Name | Value |
---|---|
Revenues | 79.4M |
Cost of Revenue | 21.7M |
Gross Profit | 57.6M |
Operating Expense | 60.0M |
Operating I/L | -0.3M |
Other Income/Expense | -1.1M |
Interest Income | -0.8M |
Pretax | -1.4M |
Income Tax Expense | 0.4M |
Net Income/Loss | -1.7M |
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.