Playtika Holding Corp. Second Quarter 2026 Results

Playtika Holding Corp.’s second quarter 2026 financial results demonstrate a return to profitability and improved operational efficiency, despite a slight sequential decline in total revenue. The company reported $731.1 million in revenue for the quarter, representing a 5.0% increase year-over-year, though a 1.8% decrease compared to the previous quarter. Net income reached $48.0 million, marking a significant recovery from the net loss recorded in the first quarter of 2026. Adjusted EBITDA rose to $206.1 million, a 23.4% increase year-over-year, reflecting an improved margin of 28.2%.

Key performance indicators reveal a mixed operational landscape. While average daily paying users declined by 5.2% sequentially to 367,000, the company successfully improved its average payer conversion rate to 4.6%. Revenue performance varied significantly across the portfolio; Disney Solitaire emerged as a major growth driver with a 288.6% year-over-year revenue increase, whereas Bingo Blitz experienced a 9.5% decline over the same period. The company continues to shift its revenue mix toward its proprietary direct-to-consumer platforms, which offer more favorable economics compared to third-party distribution channels.

The company maintains a stable liquidity position with approximately $1.0 billion in total available liquidity, including $438.5 million in cash and short-term investments. Management remains focused on navigating a competitive industry environment characterized by reliance on a limited number of high-performing titles and third-party platform policies. Future growth strategies are contingent upon successful product development, potential acquisitions, and the effective management of significant indebtedness, including a revolving credit facility maturing in 2027. The company acknowledges that geopolitical risks, particularly regarding operations in Israel and Ukraine, and broader macroeconomic conditions remain critical factors that could impact future performance.