NASDAQ$PLTK

Playtika Holding Corp. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Playtika's Q4 2023 financial performance was marked by a slight revenue increase and strategic capital allocation announcements.

Playtika Holding Corp. reported a 1.1% year-over-year increase in revenue for Q4 2023, reaching $637.9 million. The company announced a new capital allocation framework, including initiating a quarterly dividend and earmarking funds for M&A activities. Net income decreased by 57.4% year-over-year to $37.3 million.

  • Revenue increased by 1.1% year-over-year to $637.9 million.
  • DTC platforms revenue increased 7.6% year-over-year to $161.6 million.
  • Net income decreased by 57.4% year-over-year to $37.3 million.
  • Initiated a quarterly dividend of $0.10 per share.

Headline financials

Total Revenue

$638M

Previous: $631M+1.1%
EPS (adj)

$0.10

Previous: $0.24-58.3%
Capital Expenditures

-$24.5M

Previous: $30M-181.7%
Net Income

$37.3M

Previous: $87.5M-57.4%
Operating Income

$120M

Previous: $88M+36.4%
Gross Profit

$457M

Previous: $450M+1.6%
R&D Expense

$102M

No prior period

Revenue & EPS history

Playtika · Revenue · Quarterly

$638M

Q4 2023+1.1%vs Q4 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

For FY2024, revenue is expected to be between $2.520 - $2.620 billion and Credit Adjusted EBITDA between $730 - $770 million. Capital expenditures expected to be between $110 - $115 million, which includes $17 million in accrued capital expenditures from Q4 FY2023 that will be paid in FY2024.

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 Q4 2023

Historical avgQ4 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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