Playtika Holding Corp. Sees Mixed Financial Performance in Q2
Financial Performance Overview of Playtika Holding Corp.
Playtika Holding Corp. today announced its financial results for the second quarter, highlighting a revenue of $696.0 million. While this reflected a slight sequential decrease of 1.4%, it marked an impressive year-over-year increase of 11.0%. The Direct-to-Consumer revenue stood at $175.9 million, showcasing a similar trend with a sequential decline of 1.8% but a modest year-over-year uptick of 1.3%.
Key Financial Metrics
Some highlights from Playtika's financial performance are as follows:
- GAAP Net Income reported at $33.2 million, which increased 8.5% sequentially but fell significantly by 61.7% year-over-year.
- Adjusted Net Income showed a sharper decline at $6.5 million, down 82.0% sequentially and 91.4% year-over-year.
- Adjusted EBITDA was recorded at $167.0 million, reflecting a small sequential drop of 0.2%, with a more considerable year-over-year decrease of 12.6%.
- As of June 30, 2025, cash, cash equivalents, and short-term investments totaled $592.1 million.
Strategic Insights
The CEO of Playtika, Robert Antokol, expressed satisfaction regarding the team's performance despite mixed results. The launch of Disney Solitaire has been particularly noteworthy, achieving a $100 million annual run-rate revenue. Moreover, the title Bingo Blitz has also seen notable engagement, reinforcing its position as a leading product in the company's portfolio.
Craig Abrahams, CFO, emphasized the significance of increasing their DTC revenue target to 40% from a previous 30%. This decision aims to enhance profit margins and ensure a balanced product portfolio moving forward.
Operational Highlights and Future Outlook
Operationally, the company reported an average daily paying user (DPU) count of 378K, evidencing a minor sequential dip of 3.1% while substantially increasing by 26.8% compared to the previous year. The average payer conversion rate stood at 4.3%, an improvement from 3.7% in Q2 2024.
Notably, while revenue from Bingo Blitz declined marginally by 1.3% sequentially, it increased by 2.9% year-on-year, indicating a solid performance. Conversely, Slotomania faced significant challenges, recording a 35.4% year-over-year drop in revenue.
Dividend Announcement
Playtika’s Board of Directors has declared a cash dividend of $0.10 per share on its outstanding common stock, scheduled for payment on October 10, 2025, to shareholders registered by September 26, 2025. Management highlighted that future dividends will depend on market conditions and Board approval.
Looking Ahead
The company has adjusted its revenue guidance, projecting between $2.70 billion and $2.75 billion, while maintaining the Adjusted EBITDA forecast between $715 million and $740 million. This reflects the company’s commitment to maintaining financial stability amidst evolving market dynamics.
Frequently Asked Questions
What were Playtika's revenue figures for Q2 2025?
Playtika reported a revenue of $696.0 million for Q2 2025, marking an 11.0% increase year-over-year.
How did Playtika's Direct-to-Consumer revenue perform?
The Direct-to-Consumer revenue for Q2 was $175.9 million, showing a 1.3% increase compared to the previous year.
What is the future dividend date for Playtika stockholders?
The cash dividend of $0.10 per share is payable on October 10, 2025, to stockholders recorded by September 26, 2025.
What are the earnings projections for Playtika?
Playtika has revised its revenue guidance for the year to between $2.70 billion and $2.75 billion.
Who are the key executives leading Playtika?
CEO Robert Antokol and CFO Craig Abrahams are the prominent leaders steering Playtika's strategies and growth initiatives.
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