Updated Jun 10, 2026 by Playtika Holding
Financial
Published by Playtika Holding
Playtika Holding Corp. reports second‑quarter 2025 results, highlighting a revenue of $696 million that fell 1.4% sequentially but rose 11.0% year‑over‑year, driven by a mix of direct‑to‑consumer (DTC) and third‑party platform sales. GAAP net income reached $33.2 million, an 8.5% sequential increase yet a 61.7% decline YoY, reflecting higher operating costs and lower profitability in key titles such as Slotomania. Adjusted net income contracted sharply, falling 82% sequentially and 91.4% YoY to $6.5 million, while adjusted EBITDA slipped 0.2% sequentially and 12.6% YoY to $167 million, with margins tightening from 24.0% to 23.7%. Cash and short‑term investments totaled $592 million, with no near‑term debt maturities and an extended revolving credit facility to September 2027. Key performance indicators show average daily paying users at 378 k, down 3.1% sequentially but up 26.8% YoY, and a payer conversion rate of 4.3%, matching Q1 levels. Game‑specific revenue trends reveal Bingo Blitz maintaining near‑stable sales, Slotomania declining 22.7% sequentially and 35.4% YoY, and June’s Journey slightly up sequentially but down 7.4% YoY. The company plans a global launch of the new slot game Jackpot Tour in Q4 2025. Geographically, Playtika’s revenue mix remains heavily weighted toward casual and social casino titles across DTC and third‑party platforms, with no explicit regional breakdown provided. The report emphasizes reliance on a limited portfolio of games and a small user subset for revenue generation, underscoring exposure to platform policy changes and competitive pressures. Methodologically, figures are presented in GAAP terms with reconciliations to non‑GAAP adjusted metrics, and the company discloses detailed definitions of key KPIs in an appendix.
LEGAL DISCLAIMER Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Exchange Act. All statements other than statements of historical facts contained in this prese ntation, including statements regarding our business strategy, plans and our objectives for future operations, are forward-looking statements. Further, statements that include words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “fut ure,” “intend,” “intent,” “may,” “might,” “potential,” “present,” “preserve,” “project,” “pursue,” “should,” “will,” or “would,” or the negative of these words or other words or expressions of similar meaning may identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. The achievement or success of the matters covered by such forward-looking statements involves significant risks, uncertainties and assumptions, including, but not limited to, the risks and uncertainties discussed in our filings with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment and industry.
rd-looking statements involves significant risks, uncertainties and assumptions, including, but not limited to, the risks and uncertainties discussed in our filings with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment and industry. As a result, it is not possible for our management to assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forwar d-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated, predicted or implied in the forward-looking statements. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include without limitation: • actions of our majority shareholder or other third parties that influence us; • our reliance on third-party platforms, such as the iOS App Store and Google Play Store, to distribute our games and collect revenues, and the risk that such platforms may adversely change their policies; • our reliance on a limited number of games to generate the majority of our revenue; • our reliance on a small percentage of total users to generate a majority of our revenue; • our free-to-p
ribute our games and collect revenues, and the risk that such platforms may adversely change their policies; • our reliance on a limited number of games to generate the majority of our revenue; • our reliance on a small percentage of total users to generate a majority of our revenue; • our free-to-play business model, and the value of virtual items sold in our games, is highly dependent on how we manage the game revenues and pricing models; • our inability to integrate SuperPlay into our operations successfully or realize the anticipated benefits of this acquisition, along with our inability to identify acquisition targets that fit our strategy or complete acquisitions and integrate any acquired businesses successfully, could limit our growth, disrupt our plans and operations, or impact the amount of capital allocated to mergers and acquisitions; • our ability to compete in a highly competitive industry with low barriers to entry; • our ability to retain existing players, attract new players and increase the monetization of our player base; • our ability to develop and/or launch new products and content or otherwise execute against our product roadmap strategy; • we have significant indebtedness and are subject to the obligations and restrictive covenants under our debt instruments; • our inability to obtain additional financing on favorable terms or at all; • the extension of the maturity date of our senior secured revolving credit facility from March 2026 to September 2027
t indebtedness and are subject to the obligations and restrictive covenants under our debt instruments; • our inability to obtain additional financing on favorable terms or at all; • the extension of the maturity date of our senior secured revolving credit facility from March 2026 to September 2027 remains subject to the satisfaction of certain conditions, including a regulatory approval in China, and a failure to satisfy such condi tions could result in the termination of our revolving credit facility in March 2026 • our controlled company status; • legal or regulatory restrictions or proceedings could adversely impact our business and limit the growth of our operations; • risks related to our international operations and ownership, including our significant operations in Israel and Ukraine and the fact that our controlling stockholder is a Chinese-owned company; • geopolitical events such as the Wars in Israel and Ukraine; • our reliance on key personnel; • market conditions or other factors affecting the payment of dividends, including the decision whether or not to pay a dividend; • uncertainties regarding the amount and timing of repurchases under our stock repurchase program; • security breaches or other disruptions could compromise our information or our players’ information and expose us to liability; and • our inability to protect our intellectual property and proprietary information could adversely impact our business.
