Playtika Overview
Playtika develops immersive free-to-play social and mobile games. Whether a player is looking for something funny or dramatic, playful or full of intrigue, Playtika’s diverse portfolio of games offers something for everyone. Playtika draws upon decades of entertainment and gaming expertise, deep resources, and opportunities for marketing and cross-promotion. The company’s mission is to entertain the world by providing infinite ways to play.
Cumulative Funding Raised Over Time ($)
$1.5MNov 2010
Latest News
growth-positive
Dafna Altman, VP Creative at Mavens, spoke at Calcalist’s Gaming Conference in collaboration with Google and Playtika about the power of marketing to anticipate and even influence the needs of users.
Dafna Altman, VP Creative at Mavens, highlighted the transformative power of advertising in the gaming industry at Calcalist’s Gaming Conference, held in collaboration with Google and Playtika. Altman emphasized that advertising goes beyond selling products by anticipating and influencing consumer needs. She shared historical examples of how advertising has reshaped markets, such as the introduction of diamonds as symbols of eternal love. Mavens, which was acquired by Zynga, is leveraging strategic partnerships with major companies like Sony to enhance its market presence. The conference underscored the evolving role of advertising in the gaming sector, with Mavens positioned to capitalize on these trends.
PartnersAcquired-by
growth-positive
Gilad Talmon, Co-founder and CEO of Yoom, spoke at Calcalist’s Gaming Conference in collaboration with Google and Playtika about how AI tools will allow for the creation of higher quality and quantity of content.
Gilad Talmon, Co-founder and CEO of Yoom, discussed the transformative impact of AI tools on game development at Calcalist’s Gaming Conference, held in collaboration with Google and Playtika. Talmon highlighted how AI tools are enhancing the quality and quantity of content creation by simplifying technical processes and reducing the need for large teams. He introduced AI tools like CSM and Splatting Gaussian, which accelerate the creation of 3D environments and animations. These tools enable the production of hyper-realistic scenes with ease, expanding accessibility to game development by reducing the need for technical expertise and expensive equipment. Talmon emphasized that while AI will not replace professionals, it will serve as a creative aid, offering rapid feedback and improving content quality.
growth-positive
Keren Marom, co-founder of Beach Bum, was speaking in a panel held as part of Calcalist's gaming conference in collaboration with Google and Playtika. The panel also included: Schraga Mor, CEO of Plarium, and Uri Marchand, co-founder and CEO of Overwolf.
The article discusses the rapid evolution of the gaming industry, highlighting companies like Beach Bum, Plarium, and Overwolf. At the Calcalist Gaming Conference, industry leaders discussed challenges, monetization strategies, and the role of AI in game design. Plarium, recently acquired by Swedens Modern Times Group for up to $820 million, has been investing heavily in new game development and improving existing ones. Overwolf focuses on providing infrastructure for third-party developers, enabling them to enhance gaming experiences. The panelists emphasized the importance of innovation and adapting to rising user expectations. AI is seen as a crucial tool for future growth, particularly in game design and development.
Acquired-by
growth-positive
Yael Hakshurian, head of practical studies at the School of Design at the Kibbutzim College, spoke about these new games at the Calcalist Gaming Conference held in collaboration with Google and Playtika: "These are games that have an agenda they are interested in promoting."
The article discusses the Calcalist Gaming Conference, held in collaboration with Google and Playtika, where Yael Hakshurian from Kibbutzim College presented two projects integrating technology and gaming in education. The first project, Rugelach Games, was developed in response to the October 7 events and aimed to make the realities of the situation more accessible to children in Israel. The second project focused on trailblazing women and was inspired by the aftermath of the war, highlighting the inclusion of people with disabilities in gaming. Additionally, Playtikas acquisition of Israeli gaming startup SuperPlay for $700 million was mentioned, indicating a growth-positive impact for Playtika.
PartnersAcquisition
growth-positive
Sveta Morag, Cloud Solutions Architect at Google Cloud, spoke at Calcalist's Gaming Conference in partnership with Google and Playtika about a platform game where the levels were created using AI.
