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Sep 30, 2021
Playtika Q3 2021 Earnings Report
Revenue increased, and strategic investments were made to set the stage for future growth.
Key Takeaways
Playtika Holding Corp. reported a 4% year-over-year increase in revenue, reaching $636 million for the third quarter of 2021. The company acquired Reworks and soft-launched Merge Stories, with plans for further expansion in 2022. While revenue grew, net income decreased compared to the prior year period.
Third quarter revenue was $635.9 million, compared to $613.3 million in the prior year period.
Net income was $80.5 million, compared to $119.9 million in the prior year period.
Adjusted EBITDA was $247.8 million, compared to $261.4 million in the prior year period.
The company acquired Reworks, the maker of Redecor.
Playtika
Playtika
Forward Guidance
For the full year 2021 the company anticipates revenue of $2.57 billion and Adjusted EBITDA of $980 million.