epurchases under our stock repurchase program; • security breaches or other disruptions could compromise our information or our players’ information and expose us to liability; and • our inability to protect our intellectual property and proprietary information could adversely impact our business. Additional factors that may cause future events and actual results, financial or otherwise, to differ, potentially materially, from those discussed in or implied by the forward-looking statements include the risks and uncertainties discussed in our filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur, and reported results should not be considered as an indication of future p erformance. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements speak only as of the date they are made. Except as required by law, we undertake no obligation to update any forward-looking statements for any reason to conform these statements to actual results or to changes in our expectations. Non-GAAP Financial Measures
ments. The forward-looking statements speak only as of the date they are made. Except as required by law, we undertake no obligation to update any forward-looking statements for any reason to conform these statements to actual results or to changes in our expectations. Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures of us, including Adjusted Net Income and Adjusted EBITDA. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in the statements of income, balance sheets or statements of cash flow of the company. You should not consider these non-GAAP financial measures in isolation, or as a substitute for analysis of results as reported under GAAP. For information regarding the non-GAAP financial measures used by us, and for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures, see the Appendix to this presentation. `
Playtika Holding Corp. reported third‑quarter 2024 results for the period ended September 30, 2024, showing a revenue of $620.8 million, down 1.0% sequentially and 1.5% year‑over‑year. Net income fell 54.6% sequentially to $39.3 million but rose 3.7% year‑over‑year, reflecting a net income margin of 6.3%. Credit Adjusted EBITDA increased 3.2% sequentially to $197.2 million, a margin of 31.8%, but declined 4.1% year‑over‑year, indicating tighter operating leverage compared with the prior quarter’s 30.5% margin. Key performance metrics highlighted a modest rise in average daily paying users to 301 k (1.0% sequential growth) and an increase in average payer conversion to 4.0%, up from 3.7% in Q2 2024. Revenue by platform shifted slightly, with direct‑to‑consumer platforms contributing $469.1 million (8.3% year‑over‑year growth) versus third‑party platforms at $151.7 million (down 4.8% year‑over‑year). Core titles such as Bingo Blitz and Solitaire Grand Harvest posted revenue gains of 2.7% and 6.5% sequentially, while Slotomania experienced a 3.8% sequential decline. Strategic developments included the definitive agreement to acquire SuperPlay, a creator of Dice Dreams and Domino Dreams, with an upfront consideration of $700 million and contingent payments up to $1.25 billion tied to future revenue and EBITDA targets over three years. The acquisition is expected to broaden Playtika’s portfolio and enhance monetization opportunities. Financially, the company maintained approximately $1.80 billion in available liquidity as of September 30, 2024, with a net leverage ratio around 1.6× and no impact from the pending SuperPlay deal on the current capital structure. The report also emphasized forward‑looking risks, including platform policy changes, reliance on a limited game and user base, geopolitical events in Israel and Ukraine, and potential refinancing challenges for the revolving credit facility due to expire in March 2026.