At Calcalists Gaming Conference in Tel Aviv, Google Cloud showcased its AI capabilities in game development. Sveta Morag, a Cloud Solutions Architect at Google Cloud, demonstrated how AI models can be used to generate and integrate content into games in real time. The platform game presented at the conference featured levels created using AI, with visuals and audio produced by Google Clouds AI models. The tools, available to customers, enable image, video, and audio production, enhancing the creative process by allowing customization to fit unique visual styles. The event highlighted Google Clouds collaboration with partners like Playtika, emphasizing the growth potential of AI in gaming.
CustomersPartners
| Sector | Media & Entertainment Technologies |
Funding
| Total funding | $1.88B |
| Last funding | $1.88B |
| Stage | Public |
| Rounds | 2 |
| Investors | 1 |
Team Members
7
Employees: 500+
Web & Social Links
| Website | www.playtika.com |
| Careers | Careers page |
| App Store | App Store |
| Google Play | Google Play |
Locations
Hahoshlim Street 8, Herzliya, Israel
Los Angeles, CA, USA
Montreal, QC, Canada
London, United Kingdom
Santa Monica, CA, USA
Vienna, Austria
Minsk, Belarus
Buenos Aires, Argentina
Helsinki, Finland
Las Vegas, NV, USA
Vinnytsia, Vinnytsia Oblast, Ukraine
Lausanne, Switzerland
Tokyo, Japan
Sydney NSW, Australia
Kiev, Ukraine
Bucharest, Romania
Chicago, IL, USA
Berlin, Germany
Photos & Videos
2 item(s)
Playtika Business
Business models
B2C
Product stage
Released
Employees
500+
Sector
Media & Entertainment TechnologiesDigital Content Engagement & EntertainmentTarget Customer
ConsumersRecreational & LifestyleGamersCore Technology
Platforms & InterfacesMobileWebSoftwareTags (13)
social-gamesentertainmentgame-developmentsocial-networksuser-acquisitionmonetizationsocial-mediamarketingconsumersgamersmobile-gamesmobile-applicationssocial-platformGeographic Markets
GlobalPlaytika Financials
$1.88B
Total funding
Undisclosed
Capital raised
$1.88B
Last funding
Public
Funding stage
2
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
$1.5MNov 2010
Private Equity Funding
Seed
Nov 2010
$1.5M
Kaedan Capital
Public Offering / Exit
POEvent
Jan 2021
Undisclosed
MNAEvent
Jul 2016
$4.4B
MNAEvent
May 2011
$92M
Mergers & Acquisitions
MNAEvent
Sep 2024
$700M
MNAEvent
Sep 2023
$300M
MNAEvent
Aug 2023
Undisclosed
MNAEvent
Mar 2022
Undisclosed
MNAEvent
Aug 2021
$600M
MNAEvent
Aug 2019
Undisclosed
MNAEvent
Mar 2019
Undisclosed
MNAEvent
Jan 2019
Undisclosed
MNAEvent
Dec 2018
Undisclosed
MNAEvent
Oct 2017
Undisclosed
MNAEvent
Feb 2017
$10M
MNAEvent
Sep 2015
$10M
MNAEvent
Jun 2013
Undisclosed
MNAEvent
Dec 2012
Undisclosed
Playtika Lifecycle
Cumulative Funding Raised Over Time
$1.5MNov 2010
All Events
Seed
Nov 2010
$1.5M
Kaedan Capital
POEvent
Jan 2021
Undisclosed
MNAEvent
Jul 2016
$4.4B
MNAEvent
May 2011
$92M
MNAEvent
Sep 2024
$700M
MNAEvent
Sep 2023
$300M
MNAEvent
Aug 2023
Undisclosed
MNAEvent
Mar 2022
Undisclosed
MNAEvent
Aug 2021
$600M
MNAEvent
Aug 2019
Undisclosed
MNAEvent
Mar 2019
Undisclosed
MNAEvent
Jan 2019
Undisclosed
MNAEvent
Dec 2018
Undisclosed
MNAEvent
Oct 2017
Undisclosed
MNAEvent
Feb 2017
$10M
MNAEvent
Sep 2015
$10M
MNAEvent
Jun 2013
Undisclosed
MNAEvent
Dec 2012
Undisclosed
Playtika News
153 articles
growth-positive
Dafna Altman, VP Creative at Mavens, spoke at Calcalist’s Gaming Conference in collaboration with Google and Playtika about the power of marketing to anticipate and even influence the needs of users.
