MYPS - Earnings call transcript Q1 2024

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Operator

Good afternoon, everyone, and welcome to the PLAYSTUDIOS First Quarter 2024 Earnings Call.

At this time, all participants are in a listen-only mode A question-and-answer session [Technical Difficulty] and instructions will be given at that time.

As a reminder, this conference is being recorded.

to Investor call Relations like Jain, to now of Head and would turn over the Samir I Treasury. Mr. Jain, you may begin.

Samir Jain

Good First Call. Thank us operator. afternoon, you thank you, for for PLAYSTUDIOS' Quarter Earnings XXXX and joining

CEO, Joining me today and call on CFO, Peterson. Andrew Chairman Scott are our Pascal; our the and

results our you are begin, make statements These and actual forward-looking our remind future cause differ may the current could materially. and of and a that, to on beliefs expectations that uncertainties we to Before and me our refer this to SEC discussion course Please risks subject affect results. statements. are of during let call, uncertainties will for based filings we the risks that

will this as in measures discuss certain I like results for would non-GAAP call. be considered measures we during should a not substitute with GAAP. prepared financial to remind accordance that These financial everyone

accordance comparable quarter be and are GAAP a results with release and to earnings in prepared provided filings. in our reconciliation Our SEC will in our measures GAAP first

With the to call Andrew. pass that, I'll

Andrew Pascal

everyone, our Thank and welcome, call. to you, earnings first quarter Samir, XXXX

As release. a disclosures more encourage our commentary in we to the press summary performance. always, recent to release financial made today is in take for the look our our at you a I addition of

the then open Scott after begin with with we'll I'll a up a financials, few quarter questions. and will follow which and of thoughts company's outlook, for the the on discussion your our call

as metrics down of plans. a our internal levels. adjusted AEBITDA On both consensus were in were and expectations basis, and the on year-ago ahead Revenues quarter from year-over-year own expected,

on this them are which to many to we revitalize position alluded I focused This design building products last temper call, for performance. meaningful the infrastructure changes, growth. to our these and operating by needed we during games was undergoing as expected As of quarter's our

of program, restoration of portfolio-wide title new the myKONSMI, Tetris progress run of launch fronts, an to I our initiatives generalization the loyalty year updated XXXX within myVEGAS improved an portfolio. the include one Brainium these on believe all of way our making recap, myVIP we're quick a notable and at least and a playAWARDS, and rate. in adoption expansion exiting As at monetization of We're the on

hard the platforms. game, been its look beloved reaction the Prime Tetris a the this its delve division. benefit has PlayGAMES Let's with the year-ago amplified to elevating rest with in High Tetris this the from mobile reaffirmed working continue and game. the more are for growth ensued refreshing revenue on creative team more deeply The Gibson, DAU that With our franchise portfolio. potential momentum our XX-year-old traffic portfolio. its became global were our existing on our the in first the bit of again and to consistent in into organic and standards feel to our was person business tapping unrealized mind, in of that Willis ahead plans execution of well our PlayGAMES Tetris player levels standout, recent the figures. of who Overall, fascination were as by the results belief defeat

have in Tetris' new anniversary ready is XXth this to version Our goal for June.

Tetris core at likely in third this new this variant complement to casual year, X later plan also We title the with least quarter.

is in premier license a Tetris long-term our ambition establish mobile the mobile place to With foreseeable gaming brand. as the future, for

a improvements We're quarter's which uptick top also in helped all coming been to complete and the across as committed of this of It's A us months. titles our the something for unified has solid program. myVIP and video results. consistent priority our ad that loyalty optimizing we execution is and and solution enjoy an rates, from continue in integration rewarded further branding expecting we introduce which worth units to introducing the portfolio, new our monetization. noting we're We've fill momentum of accomplishing driven primary

line continues the social trending to with casino broader Our industry, which challenged. core portfolio be generally is in

be expect throughout case so We the rebound anticipate don't industry's this the this to XXXX, in year. we

