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Sep 30, 2024
Playtika Q3 2024 Earnings Report
Reported financial results for Q3 2024, with revenue of $620.8 million and DTC revenue of $174.4 million. Acquisition of SuperPlay was announced and is expected to close in Q4.
Key Takeaways
Playtika's Q3 2024 saw a revenue of $620.8 million and a net income of $39.3 million. The company announced the acquisition of SuperPlay and highlighted the strong performance of its DTC business.
Revenue reached $620.8 million, a decrease of 1.5% year over year.
DTC platforms revenue totaled $174.4 million, an increase of 8.3% year over year.
Net income was $39.3 million, an increase of 3.7% year over year.
Credit Adjusted EBITDA was $197.2 million, a decrease of 4.1% year over year.
Revenue by Segment
Forward Guidance
For the full year 2024, revenue is expected to range from $2.505 to $2.520 billion. Credit Adjusted EBITDA guidance is raised to a range of $755 to $765 million. Capital expenditure guidance is lowered to $90 million.
Positive Outlook
- Revenue expected to range from $2.505 - $2.520 billion.
- Credit Adjusted EBITDA guidance raised to $755 - $765 million.
- Capital expenditure guidance lowered to $90 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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