Playtika Holding Corp. reported fiscal‑year 2022 results that demonstrate modest revenue growth amid a challenging competitive landscape. Total revenue reached $2,615.5 million, up 1.3% year‑over‑year, while net income fell 10.8% to $275.3 million, reflecting higher operating costs and strategic investments. Credit‑Adjusted EBITDA declined 5.1% to $805.1 million, whereas Retention Plan‑Adjusted EBITDA dropped 6.5% to $919.0 million, both below the company’s guidance ranges of $900‑$940 million and $805‑$830 million, respectively. Capital expenditures were $110 million, comfortably within the projected $125‑$130 million band. Free cash flow of $383.7 million supported a $600 million shareholder return via tender offer. Key operational highlights include a 14.7% year‑over‑year increase in Direct‑to‑Consumer Platform revenue and a 53.8% share of overall revenue from Casual Themed Games, up from 48.7% in FY2021. Average Daily Paying Users rose 4.7% to 314 k, while Average Daily Active Users fell 9.6% to 9.4 million. The top‑performing titles—Bingo Blitz, Slotomania, and Solitaire Grand Harvest—contributed significantly to revenue growth, with Bingo Blitz achieving an 18.4% increase and Slotomania maintaining stability after a slight decline. Geographically, Playtika’s portfolio spans global markets with a mix of proprietary Direct‑to‑Consumer platforms and third‑party channels, generating 78.3% of revenue from Casual and Social Casino games. The company’s financial strategy focuses on sustaining liquidity, with $1.87 billion in available cash and no near‑term debt maturities, while maintaining a leverage ratio of approximately 2.1x. Overall, Playtika’s FY2022 performance reflects steady revenue expansion driven by its casual gaming segment, tempered by margin pressures and a strategic emphasis on in‑house development and platform optimization.
The interim filing presents the fourth‑quarter 2025 financial results for a midcore‑casual gaming group, emphasizing a record‑setting revenue run and the successful execution of a transformation agenda that includes the integration of the Plarium acquisition and the rollout of a new district structure in early 2026. Revenue reached SEK 3,123 million, reflecting 108 % organic growth year‑on‑year and a 25 % increase on a constant‑currency basis, while adjusted EBITDA rose to SEK 717 million, delivering a 23 % margin that matches the full‑year figure. Unlevered free cash flow amounted to SEK 878 million, with a cash‑conversion rate of 66 % and a leverage ratio of five times EBITDA, underscoring robust liquidity and disciplined capital management. User‑acquisition spending accelerated, representing 38 % of quarterly revenue—up from 37 % in the prior quarter—and grew 76 % on a reported basis, driven by heightened investment in original studios, new casual titles, and the racing franchise. The direct‑to‑consumer channel expanded by 600 basis points to 32 % of total revenue, reflecting a strategic shift toward higher‑margin in‑app purchases. Across the fiscal year, the company posted a 9 % organic revenue increase, with word‑games, racing, and RAID franchises delivering the strongest quarter‑end performance. Operating cash flow for the quarter stood at SEK 840 million, while adjusted net income was SEK 1,390 million, translating to an adjusted EPS of SEK 11.33. The financial outcomes exceed guidance and position the firm to meet its medium‑term outlook, with a pre‑IPO study for PlaySimple concluded and the midcore transformation progressing as planned.
AppLovin Corporation reports a robust 2025 financial performance, driven by accelerated revenue growth and strong operating margins. Revenue for the full year reached $5.48 billion, a 70 % increase from $3.22 billion in 2024 and an 82 % year‑over‑year rise from $3.22 billion in 2023. Net income from continuing operations climbed to $3.43 billion, up 116 % from $1.59 billion in 2024 and 63 % from $1.58 billion in 2023, yielding a net margin of 63 %. Adjusted EBITDA surged to $4.51 billion, a 82 % increase from the prior year and an 87 % rise from 2023, with a margin of 82 %. Cash flow from operations grew to $1.40 billion, a 82 % increase year‑over‑year. The company’s balance sheet strengthened markedly: cash and equivalents rose to $2.49 billion from $741 million, while total assets increased to $7.26 billion against $5.87 billion in 2024. Shareholders’ equity expanded to $2.13 billion, reflecting retained earnings growth and additional paid‑in capital. Long‑term debt remained stable at approximately $3.51 billion, and operating lease liabilities decreased. AppLovin’s methodology for non‑GAAP measures is disclosed in detail, with Adjusted EBITDA defined as net income excluding discontinued operations, taxes, interest, and other non‑core items. The reconciliation tables show that adjustments total $1.08 billion in 2025, largely driven by stock‑based compensation and amortization. Geographically, the report does not segment revenue or expenses; it presents consolidated figures for the United States and global operations. The time frame covers fiscal year 2025, with quarterly comparisons to 2024 and 2023. The update is unaudited but follows standard SEC filing practices, providing a comprehensive view of AppLovin’s financial trajectory and operational efficiency.