Name | Value |
---|---|
Revenues | 62.7M |
Cost of Revenue | 15.8M |
Gross Profit | 46.9M |
Operating Expense | 49.7M |
Operating I/L | -2.7M |
Other Income/Expense | 0.2M |
Interest Income | 0.9M |
Pretax | -2.5M |
Income Tax Expense | 0.3M |
Net Income/Loss | -2.9M |
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.