Latest news with #PlaytikaHoldingCorp
Associated Press
08-05-2025
- Business
- Associated Press
Playtika Holding Corp. Reports Q1 2025 Financial Results
HERZLIYA, Israel, May 08, 2025 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its first quarter for the period ending March 31, 2025. Financial Highlights 'We are proud to report a record breaking first quarter, with revenue surpassing $700 million - the highest in our history - driven by our industry-leading portfolio and acquisition of SuperPlay,' said Robert Antokol, Chief Executive Officer. 'As we celebrate our fifteenth anniversary, the strength and resilience of our business model are demonstrated in the continued success of our largest title, Bingo Blitz, which delivered all-time high revenue this past quarter.' 'Our DTC business continues to deliver record performance, and we see meaningful growth potential ahead,' said Craig Abrahams, President and Chief Financial Officer. 'Expanding our DTC business remains a key priority to balance our margins as we continue to invest in our growth titles.' Selected Operational Metrics and Business Highlights Playtika Announces Quarterly Dividend Playtika's Board of Directors declared a cash dividend of $0.10 per share of our outstanding common stock, payable on July 7, 2025 to stockholders of record as of the close of business on June 23, 2025. Future dividends are subject to market conditions and approval by our Board of Directors. Financial Outlook We reaffirm our guidance of revenue between $2.80 and $2.85 billion and Adjusted EBITDA between $715 and $740 million. Capital Structure Entered into an agreement to extend the maturity of the Revolving Credit Facility to September 2027 from March 2026 subject to the satisfaction of certain conditions and decreased the aggregate principal amount of the Revolving Credit Facility from $600 million to $550 million. Conference Call Playtika management will host a conference call at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) today to discuss the company's results. The conference call can be accessed via a webcast accessible at A replay of the call will be available through the website one hour following the call and will be archived for one year. Summary Operating Results of Playtika Holding Corp. About Playtika Holding Corp. Playtika (NASDAQ: PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has employees across offices worldwide. Forward Looking Information This press release 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 press release, 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,' 'future,' '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. 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 forward-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: Non-GAAP Financial Measures Adjusted EBITDA and Adjusted Net Income are non-GAAP financial measures and should not be construed as an alternative to net income as an indicator of operating performance, nor as an alternative to cash flow provided by operating activities as a measure of liquidity, or any other performance measure in each case as determined in accordance with GAAP. Our Credit Agreement defines Adjusted EBITDA as net income before (i) interest expense, (ii) interest income, (iii) provision for income taxes, (iv) depreciation and amortization expense, (v) impairment charges, (vi) stock-based compensation, (vii) contingent consideration, (viii) acquisition and related expenses, and (ix) certain other items. We calculate Adjusted EBITDA Margin as Adjusted EBITDA divided by revenues. We define Adjusted Net Income as net income before (i) impairment charges, and (ii) contingent consideration. Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Net Income as calculated herein may not be comparable to similarly titled measures reported by other companies within the industry and are not determined in accordance with GAAP. Our presentation of Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Net Income should not be construed as an inference that our future results will be unaffected by unusual or unexpected items. _________ (1) Reflects, for all periods, stock-based compensation expense related to the issuance of equity awards to our employees. (2) Includes costs incurred to evaluate and pursue acquisition activities as well as costs incurred by the Company in connection with the evaluation of strategic alternatives. (3) Amounts for the three months ended March 31, 2025 and 2024 consists primarily of $0.7 million and $12.4 million, respectively, incurred by the Company for severance. Contacts Investor Relations Tae Lee [email protected]
Yahoo
21-04-2025
- Business
- Yahoo
Is Playtika Holding (PLTK) the Most Undervalued Penny Stock to Buy According to Hedge Funds?
