Playtika Holding Corp. ( (PLTK) ) has released its Q4 earnings. Here is a breakdown of the information Playtika Holding Corp. presented to its investors.
Playtika Holding Corp., a leader in mobile gaming entertainment and technology, is renowned for its diverse portfolio of game titles and pioneering role in free-to-play social games on mobile platforms. Headquartered in Herzliya, Israel, the company operates globally with a mission to provide endless entertainment through gaming.
In its latest earnings report, Playtika announced a revenue of $650.3 million for the fourth quarter of 2024, marking a 4.8% sequential increase and a 1.9% rise year-over-year. Despite a net loss of $16.7 million for the quarter, the company highlighted its strategic acquisition of SuperPlay as a significant step in its growth strategy.
Key financial metrics revealed a mixed performance. While the Direct-to-Consumer platforms saw an 8.0% year-over-year revenue increase, the overall fiscal year 2024 revenue slightly declined to $2,549.3 million from $2,567.0 million in the previous year. The company’s Credit Adjusted EBITDA also saw a decrease, reflecting ongoing investments and strategic shifts. Notably, the average daily paying users increased by 12.6% sequentially, indicating a growing user base.
Playtika’s management remains optimistic about future growth, driven by a robust pipeline of new games and ongoing merger and acquisition opportunities. The company anticipates a transitional year as it invests in newly acquired studios, with expectations for renewed EBITDA growth starting in 2026 and beyond.
Looking ahead, Playtika projects its 2025 revenue to be between $2.80 and $2.85 billion, with a focus on strategic investments and portfolio management to enhance shareholder value.