Playstudios Q2 Earnings: Bargain Valuation Amid Persistent Organic Growth Challenges (Rating Downgrade)

jakubrupa/iStock via Getty Images Investment thesis Playstudios (NASDAQ:MYPS) shares are down nearly 30% since my write-up in June, which outlined my bullish thesis for the company. Q2 results showed a weak performance in the company's social casino segment, while the anticipated launch of its new Tetris game has been underwhelming so far. Although management remains optimistic about addressing these issues, they have significantly lowered revenue and adjusted EBITDA guidance. Despite finding the current va ...