How does MYPS's 2024 earnings compare to peers?

PLAYSTUDIOS (MYPS) faced a challenging 2024, with earnings and revenue performance under pressure compared to peers. Here's a detailed analysis: 1. **Revenue Comparison**: - MYPS's revenue decline of 6.1% year-over-year to $71.23 million in Q4 was more significant than peers like Rush Street Interactive, which saw a 31.1% year-over-year revenue growth. - In contrast, DraftKings reported a 13.2% revenue increase, though it fell short of estimates. 2. **Earnings Performance**: - MYPS missed analysts' revenue expectations and reported a quarterly loss of $0.05 per share, compared to a loss of $0.15 per share a year ago. - This represents an earnings surprise of 64.29%, indicating improved profitability. 3. **Profit Margins**: MYPS's net margin as of March 31, 2025, was -9.91%, which is more negative than peers like ZYBT (Zhengye) at 11.3%. - PLBY Group (PLBY) had a net margin of -68.37%, suggesting severe profitability challenges. 4. **Peer Comparison**: SG Americas Securities LLC increased its holdings in MYPS by 26.7%, indicating some confidence from institutional investors. - However, Bank of New York Mellon Corp reduced its position by 49.3%, which could signal concerns about MYPS's long-term prospects. In conclusion, while MYPS has shown some positive signs, such as improved earnings surprise and increased institutional holdings, its revenue decline and negative profit margins indicate significant challenges compared to peers. The company's 2024 performance reflects a competitive struggle, especially in the face of market pressures and peer successes.