Playtika Holding Corp. Stock Price, News & Analysis

Playtika Holding Corp. (NASDAQ: PLTK) reported its Q2 2022 financial results, with revenue of $659.6 million, a slight increase from $659.2 million year-over-year. Net income fell to $36.4 million from $90.0 million in the same quarter last year. Adjusted EBITDA decreased to $238.9 million, down from $264.4 million. The Casual Portfolio increased revenue by 10% year-over-year and now represents 53.3% of total revenue. The Direct-to-Consumer segment grew 14.2%, accounting for 23.3% of total revenue. Playtika anticipates 2022 revenue between $2.60 and $2.66 billion.

Playtika Holding Corp. (NASDAQ: PLTK) will announce its second quarter 2022 financial results on August 4, 2022, before U.S. markets open. A conference call will follow at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) to discuss the results. Investors can access the live webcast and earnings materials on Playtika's Investor Relations website. Founded in 2010 and headquartered in Herzliya, Israel, Playtika is a leader in mobile gaming, offering a diverse portfolio of game titles.

Slotomania®, the leading play-for-fun slots game by Playtika®, has embarked on a bus tour through southern U.S. states to connect with players. Starting June 18 in San Antonio, where country star Tanya Tucker performed, this initiative aims to foster community engagement. The tour will include events in Dallas, Houston, Oklahoma, and Phoenix. Celebrated for its exceptional graphics and gameplay, Slotomania has remained the top-grossing social casino game for over a decade.

Bingo Blitz, a Playtika studio, has announced a partnership with Meals on Wheels America, aimed at addressing senior loneliness and hunger. The initiative includes dedicated in-game content and a total financial commitment of $300,000 throughout 2022, with $200,000 directly donated to the charity. Players will engage in activities to support seniors, such as cooking and delivering meals. This collaboration seeks to raise awareness of loneliness among older adults, further highlighting Bingo Blitz's commitment to fostering community spirit through gaming.

The World Series of Poker (WSOP) app, a leading free-to-play poker platform by Playtika, has revealed 14 influencers participating in its #RoadToTheTable campaign. With a combined following of 28 million, these influencers will engage audiences as they compete for the WSOP crown throughout 2022. Each influencer received a mystery box to kick off the challenge, enhancing their poker skills. The initiative aims to broaden poker's appeal and encourage more players to explore the game. Playtika continues to assert its dominance in the mobile gaming sector, with WSOP recognized as the top poker app.

ProDrops, a unique card collecting game developer, has secured a $5 million seed investment from Playtika (NASDAQ: PLTK), aimed at accelerating game development and expanding its workforce.

The funding will support the development of the Rocket League card collecting add-on, set to launch in 2023, while enhancing ProDrops' offerings in the gaming and esports space. ProDrops' CEO, Omer Ziv, expressed excitement about the collaboration with Playtika, leveraging their expertise to enrich the traditional gaming industry.

Playtika Holding Corp. (NASDAQ: PLTK) announced its first quarter 2022 results, reporting revenue of $676.9 million, a 6.0% increase year-over-year. Net income rose to $83.2 million, compared to $35.7 million the previous year. The casual portfolio saw significant growth, with revenue up 20.7% and comprising 52.5% of total revenue. The Average Daily Payer Conversion improved to 3.2%. The company forecasts full-year revenue of $2.73 billion and Adjusted EBITDA of $940 million.

Playtika's World Series of Poker (WSOP) is launching a new initiative featuring 14 social media influencers competing to become WSOP legends. This eight-month campaign will pair influencers with professional WSOP mentors, culminating in a live competition in December. The influencers hail from diverse backgrounds and will engage audiences through interactive content, including a live reveal on Instagram. The WSOP app, the most downloaded free poker game globally, continues to attract millions of players, expanding its reach through this campaign.

Playtika's popular game, Solitaire Grand Harvest, has partnered with Tree-Nation to plant over 36,000 trees in California, aiming to restore forests damaged by wildfires. This eco-friendly initiative allows players to contribute by playing the game, with a planting event set to coincide with Earth Day. Participants will receive certificates and updates on the planting process. The move emphasizes the game's slogan 'My place to grow' and promotes personal growth alongside environmental responsibility. This collaboration showcases Playtika's commitment to sustainability.