This that and this, In a is and improve. result, top have our across of refining which our and the Tel to daily in games transitioned we in the technology been making social our remains our games As on focus further position priority when market are of But capabilities, is undertaking, our Israel. our us an more recent by learnings leverage better and operations. to has ambitious casino which conversion in rates. Aviv support dynamics conflict we're titles. complicated into tools of should good improving was deep which updating operating well reflected pickup the our myKONAMI progress, myVEGAS the collection With process said, the

primary focus portals to player The myVIP.co presents primary us also direct-to-consumer program strategy. direct active leverage a this nascent effectively grow largely increasing We're of a is working our to direct with on more the business, I and Over with our [ sales our monetizers. use further and time, business our today, believe of our loyalty which our us driver margins. ] improve differentiated allow will is

industry-leading key extended new two, platform generalizing and and and on we continue one, platform X advancing players fortifying adding use. to by partners; rewards its technologies playAWARDS, to our the Turning themes: focus for

to we game Third-party a offering, qualify and partnership. remain best to unique interested structure our publishers continue our in

to the conversations the goal coming end We these with expect of quarters relationship pilot throughout the the of formalizing the continue year. before

from can we loyalty-as-a-service believe to revenue-generating we a cost mature, partnerships evolve business. center a playAWARDS these As

value discuss creates stock for quarter million as call to share repurchase today. of our our share investing an plans our cash. believe Scott, restarted I We first We additional buying through all bought Before our capital deeply for want available discounted turning view back $X stock in our price have position program the shareholders. the to and and and own

M&A we time, the At identifying completing transformative and same remain to transactions. committed

for opportunities with to plans. are compelling strategy and expansion our search keeping and We actively continue overall

increase Our value of use the our our our to strategic growth remains incremental position, to company. and goal enhance capital drive

I'll now provide to turn Scott? additional some call over comments. to Scott the

Scott Peterson

afternoon, Thanks, everyone. Andrew. Good

In be addition filed release, summary of to filings first results. Form look comprehensive those will today's our Please shortly. press quarter to a XX-Q for our

started year strong revenues We adjusted AEBITDA ahead the with quarterly expectations. net consensus and of consolidated

quarter $XX.X lower revenues consolidated First XX% of X% while ago, lower. adjusted million million was a net AEBITDA $XX.X than of year were

and first half roughly this XXXX impact in agreement, with been As that revenues flat have would include the of a benefit for licensing AEBITDA year's a consolidated quarter last later results the the reminder, year. first Adjusting ended agreement of of amounts. the net adjusted

our underway year. As mentioned our building last will to on due numerous anticipating initiatives strength call, sequentially. results throughout is into layer the that we the are This

DAU last respectively, Gibson million MAU the year. activity Tetris XX.X down game. was X.X exposure increased beating Willis and from due the to related and up of was million, MAU XX%, X% to the

However, gains Nowhere at quarter ARPDAU $X.XX, rate. total, here of Tetris in the core the ] DAU more declined double-digit results. in the was flat [ primarily quarter with increase. games, by portfolio for the Brainium. a increased over year-ago the our through DAU partially myKONAMI casino Tetris and modest myVEGAS, were offset social

a XX% Over increase with and and year make purchased and progress the our myVIP to quarter, opportunities XXX We platform. remain integration a into the full games ago. seek of on out externalize from focused our playAWARDS continue platform. continue to XXX reward Turning rewards partners. rewards the to in of XXX,XXX and functionality expanding the we available We the playAWARDS, were to quarter scope closed

$XX ended million We million approximately cash, the and quarter of revolver. borrowings with no availability $XXX our in full

Andrew resumed As repurchasing our through mentioned, stock bought and of $X shares during have additional the million an today. we quarter

continue view and repurchase our compelling capital. share buybacks million remaining As of and have such, use to accretive as authorization we $XX our on share an

games; to In addition broader strategic the same: building of our the investing remain allocation and accretive playAWARDS; pursuit goals and capital and our scaling repurchases, M&A. in

financial the between $XX million; consolidated of range revenues million adjusted XXXX and the guidance $XX million Our AEBITDA $XXX remains million. same: and and $XXX in

to closing I'll turn Andrew some for the call remarks. now back

Andrew Pascal

Thanks, Scott.

call questions, open prepared and a I'd our to remarks like Before we highlights. on touch the end few for

had are our track expectations. remain AEBITDA for We guidance, calls which revenue with have the We above our strong games this growth myVEGAS meet and and earnings process, this on Changes improve adjusted potential progress. both year. in myKONAMI year we're year. and a in and sales quarter to to full positive and monetization encouraged earnings Street believe meaningfully with We the

solution games loyalty We for a of our by of full into updated integration on all remain our track year-end.

