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Jun 30, 2021
Playtika Q2 2021 Earnings Report
Revenue grew driven by organic growth, conversion enhanced, and new game development ramped up.
Key Takeaways
Playtika Holding Corp. reported a revenue increase to $659.2 million for the second quarter of 2021, driven by organic growth. Net income was $90.0 million, a significant improvement from the prior year's loss. The company is reiterating its 2021 financial outlook and has over $1.7 billion in available liquidity for M&A initiatives.
Second quarter revenue was $659.2 million, compared to $650.5 million in the prior year period.
Net income was $90.0 million compared to a loss of $139.6 million in the prior year period.
Adjusted EBITDA was $264.4 million compared to $283.2 million in the prior year period.
Cash and cash equivalents totaled $1,179.7 million as of June 30th, 2021.
Playtika
Playtika
Forward Guidance
For the full year 2021, the company anticipates revenue of $2.60 billion and Adjusted EBITDA of $1.0 billion.