Workflow
Playtika(PLTK)
icon
Search documents
Playtika (PLTK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-02-27 15:36
For the quarter ended December 2024, Playtika Holding (PLTK) reported revenue of $650.3 million, up 1.9% over the same period last year. EPS came in at $0.03, compared to $0.10 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $624.91 million, representing a surprise of +4.06%. The company delivered an EPS surprise of -83.33%, with the consensus EPS estimate being $0.18.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...
Playtika Holding (PLTK) Lags Q4 Earnings Estimates
ZACKS· 2025-02-27 13:50
Playtika Holding (PLTK) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -83.33%. A quarter ago, it was expected that this mobile game developer would post earnings of $0.18 per share when it actually produced earnings of $0.11, delivering a surprise of -38.89%.Over the last four quart ...
Playtika(PLTK) - 2024 Q4 - Annual Report
2025-02-27 13:35
Financial Performance - In the year ended December 31, 2024, the company generated revenues of $2,549.3 million, net income of $162.2 million, and Credit Adjusted EBITDA of $757.7 million, resulting in a net income margin of 6.4% and a Credit Adjusted EBITDA margin of 29.7%[42] - Credit Adjusted EBITDA margin decreased from 32.4% in 2023 to 29.7% in 2024, while net income margin fell from 9.2% in 2023 to 6.4% in 2024[108] - Total revenues declined by 0.7% during 2024, with revenues from the social casino games portfolio declining by 5.6%[159] - Total revenues decreased by 1.9% year-over-year in 2023 and 0.7% year-over-year in 2024, indicating a decline in revenue growth rates[172] - The effective tax rate for 2024 was 42.2%, an increase from 40.1% in 2023, reflecting potential impacts from changing tax laws[184] User Engagement and Acquisition - The company's Daily Payer Conversion increased from 3.6% in 2023 to 3.8% in 2024, while ARPDAU rose from $0.81 to $0.86 during the same period[48] - The average Daily Paying Users (DPUs) remained stable at 0.31 million for both 2023 and 2024[48] - The average Daily Payer Conversion rate was 3.8% for the year ended December 31, 2024[111] - 98.4% of total revenues were derived from in-game purchases for the years ended December 31, 2024 and 2023[115] - The company has increased the use of incentivized marketing, which accounted for over 50% of user acquisition activity within certain games in 2024[152] Game Portfolio and Revenue Sources - The top ten games accounted for 94.1% of total revenues in 2024, with casual games generating 58.9% and social casino-themed games contributing 41.1%[62] - The two largest games, Slotomania and Bingo Blitz, generated approximately 45% of total revenues for the year ended December 31, 2024[62] - The top two games, Slotomania and Bingo Blitz, generated approximately 45% and 46% of total revenues for the years ended December 31, 2024 and 2023, respectively[105] - For the year ended December 31, 2024, 68.6% of the company's revenues were generated through the iOS App Store, Facebook, and Google Play Store[101] - The company derived 1.6% of its revenues from in-game advertising for the years ended December 31, 2024, and 2023[134] Competition and Market Challenges - The company faces significant competition from major players such as Tencent Holdings, Activision Blizzard, and Electronic Arts, among others[67] - The mobile gaming industry is characterized by low barriers to entry, leading to increased competition and a rapidly evolving market[122] - The effectiveness of user acquisition activities may decline due to intensified competition and evolving privacy rules, potentially impacting revenue[112] - The company has faced a decline in revenues from social casino games, with Slotomania revenues declining by approximately 9.5% in 2024 and 9.0% in 2023[105] Regulatory and Legal Environment - The company is subject to various evolving laws and regulations related to online gaming, privacy, and consumer protection, which could increase compliance costs and impact revenues[75] - A U.S. Court of Appeals ruling classified a competitor's social casino game as illegal gambling, raising concerns for the company regarding potential legal challenges[78] - The company is actively monitoring and adapting to regulatory changes regarding in-game purchases and loot boxes, which may affect monetization strategies[82] - The company faces ongoing litigation related to the classification of its social casino games as illegal gambling, which could result in significant financial liabilities[143] Employee and Operational Insights - Approximately 75% of the company's employees are engaged in research and development, facilitating consistent updates and enhancements to games[65] - As of December 31, 2024, the company had approximately 3,500 employees, emphasizing the importance of its skilled workforce as a competitive