myVIP.co addition expect we better to the drive direct to game In integration metrics, sales. of higher

are showing momentum efforts. advertising back through the results sequential expanded strength We continued for look year. on of the Brainium's

games Tetris is Tetris positioned continues this strong with one launching a are goal development XXXX. new to of the materially later for in and year. X grow

to we remain explore to playAWARDS stand-alone to and external open confident platforms. ways profitable continue Conversations into that playAWARDS business. can a third evolve continue We parties with

restarted we our continue value below represents and tremendous and is this our believe to repurchase quarter, value. fair share Finally, we program trading well stock

With Operator, to the that, I'll turn please for questions. open operator. over it the line

Operator

Instructions] And will please poll ladies we session. while One Thank for you. we gentlemen, and conduct questions. moment time, our question-and-answer at [Operator this

Craig-Hallum first Our Ryan question Capital from with Group. Sigdahl comes

Ryan Sigdahl

then opportunity for that, and What then to and repeat? playAWARDS. the remind want segment playAWARDS. why inflect of with talk you BXB royalty can was me along was profitability should to revenue what pipeline licensing exactly I kind to And expect when opportunities Just didn't start year? and through the the lastly, And last we with for it the the of self-sustaining? it

Andrew Pascal

Thanks, Ryan.

Forte. we were a provider blockchain you question, a year, recall, we related into to incorporate going called On a to technologies had platform, the with suite company if our first a last of relationship technology that

our place So and in we we a we the work had use in they their making leverage had and, licensing bunch done rights turn, agreement of from a us property licensing some them that intellectual space. were technology of to the in of certain playAWARDS where were with

So end a why the the that expired not revenue item. that's and year, line of nonrecurring that's towards

is in the opportunity. a continue that mean and dating of in lot publishers mean, BXB feedback a a to invest just back to the I tools we've that our that kind of to feedback. and we'll program believe, that, scale some end platform expectation business. last game then, the to number these program, our we've And bunch and alluded performance ongoing, we we'll be that on and conversations remarks, we've received have, active still that in our an resolve year, established pilot the different year, qualify before and of taken I our ultimately will evolving the have the On in why are we of converge overall based And first we'll upon conversations, And of what model place. efforts, of response is had with commercial it success that on how are as to of I which we

question would guidance once year's have third indication, as to certainly certainly any it bit can't ourselves. the visibility impact we we'll And provide on and profitable, turn really not when So more a this but provide assumed to it's we it performance.

Ryan Sigdahl

Helpful.

Just effectively the you X a X on since Forte. exchange for were Was exchanging then, a that effectively? with AEBITDA technology follow-up margin, technology

Andrew Pascal

opportunity. mean, high-margin and and a the it was consideration and received was I for It IP, for select licensing high use compensation margin. so we of No.

Ryan Sigdahl

if but makes back to I it were them you. Got paying technology, their didn't for know sense. you

Tetris, one live is games in of to Canada. along looks it the like Tetris Moving

on the you and any game elaborate "coming U.S. you those in audience then one who of games kind for And can one will of targeted comments Another says the these in variance Tetris on which be? soon" expect more the QX? But

Andrew Pascal

Sure.

about excited, a Tetris really obviously, we're franchise. as So

will the You might not that, Tetris. it of anniversary June, be XXth know in

of so interest that looking to going a elevated And and and and anniversary. we're be obviously kind will all big revamp A have, campaigns take the Prime the part the to and advantage XXth product. celebrating existing of that Tetris part will the of be our Tetris likely refresh forward we're that of of

be live in June that's will frame. been and ongoing, time that the So

Tetris to in are casual continuing that development We, far products now. fully are Both one identify X as new launch to we this to will feeling them But to that of say, making. comfortable which with. going Suffice we're the launch for products Tetris over of expect year As have to the concerned, pretty X about not quite ready speaking advance. as we've the a progress year. are indicated, the start been and have teams we're We're

there's the And the audience a introduction games it's a of believe device. bit people very out different. casual mobile a have target purists. as to broader, more finding a bit since play of there that would far we that playing quite And Tetris of little on Tetris more audience, is of a as love as A obviously evolved that audience. be experience Mobile a the game to the big it today are tend and Tetris The format. first lot

we really with popular along more of bit take And of game features make proven will most for bigger audience. other think of see casual some much that a accessible the a so you advantage a a puzzle games, for games the interesting that mechanics, hybrid meta in and block that

that's the focus our of consumers So in terms targeting. we're

Operator

question Our from comes Macquarie. next Lee Aaron with

Aaron Lee

you in can nice retail in the obviously, to of in value. the ahead there Is quarter, this of uptick number that? your higher there a on these platform to purchases initiatives commercialization? saw and move guys terms the both rewards loyalty of metrics terms you units of comment in driver unpack anything anything just So And of

