Playtika Holding Corp. Q4 2021 Prepared Remarks

Playtika Holding Corp.’s fourth-quarter 2021 earnings remarks detail the company’s financial performance and strategic growth initiatives for the fiscal year. The primary objective is to demonstrate the efficacy of the company’s proprietary Boost technology and Live Ops platform in scaling both established and newly acquired game portfolios. By focusing on operational efficiency and direct-to-consumer platform expansion, the company aims to sustain long-term growth across diverse entertainment genres.

Financial results for 2021 were robust, with full-year revenue reaching $2.58 billion, an 8.9% increase, and adjusted EBITDA totaling $982.7 million. In the fourth quarter alone, revenue grew 13.2% year-over-year. A significant milestone was the Casual portfolio, which accounted for over 50% of total revenue during the quarter, driven by strong performances from titles such as Solitaire Grand Harvest, which grew 60.1%, and Bingo Blitz. While the Casino portfolio experienced a slight year-over-year decline of 1.8%, this followed a period of significant pandemic-driven growth, maintaining a 5.0% compounded annual growth rate over the preceding two years.

Operational highlights include the successful integration of Reworks and the launch of new titles like Switchcraft. The company also improved margins by increasing the share of revenue processed through its direct-to-consumer platforms to 21.7%, up from 15.5% in the prior year. Furthermore, a successful debt refinancing in March 2021 reduced future interest costs, contributing to a GAAP net income of $102.3 million for the fourth quarter. With $1.1 billion in cash and cash equivalents as of year-end, the company maintains significant liquidity to pursue future strategic opportunities and ongoing development.