Welcome to our dedicated page for Playtika Holding news (Ticker: PLTK), a resource for investors and traders seeking the latest updates and insights on Playtika Holding stock.
Playtika Holding Corp. (NASDAQ: PLTK) regularly issues news and updates that reflect its role as a mobile gaming entertainment and technology company with a portfolio of multiple game titles. Founded in 2010 and headquartered in Herzliya, Israel, Playtika highlights its focus on free-to-play social games on social networks, mobile platforms, and the web.
News about Playtika often centers on game-specific campaigns, collaborations, and product-related events. Recent releases describe marketing partnerships for Solitaire Grand Harvest with actress Sarah Jessica Parker, limited-time collaborations in Bingo Blitz featuring the Garfield character, and NFL-themed features and sweepstakes in the World Series of Poker free-to-play app. These announcements show how Playtika promotes engagement and brand recognition across its titles.
Investors and followers of PLTK can also find financial and corporate updates in the news stream. Examples include quarterly financial results, conference call announcements, and disclosures related to credit agreements and capital structure. Legal and governance developments, such as information about a proposed settlement of a stockholder class action and the appointment of a new principal accounting officer, are also communicated through official releases.
This news page aggregates these company-issued updates and related coverage, giving readers a single place to review Playtika’s latest campaigns, game initiatives, financial communications, and regulatory announcements. For those tracking PLTK, revisiting this page provides an organized view of how the company presents its operations, portfolio, and corporate developments over time.
Playtika Holding Corp. (NASDAQ:PLTK) will release its third quarter 2021 financial results on November 3, 2021, prior to U.S. market opening. Management will host a conference call at 5:30 a.m. PT / 8:30 a.m. ET to discuss the results. A live webcast with related materials will be available on Playtika’s Investor Relations website. Founded in 2010, Playtika is a prominent mobile gaming company with over 36 million monthly active users, operating globally from 20 offices.
Playtika Holding Corp. (NASDAQ: PLTK) has announced the global launch of Switchcraft, a new casual game developed by its Berlin-based studio, Wooga GmbH. This game features a young female protagonist, Bailey Ward, who guides players through a magical world filled with witchcraft-themed puzzles. Switchcraft combines Match 3 mechanics with narrative-driven gameplay, appealing to a diverse audience. This launch is seen as a significant milestone for Playtika, following its IPO in January 2021, and aims to expand its player base within the popular Match 3 genre.
Playtika Holding Corp. (NASDAQ:PLTK) announced its participation in two upcoming virtual investor conferences. Craig Abrahams, President and CFO, will present at Citi's 2021 Virtual Global Technology Conference on September 13, 2021, at 10:50 a.m. PT. Robert Antokol, Founder and CEO, will present at Goldman Sachs’ 2021 Communacopia Conference on September 23, 2021, at 11:55 a.m. PT. A live webcast of these presentations will be available on Playtika’s Investor Relations page, with replays accessible afterwards.
Founded in 2010, Playtika is a leading mobile gaming company with over 36 million monthly active users.
Playtika acquires Reworks Oy, maker of the successful Design Entertainment app, Redecor, for $400 million, with an additional potential $200 million based on future EBITDA. Redecor ranks as the #2 Design app by in-app purchase revenue, capitalizing on a booming Design category which has seen a 33% annual growth in revenue. The acquisition aligns with Playtika's strategy to expand into digital design spaces, accessing a large community of design enthusiasts similar to its existing user base of 36 million monthly active users, and is expected to contribute approximately $30 million to Playtika's 2021 revenue.
Playtika Holding Corp. (NASDAQ: PLTK) reported second quarter 2021 revenues of $659.2 million, a slight increase from $650.5 million year-over-year, driven solely by organic growth. The company achieved a net income of $90 million, recovering from a loss of $139.6 million in the previous year. Adjusted EBITDA was $264.4 million, down from $283.2 million. Playtika ended with $1.18 billion in cash and cash equivalents and over $1.7 billion in total liquidity. Looking ahead, they anticipate $2.60 billion in total revenue for 2021.
Playtika Holding Corp. (NASDAQ:PLTK) will announce its second quarter 2021 financial results on August 4, 2021, before U.S. markets open. A conference call with management will take place at 5:30 a.m. PT (8:30 a.m. ET) on the same day. Investors can access the live webcast and earnings release materials on Playtika’s Investor Relations website. As a prominent mobile gaming company, Playtika boasts over 31 million monthly active users and operates worldwide with over 3,700 employees.
Playtika Announces New CTO Appointment
On June 17, 2021, Playtika Holding Corp. (NASDAQ:PLTK) appointed Erez Rachmil as Chief Technology Officer. Rachmil, who has been with Playtika for over seven years, previously served as Senior Vice President of R&D for the Casual games division, which reported a 30% revenue increase year-over-year in Q1 2021. He will lead the company’s technology roadmap, succeeding Ira Holtzer, who transitions to EVP Strategic Technologies. With a robust background in technology and IT, Rachmil aims to strengthen Playtika’s growth and expansion in the gaming industry.
Playtika Holding Corp. (NASDAQ:PLTK) announced its participation in upcoming virtual investor conferences. Craig Abrahams, the company’s President and CFO, will present fireside chats at various conferences:
- Goldman Sachs Virtual 6th Annual Credit and Leveraged Finance Conference on May 17, 2021 at 9:00 a.m. PT.
- Morgan Stanley Life After Covid: 2021 Thematic Conference on May 18, 2021 at 10:30 a.m. PT.
- Cowen’s 49th Annual Technology, Media & Telecom Conference on June 1, 2021 at 9:30 a.m. PT.
- Nasdaq 44th Virtual Investor Conference on June 17, 2021 at 9:00 a.m. PT.
Live webcasts and replays will be available on Playtika’s Investor Relations webpage.
Playtika Holding Corp. (NASDAQ: PLTK) reported a 19.6% increase in first-quarter revenue, reaching $638.9 million compared to $534.2 million in the same period last year. Net income remained stable at $35.7 million, with an Adjusted EBITDA of $258.0 million, up from $186.1 million. The company's liquidity stood over $1.5 billion, bolstered by a recent refinancing of Term Loan B, expected to save $80 million annually. Playtika raised its full-year outlook to $2.6 billion in revenue, enhancing confidence in its robust growth strategy.
Playtika Holding Corp. (NASDAQ:PLTK) will announce its Q1 2021 financial results on May 11, 2021, before U.S. market opening. A conference call will follow at 5:30 a.m. PT (8:30 a.m. ET) to discuss the results. Investors can access a live webcast and earnings materials on Playtika’s Investor Relations website. Headquartered in Herzliya, Israel, Playtika is a leading mobile gaming company with over 31 million monthly active users and a diverse game portfolio, founded in 2010.