PLAYSTUDIOS, Inc. (MYPS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to the PlayStudio second quarter 2025 earnings call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session and instructions will be given at that time. As a reminder, this conference is being recorded. I would now like to turn the call over to Jason Hahn, PlayStudio's chief strategy officer and head of invest relations. Mr. Hahn, you may begin. Thank you, operator. Good afternoon, and thank you for joining us for PlayStudio's Q2 2025 earnings call. Joining me on the call today are chairman and CEO, Andrew Paschal and our CFO, Scott Peterson. Before we begin, please note that during this call, we may make forward looking statements. These statements are based on our current expectations and are subject to risks and uncertainties that may cause actual results to differ materially. Please refer to our SEC filings for a more detailed discussion of these risks. We will also discuss certain non-GAP financial measures. These should not be considered a substitute for measures prepared in accordance with GAP. Reconciliation to comparable GAP measures can be found in our earnings release and SEC filings. With that, I'll turn it over to Andrew. Thanks, Jason. Good afternoon, everyone. The dominant theme in Q2 and across the broader market continues to be the rapid rise of social casinos leveraging sweepstakes mechanics. This structural shift is reshaping player behavior and monetization across the category with more players gravitating towards social casino products powered by sweepstakes. This trend is pressuring traditional offerings, including our core social casino portfolio. That said, these dynamics were anticipated and they're exactly why we launched our reinvention program las...