Andrew Pascal

distributed. redemptions offer. are players done rewards a we find of great continuing well lot The rewards the our optimize a to that team the We conduct. events has that pretty that The really of portfolio job we enjoy

participate go the where en experience masse and at activities people types So like in and myVEGAS of [indiscernible]. an events can

we're up at so that proprietary the efforts events doing stepping of some looking our around And along dimension. we're the things

have Tournament effectively going across the of slot called tournaments qualify we're a world's a game in host be initiative to crown entire launching that of take So we destination-based number be that Slots, World that we're and a large event our will portfolio whole for the player, going which a best place to the live people and we our let will of and a audience, that players. have series will big

redemptions is where of seeing a So see we're so diversified. various But continue see to to nice we that that all momentum, across gives it lot it's pretty good hint into are really the you categories, a that the opportunity.

Aaron Lee

your interesting. And Great. which guidance, follow-up maintained. just quick you've That's a just regard with to

quarter the the of anything weighting or expectations, cadence you're has the terms Just half the in given how of that of year? changed quarters the came in thinking about to above the back

Andrew Pascal

some stronger We and we're our quarters yet think going that just predictability first -- not tend the to category be lack to casino still of And light in of stability or historically quarter. in quarter the adjust outlook. where the in genre, a we're the position of a

moment. where the feel we So with at comfortable we are

Aaron Lee

That makes sense. Thank you very much.

Operator

comes from Stifel. And our Pang next question with David

David Pang

is the just pushback questions, or earlier in potential friction follow-up biggest but a publishers conversations source for So from one with of you're game your on them? external the playAWARDS, , hearing of what

Andrew Pascal

think tie-ins and of I think in of And program program received was our features whole have having momentum also into is, lot people A would imagine, we all, of order value that, loyalty proposition teams a maps plan unique can feedback first tiered recognize road and rewards product with loyalty of suite and the introduce. content how we required structure the provide. only be the products. that or received that of they positive kinds digital we as benefits, was I to integrate that dedicated was feedback the games but real-world you all universally not that and their to around that meaningful effort scale the that constructive new and have time with a that

to available substantial commitment. incorporate meaningful a find to development program as is loyalty a so something actually for make capacity room and And as

that to [ and be and provide And just order the the believe kind we a so to ] enjoyed we tools understand they wanted ensure push approach and would about that and program that pretty time and the predictable more that then of that's integration benefits can lot can and hard to SDKs and our required of we've obviously implement they amount more enjoy. in to effort too translate the support

amount of So that's program their and products. a it's well-executed around required the really loyalty to really effort within energy own implement

of something terms tracks of that lot lots there exercise otherwise of tools, of efficient reference all And ] creating great for I [ would really in be that yourselves. made things highlight, in just the typical whole so documentation, productizing making should use would more you the we've tons a

David Pang

And Got new the changes? on platform on thoughts marketing affecting that the really an environment. is That's what policy just provide game helpful. launches. mobile are then on one update the marketing environment? it. you your How And Can

Andrew Pascal

Well, the and and narrower. provide think look, get, tools made I you imposed, challenging, that Tetris, traffic a privacy an has they've and mean, obviously, With been of to more in a I of to policy restrictions instituted audience the lot that have the you if that's ever tremendous interest. translated and and than of changes the a targeting that all how like consumers continue organic have scaling and building successful certainly have those and it And brands makes they amount just anything, game franchise policies challenging if we ever. that generate said, platforms

Tetris Our year. well installs million organic over generates product XX a

while there's product certainly noise to believe with restrictions overcome that the an of audience. lot that, franchise we these challenging, the right is opportunity a environment types of and very and brands meaningful a build rise above So the and

audience. or really they're of if demonstrated for history there whether Tetris XX are resilience really and and whether our well-established popular portfolio, casual so the the least it's brands durability that's very beloved and you in based casino portfolio on all Las their have our of they've Vegas games where at their at the of products, And category, that brands, years look either of

and about of UA. complexities the very very we're clear So keen

we own are the consider. to in of some those products, that as our so And we invest things continue

