Playtika Holding Corp. Reports Second Quarter 2022 Results

Playtika Holding Corp. reported its financial results for the second quarter of 2022, highlighting a period of operational resilience and strategic growth despite a challenging economic environment. The company achieved quarterly revenue of $659.6 million, remaining consistent with the $659.2 million recorded in the same period of 2021. Net income for the quarter was $36.4 million, down from $90.0 million in the prior year, while Adjusted EBITDA reached $238.9 million, reflecting a sequential improvement.

Key performance indicators underscored the company’s shift toward its casual gaming portfolio, which grew 10.0% year-over-year and now accounts for 53.3% of total revenue. The Direct-to-Consumer channel also demonstrated strong momentum, growing 14.2% to represent 23.3% of total revenue. Operational efficiency metrics showed positive trends, with the Average Daily Payer Conversion rate increasing to 3.2% from 2.9% in the second quarter of 2021, and Average Daily Paying Users (DPUs) rising by 3.5%. Notable title performance included a 34.2% revenue increase for June’s Journey and 6.3% growth for Solitaire Grand Harvest.

As of June 30, 2022, the company maintained a strong liquidity position with over $1.8 billion in available capital, including $1.24 billion in cash and short-term deposits and $600 million in available borrowing capacity. Looking ahead, management remains focused on optimizing core operations, enhancing product roadmaps, and executing new game development initiatives, including the upcoming launch of Merge Stories. For the full year 2022, the company projects revenue between $2.60 billion and $2.66 billion, with an Adjusted EBITDA target of $900 million to $940 million.