Playtika Q1 revenue flat YoY at $651.2M; net income falls 37%; CRO & COO exit in restructuring

Playtika Holding Corp.

2024-Q1 EPS reported $0.14 revenue$651,200,000

Revenue $651.2M (-0.8% YoY); net income $53.0M (-37% YoY); Credit Adj. EBITDA $185.6M (-16.7% YoY).
Direct-to-consumer revenue $171.5M (+13.2% YoY); Bingo Blitz $157.5M (-1% YoY); Slotomania $135.4M (-7.6% YoY).
Board authorized $150M stock repurchase program to offset equity dilution; declared $0.10/share dividend payable July 5.
CRO Ofer Kinberg and COO Shlomi Aizenberg departed May 8 as part of management flattening; transition through Dec 31.
Full-year 2024 guidance reaffirmed: revenue $2.52-2.62B, Credit Adj. EBITDA $730-770M, capex $110-115M.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Ofer Kinberg

Chief Revenue Officer

PLTK · Playtika Holding Corp.

Effective: 2024-05-08
Filed: May 9, 2024, 7:59 PM ET

On May 8, 2024, Ofer Kinberg, Chief Revenue Officer of the Company, and Shlomi Aizenberg, Chief Operating Officer of the Company, ceased serving as officers of the Company in connection with a restructuring of the Company’s management.

Departed

Shlomi Aizenberg

Chief Operating Officer

PLTK · Playtika Holding Corp.

Effective: 2024-05-08
Filed: May 9, 2024, 7:59 PM ET

On May 8, 2024, Ofer Kinberg, Chief Revenue Officer of the Company, and Shlomi Aizenberg, Chief Operating Officer of the Company, ceased serving as officers of the Company in connection with a restructuring of the Company’s management.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Playtika Holding Corp. reported the quarter ended March 31, 2024 results: revenue $651.2 million, net income $53.0 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $651.2 million
Net income: $53.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Act, except as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Playtika Holding Corp. Reports Q1 2024 Financial Results Revenue of $651.2 million and Direct-to-Consumer (“DTC”) Revenue of $171.5 million DTC Platforms Revenue Increased 6.1% Sequentially and 13.2% Year Over Year GAAP Net Income of $53.0 million and Credit

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ofer Kinberg departed as Chief Revenue Officer at Playtika Holding Corp..

Action: ceased serving
Role: Chief Revenue Officer

Exact text from the filing

On May 8, 2024, Ofer Kinberg, Chief Revenue Officer of the Company, and Shlomi Aizenberg, Chief Operating Officer of the Company, ceased serving as officers of the Company in connection with a restructuring of the Company’s management.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Shlomi Aizenberg departed as Chief Operating Officer at Playtika Holding Corp..

Action: ceased serving
Role: Chief Operating Officer

Exact text from the filing

On May 8, 2024, Ofer Kinberg, Chief Revenue Officer of the Company, and Shlomi Aizenberg, Chief Operating Officer of the Company, ceased serving as officers of the Company in connection with a restructuring of the Company’s management.

View on SEC.gov

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Source: SEC EDGAR

accession 0001828016-24-000017

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