Playtika Holding

Playtika Holding Corp. engages in the development of mobile games. It builds live game operations services and a proprietary technology platform to support its portfolio of games. Its games include Slotomania, Bingo Blitz, House of Fun, Solitaire Grand Harvest, June's Journey, Caesars Slots, Best Friends, Board Kings, and Redecor. The company was founded by Robert Antokol and Uri Shahak in 2010 and is headquartered in Herzliya, Israel.

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Playtika Holding surpasses Q4 expectations, eyes growth amid challenges

Playtika Holding delivered strong financial results in Q4 2022, exceeding guidance and showcasing revenue growth in key games.
The company's strategic decisions to invest in high-growth studios and optimize costs position it well for future success.
While facing challenges like workforce reduction and declining revenue in certain game categories, Playtika has opportunities for growth and diversification.

Playtika Holding reports robust Q1 earnings, eyes growth opportunities

Playtika Holding's Q1 2023 earnings call highlighted strong financial performance, growth in casual games, and operational efficiency improvements. The company reiterated its full-year guidance and discussed key areas of focus for future growth and innovation.

Playtika reports solid Q2 earnings, eyes M&A for growth

Playtika Holding delivered a solid performance in Q2 2023, focusing on profitability and operational efficiencies amidst a competitive market.
The company's strategic M&A approach and emphasis on technology and live operations expertise position it well for sustained growth and market leadership.
While facing revenue challenges and competitive pressures, Playtika remains optimistic about driving long-term value through strategic acquisitions and operational optimization.

Playtika reports solid Q3 earnings amidst strategic acquisitions and challenges

Playtika's Q3 performance reflects a mix of strengths and challenges, with a focus on strategic acquisitions and revenue diversification.
The company's financial outlook for 2023 remains positive, despite external uncertainties, showcasing resilience and adaptability in the face of challenges.
With a strong emphasis on growth strategies and operational efficiency, Playtika aims to navigate market dynamics and drive sustainable value for stakeholders.

Playtika beats revenue targets, plans M&A expansion for growth

Playtika Holding showcased operational resilience, exceeding revenue and EBITDA guidance despite challenges.
The company's strategic focus on efficiency, acquisitions, and diverse revenue sources drives sustainable growth.
While facing geopolitical and industry challenges, Playtika's commitment to reinvestment and shareholder value creation remains strong.
Opportunities in M&A, marketing campaigns, and technology utilization position Playtika for continued success and market leadership.

Playtika Holding reports mixed Q1 results, focuses on reorganization

Playtika Holding's Q1 2024 performance reflects mixed results with revenue growth but EBITDA decline.
The company's strategic reorganization and focus on shareholder value creation are key strengths.
Challenges include revenue and EBITDA decreases, necessitating strategic adjustments for growth.
Opportunities lie in direct-to-consumer platforms, operational efficiencies, and strategic alignment.

Playtika Holding Corp. reports strong Q2 earnings and growth opportunities

Playtika Holding Corp. delivered a strong performance in Q2 2024 with robust financial results and successful game titles.
While facing challenges in certain operating metrics, the company's strategic strengths in marketing and cost efficiency position it well for growth.
Opportunities lie in upcoming game releases, direct-to-consumer revenue growth, and leveraging the strong financial position for strategic investments.
Overall, Playtika Holding Corp. demonstrates resilience and potential for further expansion in the gaming industry.

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Worldwide revenue from video games is approaching $200 billion, according to one estimate. Take-Two, Playtika, and Roblox have great prospects in 2024 and beyond.

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The guidance given for the future is beneficial, and the company is making significant changes in the organization including not only restructuring efforts, but also closure of certain studios. Despite this, there is room for optimism due to the company's guidance for 2023, which includes restructuring efforts and the exploration of strategic alternatives. With the company's know-how in data analysis and the profile of its founder, further development of successful games is expected, making Playtika undervalued.

Playtika: Cheap And Making Efforts Despite EPS Miss

Playtika's Wooga Becomes The Fastest German Studio To Achieve Milestone BERLIN , Nov. 16, 2023 /PRNewswire/ -- Playtika's Berlin-based studio Wooga® announced that its flagship game, June's Journey®, has achieved $1 billion USD in lifetime gross revenue*. In addition, the game is the #1 highest-grossing hidden object game worldwide** and is the first-ever German mobile game to hit such a revenue landmark 6 years after global launch***.

June's Journey, World's Top Grossing Hidden Object Game, Surpasses $1 Billion Revenue

Playtika Holding Corp. (NASDAQ:PLTK ) Q3 2023 Results Conference Call November 8, 2023 8:30 AM ET Company Participants Tae Lee - Senior Vice President, Corporate Finance & Investor Relations Robert Antokol - Co-Founder & Chief Executive Officer Craig Abrahams - President & Chief Financial Officer Nir Korczak - Chief Marketing Officer Conference Call Participants Aaron Lee - Macquarie Arthur Chu - Bank of America Eric Sheridan - Goldman Sachs Colin Sebastian - Baird Dave Nwokonko - Morgan Stanley Operator Good day and thank you for standing by. Welcome to the Playtika Q3 2023 Earnings Call.

Playtika Holding Corp. (PLTK) Q3 2023 Earnings Call Transcript

Total Revenue of $630.1 million and DTC Platforms Revenue of $161.0 million GAAP Net Income of $37.9 million and Credit Adj. EBITDA of $205.6 million Completes Acquisition of Youda Games and InnPlay Labs

Playtika Holding Corp. Reports Q3 2023 Financial Results

HERZLIYA, Israel, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ:PLTK) announced today it will release financial results for the third quarter 2023 before U.S. markets open on Wednesday, November 8, 2023.

