NASDAQ$PLTK

Playtika Holding Corp. · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported a decrease in revenue and net income, but an increase in DTC platform revenue, completed acquisitions of Youda Games and InnPlay Labs.

Playtika Holding Corp. reported a decrease in revenue and net income for Q3 2023, but experienced growth in DTC platforms revenue. The company completed the acquisition of Youda Games and InnPlay Labs. They are revising the revenue range to $2.550 to $2.565 billion and expect Credit Adj. EBITDA between $825 to $832 million.

  • Revenue of $630.1 million decreased (2.0)% sequentially and (2.7)% year over year.
  • DTC platforms revenue of $161.0 million decreased (2.6)% sequentially and increased 6.8% year over year.
  • Net income of $37.9 million decreased (49.9)% sequentially and (44.4)% year over year.
  • Credit Adjusted EBITDA of $205.6 million decreased (4.4)% sequentially and increased 1.0% year over year.

Headline financials

Total Revenue

$630M

Previous: $648M-2.7%
EPS (adj)

$0.10

Previous: $0.17-41.2%
Capital Expenditures

-$16.8M

Previous: -$38.3M+56.1%
Free Cash Flow

$21.1M

Previous: $29.9M-29.4%
Net Income

$37.9M

Previous: $68.2M-44.4%
Operating Income

$90M

Previous: $131M-31.5%
Gross Profit

$456M

Previous: $466M-2.1%
Cash & Equivalents

$878M

Previous: $1.26B-30.0%
Total Assets

$2.98B

Previous: $2.99B-0.5%
R&D Expense

$102M

No prior period

Revenue & EPS history

Playtika · Revenue · Quarterly

$630M

Q3 2023-2.7%vs Q3 2022
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

The company is revising its revenue range to $2.550 to $2.565 billion and now expects Credit Adj. EBITDA between $825 to $832 million. They expect capital expenditures of approximately $95 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 Q3 2023

Historical avgQ3 2023

-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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