Downloading the WSOP app for free automatically qualifies poker fans for the chance to win a free Vegas poker vacationHERZLIYA, Israel, June 2, 2025 /PRNewswire/ -- As professional poker players gear up for the World Series of Poker tournament next month, Playtika's WSOP free-to-play app is giving fans a chance to join in on the action. Now through July 31, the WSOP app will award nine lucky players with the ultimate Las Vegas poker getaway, including airfare, accommodations and spending money for each winn ...

Core Insights - Playtika Holding (PLTK) reported revenue of $706 million for the quarter ended March 2025, reflecting an 8.4% increase year-over-year and a surprise of +1.25% over the Zacks Consensus Estimate of $697.25 million [1] - The company's EPS was $0.09, down from $0.15 in the same quarter last year, resulting in an EPS surprise of -18.18% compared to the consensus estimate of $0.11 [1] Financial Performance Metrics - Playtika's shares have returned +9.9% over the past month, while the Zacks S&P 500 composite increased by +11.3%, indicating a performance in line with the broader market [3] - Average Daily Payer Units (DPUs) were reported at 0.39 million, exceeding the average estimate of 0.33 million from two analysts [4] - The Average Daily Payer Conversion rate was 4.3%, slightly above the estimated 4% [4] - Monthly Active Users (MAUs) reached 31.8 million, surpassing the average estimate of 29.4 million [4] - Daily Active Users (DAUs) were reported at 9 million, exceeding the estimated 8.36 million [4] - Average Revenue Per Daily Active User (ARPDAU) was $0.87, below the estimated $0.91 [4]

Financial Data and Key Metrics Changes - Playtica achieved a historic milestone in Q1 2025, generating over $700 million in revenue, the highest quarterly revenue in the company's history, reflecting an 8.6% sequential increase and an 8.4% year-over-year increase [5][15] - Credit adjusted EBITDA was $167.3 million, down 9% sequentially and down 9.9% year over year, while GAAP net income was $30.6 million, down 42.3% year over year [15] - Direct-to-consumer (D2C) business generated $179.2 million, up 2.6% sequentially and 4.5% year over year, driven by Bingo Blitz, June's Journey, and Solitaire Grand Harvest [15][16] Business Line Data and Key Metrics Changes - Bingo Blitz achieved record revenues of $162.4 million, up 2.1% sequentially and 3.1% year over year, driven by marketing initiatives such as the American Idol campaign [19][20] - Slotomania's revenue was $111.8 million, down 5.5% sequentially and 17.4% year over year, with ongoing challenges leading to a decline in performance [21] - Dice Dreams generated $78.6 million, reflecting a 124.5% sequential increase due to successful integration and marketing efforts [22] Market Data and Key Metrics Changes - Average Daily Users (DAU) increased 12.5% sequentially and 2.3% year over year to 9 million, while Average Revenue Per Daily Active User (ARPDAU) decreased 2.2% sequentially but increased 7.4% year over year to $0.87 [26] Company Strategy and Development Direction - The company is focusing on stabilizing Slotomania and launching new slot games, with plans to integrate renowned IGT slot titles into its platform [9][10] - Playtica is committed to enhancing its D2C business, targeting 30% of revenue from this segment, and believes it has significant growth potential [16][40] - The company is making strategic capital allocation decisions to enhance its financial profile and capitalize on evolving mobile gaming dynamics [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced by Slotomania and emphasized the need for significant changes to stabilize the game [33] - The company expects marketing expenses to decline sequentially in the coming quarters, which typically occurs after the first quarter [18][29] - Management reaffirmed guidance for the year, anticipating that declines in slot games will be offset by growth in casual titles [19] Other Important Information - Cost of revenue increased 11.5% year over year, driven by revenue growth and increased amortization expenses from the acquisition of Superplay [24] - Operating expenses increased 19.4%, primarily due to increased performance marketing spending [24] - As of March 31, the company had approximately $514.3 million in cash, cash equivalents, and short-term investments [25] Q&A Session Summary Question: Discussion on Disney Solitaire's marketing plans - Management expressed excitement about Disney Solitaire's strong start and noted that Q1 typically has the highest marketing spend, which will decline sequentially [28][29] Question: Future of Slotomania and new slot game plans - Management acknowledged ongoing issues with Slotomania and emphasized the importance of stabilizing the game while also planning to launch a new slot game to regain market share [32][33] Question: D2C channel updates and overall mix - Management highlighted the importance of D2C for Playtica and expressed confidence in its growth potential, noting that the company is well-prepared for current market changes [39][41]

Playtika Holding (PLTK) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Tae Lee - SVP - Corporate Finance & Investor RelationsRobert Antokol - CO-Founder, Chairman & CEOCraig Abrahams - President & CFODoug Creutz - Managing DirectorMatthew Cost - Executive Director, Equity ResearchAlbert Kim - Equity Research Associate Operator Good day, and thank you for standing by. Welcome to the Playtica Q1 twenty twenty five Earnings Call. At this time, all participants are in listen only mode. Afte ...

