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Dec 31, 2022
Playtika Q4 2022 Earnings Report
Achieved financial performance within previously issued guidance range, with 2022 revenue increasing 1.3% YoY and direct-to-consumer platforms revenue increasing 14.7%. Q4 revenue declined (2.7)% YoY, while direct-to-consumer platforms revenue increased 6.6%.
Key Takeaways
Playtika Holding Corp. reported Q4 2022 revenue of $631.2 million, a decrease of 2.7% year-over-year, and net income of $87.5 million, compared to $102.3 million in the prior year period. The company's direct-to-consumer platforms revenue increased by 6.6% year-over-year. The company provided FY23 revenue guidance of $2.570 - $2.620 billion and Credit Adjusted EBITDA guidance of $805 - $830 million.
Q4 revenue was $631.2 million, compared to $649.0 million in the prior year period.
DTC platforms revenue was $150.2 million, compared to $140.9 million in the prior year period.
Net income was $87.5 million, compared to $102.3 million in the prior year period.
Cash and cash equivalents and short-term bank deposits totaled $768.7 million as of December 31st, 2022.
Playtika
Playtika
Forward Guidance
For FY23, revenue expected to be between $2.570 - $2.620 billion, vs. $2.616 billion of revenue in FY22, and Credit Adjusted EBITDA expected to be between $805 - $830 million vs. $805.1 million of Credit Adjusted EBITDA in FY22. Capital expenditures expected to be between $115 - $120 million vs. $110.0 million in FY22.