NASDAQ$PLTK

Playtika Holding Corp. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Financial results were released for the second quarter, showing growth in the casual game portfolio and direct-to-consumer platforms. The company focused on optimizing its business and improving core operations.

Playtika Holding Corp. reported second-quarter revenue of $659.6 million, a slight increase from $659.2 million in the prior year period. Net income was $36.4 million, down from $90.0 million in the prior year period. Adjusted EBITDA was $238.9 million, compared to $264.4 million in the prior year period. The company is focused on new content and game development initiatives.

  • Casual portfolio revenue grew 10.0% year-over-year, comprising 53.3% of total revenue.
  • Average Daily Payer Conversion increased to 3.2%, up from 2.9% in Q2 2021.
  • Direct-to-Consumer channel grew 14.2% year-over-year and is now 23.3% of total revenue.
  • June's Journey grew revenue 34.2% year-over-year.

Headline financials

Total Revenue

$660M

Previous: $659M+0.1%
EPS (adj)

$0.09

Previous: $0.22-59.1%
Average Daily Payer Conversion

3.2%

No prior period
Capital Expenditures

-$29.5M

Previous: -$20.2M-46.0%
Free Cash Flow

$6.9M

Previous: $69.8M-90.1%
Net Income

$36.4M

Previous: $90M-59.6%
Operating Income

$91.3M

Previous: $165M-44.8%
Gross Profit

$474M

Previous: $475M-0.4%
Cash & Equivalents

$1.17B

Previous: $1.18B-1.2%
Total Assets

$3.01B

Previous: $2.52B+19.3%

Revenue & EPS history

Playtika · Revenue · Quarterly

$660M

Q2 2022+0.1%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Playtika · $159M total across 1 segment · Q1 2023

  • Bingo Blitz
    $159M

Forward guidance

For the full year 2022, the company anticipates revenue within a range of $2.60 - 2.66 billion and Adjusted EBITDA within a range of $900 - $940 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.2%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-7.1%

Avg return

30 days after

58%

15 / 26 earnings

Positive

+23.8%

Q4 2021

Best reaction

-23.5%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+4.5%-13.4%
Q4 2025+8.6%-12.1%-13.3%
Q3 2025+11.5%+13.1%+13.1%
Q1 2025-7.4%-6.4%-9.9%
Q4 2024-16.8%-25.0%-24.1%
Q3 2024+1.2%+4.1%+4.3%
Q2 2024+0.4%-2.6%+3.4%
Q1 2024+10.7%+14.5%+11.7%
Q4 2023+4.3%+5.0%-2.9%
Q3 2023-11.9%-10.9%-5.2%
Q2 2023-10.1%-12.1%-15.4%
Q1 2023+0.8%-3.0%-1.6%
Q4 2022+2.3%+5.8%+13.3%
Q3 2022-11.9%+5.6%-13.7%
Q2 2022-9.7%-12.0%-21.8%
Q1 2022-2.3%+6.3%+5.1%
Q4 2021+23.8%+13.7%+9.5%
Q3 2020+3.6%+2.9%-24.5%
Q3 2021-23.5%-21.1%-41.9%
Q2 2021+13.5%+10.5%+22.0%
Q1 2020-7.7%-6.0%-4.3%
Q1 2021-7.7%-6.0%-4.3%
Q4 2019+1.4%-1.8%-16.4%
Q4 2018+1.4%-1.8%-16.4%
Q2 2020+1.4%-1.8%-16.4%
Q4 2020-7.1%-6.3%-21.1%
Q3 2019
Q2 2019
Q1 2019

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