Dafna Altman, VP Creative at Mavens, highlighted the transformative power of advertising in the gaming industry at Calcalist’s Gaming Conference, held in collaboration with Google and Playtika. Altman emphasized that advertising goes beyond selling products by anticipating and influencing consumer needs. She shared historical examples of how advertising has reshaped markets, such as the introduction of diamonds as symbols of eternal love. Mavens, which was acquired by Zynga, is leveraging strategic partnerships with major companies like Sony to enhance its market presence. The conference underscored the evolving role of advertising in the gaming sector, with Mavens positioned to capitalize on these trends.
PartnersAcquired-by
growth-positive
Gilad Talmon, Co-founder and CEO of Yoom, spoke at Calcalist’s Gaming Conference in collaboration with Google and Playtika about how AI tools will allow for the creation of higher quality and quantity of content.
Gilad Talmon, Co-founder and CEO of Yoom, discussed the transformative impact of AI tools on game development at Calcalist’s Gaming Conference, held in collaboration with Google and Playtika. Talmon highlighted how AI tools are enhancing the quality and quantity of content creation by simplifying technical processes and reducing the need for large teams. He introduced AI tools like CSM and Splatting Gaussian, which accelerate the creation of 3D environments and animations. These tools enable the production of hyper-realistic scenes with ease, expanding accessibility to game development by reducing the need for technical expertise and expensive equipment. Talmon emphasized that while AI will not replace professionals, it will serve as a creative aid, offering rapid feedback and improving content quality.
growth-positive
Keren Marom, co-founder of Beach Bum, was speaking in a panel held as part of Calcalist's gaming conference in collaboration with Google and Playtika. The panel also included: Schraga Mor, CEO of Plarium, and Uri Marchand, co-founder and CEO of Overwolf.
The article discusses the rapid evolution of the gaming industry, highlighting companies like Beach Bum, Plarium, and Overwolf. At the Calcalist Gaming Conference, industry leaders discussed challenges, monetization strategies, and the role of AI in game design. Plarium, recently acquired by Swedens Modern Times Group for up to $820 million, has been investing heavily in new game development and improving existing ones. Overwolf focuses on providing infrastructure for third-party developers, enabling them to enhance gaming experiences. The panelists emphasized the importance of innovation and adapting to rising user expectations. AI is seen as a crucial tool for future growth, particularly in game design and development.
Acquired-by
growth-positive
Yael Hakshurian, head of practical studies at the School of Design at the Kibbutzim College, spoke about these new games at the Calcalist Gaming Conference held in collaboration with Google and Playtika: "These are games that have an agenda they are interested in promoting."
The article discusses the Calcalist Gaming Conference, held in collaboration with Google and Playtika, where Yael Hakshurian from Kibbutzim College presented two projects integrating technology and gaming in education. The first project, Rugelach Games, was developed in response to the October 7 events and aimed to make the realities of the situation more accessible to children in Israel. The second project focused on trailblazing women and was inspired by the aftermath of the war, highlighting the inclusion of people with disabilities in gaming. Additionally, Playtikas acquisition of Israeli gaming startup SuperPlay for $700 million was mentioned, indicating a growth-positive impact for Playtika.
PartnersAcquisition
growth-positive
Sveta Morag, Cloud Solutions Architect at Google Cloud, spoke at Calcalist's Gaming Conference in partnership with Google and Playtika about a platform game where the levels were created using AI.
At Calcalists Gaming Conference in Tel Aviv, Google Cloud showcased its AI capabilities in game development. Sveta Morag, a Cloud Solutions Architect at Google Cloud, demonstrated how AI models can be used to generate and integrate content into games in real time. The platform game presented at the conference featured levels created using AI, with visuals and audio produced by Google Clouds AI models. The tools, available to customers, enable image, video, and audio production, enhancing the creative process by allowing customization to fit unique visual styles. The event highlighted Google Clouds collaboration with partners like Playtika, emphasizing the growth potential of AI in gaming.
