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Dec 31, 2023
Playtika Q4 2023 Earnings Report
Playtika's Q4 2023 financial performance was marked by a slight revenue increase and strategic capital allocation announcements.
Key Takeaways
Playtika Holding Corp. reported a 1.1% year-over-year increase in revenue for Q4 2023, reaching $637.9 million. The company announced a new capital allocation framework, including initiating a quarterly dividend and earmarking funds for M&A activities. Net income decreased by 57.4% year-over-year to $37.3 million.
Revenue increased by 1.1% year-over-year to $637.9 million.
DTC platforms revenue increased 7.6% year-over-year to $161.6 million.
Net income decreased by 57.4% year-over-year to $37.3 million.
Initiated a quarterly dividend of $0.10 per share.
Playtika
Playtika
Forward Guidance
For FY2024, revenue is expected to be between $2.520 - $2.620 billion and Credit Adjusted EBITDA between $730 - $770 million. Capital expenditures expected to be between $110 - $115 million, which includes $17 million in accrued capital expenditures from Q4 FY2023 that will be paid in FY2024.