MYPS - Why Playstudios Is Down More Than 13% on Thursday
Shares of mobile game developer Playstudios (NASDAQ: MYPS) are lower by 13.2% as of 11:30 a.m. EDT today, following the release of lackluster second-quarter results.
For the three-month stretch ending in June, Playstudios turned $70.8 million worth of revenue into a net loss $7 million. It cut the year-ago loss of $13 million nearly in half, but the top line fell from $77.9 million in the second quarter of 2020. The few analysts that follow the $630 million company were anticipating revenue of $72.1 million.
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Why Playstudios Is Down More Than 13% on Thursday