advantage[93] - The company invests in employee development and retention strategies, including comprehensive compensation packages and career development services, to maintain a competitive workforce[94] - The loss of key personnel, particularly in Israel, could disrupt game development and negatively impact the company's operations[161][166] Debt and Financial Obligations - The company has significant indebtedness and is subject to obligations and restrictive covenants under its debt instruments, which could limit operational flexibility[99] - As of December 31, 2024, the company had $2,428.8 million in outstanding indebtedness and $600.0 million available for borrowing under a revolving credit facility[129] - The company agreed to make future earnout payments of up to $1.250 billion related to the acquisition of SuperPlay, Ltd., contingent on achieving specific revenue and EBITDA targets[132] - The company expects to refinance all or a portion of its indebtedness before maturity, with potential risks of increased interest expenses if refinancing is not available at comparable rates[133] International Operations and Risks - The company faces risks related to international operations, including political, regulatory, and economic uncertainties[199] - The company has significant operations in central and eastern Europe, where political instability could negatively affect business performance[211] - The company has closed its operations in Belarus as of December 31, 2024, due to regional instability and sanctions following the Russian invasion of Ukraine[212] - The ongoing conflict in Ukraine may materially and adversely affect the company's business, financial condition, and results of operations due to potential sanctions and operational restrictions[224] Technology and Security - The company operates a proprietary technology platform that enhances live operations services, powered by machine learning and AI for various use cases[49] - The company emphasizes the importance of security for its games, as breaches could compromise player information and expose the company to liability[238] - Security incidents could result in unauthorized access to data, operational interruptions, and significant costs related to incident response and compliance[238] - The company does not maintain comprehensive insurance for system failures or business interruptions, increasing potential risks[237]
Playtika(PLTK) - 2024 Q4 - Annual Results
2025-02-27 13:01
Exhibit 99.1 Playtika Holding Corp. Reports Q4 and 2024 Financial Results Revenue of $650.3 million and Direct-to-Consumer ("DTC") Revenue of $174.6 million DTC platforms Revenue Increased 0.1% Sequentially and 8.0% Year Over Year GAAP Net Income of $(16.7) million and Credit Adj. EBITDA of $183.9 million Herzliya, Israel – February 27, 2025 - Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Financial H ...
Playtika(PLTK) - 2024 Q4 - Earnings Call Presentation
2025-02-27 12:58
February 27, 2025 LEGAL DISCLAIMER Forward-Looking Statements PLAYTIKA HOLDING CORP. Fourth Quarter 2024 and Full Year 2024 Results 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-look ...
Playtika Holding Corp. Reports Q4 and 2024 Financial Results
GlobeNewswire News Room· 2025-02-27 11:35
Revenue of $650.3 million and Direct-to-Consumer (“DTC”) Revenue of $174.6 millionDTC platforms Revenue Increased 0.1% Sequentially and 8.0% Year Over YearGAAP Net Income of $(16.7) million and Credit Adj. EBITDA of $183.9 million HERZLIYA, Israel, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights: Revenue of $650.3 million increased 4.8% sequentiall ...
Ahead of Playtika (PLTK) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
ZACKS· 2025-02-25 15:20
Wall Street analysts expect Playtika Holding (PLTK) to post quarterly earnings of $0.17 per share in its upcoming report, which indicates a year-over-year increase of 70%. Revenues are expected to be $618.24 million, down 3.1% from the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Ahead of a company's ear ...
Playtika Announces Date of Fourth Quarter 2024 Results Conference Call
GlobeNewswire· 2025-02-06 13:00
HERZLIYA, Israel, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ:PLTK) announced today that it will release financial results for the fourth quarter of 2024 before U.S. markets open on Thursday, February 27, 2025. On the same day, Playtika management will hold a conference call to discuss the results at 5:30 AM Pacific Time, 8:30 AM Eastern Time. A live webcast of the conference call and earnings release materials will be available on Playtika’s Investor Relations website at investors.play ...
Are Investors Undervaluing Playtika (PLTK) Right Now?
ZACKS· 2025-01-31 15:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and ...
Is Playtika (PLTK) Stock Undervalued Right Now?
ZACKS· 2025-01-15 15:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.On top of the ...