Operator

Gibas Greg Northland from comes Securities. And our with question next

Gregory Gibas

outperformance but key expectations in just the attribute quarter? outperformance. or how curious of Curious kind of you'd if Tetris I kind was drove attribute relative you one, your of imagine a the kind to what the could

Andrew Pascal

I think Tetris the generally earlier. driven some mean, which as speaking, performed by of of I of that Gibson an of That outlier. think, definitely the to was portfolio Willis alluded I was I expected. impact bit a residual products the effect,

of a performance first and that in and interest defeated also Tetris the spike it became healthy we've seen our time, that momentum in and saw bit on the a level working was been to But with lot the of the we installs pretty for then just engagement meaningful So pretty within phenomenon, product. with and our some a portfolio, we've seeing things we're suite with seem products. casual of we're momentum translating. pretty product, And branding that happy be social where of casino of a myVEGAS

So some of are those highlights. the

Gregory Gibas

That's much And how a regarding helpful. of news. in Great. of the makes it the Tetris, lot kind spike is in regarding sense it

You that kind of almost But interest? momentum gameplay that into you couldn't avoid Like, interest was showing just momentum elevated if of that seeing of still curious it. it is are when is QX. kind kind there carried occurs? -- I'm beyond or

Andrew Pascal

there's it Well, current be resulting it's Gibson of to look before of would phenomenon, stepped it's normalized Willis that its was and from is kind -- the but definitely at where kind state I you if regressed which the relative pace little product social up, say, to of bit and peak, a expected.

Gregory Gibas

you comments enough. this how just search and And maybe more that's been of I trending then Fair provide but the M&A on the any us Great. of you more -- an on kind provided that can Yes. it, update on pared year? some know

Andrew Pascal

of we've to think speak maybe I'll on general I update. him let and the Jason provide got what? know a kind You call.

want You specific. some do highlights? know you provide But too we be Jason, can't to

Jason Hahn

there of strategy. committed a our We the around out M&A remain lot in Yes. opportunities market. There's

continue side. that M&A have engage pipeline companies with of an active the We we on to

that financial and the As and upon line know, accretive transact margin, to need getting structure timed at complex. both to the also right it's able is we're M&A them. to deals are need our these they strategically profile, and -- right to when be We time over growth you compelling deals

that's at exciting opportunities. we're but can closing various right now that don't conversations we announce, with have So we moment engaged anything deep in the

Gregory Gibas

Sounds good.

Operator

Instructions] Co. Our Yang with from Oppenheimer Martin [Operator question comes next &

Martin Yang

our us what to social Can could First will share recover? the casino point genre thoughts external, internal, Andrew. to, that Anything your question on you [ with high-level prerequisite for be ] either for helpful. you

Andrew Pascal

thank that's mean, good I question. Martin, a you.

competitive. to, more growth not casino areas the command recently, over a shifted continues pressure, time, that much of so more commercial increasingly of think of genre I it's think, It's, I say, opportunity into the I maybe models. and And gotten but interest. come would have different lot types under

pretty So players large form actually there's of our we see some general engaged content. that as that's opportunities at more and we that audience become love audience, our feeling is still peers, that grow of we've this And challenging. a scale of look to got although

at were, we to some So our the I more direct existing which of in the direct-to-consumer really platform. it's market to the our different opportunities, existing ways and say, compel looking us, about far think, have I players opportunities, as audience, for for would purchase really as assets yet with us to commercial momentum our behind monetize order unique in us compelling

us the aggressively momentum then, think more players the change some as allow as turn, in which up to think our we'll convert to models, of different purchase. -- see will continue And look in to underlying products, scaling test we more direct audience invest commercial economics of I try and acquiring So we will the that I to again. that and

same for a would assume is I lot of our the true peers. So

Martin Yang

next is My Tetris. about question

should for your drive us point large So players to including you things XX-year is maybe game? time campaigns, watch new to around external that June, in for Tetris, market anniversary, events reengagement potential events, or that will other the to industry-wide all there any

Andrew Pascal

believe, I question. take her a call. My also Katie development let it's great game Maybe the Bolich, new our I'll Tetris that question. co-founder, and is the is on responsible who Oh, franchise, for

