Playtika Holding Corp. Q4 and Full Year 2021 Earnings Release

Playtika Holding Corp. reported strong financial growth for the fourth quarter and full year ending December 31, 2021, characterized by increased revenue and net income. Annual revenue reached $2.58 billion, an 8.9% increase over the previous year, while fourth-quarter revenue grew 13.2% year-over-year to $649 million. Net income for the full year rose significantly to $308.5 million, compared to $92.1 million in 2020. Adjusted EBITDA for 2021 reached $982.7 million, reflecting the company’s sustained operational performance and effective user acquisition strategies.

The company’s growth was driven by its casual gaming portfolio, which accounted for over 50% of total revenue, alongside a 31.5% year-over-year revenue increase within that segment. Operational metrics showed positive momentum, with average daily payer conversion rising to 3.0% in the fourth quarter and direct-to-consumer platforms expanding to 21.7% of total revenue. Additionally, the company maintained a strong liquidity position, reporting over $1.7 billion in available capital as of year-end.

In conjunction with these financial results, the Board of Directors announced the initiation of a process to evaluate strategic alternatives to maximize stockholder value. This evaluation may include a potential sale of the company or other significant corporate transactions. While the company continues to focus on its mobile gaming leadership and expansion into gamifiable applications, it has signaled a shift toward exploring broader strategic options for its future. These results reflect the company's performance across its global operations, supported by a workforce of over 4,000 employees and a portfolio of titles reaching 35 million monthly active users.