Playstudios posts $75.9m in revenue during Q3 2023

November 3, 2023

The CEO noted that the company has experienced continued financial growth since last year.

Playstudios has released its financial report for the fiscal year’s third quarter. The company reported increases in its overall revenue and net income, when compared to results from one year ago.

During Q3, company revenue grew by more than $3m year-over-year to reach $75.9m. Net income also increased, when compared to results from last year’s third quarter. The company posted $3.8m in net income during Q3 2023.

However, the largest boost during the quarter was in the company’s adjusted EBITDA, which increased year-over-year by nearly $4m to reach $13.5m.

Company Chairman and CEO Andrew Pascal commented further on this quarter’s results by saying, “Year-over-year profitability and margins improved in the third quarter, continuing a trend we’ve seen since the second half of 2022. Compared to Q322, AEBITDA margins grew by 430 basis points in the quarter while total AEBITDA was up 39%.

“Year to date, AEBITDA margins have gained 790 basis points over the prior year comparable period, evidence that our efforts around operational efficiencies, revenue diversification and cost containment are working. We expect gains to continue and we remain focused on reaching margin parity with our peers.”

He went on to add that he is confident upward trends and growth from this quarter will continue.

He said in closing, “While we’ve yet to see the same level of momentum in our top-line revenues, I’m confident in our growth pipeline.

“Specific revenue drivers include further refinements in myVegas Slots and myKonami Slots, the continued scaling up of our early-stage growth games, the introduction of new game titles currently in development and the expansion of our playAwards loyalty marketing platform to external partners.”


Product Spotlight


Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

Brian Uran - AI has shown casinos new ways to think about business


Adam Wexler: PrizePicks almost went out of business during Covid - but now...

Roughly six years after speaking to Gambling Insider as an upcoming start-up, PrizePicks CEO Adam Wexler joins the Huddle to reflect on huge growth since - which almost ground to a halt during the Covid-19 pandemic.

We cover:

- Entrepreneurship, regulatory changes and the pandemic

- Offering a different customer experience and differentiating by product

- Fantasy sports being strong enough without sports betting

- Barriers to entry in the fantasy market

- Opposition from FanDuel and DraftKings

- Targets, plans and the Philippines

- US markets and the future of fantasy

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.