Financial Data and Key Metrics Changes - The company achieved record revenue of over $700 million in Q1 2025, marking the highest quarterly revenue in its history, reflecting the strength of its mobile games portfolio [5] - Revenue for the first quarter was $706 million, an 8.6% sequential increase and an 8.4% year-over-year increase [15] - Credit adjusted EBITDA was $167.3 million, down 9% sequentially and down 9.9% year-over-year [15] - GAAP net income was $30.6 million, down 42.3% year-over-year [15] - Direct-to-consumer (D2C) revenue reached $179.2 million, up 2.6% sequentially and 4.5% year-over-year [15] Business Line Data and Key Metrics Changes - Bingo Blitz achieved revenue of $162.4 million, up 2.1% sequentially and 3.1% year-over-year, driven by marketing initiatives [19] - Slotomania revenue was $111.8 million, down 5.5% sequentially and 17.4% year-over-year, indicating ongoing challenges [21] - Dice Dreams generated $78.6 million in revenue, reflecting a 124.5% sequential increase due to successful integration [22] - The D2C business is expected to grow, with many games performing above the targeted 30% revenue contribution from D2C [16] Market Data and Key Metrics Changes - Average Daily Users (DAU) increased by 12.5% sequentially and 2.3% year-over-year to 9 million [26] - Average Daily Pay Users (DPU) increased by 15% sequentially and 26.2% year-over-year to 390,000 [26] - Average Revenue Per Daily Active User (ARPDAU) decreased by 2.2% sequentially but increased by 7.4% year-over-year to $0.87 [26] Company Strategy and Development Direction - The company is focusing on stabilizing Slotomania while launching new slot games to regain market share [9][35] - There is a commitment to enhancing the D2C business, which is seen as a significant growth opportunity [40] - The company is prioritizing product investments and operational improvements to stabilize underperforming titles [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced by Slotomania and emphasized the need for significant changes to stabilize the game [34] - The company is optimistic about the growth potential of its casual game franchises and plans to continue investing in them [13] - Marketing expenses are expected to decline sequentially, which may help improve margins in the future [17] Other Important Information - The company has approximately $514.3 million in cash, cash equivalents, and short-term investments as of March 31 [25] - An agreement was made to extend the maturity of the revolving credit facility from March 2026 to September 2027 [26] Q&A Session Summary Question: Discussion on Disney Solitaire's marketing plans - Management expressed excitement about Disney Solitaire's strong launch and indicated that marketing expenses typically decline after Q1, balancing capital allocation across games with the best ROI [29][30] Question: Future of Slotomania and new slot game plans - Management acknowledged ongoing declines in Slotomania and emphasized the importance of stabilizing the game while also launching a new slot game to regain market share [33][34] Question: Updates on D2C initiatives and overall mix - Management highlighted the D2C business as a significant advantage and expressed confidence in its growth potential, indicating that they are well-prepared for current market changes [39][40]

Core Insights - Playtika Holding (PLTK) reported quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.11 per share, and down from $0.15 per share a year ago, representing an earnings surprise of -18.18% [1] - The company posted revenues of $706 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.25%, and up from $651.2 million year-over-year [2] - Playtika shares have declined approximately 21.8% since the beginning of the year, compared to a -4.3% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $706.14 million, and for the current fiscal year, it is $0.55 on revenues of $2.83 billion [7] - The estimate revisions trend for Playtika is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Gaming industry, to which Playtika belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, GDEV Inc. (GDEV), is expected to report quarterly earnings of $0.18 per share, reflecting a year-over-year change of +280% [9]

