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Jun 30, 2024
Playtika Q2 2024 Earnings Report
Reported a decrease in revenue but an increase in net income driven by focus on DTC business and expense management.
Key Takeaways
Playtika Holding Corp. reported a decrease in revenue of $627.0 million, a (2.5)% year over year decrease. Net income increased to $86.6 million, a 14.4% year over year increase. The company expects revenue to be toward the bottom end of the previously provided range of $2.52 - $2.62 billion for the full year 2024.
Revenue decreased (2.5)% year over year to $627.0 million.
Direct-to-Consumer (DTC) revenue increased 5.1% year over year to $173.7 million.
Net income increased 14.4% year over year to $86.6 million.
Credit Adjusted EBITDA decreased (11.2)% year over year to $191.0 million.
Revenue by Segment
Forward Guidance
For the full year 2024 the company expects revenue to be toward the bottom end of the previously provided range of $2.52 - $2.62 billion, Credit Adjusted EBITDA to be in the middle of the previously provided range of $730 - $770 million, and capital expenditures within a range $95 - $100 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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