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) 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.
Playtika Holding Corp. (NASDAQ:PLTK) announced a significant refinancing initiative, securing a new $1.9 billion Term Loan B and $600 million in senior unsecured notes. This move aims to replace its existing $2.375 billion Term Loan B and enhance liquidity. The refinancing is expected to save the company over $80 million in annual cash interest, bolstering net income and free cash flow. Combined with IPO proceeds, Playtika boasts approximately $1.5 billion in available liquidity for growth investments and potential acquisitions.
Playtika Holding Corp. (NASDAQ:PLTK) announced the pricing of its offering of $600 million in senior notes due 2029 at a fixed interest rate of 4.250%. The offering is set to close on March 11, 2021, subject to usual conditions. Proceeds will be used to repay existing borrowings and cover associated fees. The notes will not be registered under U.S. securities laws and will only be offered to qualified institutional buyers. Playtika, a mobile gaming leader, boasts over 35 million monthly active users and has a robust employee presence across 19 global offices.
On March 2, 2021, Playtika Holding Corp. (NASDAQ:PLTK) announced its intention to offer $600 million in senior notes due 2029, subject to market conditions. The funds will be utilized to repay existing loans and cover related expenses. These notes will be unregistered under U.S. securities laws and offered to qualified institutional buyers. Playtika, a mobile gaming leader with over 35 million monthly active users, emphasizes its mission to provide engaging gaming experiences. The release includes forward-looking statements subject to market risks and uncertainties.
Playtika Holding Corp. (NASDAQ:PLTK), a top mobile gaming company, announced that Craig Abrahams, President and CFO, will participate in a virtual fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, at 1:15 p.m. PT/4:15 p.m. ET. A live webcast will be available on Playtika’s Investor Relations page, with a replay and materials to follow. Founded in 2010, Playtika boasts over 35 million monthly active users and a strong global presence with 3,700 employees in 19 offices.