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PLAYSTUDIOS, Inc. says it will stop its sweepstakes product, costing them about $3 million to $3.5 million.

ResultsRead the original at sec.gov
Bad for MYPS

PLAYSTUDIOS will take a $3.0–$3.5M pre-tax impairment tied to stopping The Win Zone. This lowers reported profit for the quarter and removes future revenue from that product.

MYPS · PLAYSTUDIOS, Inc.

AI read · Bad for MYPS

The AI's read

The charge will reduce PLAYSTUDIOS' reported pre-tax profit for the September quarter and shrink its software asset base. Stopping The Win Zone also removes future revenue and shows the company cut that product line.

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