PLAYSTUDIOS Sets October Reverse Split, Reports $3 Million Buyback

PLAYSTUDIOS shares rose 3.1% in after-hours trading after the company announced a 1-for-10 reverse stock split and a $3 million share repurchase. The stock later cooled to $0.47, down 1.1% from the previous close, according to the article.

The reverse split applies to the company’s Class A and Class B common shares. PLAYSTUDIOS said shareholders approved it at the 2026 annual meeting to meet Nasdaq’s $1.00 minimum bid price requirement. Class A shares are scheduled to begin trading on a split-adjusted basis on Nasdaq’s Capital Market on October 1.

The company also said it bought back about 4.3 million Class A shares in open-market transactions during the third quarter through September 24. It paid $3 million, or roughly $0.71 per share.

PLAYSTUDIOS stock was down 28.6% since the start of the year, the article reported. The shares were also 51.5% below their 52-week high of $0.97, reached in October 2025.