Playtika Holding Corp. · Q1 2024 earnings

Briefing

Reported a revenue of $651.2 million with DTC revenue of $171.5 million. DTC Platforms Revenue increased 6.1% Sequentially and 13.2% Year Over Year. GAAP Net Income was $53.0 million and Credit Adj. EBITDA was $185.6 million. An Inaugural $150 million Share Repurchase Program was announced.

Playtika Holding Corp. reported its Q1 2024 financial results, with revenue reaching $651.2 million. The company's direct-to-consumer (DTC) platforms showed strong growth, increasing both sequentially and year-over-year. Net income was $53.0 million, and Credit Adjusted EBITDA amounted to $185.6 million. Additionally, Playtika announced a $150 million share repurchase program.

• Revenue reached $651.2 million, a 2.1% sequential increase but a 0.8% year-over-year decrease.
• DTC platforms revenue totaled $171.5 million, showing a 6.1% sequential increase and a 13.2% year-over-year increase.
• Net income was $53.0 million, representing a 42.1% sequential increase but a 37.0% year-over-year decrease.
• Credit Adjusted EBITDA was $185.6 million, a 1.7% sequential decrease and a 16.7% year-over-year decrease.

Headline financials

Revenue & EPS history

For the full year 2024 the company expects revenue to be within the previously provided range of $2.52 - $2.62 billion, Credit Adjusted EBITDA within a range of $730 - $770 million, and capital expenditures within a range of $110 - $115 million.