PLAYSTUDIOS, Inc (MYPS) Reports In-Line Q3 EPS, Beats on Revenue; Offers FY24 Revenue Guidance
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Macquarie Reiterates Outperform Rating on PlayStudios (MYPS)
November 5, 2024 3:22 PM ESTMacquarie analyst Aaron Lee reiterated an Outperform rating and $3.00 price target on PlayStudios (NASDAQ: MYPS).
The analyst comments "MYPS reported a 3Q beat, with EBITDA coming in 12% ahead of consensus. While the company maintained 2024 guidance (revenue of $285-295m and EBITDA of $55-60m), management announced a cost reduction program expected to yield $25-30m in annual cost savings in '25 through workforce reduction, suspension... More