Financial Performance - Revenues for Q1 2025 increased to $706.0 million, up 8.5% from $651.2 million in Q1 2024[18] - Net income for Q1 2025 was $30.6 million, a decrease of 42.3% compared to $53.0 million in Q1 2024[18] - Operating expenses for Q1 2025 totaled $638.2 million, up 15.4% from $553.1 million in Q1 2024[18] - Advertising expenses for the three months ended March 31, 2025, were $224.4 million, up from $160.1 million in 2024, indicating a 40.1% increase[102] - For the three months ended March 31, 2025, total revenues increased to $706.0 million, up from $651.2 million in the same period of 2024, representing an 8.4% growth[97] - Net income for the three months ended March 31, 2025, was $30.6 million, down from $53.0 million in 2024, reflecting a decrease of 42.3%[108] Assets and Liabilities - Total current assets decreased to $827.8 million from $872.8 million as of December 31, 2024[16] - Total liabilities decreased to $3,693.8 million from $3,770.3 million as of December 31, 2024[16] - Cash and cash equivalents increased to $565.8 million from $434.8 million as of December 31, 2024[16] - Total stockholders' deficit improved to $(117.2) million from $(131.1) million as of December 31, 2024[16] - As of March 31, 2025, the total debt of the company was $2,397.1 million, a decrease from $2,424.0 million as of December 31, 2024[56] - Long-lived assets, net, increased to $228.0 million as of March 31, 2025, from $205.3 million as of December 31, 2024[103] Cash Flow and Expenses - Cash flows from operating activities provided $18.8 million, down from $29.6 million in Q1 2024[24] - Cash paid for income taxes decreased to $17.3 million in Q1 2025 from $33.2 million in Q1 2024, representing a 48% reduction[25] - Cash paid for interest decreased to $40.6 million in Q1 2025 from $43.3 million in Q1 2024, a decline of 6.3%[25] - Total accrued expenses and other current liabilities decreased to $367.9 million as of March 31, 2025, down from $463.0 million as of December 31, 2024, a reduction of 20.5%[51] Shareholder Actions - The company declared a cash dividend of $0.10 per share, totaling $37.6 million[20] - A cash dividend of $0.10 per share was declared on February 25, 2025, totaling $37.6 million, payable on April 4, 2025[64] - The company repurchased approximately 0.8 million shares at an average cost of $5.90 per share during the three months ended March 31, 2025, with $144.3 million remaining under the stock repurchase program[65] - Total stock-based compensation costs for the three months ended March 31, 2025, were $25.8 million, an increase from $24.2 million in the same period of 2024[69] Debt and Financing - The company has a $1.9 billion senior secured first lien term loan maturing on March 11, 2028, and a $600 million revolving credit facility maturing on March 11, 2026[57] - The company's first-priority net senior secured leverage ratio was 1.77 to 1.0 as of March 31, 2025, well below the maximum covenant of 6.25 to 1.0[58] - The aggregate principal amount of the Revolving Credit Facility was decreased from $600 million to $550 million[110] - The applicable margin for the Revolving Credit Facility is 3.00% per annum for Term SOFR loans and 2.00% per annum for base rate loans[111] - The Company had borrowings outstanding under the Term Loan with book values of $1,802.2 million and $1,805.4 million as of March 31, 2025, and December 31, 2024, respectively[169] Legal Matters - The Company is involved in multiple lawsuits alleging unlawful gambling practices, which could impact its financial condition, but the potential effects remain uncertain at this stage[85][91][92][93] - The Company has defended its position vigorously in ongoing litigation, including a class action lawsuit and derivative actions, with motions to dismiss filed in several cases[85][86][88] - The Company is awaiting a ruling on an appeal related to a class action lawsuit, which may affect its financial results[85] - The expected range of loss from a settlement regarding a class action lawsuit in Israel is not material to the Company's financial statements[87] Currency and Interest Rate Risks - The Company is exposed to foreign currency risks related to operating expenses denominated in currencies other than the U.S. Dollar, primarily the Euro, Israeli Shekel, British Pound, Polish Zloty, and Romanian Leu[174] - A hypothetical 100 basis point increase in interest rates would have increased the interest expense by $8.2 million over a twelve-month period[170] - A hypothetical 100 basis point increase in interest rates would have decreased the fair value of the senior notes by $18.8 million as of March 31, 2025[171] - The estimated fair value of the interest rate swap agreements is derived from a discounted cash flow analysis[168] Other Financial Metrics - The effective tax rate for the three months ended March 31, 2025, was 25.5%, compared to 29.2% in the same period of 2024[105] - The Company recorded an impairment of $7.0 million related to one of its investments during Q1 2024, with no changes recorded in Q1 2025[48] - The Company recorded $5.4 million of additional expense to adjust contingent consideration associated with the SuperPlay Acquisition to its estimated fair value as of March 31, 2025[34] - The balance of contingent consideration payable increased from $379.6 million to $386.5 million, reflecting an adjustment of $6.9 million based on post-acquisition performance[82]

