Playtika Holding Corp. Stock Price, News & Analysis

Playtika Holding Corp. reported Q3 2024 financial results with revenue of $620.8 million, showing a (1.0)% sequential and (1.5)% year-over-year decrease. DTC platforms revenue reached $174.4 million, growing 0.4% sequentially and 8.3% year-over-year. Net income was $39.3 million, down (54.6)% sequentially but up 3.7% year-over-year. The company announced plans to acquire SuperPlay, expected to close in Q4. The board declared a quarterly dividend of $0.10 per share. For FY2024, Playtika revised its revenue outlook to $2.505-$2.520 billion and raised Credit Adjusted EBITDA guidance to $755-$765 million.

House of Fun, Playtika's free-to-play social casino app, has launched a holiday sweepstakes running from November 1-30, 2024. Players in the United States and Canada (excluding Québec) have daily opportunities to win a $1,000 Amazon gift card by simply logging into the app. The promotion requires no purchase and is open to players aged 21 and above. This initiative aims to reward the app's community ahead of the holiday season, demonstrating the company's commitment to creating engaging experiences for its players.

Bingo Blitz, a leading free-to-play bingo game, announces partnership with Hallmark Channel as the official bingo sponsor of their Christmas Cruise from November 5-9. The collaboration features a new TV spot starring Drew Barrymore, airing November 1-17 on Hallmark Channel. Cruise participants will enjoy Bingo Blitz-sponsored games while traveling from Miami to Nassau. The partnership aims to combine holiday entertainment with gaming experiences, offering fans both onboard and at-home engagement opportunities through the popular mobile game platform.

Playtika Holding Corp. (NASDAQ:PLTK) has announced the date for its Third Quarter 2024 Results Conference Call. The company will release its financial results on Thursday, November 7, 2024, before U.S. markets open. Following the release, Playtika's management will host a conference call to discuss the results at 5:30 AM Pacific Time (8:30 AM Eastern Time) on the same day.

Investors and interested parties can access a live webcast of the conference call and earnings release materials on Playtika's Investor Relations website at investors.playtika.com. This announcement provides shareholders and analysts with the opportunity to review Playtika's financial performance for the third quarter of 2024 and participate in the discussion with the company's management team.

Slotomania, the world's #1 free-to-play slots game from Playtika, is launching an Epic October Celebration Extravaganza from October 15-29, 2024. New and returning players will receive ten days of exclusive in-game rewards and bonuses, including:

• 10 free spins on favorite virtual slots daily
• Daily bonus multiplied by x10
• 100% bigger wins on first 100 spins
• Additional surprises to be revealed in the app

The celebration is accompanied by a new TV spot across major national broadcasters. This event follows Slotomania's extended partnership with the game show Let's Make a Deal. Amnon Calev, Executive General Manager of Slotomania, emphasized the company's commitment to engaging and rewarding players with innovative bonuses.

Bingo Blitz, the world's #1 free-to-play bingo game, has partnered with Drew Barrymore for an exciting smartphone giveaway. From September 30 to October 13, 2024, players have the chance to win a new smartphone every hour during Bingo Hours (12 p.m. to 6 p.m. ET daily), totaling 84 opportunities to win.

Drew Barrymore stars in a new TV spot promoting the sweepstakes, highlighting the fun and social aspects of the game. To participate, players simply need to log into their Bingo Blitz account or create a free one during the sweepstakes period. The promotion is open to residents of the United States and Canada (excluding Québec) aged 21 or older, with no purchase necessary.

Each smartphone prize is valued at $799 and comes with 128 GB of storage. The sweepstakes aims to enhance players' gaming experience and bring more excitement to the popular mobile game.

Slotomania, Playtika's #1 free-to-play slots game, has extended its partnership with the game show 'Let's Make a Deal'. From October 1 to October 24, 2024, Slotomania will sponsor The Big Deal of the Day round, offering contestants bigger prizes. The collaboration aims to bring excitement to fans both on-air and in-game.

The Slotomania game will feature 'Let's Make a Deal' branded wild reels, huge jackpots, and iconic prize reveals. New players can receive 60 free spins on the 'Let's Make a Deal' slot and 1,000,000 free coins as a welcome bonus. This partnership follows a successful collaboration in May 2024, where three brand new cars were gifted to players.

Solitaire Grand Harvest, the top-grossing solitaire game in the U.S., has announced a new partnership with the word game show '25 Words or Less', hosted by Meredith Vieira. This collaboration aims to merge the excitement of quick thinking with the relaxing enjoyment of solitaire. Players of '25 Words or Less' can now participate in a special game round featuring Solitaire Grand Harvest-themed words, with a $250 bonus for correct guesses. This partnership will run through October 2025. Nir Korczak, Chief Marketing Officer at Playtika, emphasized the strategic alignment of the two games, aiming to enhance player engagement and reach. This marks the second collaboration between Playtika and '25 Words or Less', with a previous partnership involving Playtika's Slotomania in 2023. Solitaire Grand Harvest is available for free download on the App Store and Google Play, with in-app purchases available.

Playtika Holding Corp. (NASDAQ: PLTK) has announced an agreement to acquire SuperPlay, a mobile gaming company, for $700 million with additional contingent consideration of up to $1.25 billion. The acquisition is expected to close in Q4 2024 and aims to strengthen Playtika's position in mobile gaming. SuperPlay, founded in 2019, has two successful titles: Dice Dreams and Domino Dreams, with a combined 1.7 million Average Daily Active Users as of August 2024.

The strategic benefits include acquiring scaled growing titles in high-growth categories, adding a talented development team, and cultural alignment. The transaction structure includes an upfront payment and performance-based earnouts. Playtika expects this acquisition to be a meaningful growth driver once completed.