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. 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) 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.
Playtika Holding Corp. (NASDAQ: PLTK) announced its financial results for Q4 and the full year 2020, reporting a 17.5% increase in quarterly revenue to $573.5 million and a 25.6% rise in full-year revenue to $2.37 billion. Net income for Q4 was $76 million, up from $30 million, while adjusted EBITDA reached $210.4 million. The company’s casual gaming portfolio surpassed $1 billion in annual revenue, driven by record performances in key titles. Looking ahead, Playtika anticipates 2021 revenue of $2.44 billion and adjusted EBITDA of $920 million.
Playtika Holding Corp. (NASDAQ:PLTK) will release its fourth quarter 2020 financial results on February 25, 2021, before U.S. markets open. A conference call led by Playtika management to discuss these results is scheduled for the same day at 5:30 a.m. PT / 8:30 a.m. ET. The live webcast and earnings release materials will be available on Playtika’s Investor Relations website. Founded in 2010, Playtika is a leading mobile gaming company with over 35 million monthly active users.
Playtika Holding Corp. completed its initial public offering (IPO) on January 20, 2021, offering 79,925,000 shares at $27.00 each. The offering comprised 18,518,500 shares from Playtika and 50,981,500 shares from an existing stockholder, with additional shares sold under the underwriters' option. Playtika did not earn proceeds from the stockholder's sales, and trading commenced on Nasdaq under the symbol 'PLTK' on January 15, 2021. Major financial institutions led the offering, including Morgan Stanley and Credit Suisse.