CustomersPartners
growth-positive
Assaf Vaknin, Head of Apps at Google, spoke at Calcalist's Gaming Conference in partnership with Google and Playtika about how the world of gaming, while Dani Valevski, a researcher at Google Research discussed the future of gaming
At Calcalists Gaming Conference, Assaf Vaknin from Google highlighted the challenges and opportunities in the gaming sector, noting a projected 6% decline in global mobile gaming user spending by 2024. Despite this, Israel remains a significant player, accounting for 5% of global downloads. Vaknin emphasized the potential for growth through expansion into Asian markets, hybrid monetization strategies, and leveraging celebrity collaborations. He cited recent successes like Playtikas acquisition of SuperPlay and Vgames raising $142 million. Dani Valevski from Google Research discussed innovative research on using neural networks to run game engines, showcasing potential for future gaming developments. The event underscored the dynamic nature of the gaming industry and the strategic moves needed to harness its full potential.
PartnersAcquisitionInvestment
Playtika acquiring Israeli gaming startup SuperPlay for $700 million | CTech
growth-negative
Analysts Estimate Playtika Holding (PLTK) to Report a Decline in Earnings: What to Look Out for
Playtika Holding is expected to report a year-over-year decline in earnings on lower revenues for the quarter ended June 2024. The earnings report is expected to be released on August 7, 2024. The mobile game developer is expected to post quarterly earnings of $0.17 per share, which represents a year-over-year change of -19.1%. Revenues are expected to be $642.15 million, down 0.1% from the year-ago quarter. The companys stock price may be impacted by how the actual results compare to these estimates.
Customers
Neutral
Playtika Announces Date of Second Quarter 2024 Results Conference Call
Playtika Holding Corp., a leader in the mobile gaming entertainment and technology market, has announced that it will release its financial results for the second quarter of 2024 before U.S. markets open on Wednesday, August 7, 2024. On the same day, Playtika management will hold a conference call to discuss the results. A live webcast of the conference call and earnings release materials will be available on Playtika’s Investor Relations website.
Public Trading
growth-positive
Bingo Blitz Champions "Share Your Bingo Moment" Campaign Featuring Gold Medalists Kerri Walsh Jennings, Alex Morgan and Aly Raisman
Playtikas Bingo Blitz, a free-to-play bingo game, has partnered with renowned athletes Kerri Walsh Jennings, Alex Morgan, and Aly Raisman for its Share Your Bingo Moment campaign. The campaign encourages players to share their personal Bingo triumphs, fostering a vibrant community of engagement and connection. The athletes will share their Bingo Moments through engaging videos and posts on Bingo Blitzs social media channels. The campaign aims to celebrate lifes Bingo Moments, whether its the rush of marking off that final number on a Bingo Blitz card or the exhilaration of clinching gold on the global stage.
CustomersPartners
Growth-negative
Playtika Faces Geopolitical Risk With Operations in Israel, Belarus, Ukraine, UBS Says
The article discusses the geopolitical risks faced by Playtika due to its operations in Israel, Belarus, and Ukraine. The information is provided by UBS. Further details of the article are not available without a Silver or Gold subscription to MT Newswires.
growth-positive
Playtika Holding Corp. to Participate in Upcoming Investor Conferences in Second Quarter 2024
Playtika Holding Corp. announced that its President and CFO, Craig Abrahams, will be participating in several investor conferences in Q2 2024. These include TD Cowen’s 52nd Annual Technology, Media & Telecom Conference, Baird’s 2024 Global Consumer, Technology & Services Conference, and BofA Securities Global Technology Conference 2024. The company also made forward-looking statements regarding its business strategy, plans, and objectives for future operations. Playtika is a mobile gaming entertainment and technology market leader with multiple game titles in its portfolio.
Management Changes
Growth-Negative
Insider Sale: Chief Human Resources Officer Gili Brudno Sells 67,250 Shares of Playtika Holding ...
On May 13, 2024, Gili Brudno, Chief Human Resources Officer of Playtika Holding Corp, sold 67,250 shares of the company. This transaction was filed with the SEC on the same day. Over the past year, the insider has sold a total of 67,250 shares with no recorded purchases. Playtika Holding Corp is a leading mobile gaming company with over 35 million monthly active users. The companys shares were priced at $8.72, resulting in a market cap of approximately $3.29 billion. The GF Value of Playtika Holding Corp is estimated at $11.79, suggesting that the stock is modestly undervalued.
