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Dec 31, 2020
Playtika Q4 2020 Earnings Report
Reported a 17.5% year-over-year revenue increase for the fourth quarter and completed a $2.16 billion IPO.
Key Takeaways
Playtika Holding Corp. reported strong fourth-quarter results, with revenue reaching $573.5 million, a 17.5% increase year-over-year. Net income was $76 million, up from $30 million in the prior year period. The company's full-year revenue surpassed $2 billion for the first time, and they successfully completed an IPO in January 2021.
Fourth quarter revenue was $573.5 million, up from $488.2 million in the prior year period.
Net income increased to $76 million, compared to $30 million in the prior year period.
Adjusted EBITDA was $210.4 million, compared to $169.7 million in the prior year period.
Full year 2020 revenue reached $2,371.5 million, surpassing $2 billion for the first time.
Playtika
Playtika
Forward Guidance
For the full year 2021 the company anticipates revenue of $2.44 billion and Adjusted EBITDA of $920 million.