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Mar 31, 2024
Playtika Q1 2024 Earnings Report
Reported a revenue of $651.2 million with DTC revenue of $171.5 million. DTC Platforms Revenue increased 6.1% Sequentially and 13.2% Year Over Year. GAAP Net Income was $53.0 million and Credit Adj. EBITDA was $185.6 million. An Inaugural $150 million Share Repurchase Program was announced.
Key Takeaways
Playtika Holding Corp. reported its Q1 2024 financial results, with revenue reaching $651.2 million. The company's direct-to-consumer (DTC) platforms showed strong growth, increasing both sequentially and year-over-year. Net income was $53.0 million, and Credit Adjusted EBITDA amounted to $185.6 million. Additionally, Playtika announced a $150 million share repurchase program.
Revenue reached $651.2 million, a 2.1% sequential increase but a 0.8% year-over-year decrease.
DTC platforms revenue totaled $171.5 million, showing a 6.1% sequential increase and a 13.2% year-over-year increase.
Net income was $53.0 million, representing a 42.1% sequential increase but a 37.0% year-over-year decrease.
Credit Adjusted EBITDA was $185.6 million, a 1.7% sequential decrease and a 16.7% year-over-year decrease.
Playtika
Playtika
Playtika Revenue by Segment
Revenue by Segment
DTC Platforms Revenue
CapyFin.comBingo Blitz Revenue
CapyFin.comSlotomania Revenue
CapyFin.com Forward Guidance
For the full year 2024 the company expects revenue to be within the previously provided range of $2.52 - $2.62 billion, Credit Adjusted EBITDA within a range of $730 - $770 million, and capital expenditures within a range of $110 - $115 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income