Loading...
•
Mar 31, 2023
Playtika Q1 2023 Earnings Report
Reported a slight decrease in year-over-year revenue and a sequential increase in revenue, highlighting growth in DTC platforms and strategic investments.
Key Takeaways
Playtika Holding Corp. reported Q1 2023 financial results with a total revenue of $656.2 million, a slight year-over-year decrease of (3.1)%, but increased 4.0% sequentially. Net income was $84.1 million, and Credit Adjusted EBITDA reached $222.7 million. The company saw growth in average payer conversion and highlighted the performance of specific games like Bingo Blitz and Solitaire Grand Harvest.
Total revenue reached $656.2 million, a 4.0% increase sequentially but decreased (3.1)% year-over-year.
DTC platforms revenue was $151.5 million, showing a slight decrease of (0.6)% year-over-year.
Net income amounted to $84.1 million, reflecting a 1.1% increase year-over-year.
Credit Adjusted EBITDA totaled $222.7 million, marking a 12.8% increase year-over-year.
Playtika
Playtika
Playtika Revenue by Segment
Revenue by Segment
Bingo Blitz Revenue
CapyFin.comSlotomania Revenue
CapyFin.com Forward Guidance
Playtika reaffirmed its guidance for the fiscal year, expecting revenue between $2.570 billion and $2.620 billion, Credit Adjusted EBITDA between $805 million and $830 million, and capital expenditures between $115 million and $120 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income