Playtika Holding Corp. Delivers Strong Q2 2025 Results
Playtika Holding Corp. Delivers Strong Q2 2025 Results
Playtika Holding Corp. (NASDAQ: PLTK) announced impressive financial results for the second quarter ended June 30, 2025, demonstrating resilience and strategic positioning in the mobile gaming market.
Financial Highlights
- Playtika achieved a remarkable revenue of $696.0 million, reflecting a modest decrease of 1.4% sequentially but an impressive growth of 11.0% year-over-year.
- Direct-to-Consumer (DTC) revenue was recorded at $175.9 million, indicating a 1.8% decrease sequentially and a 1.3% increase year-over-year.
- GAAP net income reached $33.2 million, which is an 8.5% increase from the prior quarter but reflects a significant year-over-year decrease of 61.7%.
- Adjusted net income, however, fell sharply by 82% sequentially and 91.4% year-on-year, amounting to $6.5 million.
- Adjusted EBITDA totaled $167.0 million, showing a tiny decline of 0.2% sequentially and a larger 12.6% drop compared to the previous year.
- The company maintained a strong cash position, with cash, cash equivalents, and short-term investments totaling $592.1 million as of June 30, 2025.
“We are pleased to report a resilient second quarter, with revenue reaching $696 million,” stated Robert Antokol, Chief Executive Officer. “Our strategic priorities and the dedication of our team have produced positive developments and balance within our portfolio. The success of our latest game launch, Disney Solitaire, which has crossed the $100 million annual run-rate revenue mark, showcases our hard work and collaboration with Disney & Pixar Games. Furthermore, Bingo Blitz continues to see significant user engagement and robust growth within our DTC revenue, confirming the strength of our largest title.”
Craig Abrahams, President and Chief Financial Officer, emphasized, “Our DTC business remains a central focus as we navigate the competitive landscape of mobile gaming. We are revising our long-term DTC revenue target upward to 40%, previously set at 30%, to align with our changing portfolio dynamics.”
Operational Metrics and Business Highlights
In addition to financial performance, Playtika demonstrated robust engagement metrics during this period:
- The average daily paying users (DPUs) stood at 378,000, which represents a decline of 3.1% from the previous quarter but a significant increase of 26.8% year-over-year.
- Average payer conversion rate improved to 4.3%, up from 3.7% in Q2 2024, indicating strong monetization efforts.
- Bingo Blitz generated revenues of $160.2 million, down by 1.3% sequentially but showing a year-over-year increase of 2.9%.
- Slotomania’s revenue took a hit, dropping by 22.7% sequentially and 35.4% year-over-year to $86.5 million.
- June’s Journey generated $69.1 million, a slight sequential increase of 0.3% but a 7.4% decrease year-over-year.
- Plans for the global launch of Jackpot Tour, a new slot game, were also announced, slated for Q4 2025.
Quarterly Dividend Announcement
Alongside its financial results, Playtika’s Board declared a quarterly cash dividend of $0.10 per share, which will be payable on a specified date to eligible stockholders. The future of such dividends will depend on market conditions and board approval.
Financial Outlook
The company has updated its revenue guidance for the year, now estimating a range between $2.70 and $2.75 billion, while maintaining an Adjusted EBITDA projection between $715 and $740 million.
Management will elaborate on these results and projections during a conference call, accessible via their investor relations website.
About Playtika Holding Corp.
Playtika is a leader in mobile gaming entertainment and technology, well-known for its wide portfolio of games. Established in 2010, Playtika pioneered free-to-play social games and remains committed to delivering fun experiences to players. It operates globally with offices in various key locations and aims to entertain the world with innovative gaming experiences.
Frequently Asked Questions
What were Playtika's revenues for Q2 2025?
Playtika reported revenues of $696.0 million for Q2 2025.
How did Direct-to-Consumer revenue perform?
Direct-to-Consumer revenue amounted to $175.9 million, reflecting a decrease of 1.8% sequentially but a 1.3% increase year over year.
What is Playtika's Adjusted Net Income for Q2 2025?
The Adjusted Net Income for Q2 2025 was $6.5 million, marking an 82% decrease from the previous quarter.
When is the quarterly dividend payable?
The quarterly dividend of $0.10 per share is payable on a specified date to eligible stockholders.
What are the company’s future projections for revenue?
Playtika has revised its revenue guidance to a range between $2.70 billion and $2.75 billion for the full year.
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