PLAYSTUDIOS, Inc. (MYPS) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.02 per share a year ago.
Playstudios shares are down nearly 20% this year, despite solid business performance. The company continues to exhibit strong profitability, even as revenue has stagnated in recent quarters. The company's net cash position comprises of more than 40% of its current market cap, and management is executing a $50 million share repurchase program.