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Sep 30, 2022
Playtika Q3 2022 Earnings Report
Revenue increased slightly, driven by growth in the casual games portfolio, while net income decreased.
Key Takeaways
Playtika reported a slight increase in revenue for the third quarter of 2022, driven by strong performance in its casual games portfolio. However, net income decreased compared to the prior year period.
Third quarter revenue was $647.8 million, up 1.9% year-over-year.
Casual portfolio revenue grew 14.4% year-over-year, representing 54.9% of total revenue.
Net income was $68.2 million, compared to $80.5 million in the prior year period.
Cash and cash equivalents totaled $1,255.4 million as of September 30, 2022.
Playtika
Playtika
Forward Guidance
For the full year 2022, the company expects revenue to be within the previously provided range of $2.60 - $2.66 billion and Adjusted EBITDA within a range of $900 - $940 million.