Loading...
•
Mar 31, 2022
Playtika Q1 2022 Earnings Report
Reported strong revenue growth driven by efforts to improve monetization and retention, with investments in product roadmaps and marketing campaigns.
Key Takeaways
Playtika Holding Corp. reported a revenue increase of 6.0% year-over-year to $676.9 million for the first quarter of 2022. Net income increased to $83.2 million, compared to $35.7 million in the prior year period. The company's average daily payer conversion increased to 3.2%, and the casual portfolio revenue grew by 20.7% year-over-year, now representing 52.5% of total revenue.
First quarter revenue was $676.9 million compared to $638.9 million in the prior year period.
Net income was $83.2 million compared to $35.7 million in the prior year period.
Average Daily Payer Conversion increased to 3.2%, up from 2.8% in Q1’21
Casual portfolio grew revenue 20.7% year-over-year, comprising 52.5% of total revenue
Playtika
Playtika
Forward Guidance
For the full year 2022 the company anticipates revenue of $2.73 billion and Adjusted EBITDA of $940 million.