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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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