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Jun 30, 2022
Playtika Q2 2022 Earnings Report
Financial results were released for the second quarter, showing growth in the casual game portfolio and direct-to-consumer platforms. The company focused on optimizing its business and improving core operations.
Key Takeaways
Playtika Holding Corp. reported second-quarter revenue of $659.6 million, a slight increase from $659.2 million in the prior year period. Net income was $36.4 million, down from $90.0 million in the prior year period. Adjusted EBITDA was $238.9 million, compared to $264.4 million in the prior year period. The company is focused on new content and game development initiatives.
Casual portfolio revenue grew 10.0% year-over-year, comprising 53.3% of total revenue.
Average Daily Payer Conversion increased to 3.2%, up from 2.9% in Q2 2021.
Direct-to-Consumer channel grew 14.2% year-over-year and is now 23.3% of total revenue.
June's Journey grew revenue 34.2% year-over-year.
Playtika
Playtika
Forward Guidance
For the full year 2022, the company anticipates revenue within a range of $2.60 - 2.66 billion and Adjusted EBITDA within a range of $900 - $940 million.