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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.
Playtika
Playtika
Playtika Revenue by Segment
Revenue by Segment
Bingo Blitz Revenue
CapyFin.comSlotomania Revenue
CapyFin.com 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