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PLAYSTUDIOS, Inc. (MYPS) Reports Q3 Loss, Misses Revenue Estimates

PLAYSTUDIOS, Inc. (MYPS) Reports Q3 Loss, Misses Revenue Estimates
PLAYSTUDIOS, Inc. (MYPS) Reports Q3 Loss, Misses Revenue Estimates

PLAYSTUDIOS, Inc. (MYPS) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to a loss of $0.02 per share a year ago. These

 PLAYSTUDIOS’ revenue Slope Rider miss and continued downtrend are concerning, especially with four straight quarters below estimates. With the stock already down 50% YTD, forward guidance and any shift in earnings outlook will be critical for restoring investor confidence. Investors should watch the upcoming commentary closely.