Revenue Performance - Revenue for Q1 2025 was $706.0 million, an increase of 8.6% sequentially and 8.4% year over year[1] - Direct-to-Consumer (DTC) revenue reached $179.2 million, up 2.6% sequentially and 4.5% year over year[5] - Bingo Blitz generated $162.4 million in revenue, an increase of 2.1% sequentially and 3.1% year over year[6] - Slotomania revenue decreased to $111.8 million, down 5.5% sequentially and 17.4% year over year[6] - The company reaffirmed its revenue guidance for 2025 to be between $2.80 billion and $2.85 billion[8] Profitability Metrics - GAAP Net Income was $30.6 million, a decrease of 42.3% year over year[5] - Adjusted Net Income was $36.2 million, up 34.1% sequentially but down 39.6% year over year[5] - Net income margin decreased to 4.3% in Q1 2025 from 8.1% in Q1 2024, indicating a decline in profitability[30] - Adjusted Net Income for Q1 2025 was $36.2 million, down from $59.9 million in Q1 2024, a decrease of 39.6%[33] Cash Flow and Investments - Cash, cash equivalents, and short-term investments totaled $514.3 million as of March 31, 2025[5] - Cash flows from operating activities decreased to $18.8 million in Q1 2025 from $29.6 million in Q1 2024, representing a decline of 36.5%[22] - Free Cash Flow for Q1 2025 was $(6.5) million, compared to $(5.3) million in Q1 2024, indicating a worsening cash flow situation[24] - Cash, cash equivalents, and restricted cash at the end of Q1 2025 were $436.3 million, down from $1,017.5 million at the end of Q1 2024, a decline of 57.0%[22] - Net cash used in investing activities increased significantly to $(105.1) million in Q1 2025 from $(35.9) million in Q1 2024[22] - The company paid dividends of $37.3 million in Q1 2025, compared to no dividends paid in Q1 2024[22] Operational Efficiency - Adjusted EBITDA was $167.3 million, down 9.0% sequentially and 9.9% year over year[5] - Adjusted EBITDA for Q1 2025 was $167.3 million, down from $185.6 million in Q1 2024, reflecting a decrease of 9.0%[30] - Adjusted EBITDA margin decreased to 23.7% in Q1 2025 from 28.5% in Q1 2024, indicating reduced operational efficiency[30] - The company reported an impairment charge of $7.0 million in Q1 2024, which was not present in Q1 2025, affecting net income comparisons[33] User Engagement - Average Daily Paying Users (DPUs) increased to 390K, a rise of 15.0% sequentially and 26.2% year over year[6]

PLAYTIKA HOLDING CORP. First Quarter 2025 Results May 8, 2025 LEGAL DISCLAIMER Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Exchange Act. All statements other than statements of historical facts contained in this presentation, including statements regarding our business strategy, plans and our objectives for future operations, are forward-looking statements. Further, s ...

Financial Performance - Playtika Holding Corp. reported revenue of $706.0 million for Q1 2025, representing an increase of 8.6% sequentially and 8.4% year over year [9][21] - Direct-to-Consumer (DTC) revenue reached $179.2 million, with a sequential increase of 2.6% and a year-over-year increase of 4.5% [9] - GAAP net income was $30.6 million, a decrease of 42.3% year over year, while adjusted net income was $36.2 million, reflecting a sequential increase of 34.1% but a year-over-year decrease of 39.6% [9][34] - Adjusted EBITDA for the quarter was $167.3 million, down 9.0% sequentially and 9.9% year over year [9][34] Operational Highlights - The average daily paying users (DPUs) increased to 390,000, marking a 15.0% sequential growth and 26.2% year-over-year growth [10] - Bingo Blitz, the company's largest title, generated revenue of $162.4 million, up 2.1% sequentially and 3.1% year over year [10] - Slotomania revenue decreased to $111.8 million, down 5.5% sequentially and 17.4% year over year [10] Capital Structure and Outlook - The company reaffirmed its revenue guidance for 2025, projecting between $2.80 billion and $2.85 billion, and adjusted EBITDA between $715 million and $740 million [6] - Playtika's Board of Directors declared a cash dividend of $0.10 per share, payable on July 7, 2025 [5] - The company entered into an agreement to extend the maturity of its revolving credit facility to September 2027, reducing the principal amount from $600 million to $550 million [7]