Playtika Holding Corp. (NASDAQ:PLTK) Q3 2023 Results Conference Call November 8, 2023 8:30 AM ET Company Participants Tae Lee - Senior Vice President, Corporate Finance & Investor Relations Robert Antokol - Co-Founder & Chief Executive Officer Craig Abrahams - President & Chief Financial Officer Nir Korczak - Chief Marketing Officer Conference Call Participants Aaron Lee - Macquarie Arthur Chu - Bank of America Eric Sheridan - Goldman Sachs Colin Sebastian - Baird Dave Nwokonko - Morgan Stanley Operator Goo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-39896 PLAYTIKA HOLDING CORP. (Exact Name of Registrant as Specified in its Charter) Delaware 81-3634591 (State of ...

Playtika Holding Corp. (NASDAQ:PLTK) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Tae Lee - Senior Vice President, Corporate Finance & Investor Relations Robert Antokol - Co-Founder & Chief Executive Officer Craig Abrahams - President & Chief Financial Officer Nir Korczak - Chief Marketing Officer Conference Call Participants Matt Cost - Morgan Stanley Stephen Ju - Credit Suisse Omar Dessouky - Bank of America Colin Sebastian - Baird Clark Lampen - BTIG Drew Crum - Stifel ...

Forward-Looking Statements Additional factors that may cause future events and actual results, financial or otherwise, to differ, potentially materially, from those discussed in or implied by the forward-looking statements include the risks and uncertainties discussed in our filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or e ...

Financial Performance - Total revenues for Q2 2023 were $642.8 million, a decrease of 2.9% compared to $659.6 million in Q2 2022[18] - Net income for the six months ended June 30, 2023, was $159.8 million, up 33.7% from $119.6 million in the same period of 2022[18] - Income from operations for Q2 2023 was $139.2 million, significantly higher than $91.3 million in Q2 2022, marking a 52.5% increase[18] - Comprehensive income for the six months ended June 30, 2023, was $169.7 million, compared to $119.1 million in the same period of 2022, reflecting a 42.5% increase[18] - Net income for the three months ended June 30, 2023, was $75.7 million, a 108% increase from $36.4 million in the same period of 2022[100] - Basic net income per share for the three months ended June 30, 2023, was $0.21, compared to $0.09 for the same period in 2022, representing a 133% increase[100] - The effective tax rate for the three months ended June 30, 2023, was 34.8%, compared to 47.2% for the same period in 2022[95] Expenses and Costs - Research and development expenses decreased to $100.3 million in Q2 2023 from $125.2 million in Q2 2022, reflecting a reduction of 19.9%[18] - Stock-based compensation for the six months ended June 30, 2023, was $54.5 million, down from $75.2 million in the same period of 2022[23] - Total stock-based compensation costs for Q2 2023 were $26.1 million, a decrease of 27.7% from $36.1 million in Q2 2022[60] - Research and development expenses for Q2 2023 were $9.5 million, down from $13.2 million in Q2 2022, representing a 28.0% decrease[60] - Interest expense for the three months ended June 30, 2023, was $35.8 million, an increase from $25.9 million in the same period of 2022[94] Assets and Liabilities - Total assets increased to $2,845.2 million as of June 30, 2023, compared to $2,697.6 million at the end of 2022, representing a growth of 5.5%[16] - The company reported a total stockholders' deficit of $344.9 million as of June 30, 2023, an improvement from a deficit of $568.6 million at the end of 2022[16] - The company’s long-term debt remained relatively stable at $2,405.8 million as of June 30, 2023, compared to $2,411.2 million at the end of 2022[16] - As of June 30, 2023, total accrued expenses and other current liabilities amounted to $340.3 million, down from $385.2 million as of December 31, 2022[45] - The Company's total debt as of June 30, 2023, was $2,417.5 million, a decrease from $2,423.6 million as of December 31, 2022[46] Cash Flow - Cash provided by operating activities for the six months ended June 30, 2023, was $227.5 million, slightly down from $241.1 million in 2022[23] - The company’s cash and cash equivalents increased to $955.1 million as of June 30, 2023, up from $768.7 million at the end of 2022, a rise of 24.3%[16] - Total cash, cash equivalents, and restricted cash at the end of June 30, 2023, was $957.1 million, compared to $1,167.6 million at the end of June 30, 2022[23] - The fair value of cash and cash equivalents was $850.3 million as of June 30, 2023, compared to $688.8 million as of December 31, 2022[72] Legal and Regulatory Matters - The company is currently involved in multiple legal disputes, including a lawsuit alleging unlawful gambling, which may impact its financial condition, although the exact impact is not yet estimable[83][85] - The Company has recorded a reserve for a lawsuit based on its best estimate outcome, with potential liabilities exceeding the current reserve[76] Acquisitions and Investments - The company entered into a definitive agreement to acquire Youda Games for an initial cash consideration of EUR 81.3 million, with a total maximum consideration of EUR 150 million[101] - The company’s net cash used in investing activities for the six months ended June 30, 2023, was $33.0 million, compared to $67.3 million in 2022[23] Derivative Contracts and Interest Rates - The Company had outstanding derivative contracts to purchase foreign currencies hedging approximately $183.0 million in future salary expenses as of June 30, 2023[66] - The aggregate fair value of the Company's interest rate swap agreements was an asset of $57.7 million as of June 30, 2023[65] - A hypothetical 100 basis point increase in interest rates would increase the company's interest expense by $8.6 million over a twelve-month period[160] - The company amended its interest rate swap agreements in June 2023, reducing the fixed interest rate from 0.9275% to 0.85% effective July 31, 2023[157]

