Playtika Holding Corp. · NASDAQ:PLTK
Playtika — Q4 2025 Earnings Presentation
19 slides from Playtika's earnings presentation, Feb 26, 2026
Slide 1: Fourth Quarter 2025 and Full Year 2025 Results
PLAYTIKA HOLDING CORP. Fourth Quarter 2025 and Full Year 2025 Results February 26, 2026
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Exchange Act. All statements other than statements of historical facts contained in this prese nt
Slide 3: FY2025 Financial Results Summary
FY2025 FINANCIAL RESULTS SUMMARY Initial Guidance Updated Guidance (1) Actual Revenue $2,800 million to $2,850 million $2,700 million - $2,750 million $2,755.4 million Net Income / (Loss) - - $(206.4) million Net Income / (Loss) Margin % - - (7.5)% Adjusted Net Income - - $197.5 million Adjusted Net
Slide 4: FY2025 Selected Highlights
FY2025 SELECTED HIGHLIGHTS FY25 Revenue of $2,755.4 million, Net Loss of $(206.4) million, Adjusted Net Income of $197.5 million, Adjusted EBITDA of $75 3.2 million, and Free Cash Flow of $481.6 million. Revenue increased by 8.1% Y/Y. Net Income decreased by (227.3)% Y/Y. Adjusted Net Income decreas
Slide 5: FY2025 Financial Highlights
FY2025 FINANCIAL HIGHLIGHTS Revenue Net Income Adjusted EBITDA Free Cash Flow +8.1% (0.6)% (227.3)% +21.4% Note: USD in millions. See appendix for definitions of Adjusted EBITDA and Free Cash Flow. Adjusted EBITDA is a non - gaap measures, see reconciliation on slides 15 and 16. 5
Slide 6: Q4 Financial Highlights
Q4 FINANCIAL HIGHLIGHTS Revenue of $678.8 million, Net Income of $(309.3) million, Adjusted Net Income of $89.0 million, and Adjusted EBITDA of $201. 4 million. Revenue increased by 0.6% sequentially and 4.4% year over year. Adjusted Net Income increased by 35.3% sequentially and 229.6% year over ye
Slide 7: Q4 Business Highlights
Q4 BUSINESS HIGHLIGHTS Average Daily Paying Users of 357K increased 0.8% sequentially and 5.3% year over year. Average Payer Conversion of 4.5%, up from 4.3% in Q3 2025 and 4.2% in Q4 2024. Bingo Blitz revenue of $158.5 million decreased (2.5)% sequentially and flat year over year. Disney Solitaire
Slide 8: Quarterly Revenue by Platform
QUARTERLY REVENUE BY PLATFORM Total Revenue Direct - to - Consumer Platforms Revenue Third - Party Platforms Revenue +4.4% +43.2% (9.9)% Note: USD in millions. See appendix for definitions of Direct - to - Consumer Platforms. 8
Slide 9: Selected Quarterly Financials
SELECTED QUARTERLY FINANCIALS Net Income Adjusted EBITDA and Margin N/A +9.5% Note: USD in millions. See appendix for definitions of Adjusted EBITDA. Adjusted EBITDA is a non - gaap measure, see reconciliation on slides 15 and 16. 9
Slide 10: Quarterly KPI Trends
QUARTERLY KPI TRENDS Average Daily Paying Users (in millions) Average Daily Active Users (in millions) +5.3% (1.3)% Average Revenue per Daily Active User Average Payer Conversion +4.5% +30bps Note: See appendix for definitions of Average Daily Paying Users, Average Daily Active Users, Average Revenu
Slide 11: Revenue Contribution
REVENUE CONTRIBUTION Revenue Mix Revenue Mix (Casual and Social Casino) (DTC and 3 rd Party Platforms) Note: See appendix for definitions of Casual Themed Games, Social Casino Themed Games, and Direct - to - Consumer Platforms. 11
Slide 12: Capital Structure Overview
CAPITAL STRUCTURE OVERVIEW Available Liquidity Debt Maturity Profile Capital Structure and (as of 12/31/25) (as of 12/31/25) Capital Allocation Approximately $1.37 billion in available liquidity (1) Liquidity is expected to continue to improve with Free Cash Flow generation Extended maturity of revo
Slide 13: Fiscal Year 2026 Guidance
FISCAL YEAR 2026 GUIDANCE FY25 Actual FY26 Guidance Revenue $2,755.4 million $2,700 million to $2,800 million Adjusted EBITDA $753.2 million $730 million to $770 million Adjusted EBITDA Margin 27.3% 27% to 27.5% Capital Expenditures $86.1 million $80 million Note: USD in millions. See appendix for d
Slide 14: Appendix: Non-GAAP Financial Measure
APPENDIX Non-GAAP Financial Measure Adjusted EBITDA and Adjusted Net Income are non-GAAP financial measures and should not be construed as an alternative to net income as an indicator of operating performance, nor as an alternative to cash flow provided by operating activities as a measure of liquid
Slide 15: Reconciliation of GAAP to Non-GAAP Measure
APPENDIX Reconciliation of GAAP to Non-GAAP Measure Three Months Ended, December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 Adjusted EBITDA Reconciliation Net Income (Loss) $ (16.7) $ 30.6 $ 33.2 $ 39.1 $ (309.3) Provision for income taxes 38.3 10.5 11.9 19.0 (7.9) In
Slide 16: Reconciliation of GAAP to Non-GAAP Measure
APPENDIX Reconciliation of GAAP to Non-GAAP Measure Twelve Months Ended, December 31, 2024 December 31, 2025 Adjusted EBITDA Reconciliation Net Income $ 162.2 $ (206.4) Provision for income taxes 118.3 33.5 Interest expense and other, net 111.1 167.8 Depreciation and Amortization 165.7 234.8 EBITDA
Slide 17: Reconciliation of GAAP to Non-GAAP Measure
APPENDIX Reconciliation of GAAP to Non-GAAP Measure Three Months Ended, December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 Net Income Reconciliation Net Income (Loss) $ (16.7) $ 30.6 $ 33.2 $ 39.1 $ (309.3) Impairment charges 32.6 - 0.4 1.5 4.5 Contingent considerati
Slide 18: Calculation of Free Cash Flow
APPENDIX Calculation of Free Cash Flow Twelve Months Ended, December 31, 2024 December 31, 2025 Free Cash Flow Reconciliation Cash Flow from Operating Activities $ 490.1 $ 567.7 Purchase of property and equipment (40.9) (36.3) Capitalization of internal use software costs (31.6) (28.6) Purchase of s
Slide 19: Glossary of Key Terms
APPENDIX Glossary of Key Terms Average Revenue per Daily Active User: or “ARPDAU” means ( i) the total revenue in a given period, (ii) divided by the number of days in that period, (iii) divided by the average Daily Active Users during that period. Daily Active Users: or “DAUs” means the number of i