Playtika Holding Corp. Reports Q3 2025 Financial Results

Core Insights - Playtika Holding Corp. reported third-quarter revenue of $674.6 million, reflecting a sequential decrease of 3.1% but an increase of 8.7% year over year [1][9] - Direct-to-Consumer (DTC) revenue reached a record $209.3 million, with a sequential increase of 19.0% and a year-over-year increase of 20.0% [1][9] - The company reaffirmed its full-year revenue guidance between $2.70 billion and $2.75 billion, and adjusted EBITDA guidance between $715 million and $740 million [6] Financial Performance - GAAP Net Income for the quarter was $39.1 million, up 17.8% sequentially but down 0.5% year over year [9] - Adjusted Net Income surged to $65.8 million, a sequential increase of 912.3% and a year-over-year increase of 16.3% [9][36] - Adjusted EBITDA was reported at $217.5 million, reflecting a sequential increase of 30.2% and a year-over-year increase of 10.3% [9][32] Operational Metrics - Average Daily Paying Users (DPUs) decreased by 6.3% sequentially to 354,000 but increased by 17.6% year over year [10] - Average Payer Conversion improved to 4.3%, up from 4.0% in Q3 2024 [10] - Revenue from Bingo Blitz was $162.6 million, showing a sequential increase of 1.5% and a year-over-year increase of 1.7% [10] Dividend Announcement - The Board of Directors declared a cash dividend of $0.10 per share, payable on January 9, 2026, to stockholders of record as of December 26, 2025 [5] Strategic Focus - The CEO emphasized the company's strategy to deepen player relationships and grow the DTC mix, which is expected to enhance long-term cash generation [3] - The CFO highlighted the leverage in the company's model, noting that a growing DTC mix is protecting margins and validating the acquisition strategy [3]