Playtika Announces Date of Third Quarter 2023 Results Conference Call

Playtika (PLTK) acquires Israel's mobile gaming studio, Innplay Labs, thereby optimizing high-growth potential IP, like 'Animals & Coins'.

Playtika (PLTK) Expands Portfolio With Innplay Labs Acquisition

HERZLIYA, Israel, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK), a mobile games pioneer and interactive entertainment leader, has completed the acquisition of Innplay Labs, a mobile gaming studio in Israel and home to the highly rated “Animals & Coins.” This milestone marks Playtika's second strategic acquisition this quarter, with the previous acquisition of Youda Games' card game portfolio from Azerion closing in late August.

Playtika Holding Corp. Completes Strategic Acquisition of Innplay Labs, Further Strengthening Its Mobile Gaming Portfolio with Popular “Animals & Coins”

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Playtika Holding Corp. offers mobile games on social networks and mobile platforms worldwide. The company is projecting a slight revenue decline in 2023 as it focuses on enhancing its direct-to-consumer approach. Until we begin to see a return to revenue growth, I remain Neutral [Hold] on Playtika Holding Corp. stock.

Playtika Makes Gains In Direct-To-Consumer Approach

HERZLIYA, Israel, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK), a mobile games pioneer and interactive entertainment leader, announced today it has entered into a definitive agreement to acquire Innplay Labs, a mobile gaming studio based in Israel. This deal will have an upfront consideration of $80 million with a maximum consideration of $300 million.

Playtika Holding Corp. Enters Definitive Agreement to Acquire Innplay Labs

Playtika has agreed to acquire Innplay Labs, a mobile game studio in Israel, for an upfront fee of $80 million and as much as $300 million.

Playtika will buy mobile game maker Innplay Labs for up to $300M

Amsterdam, 28 August 2023 – Further to its announcement dated 1 August 2023 ( link to announcement ), Azerion today announces the completion of the sale of its Youda Games portfolio of games, including social card themed title Governor of Poker 3, to Playtika Holding Corp.

Azerion completes sale of Youda Games Portfolio to Playtika

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Investors need to pay close attention to Playtika (PLTK) stock based on the movements in the options market lately.

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The headline numbers for Playtika (PLTK) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Playtika (PLTK) Reports Q2 Earnings: What Key Metrics Have to Say

Playtika Holding (PLTK) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.09 per share a year ago.

Playtika Holding (PLTK) Meets Q2 Earnings Estimates

Total Revenue of $642.8 million and DTC Platforms Revenue of $165.3 million DTC Platforms Revenue Grows 9.1% Sequentially and 7.6% Year Over Year GAAP Net Income of $75.7 million and Credit Adj. EBITDA of $215.0 million Announces Acquisition of Governor of Poker Franchise

Playtika Holding Corp. Reports Q2 2023 Financial Results

Herzliya, Israel and Amsterdam, Netherlands , August 1, 2023 – Playtika Holding Corp. (NASDAQ: PLTK), a mobile games pioneer and interactive entertainment leader, and Azerion Group N.V. (EURONEXT: AZRN) one of Europe's largest digital advertising and entertainment media platforms, announced today they have entered into a definitive agreement for Playtika to acquire from Azerion its Youda Games portfolio of games, including social card themed title Governor of Poker 3, for an initial cash consideration of EUR 81.3 million, with an earnout based on the performance of the acquired business that could take the total consideration up to a maximum of EUR 150 million, subject to customary adjustments.

Playtika Holding Corp. Enters Definitive Agreement to Acquire the Youda Games Portfolio from Azerion

HERZLIYA, Israel--(BUSINESS WIRE)--Playtika's Bingo Blitz, the #1 free-to-play bingo game*, is coming to an even bigger screen with the July 15 debut of the official Bingo Blitz-themed television game show in Mexico. Now, fans of the mobile gaming app can tune in to cheer on the show's competitors in their quest for bingo. The premiere of the Bingo Blitz-themed television game show marks an exciting milestone for the mobile game with a global online community of over 1 million daily active play.

Playtika Expands Bingo Blitz Mobile Experience to Broadcast with Debut of New Television Game Show

I upgrade Playtika, a leading mobile game publisher in the US, to a buy due to its improved technical setup, solid valuation, and impressive free cash flow. The company's earnings are expected to rise steadily this year and next, with acceleration expected in 2025. Despite competition in the Social Casino space, Playtika's strong operating cash flow and resilient consumer spending trends make it less susceptible to higher interest rates.

Playtika Stock: Play The Free Cash Flow Game, Rating Upgrade

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With consumer spending still fairly strong, investing in stocks like American Woodmark (AMWD), GIII Apparel Group (GIII), Marriott International (MAR) & Playtika (PLTK) seems prudent at the moment.

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Stocks like DKNG, PLTK and CRSR are likely to benefit from improving visitation. Moreover, robust demand for sports betting is aiding the industry.

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BERLIN--(BUSINESS WIRE)--Playtika's Berlin-based studio Wooga has committed $100,000 to protect the Snow Leopards as part of its participation in the 2023 Green Game Jam by donating to the Snow Leopard Trust. For the third consecutive year of participation, Wooga ran an in-app activation in its casual mobile game June's Journey, the #1 highest grossing hidden object game worldwide*. June's Journey invited players in-game to join Wildlife Week to support the Himalayas. From May 31 until June 6,.

News for Playtika Holding Stock (PLTK)