Business
Playtika Holding Corp. Reports Q1 2025 Financial Results
Revenue of $706.0 million and Direct-to-Consumer (“DTC”) Revenue of $179.2 millionRevenue Increased 8.6% Sequentially and 8.4% Year Over YearDTC Platforms
About this update from Playtika Holding Corp.
[{"type":"text","content":"Revenue of $706.0 million and Direct-to-Consumer (“DTC”) Revenue of $179.2 millionRevenue Increased 8.6% Sequentially and 8.4% Year Over YearDTC Platforms Revenue Increased 2.6% Sequentially and 4.5% Year Over Year HERZLIYA, Israel, May 08, 2025 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its first quarter for the period ending March 31, 2025. Financial Highlights Revenue of $706.0 million increased 8.6% sequentially and 8.4% year over year.DTC platforms revenue of $179.2 million increased 2.6% sequentially and 4.5% year over year.GAAP Net Income of $30.6 million decreased (42.3)% year over year.Adjusted Net Income of $36.2 million increased 34.1% sequentially and decreased (39.6)% year over year.Adjusted EBITDA of $167.3 million decreased (9.0)% sequentially and (9.9)% year over year.Cash, cash equivalents, and short-term investments totaled $514.3 million as of March 31, 2025. “We are proud to report a record breaking first quarter, with revenue surpassing $700 million - the highest in our history - driven by our industry-leading portfolio and acquisition of SuperPlay,” said Robert Antokol, Chief Executive Officer. “As we celebrate our fifteenth anniversary, the strength and resilience of our business model are demonstrated in the continued success of our largest title, Bingo Blitz, which delivered all-time high revenue this past quarter.” “Our DTC business continues to deliver record performance, and we see meaningful growth potential ahead,” said Craig Abrahams, President and Chief Financial Officer. “Expanding our DTC business remains a key priority to balance our margins as we continue to invest in our growth titles.” Selected Operational Metrics and Business Highlights Average Daily Paying Users of 390K increased 15.0% sequentially and 26.2% year over year.Average Payer Conversion of 4.3%, up from 4.2% in Q4 2024 and 3.5% in Q1 2024.Bingo Blitz revenue of $162.4 million increased 2.1% sequentially and 3.1% year over year.Slotomania revenue of $111.8 million decreased (5.5)% sequentially and (17.4)% year over year.Dice Dreams revenue of $78.6 million increased 124.5% sequentially compared to a partial quarter of revenue contribution in Q4 2024. Playtika Announces Quarterly Dividend Playtika’s Board of Directors declared a cash dividend of $0.10 per share of our outstanding...