---|---|
Revenues | 71.2M |
Cost of Revenue | 17.8M |
Gross Profit | 53.4M |
Operating Expense | 58.2M |
Operating I/L | -4.8M |
Other Income/Expense | 1.1M |
Interest Income | 0.0M |
Pretax | -3.6M |
Income Tax Expense | -0.5M |
Net Income/Loss | -3.1M |
PLAYSTUDIOS, Inc. specializes in developing and publishing free-to-play casual games for mobile and social platforms globally. The company generates revenue through in-app purchases, advertising, and partnerships with brands and casinos. Its games offer virtual currency and rewards, which can be redeemed for real-world rewards such as hotel stays, dining, and entertainment. PLAYSTUDIOS' business model leverages the popularity of its games to drive user engagement and monetization opportunities, creating a mutually beneficial ecosystem for both players and partners.