We recently published a list of the 10 Most Undervalued Penny Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Playtika Holding Corp. (NASDAQ:PLTK) stands against other undervalued penny stocks. Earlier on March 18, Keith Fitz-Gerald, Fitz-Gerald Group CIO, joined 'Power Lunch' on CNBC to talk about how to make sense of the market and the recession versus the growth scare. Keith Fitzgerald has favored some big momentum names in recent years and is still very positive on these stocks, despite feeling frustrated by recent market action. He thinks this volatility partially comes from computers, algorithms, and equity beta. He advised the average investor to focus on fundamentals and pay attention to the insights of leaders like Jensen Huang as a way to move forward. Fitzgerald also revealed that he had been adding to all of his positions over the then-past week and planned to continue doing so, instead of joining the selloff stride. He explained that he invests with a 3, 4, or even 10-year horizon and believes that these companies are dramatically undervalued at present, even if that view is unpopular. As the conversation turned to how Fitzgerald distinguishes between stocks that have further downside and those that are poised for a turnaround, he suggested slowing down buying rather than trying to perfectly time the bottom. Fitzgerald emphasized that he is more concerned with finding a good entry point than catching the absolute lowest price. He views deeper selloffs as more attractive opportunities, and recognizes that technical factors driven by algorithms are pushing prices. Fitzgerald agreed that the persisting sources of uncertainty remain, such as the ongoing confusion around Trump's tariff policies and uncertainty in the AI sector. He noted that traders dislike uncertainty above all else because it prevents decisive actions. However, Fitzgerald remains focused on long-term trends and themes, such as AI, automation, and full-service business models. As he evaluates opportunities, he looks for where this investment will flow, which companies are most likely to benefit, and whose customers are most engaged. For Fitzgerald, the focus remains on companies with high-quality leadership, strong products, and loyal customers. We used the Finviz stock screener to compile a list of cheap penny stocks that were trading under $5 and had a forward P/E ratio under 15. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database which tracks the moves of over 1000 elite money managers. Note: All data was sourced on April 18. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close-up of a hand holding a mobile device with a gaming app open on the screen. Share Price as of April 18: $4.93 Forward P/E ratio as of April 18: 9.12 Number of Hedge Fund Holders: 32 Playtika Holding Corp. (NASDAQ:PLTK) develops mobile games in the US, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and DTC platforms. In Q4 2024, the company's Bingo Blitz made $159.1 million in revenue, which was up 5.8% year-over-year. Notably, the DTC business for Bingo Blitz achieved another record quarter. Playtika highlighted the underlying growth in year-over-year average daily paying users for Bingo Blitz, which showed an expanding player base for the company's largest game. The company has a portfolio of multiple game titles that attract more than 20 million monthly active users. Playtika Holding Corp. (NASDAQ:PLTK) is investing in its existing portfolio, with a particular focus on titles that hold leadership positions and exhibit strong growth potential, such as Bingo Blitz. On March 26, Bank of America Securities upgraded the stock's rating from Underperform to Buy and raised its price target from $6 to $6.50. Overall, PLTK ranks 3rd on our list of the most undervalued penny stocks to buy according to hedge funds. While we acknowledge the growth potential of PLTK, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PLTK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
Playtika Announces Date of First Quarter 2025 Results Conference Call
HERZLIYA, Israel, April 17, 2025 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ:PLTK) announced today that it will release financial results for the first quarter of 2025 before U.S. markets open on Thursday, May 8, 2025. On the same day, Playtika management will hold a conference call to discuss the results at 5:30 AM Pacific Time, 8:30 AM Eastern Time. A live webcast of the conference call and earnings release materials will be available on Playtika's Investor Relations website at About PlaytikaPlaytika (NASDAQ:PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has employees across offices worldwide. Contact Investor ContactTae LeeSVP, Corporate Finance and Investor RelationsTael@ Source: Playtika Holding Corp.
Yahoo
13-04-2025
- Business
- Yahoo
Is It Too Late To Consider Buying Playtika Holding Corp. (NASDAQ:PLTK)?
