Playstudios Q1 revenue and profit grows despite decline in overall customers

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.

playstudAlthough 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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