Name | Value |
---|---|
Revenues | 77.8M |
Cost of Revenue | 30.5M |
Gross Profit | 47.3M |
Operating Expense | 48.4M |
Operating I/L | -1.1M |
Other Income/Expense | 1.2M |
Interest Income | 1.4M |
Pretax | -0.5M |
Income Tax Expense | 0.1M |
Net Income/Loss | -0.6M |
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.