Katie Bolich

the the we're of a with in it throughout and throughout of to up year. entire -- so considering rebrand. layering period we're Tetris, Sure. our we've lined We've got the Yes. got campaigns anniversary the Tetris Year starting No, celebrate activities the - number Tetris, of of

playAWARDS then, doing top activities on got is Tetris So And Company we're that profile campaigns our well. should some of Tetris as the We've a of it, of the with raise excited. partners. number pretty

So anniversary. the we're Tetris very excited for

talking We about to expect be it. people

Operator

next question Clark Lampen BTIG. Our with from comes

Clark Lampen

I entity just kind ebbing market of if the and casino and a imagine social I to potential topic to clear, steadier of more was of sort social that going guess, dynamics. here? follow of I your the improving, I as on sort be I I of guess, and of that, that, subsegment that to that, for wanted market, I up market market? if social is the backdrop rising-tides-lift-all-boats flowing mobile bit patterns guess, as of just kind were wrong, casino, less that more are guess, of guess, a casino dynamic view takeaway is be last, that the sort with Or is little maybe of to up that of And a a, we sort guess, muted a piece whole is down, there of, is

Andrew Pascal

think and at I it's slightly. view. it's generally forecasts years been of look the actually trends, prevailing social in bit compressed the several if and if a ago years at year flat, last casinos, that's little look mean, a for down couple just been to I last mean, the its the you flat you generally it and I well,

it for to forecasts the going are forward be fairly stagnant. I generally think

any meaningful kind real that's companies for and growth. various been catalyst nobody market of that trends following there's driving the So sees a

a still existing do themselves. we within that order category. brands new at believe And in distinguish products users start to significant. billion-plus our as can will start we being that what order the in and around them spend acquire in to gains there's to the we which And very It's change market us, and growth. lot more that category differentiate monetize we $X we to products else. got our look really everything We've think our features economics from driving mechanics For then a can to to unit afford continue audience,

again. the as that their we that's both users to continue relative that's monetization existing in the absence all I clearly, our maybe our invest that improve dynamics so of we in to existing we the or much starting going returns. that's stabilizing explain improving of And can of And the acquiring the think, to didn't I change cost but products, grow believe audience between how overall not to ratio it of possible, why

Clark Lampen

us? there of an patterns explicitly commentary DAU over growth is think guess? I I from item that's about, I But for it's it. factors what year. market translate not that know balance we of we guys dynamics were guess on Got some growth, push monetization you guess, if to as to think to between I that, sort guide we sequential the of of guess, confluence and other of the for those of here, sort does the sort I of that kind provide -- sort you If things, helpful. of of a top towards about directional that guys and could

Andrew Pascal

DAU question. of the mean, have growth on view colleagues We any see I market. is invite share certainly that going they they about, talked potential to in introduce I Tetris, Yes. be like other weigh My as I organic that my enjoy insights will some in this within tremendous want to products that if of our growth driven or forward going to is products interest, new by existing we the we should more say.

products. significant is monetization around and portfolio to pretty existing for improve that casual bigger retaining it and the there audience to we opportunities, increase of and are meaningfully the the we monetizing opportunity our opportunities, us both But have the core extent. a casino across believe greater And some really that even

unique than program audience. say we've [indiscernible] value what's way our we that's really would and that proposition our loyalty and a set that most features And of retaining got our that company, on any about model I other focused the more unique is

money. severe and our of engage convert lot program to to and them a contraction audience, that time us spending affording get our and loyalty their them where audience, of more seen peers So to far believe us start we opportunity to on more have allows hold

that's primary focus. our so And

network [indiscernible], leverage growth top into some about, margin course, expect. result. So acquire more audience then, we're to then driving we converting across these which games the the players our to of product a effects incorporate new players expansion will from start of then retained And actually program, enjoy and portfolio we we and those revenue the more once to of the as other new and flow-through the cross-promote talked would of products and and drive can engaged attract in our to And we've network. see that launch existing that business, of we one loyalty some going line our our should as we

Operator

are there you. back closing the management no hand for at questions floor And you. this to Thank further time. Thank I'll remarks.

Andrew Pascal

you. thank continued your checking everybody and interest and to on in updates want just support. look providing forward further to Well, thank the We quarter. for I

Operator

we And with may Thank call. good you. Have disconnect. that, day. conclude today's a parties All

PLAYSTUDIOS (MYPS) 6 May 242024 Q1 Earnings call transcript