earnings
confidence high
sentiment negative
materiality 0.75
Playtika Q2 revenue $627M (-2.5% YoY); net income up 14% but FY guidance lowered
Playtika Holding Corp.
2024-Q2 EPS reported
$0.38
revenue$1,278,200,000
- Revenue $627.0M, down 2.5% YoY; DTC platforms revenue $173.7M, up 5.1% YoY.
- GAAP net income $86.6M (+14.4% YoY); Credit Adj. EBITDA $191.0M (-11.2% YoY).
- FY2024 revenue guidance narrowed to bottom of $2.52-$2.62B; EBITDA guided to mid-range $730-$770M.
- Quarterly dividend of $0.10/share declared, payable Oct 4 to holders of record Sep 20.
- CEO highlights M&A focus to expand game portfolio; casual games revenue down 1.7% YoY.