NASDAQ$PLTK

Playtika Holding Corp. · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported financial results for Q3 2024, with revenue of $620.8 million and DTC revenue of $174.4 million. Acquisition of SuperPlay was announced and is expected to close in Q4.

Playtika's Q3 2024 saw a revenue of $620.8 million and a net income of $39.3 million. The company announced the acquisition of SuperPlay and highlighted the strong performance of its DTC business.

  • Revenue reached $620.8 million, a decrease of 1.5% year over year.
  • DTC platforms revenue totaled $174.4 million, an increase of 8.3% year over year.
  • Net income was $39.3 million, an increase of 3.7% year over year.
  • Credit Adjusted EBITDA was $197.2 million, a decrease of 4.1% year over year.

Headline financials

Total Revenue

$621M

Previous: $630M-1.5%
EPS (adj)

$0.11

Previous: $0.10+10.0%
Capital Expenditures

-$28.1M

Previous: -$16.8M-67.3%
Free Cash Flow

$11.2M

Previous: $21.1M-46.9%
Net Income

$39.3M

Previous: $37.9M+3.7%
Operating Income

$97.5M

Previous: $90M+8.3%
Gross Profit

$453M

Previous: $456M-0.8%
Cash & Equivalents

$1.15B

Previous: $878M+30.5%
Total Assets

$3.19B

Previous: $2.98B+7.1%
R&D Expense

$99.2M

Previous: $102M-2.9%

Revenue & EPS history

Playtika · Revenue · Quarterly

$621M

Q3 2024-1.5%vs Q3 2023
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 2024, revenue is expected to range from $2.505 to $2.520 billion. Credit Adjusted EBITDA guidance is raised to a range of $755 to $765 million. Capital expenditure guidance is lowered to $90 million.

Tailwinds

  • Revenue expected to range from $2.505 - $2.520 billion.
  • Credit Adjusted EBITDA guidance raised to $755 - $765 million.
  • Capital expenditure guidance lowered to $90 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 2024

Historical avgQ3 2024

-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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