Playtika Holding Corp. (NASDAQ:PLTK), is not the largest company out there, but it led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, what if the stock is still a bargain? Let's examine Playtika Holding's valuation and outlook in more detail to determine if there's still a bargain opportunity. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Great news for investors – Playtika Holding is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that Playtika Holding's ratio of 11.5x is below its peer average of 21.21x, which indicates the stock is trading at a lower price compared to the Entertainment industry. Playtika Holding's share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. If you believe the share price should eventually reach its industry peers, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it's there, it may be hard to fall back down into an attractive buying range. See our latest analysis for Playtika Holding Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. Playtika Holding's earnings over the next few years are expected to increase by 64%, indicating a highly optimistic future ahead. This should lead to more robust cash flows, feeding into a higher share value. Are you a shareholder? Since PLTK is currently below the industry PE ratio, it may be a great time to increase your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on PLTK for a while, now might be the time to enter the stock. Its buoyant future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy PLTK. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed assessment. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. For example, we've discovered 5 warning signs that you should run your eye over to get a better picture of Playtika Holding. If you are no longer interested in Playtika Holding, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
29-03-2025
- Business
- Yahoo
Playtika Holding (PLTK): Among the Best Gaming Stocks to Invest In According to Billionaires
We recently compiled a list of the 10 Best Gaming Stocks to Invest In According to Billionaires. In this article, we are going to take a look at where Playtika Holding Corp. (NASDAQ:PLTK) stands against the other gaming stocks. The gaming industry has experienced significant changes over the past few years. During the COVID-19 pandemic, the sector saw remarkable growth as more people spent time indoors. However, this momentum did not continue after restrictions eased, which led to lower consumer spending on games and consoles. Economic uncertainties and challenges like inflation further impacted the industry, resulting in layoffs, studio closures, and project cancellations across the industry in 2024. Despite these setbacks, analysts are optimistic about a recovery supported by upcoming major releases. READ ALSO: 8 Fastest Growing AI Stocks To Buy Right Now and 20 Best Fintech Stocks to Buy According to Billionaires. According to research firm Newzoo, video game consoles are expected to be the biggest growth driver in the market until 2027. The anticipated launches of GTA VI in fall 2025 and the new Switch console in summer 2025 are seen as key factors fueling a rebound. GTA V, the predecessor to GTA VI, is one of the most profitable games ever and has sold over 210 million by December 2024. Analysts believe new releases will encourage players to spend more on consoles and games. This could potentially reverse the industry's recent slowdown. According to the report by Newzoo, console software revenue is projected to increase 7% from 2024 to 2027 and outperform PC software revenue growth of 2.6%. By 2027, console revenue is expected to account for over 56% of the total PC and console software revenue of $92.7 billion. Total playtime increased by 6% in 2024 and Q4 saw the highest quarterly playtime thanks to blockbuster releases like the new Call of Duty title. Emmanuel Rosier, director of market analysis at Newzoo, told Reuters that major console titles, such as Spider-Man and God of War, are driving engagement on consoles. He also pointed out that these AAA or AAAA releases have less impact on PC gamers, who prefer older titles. To compile our list of the 10 best gaming stocks to invest in according to billionaires, we looked for the largest gaming companies. We reviewed our own rankings, financial media reports, ETFs, and various online resources to compile a list of the best gaming stocks. Next, we focused on the top 10 gaming stocks most favored by billionaires. Data for the number of billionaire investors for each stock was taken from Insider Monkey's Q4 2024 database. Finally, the 10 best gaming stocks to invest in were ranked in ascending order based on the number of billionaires holding stakes in them as of Q4 2024. Additionally, we mentioned the hedge fund sentiment surrounding each stock, which was taken from Insider Monkey's Q4 2024 database of more than 1,000 elite hedge funds. Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A close-up of a hand holding a mobile device with a gaming app open on the screen. Number of Billionaire Investors: 9 Number of Hedge Fund Holders: 32 Playtika Holding Corp. (NASDAQ:PLTK) is an Israeli digital entertainment and technology company that focuses on developing and publishing mobile games. The company has a strong portfolio of multiple game titles that attract over 20 million monthly active users. Playtika Holding Corp. (NASDAQ:PLTK) ranks among the best gaming stocks to buy. On March 26, Bank of America Securities upgraded the rating for Playtika Holding Corp. (NASDAQ:PLTK) from 'Underperform' to 'Buy' and raised its price target from $6 to $6.50. This change came amid a recognition of the company's strong profitability and leadership in the mobile gaming industry. Analyst Omar Dessouky noted that Playtika Holding Corp. (NASDAQ:PLTK) boasts the industry's highest profitability with impressive 30% EBITDA margins. He also highlighted the company's position as the largest direct-to-consumer platform in the industry and that it has three of the largest and longest-running franchises in mobile gaming history. Dessouky pointed out that the mobile gaming sector, while mature, is still growing. BofA expects that the mobile gaming industry will grow at an annual rate of at least 4% for the foreseeable future. After analyzing data from January and February, BofA also increased its 2025 revenue and profit estimates for Playtika Holding Corp. (NASDAQ:PLTK) to $2.85 billion and $740 million, respectively. Overall, PLTK ranks 9th on our list of the best gaming stocks to invest in according to billionaires. While we acknowledge the potential of PLTK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
