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Mar 31, 2021
Playtika Q1 2021 Earnings Report
Reported a robust first quarter with significant year-over-year revenue growth and increased financial outlook for 2021.
Key Takeaways
Playtika Holding Corp. reported strong first-quarter results, with a 19.6% year-over-year increase in revenue. The company's focus on data-driven game management and impactful marketing campaigns drove impressive revenue growth. They also increased their financial outlook for the year, targeting $1 billion in adjusted EBITDA.
First quarter revenue reached $638.9 million, compared to $534.2 million in the prior year period.
Net income was $35.7 million, nearly identical to the $35.8 million in the prior year period.
Adjusted EBITDA was $258.0 million, up from $186.1 million in the prior year period.
The company anticipates full year 2021 revenue of $2.6 billion and Adjusted EBITDA of $1.0 billion.
Playtika
Playtika
Forward Guidance
For the full year 2021, the company anticipates revenue of $2.6 billion and Adjusted EBITDA of $1.0 billion.