Playstudios Q1 revenue and profit grows despite decline in overall customers

| By Nosa Omoigui
Social gaming developer Playstudios posted revenue figures of $74.1m (£52.7m/€61.1m) for the first quarter of 2021 – a 27.1% increase on this time last year – as overall customers declined but paying customers rose.
Playstudios revenue and profits increase

Although the average number of daily active users (1.3m) and monthly active users (3.7m) of Playstudios products decreased for the quarter – by 21.9% and 18.4% respectively – the average number of daily paying users increased by 9.1% to 36,000.

Playstudios’ operating expenses were $66.5m, representing a 27.4% increase from last year.

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