Playtika Holding Corp. (NASDAQ:PLTK) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Tae Lee - SVP, Corporate Finance and IR Robert Antokol - Co-Founder and CEO Craig Abrahams - President and CFO Nir Korczak - CMO Conference Call Participants Stephen Ju - Credit Suisse Matt Cost - Morgan Stanley Douglas Creutz - Cowen & Company Aaron Lee - Macquarie Eric Handler - ROTH MKM Eric Sheridan - Goldman Sachs Franco Granda - D.A. Davidson Omar Dessouky - Bank of America Operator Welcome ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-39896 PLAYTIKA HOLDING CORP. (Exact Name of Registrant as Specified in its Charter) Delaware 81-3634591 (State of oth ...

Financial Data and Key Metrics Changes - For the full year 2022, revenue was $2.616 billion, up 1.3% year-over-year, while net income was $275.3 million, down 10.8% year-over-year [43][44] - In Q4 2022, revenue was $631.2 million, down 2.7% year-over-year, and net income was $87.5 million, down 14.5% [17][20] - Retention plan adjusted EBITDA for the year was $919 million, down 6.5% year-over-year, while credit adjusted EBITDA was $805.1 million, a decrease of 5.1% year-over-year [43][44] Business Line Data and Key Metrics Changes - Revenue from casual team games grew 2.7% year-over-year, with Bingo Blitz revenue at $155.1 million, up 18.4% year-over-year, and Solitaire Grand Harvest revenue at $72.8 million, up 18.7% year-over-year [14][15] - Social casino team games revenue for Q4 was down 8.6% year-over-year, primarily due to lower results in Slotomania, which generated $149.2 million, down 9% year-over-year [42] Market Data and Key Metrics Changes - Average Daily Active Users (DAU) declined 14.6% year-over-year to 8.8 million, while Average Revenue Per Daily Active User (ARPDAU) increased 14.7% year-over-year to $0.78 [47] Company Strategy and Development Direction - The company is focusing on cost discipline and prioritizing investments in high ROI projects while navigating a challenging macroeconomic environment for mobile gaming [22][23] - A strategic shift has been made to temporarily suspend new game development until the ROI for new games is economically viable, while investing in high-growth potential studios [13][39] - The company aims to integrate digital studio capabilities across all games to optimize monetization and enhance player experience [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the roadmap for 2023, focusing on strengthening existing franchises and building on momentum achieved [49] - The marketing environment remains challenging, with high customer acquisition costs impacting new game launches, leading to a strategic pause in new game development [51][80] - The company anticipates improvements in the macroeconomic environment for mobile gaming in 2024 and beyond [23] Other Important Information - The company generated $383.7 million in free cash flow for the year, with capital expenditures of $110 million, below the guidance of $125 million to $130 million [18] - The company executed a tender offer in Q4, returning $600 million to shareholders and retiring over 51.8 million shares [45] Q&A Session Summary Question: How should the portfolio's overall growth be viewed in relation to broader mobile growth? - Management indicated that they continue to invest in their biggest franchises, leveraging AI technology for efficient media buying despite a tough marketing environment [25] Question: What is the expectation for marketing investments in the first quarter? - Management noted that they do not provide quarter-over-quarter guidance but typically find the first quarter favorable for marketing investments [28] Question: What is the outlook for the social casino business revenue stabilization? - Management acknowledged that Slotomania showed signs of stabilization, with a slight sequential decline in Q4 [77] Question: How does the company view the current M&A environment? - Management sees fewer successful startups, which creates fewer M&A opportunities, but also better valuations for potential acquisitions [86] Question: What is the company's strategy regarding in-app advertising? - Management confirmed that they do not plan to change their policy on in-app advertising, as they believe in-app purchases provide more stable revenue [62] Question: What is the expected leverage multiple for potential acquisitions? - Management stated that their target range for net leverage is one to three times, but they would consider going above that for the right opportunity [89]

PLAYTIKA HOLDING CORP. Fourth Quarter and Fiscal Year 2022 Results February 28, 2023 LEGAL DISCLAIMER Forward-Looking Statements This presentation contains forward-looking statements. All statements contained in this presentation other than statements of historical facts, including statements regarding our business strategy, plans, market growth and our objectives for future operations, are forward-looking statements. The words "may," "will," "should," "expect," "would," "plan," "anticipate," "could," "inte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Exact Name of Registrant as Specified in its Charter) Delaware 81-3634591 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State of other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) For the fiscal period ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition ...