secwatch.observer — SEC 8-K summary
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Issuer:     Playtika Holding Corp. (PLTK)
CIK:        0001828016
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001828016-24-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.72
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828016/000182801624000017/0001828016-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828016/000182801624000017/pltk-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001828016-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer