Playtika Holding Corp. First Quarter 2023 Results

Playtika Holding Corp. reported first‑quarter 2023 results with total revenue of $656.2 million, reflecting a 4.0 % sequential rise but a 3.1 % decline YoY, driven by modest growth on direct‑to‑consumer platforms and a 12.1 % YoY drop in Slotomania revenue. Net income stood at $84.1 million, down 3.9 % sequentially yet up 1.1 % YoY, while Credit Adjusted EBITDA reached $222.7 million, up 9.9 % sequentially and 12.8 % YoY, yielding a margin of 33.9 %. Cash and cash equivalents totaled $767.2 million, supporting a debt‑free balance sheet with net leverage around 2.0x.

Key performance indicators showed Average Daily Paying Users at 326 k, a 4.2 % sequential increase and 0.9 % YoY growth, with Average Payer Conversion rising to 3.6 %. Game‑specific highlights included Bingo Blitz revenue of $159.2 million (13.0 % YoY growth) and Solitaire Grand Harvest revenue of $85.5 million (29.0 % YoY growth), while Slotomania revenue fell 12.1 % YoY. Platform mix remained balanced, with direct‑to‑consumer and third‑party channels contributing roughly 50 % each of total revenue.

The company projects FY2023 revenue between $2,570 and $2,620 million, Credit Adjusted EBITDA of $805–$830 million (margin 31.3‑31.7 %), and capital expenditures of $115–$120 million, underscoring continued investment in game development and platform expansion.