Business
Playtika Holding Corp. Reports Q4 and 2024 Financial Results
Revenue of $650.3 million and Direct-to-Consumer (“DTC”) Revenue of $174.6 millionDTC platforms Revenue Increased 0.1% Sequentially and 8.0% Year Over
About this update from Playtika Holding Corp.
[{"type":"text","content":"Revenue of $650.3 million and Direct-to-Consumer (“DTC”) Revenue of $174.6 millionDTC platforms Revenue Increased 0.1% Sequentially and 8.0% Year Over YearGAAP Net Income of $(16.7) million and Credit Adj. EBITDA of $183.9 million HERZLIYA, Israel, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its fourth quarter and fiscal year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights: Revenue of $650.3 million increased 4.8% sequentially and 1.9% year over year.DTC platforms revenue of $174.6 million increased 0.1% sequentially and 8.0% year over year.Net income of $(16.7) million decreased (142.5)% sequentially and (144.8)% year over year.Credit Adjusted EBITDA of $183.9 million decreased (6.7)% sequentially and (2.6)% year over year.Cash and cash equivalents totaled $565.8 million as of December 31, 2024. FY2024 Financial Highlights: FY2024 revenue of $2,549.3 million compared to $2,567.0 million in the prior year.DTC platforms revenue of $694.2 million compared to $639.4 million in the prior year.Net income of $162.2 million compared to $235.0 million in the prior year.Credit Adjusted EBITDA of $757.7 million compared to $832.2 million in the prior year.Free Cash Flow of $396.8 million compared to $436.4 million in the prior year1. 1 We define Free Cash Flow as net cash provided by operating activities minus capital expenditures. “We are thrilled with the progress we have made in executing our return to growth strategy, highlighted by our successful acquisition of SuperPlay,” said Robert Antokol, Chief Executive Officer. “Looking ahead, we are excited by our pipeline of new games and continued M&A opportunities, which we believe will drive consistent topline growth and create value for our shareholders.” “Our disciplined approach to capital allocation and portfolio management is reflected in our strong EBITDA results, demonstrating our commitment to maximizing returns” said Craig Abrahams, President and Chief Financial Officer. “As we continue to evolve our portfolio mix, we anticipate this year to be transitional as we invest in newly acquired studios in their early stages. We believe these investments will position us for renewed EBITDA growth starting in 2026 and beyond.” Selected Q4 Operational Metrics and Business Highlights Average Daily Paying User...