Playtika Holding Corp. · NASDAQ:PLTK
Playtika — Q4 2024 Earnings Presentation
18 slides from Playtika's earnings presentation, Feb 27, 2025
Slide 1: Fourth Quarter 2024 and Full Year 2024 Results
PLAYTIKA HOLDING CORP. Fourth Quarter 2024 and Full Year 2024 Results February 27, 2025
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: FY2024 Financial Results Summary
FY2024 FINANCIAL RESULTS SUMMARY Initial Guidance Updated Guidance(1) Actual Revenue $2,520 million - $2,620 million $2,505 million - $2,520 million $2,549.3 million Net Income - - $162.2 million Net Income Margin % - - 6.4% Credit Adjusted EBITDA $730 to $770 million $755 to $765 million $757.7 mil
Slide 4: FY2024 Selected Highlights
FY2024 SELECTED HIGHLIGHTS FY24 Revenue of $2,549.3 million, Net Income of $162.2 million, Credit Adjusted EBITDA of $757.7 million, Free Cash Flow of $396.8 million. Revenue decreased by (0.7)% Y/Y. Net Income decreased by (31.0)% Y/Y. Credit Adjusted EBITDA decreased by (9.0)% Y/Y. Free Cash Flow
Slide 5: FY2024 Financial Highlights
FY2024 FINANCIAL HIGHLIGHTS Revenue Net Income Credit Adjusted EBITDA Free Cash Flow (0.7)% (9.0)% (31.0)% (9.1)% Note: USD in millions. See appendix for definitions of Credit Adjusted EBITDA and Free Cash Flow. Credit 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 $650.3 million, Net Income of $(16.7) million, and Credit Adjusted EBITDA of $183.9 million. Revenue increased by 4.8% sequentially and 1.9% year over year. Net Income decreased by (142.5)% sequentially and (144.8)% year over year. Credit Adjusted EBITDA decreased
Slide 7: Q4 Business Highlights
Q4 BUSINESS HIGHLIGHTS Average Daily Paying Users of 339K increased 12.6% sequentially and increased 10.8% year over year. Average Payer Conversion of 4.2%, up from 4.0% in Q3 2024 and 3.5% in Q4 2023. Bingo Blitz revenue of $159.1 million decreased (0.5)% sequentially and increased 5.8% year over y
Slide 8: Quarterly Revenue by Platform
QUARTERLY REVENUE BY PLATFORM Total Revenue Direct-to-Consumer Platforms Revenue Third-Party Platforms Revenue +1.9% +8.0% (0.1)% Note: USD in millions. See appendix for definitions of Direct-to-Consumer Platforms. 8
Slide 9: Selected Quarterly Financials
SELECTED QUARTERLY FINANCIALS Net Income Credit Adjusted EBITDA and Margin (2.6)% (144.8)% Note: USD in millions. See appendix for definitions of Credit Adjusted EBITDA. Credit 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) +10.8% (7.0)% Average Revenue per Daily Active User Average Payer Conversion +11.3% +70bps Note: See appendix for definitions of Average Daily Paying Users, Average Daily Active Users, Average Reve
Slide 11: Revenue Contribution
REVENUE CONTRIBUTION Revenue Mix Revenue Mix (Casual and Social Casino) (DTC and 3rd 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 12/31/24) (as of 12/31/24) Capital Allocation Approximately $1.17 billion in available liquidity Liquidity is expected to continue to improve with Free Cash Flow generation No near-term debt maturities
Slide 13: Fiscal Year 2025 Guidance
FISCAL YEAR 2025 GUIDANCE FY24 Actual FY25 Guidance Revenue $2,549.3 million $2,800 million to $2,850 million Credit Adjusted EBITDA $757.7 million $715 million to $740 million Credit Adjusted EBITDA Margin 29.7% 25.5% to 26.0% Capital Expenditures $93.3 million $95 million Note: USD in millions. Se
Slide 14: Appendix: Non-GAAP Financial Measure
APPENDIX Non-GAAP Financial Measure Credit Adjusted EBITDA: Our Credit Agreement defines Adjusted EBITDA (which we call “Credit Adjusted EBITDA”) as net income b efore (i) interest expense, (ii) interest income, (iii) provision for income taxes, (iv) depreciation and amortization expense, (v) impair
Slide 15: Reconciliation of GAAP to Non-GAAP Measure (Quarterly)
APPENDIX Reconciliation of GAAP to Non-GAAP Measure Three Months Ended, December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 Credit Adjusted EBITDA Reconciliation Net Income $ 37.3 $ 53.0 $ 86.6 $ 39.3 $ (16.7) Provision for income taxes 50.1 21.9 33.7 24.4 38.3 Intere
Slide 16: Reconciliation of GAAP to Non-GAAP Measure (Annual)
APPENDIX Reconciliation of GAAP to Non-GAAP Measure Twelve Months Ended, December 31, 2023 December 31, 2024 Credit Adjusted EBITDA Reconciliation Net Income $ 235.0 $ 162.2 Provision for income taxes 157.1 118.3 Interest expense and other, net 109.5 111.1 Depreciation and Amortization 158.0 165.7 E
Slide 17: Calculation of Free Cash Flow
APPENDIX Calculation of Free Cash Flow Twelve Months Ended, December 31, 2023 December 31, 2024 Free Cash Flow Reconciliation Cash Flow from Operating Activities $ 515.6 $ 490.1 Purchase of property and equipment (32.6) (40.9) Capitalization of internal use software costs (37.4) (31.6) Purchase of s
Slide 18: 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 in