Business
Playtika Holding Corp. Reports Q2 2025 Financial Results
Revenue of $696.0 million and Direct-to-Consumer (“DTC”) Revenue of $175.9 millionRevenue Decreased (1.4)% Sequentially and Increased 11.0% Year Over YearDTC
About this update from Playtika Holding Corp.
[{"type":"text","content":"Revenue of $696.0 million and Direct-to-Consumer (“DTC”) Revenue of $175.9 millionRevenue Decreased (1.4)% Sequentially and Increased 11.0% Year Over YearDTC Platforms Revenue Decreased (1.8)% Sequentially and Increased 1.3% Year Over Year HERZLIYA, Israel, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its second quarter for the period ending June 30, 2025. Financial Highlights Revenue of $696.0 million decreased (1.4)% sequentially and increased 11.0% year over year.DTC platforms revenue of $175.9 million decreased (1.8)% sequentially and increased 1.3% year over year.GAAP Net Income of $33.2 million increased 8.5% sequentially and decreased (61.7)% year over year.Adjusted Net Income of $6.5 million decreased (82.0)% sequentially and (91.4)% year over year.Adjusted EBITDA of $167.0 million decreased (0.2)% sequentially and (12.6)% year over year.Cash, cash equivalents, and short-term investments totaled $592.1 million as of June 30, 2025. “We are pleased to report a resilient second quarter, with revenue reaching $696 million,” said Robert Antokol, Chief Executive Officer. “Our strategic priorities and the dedication of our team have driven positive developments and balance to the portfolio. The success of our latest launch, Disney Solitaire, which has already hit the $100 million annual run-rate revenue threshold, is a testament to the incredible work of our employees, in collaboration with Disney & Pixar Games. Additionally, Bingo Blitz continues to experience strong engagement and significant growth in DTC revenue, reinforcing the strength of our largest title. ” “Our DTC business remains a key priority as we navigate the competitive landscape of mobile gaming,” said Craig Abrahams, President and Chief Financial Officer. “We are increasing our long-term target for DTC to 40%, up from 30%. This strategic transition is intended to balance our margins as we manage changes within our portfolio.” Selected Operational Metrics and Business Highlights Average Daily Paying Users of 378K decreased (3.1)% sequentially and increased 26.8% year over year.Average Payer Conversion of 4.3%, up from 3.7% in Q2 2024 and consistent with Q1 2025 conversion.Bingo Blitz revenue of $160.2 million decreased (1.3)% sequentially and increased 2.9% year over year.Slotomania revenue of $86....