Playtika Holding Corp. develops and operates free-to-play mobile and web-based games supported by live game operations and a proprietary technology platform. Its portfolio includes titles such as Bingo Blitz, Slotomania, House of Fun, World Series of Poker, Solitaire Grand Harvest and other social-casino and casual games.
Company news commonly covers quarterly financial results, Direct-to-Consumer platform revenue, virtual-item sales, adjusted profitability measures, game launches, seasonal in-game events, licensed character collaborations and portfolio updates. Other recurring developments include governance and leadership changes, capital and credit matters, and business risks tied to mobile distribution platforms, game concentration, user monetization and acquisitions.
Playtika Holding Corp. (NASDAQ: PLTK) has announced the extension of its tender offer to purchase up to 51,813,472 shares of its common stock at a price of $11.58 per share. The new expiration date for the tender offer is October 3, 2022. As of now, approximately 217,149,286 shares have been validly tendered. The terms and conditions of the offer remain unchanged, and no recommendations regarding participation are made by Playtika's management or Board of Directors.
Playtika Holding Corp. (NASDAQ: PLTK) provided an update on its tender offer for up to 51,813,472 Shares at $11.58 each. As of September 22, 2022, approximately 217,140,286 Shares had been validly tendered. The offer, which expires on September 26, 2022, is not contingent on a minimum number of Shares being tendered. The controlling stockholder group is required to tender at least 211,711,155 Shares. The company emphasizes that it does not recommend participation in the tender offer. More details are available through the SEC filings.
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Playtika Holding Corp. (NASDAQ: PLTK) announced a tender offer to purchase up to 51,813,472 shares of its common stock at a price of $11.58 per share. The offer, which commenced on August 29, 2022, will expire on September 26, 2022, unless extended. The last closing price before the offer was $10.92 per share. This move follows a review by the Board's Special Committee, aiming to protect stockholders from potential creditor actions against its controlling shareholder group. The offer is not conditioned on a minimum number of shares being tendered.
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.