Management Changes
growth-positive
Gaming industry: How to level up your investments
The video game industry has seen layoffs and a decline in stocks for companies like Electronic Arts and Take-Two Interactive. However, Wedbush Securities Michael Pachter believes there is potential for growth, particularly for Ubisoft. Pachter highlights Ubisofts acquisition of global streaming rights from Activision, forced to sell by UK regulators during its merger with Microsoft. He believes this acquisition, made for a relatively small sum, will result in significant revenue from Microsoft over the next few years. Pachter also notes that Ubisoft has a backlog of content set to launch, which he predicts will lead to a spike in revenue and profitability.
LayoffsAcquisition
growth-positive
Playtika Holding Corp. Just Missed Earnings - But Analysts Have Updated Their Models
Playtika Holding Corp.s shares surged 11% to US$8.58 in the week following its latest quarterly results. While revenues of US$651m were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 8.4% to hit US$0.14 per share. Analysts are forecasting 2024 revenues to be US$2.58b, approximately in line with the last 12 months. Statutory earnings per share are predicted to surge 21% to US$0.66. The consensus price target is largely unchanged at US$9.93. Playtikas revenue is expected to grow slower than similar companies in the same industry.
Customers
growth-negative
Playtika Holding Corp (PLTK) Q1 2024 Earnings: Mixed Results Amidst Strategic Adjustments
Playtika Holding Corp reported its Q1 2024 financial results, showing a slight revenue increase to $651.2 million but a significant decrease in net income to $53.0 million, a 37.0% drop from the previous year. The companys Direct-to-Consumer (DTC) platforms showed robust growth, with revenue up 13.2% year-over-year to $171.5 million. Despite challenges in maintaining user engagement and monetization, the company announced a $150 million share repurchase program and declared a quarterly dividend of $0.10 per share. The company expects full-year 2024 revenue to be within the range of $2.52 to $2.62 billion.
Investment
growth-negative
Playtika Holding First Quarter 2024 Earnings: EPS: US$0.14 (vs US$0.23 in 1Q 2023)
Playtika Holding has reported its first quarter 2024 results, with a revenue of US$651.2m, which is flat compared to the same period in 2023. The companys net income is US$53.0m, down 37% from 1Q 2023, and its profit margin is 8.1%, down from 13% in 1Q 2023. The EPS is US$0.14, down from US$0.23 in 1Q 2023. The companys shares are up 16% from a week ago. However, there are 3 warning signs for Playtika Holding that investors need to be mindful of.
None
growth-positive
Q1 2024 Playtika Holding Corp Earnings Call
Playtika Holding Corp. held its Q1 2024 earnings call, during which CEO Robert Antokol announced changes to the executive leadership team. The roles of Chief Revenue Officer and Chief Operating Officer have been eliminated, with all shared services operations now reporting directly to Antokol. The company also announced a new share repurchase program of $150 million. For the quarter, the company generated $651.2 million in revenue, a slight increase from the previous quarter but a slight decrease year-over-year. The companys direct-to-consumer platforms generated $171.5 million, up 6.1% sequentially and 13.2% year-over-year.
Management ChangesInvestment
growth-negative
Playtika Holding Corp. (NASDAQ:PLTK) Q1 2024 Earnings Call Transcript
Playtika Holding Corp. reported its Q1 2024 earnings, missing expectations with a reported EPS of $0.1429, compared to the expected $0.15. The company also announced changes to its executive leadership team, eliminating the roles of Chief Revenue Officer and Chief Operating Officer to streamline operations. The companys CEO, Robert Antokol, will now have direct oversight of studios and shared services operations. The company also announced a new share repurchase program of $150 million. For the quarter, the company generated $651.2 million in revenue, a 2.1% increase sequentially but a 0.8% decrease year-over-year.
Management Changes
growth-negative
Playtika (PLTK) Reports Q1 Earnings: What Key Metrics Have to Say
Playtika Holding reported a slight year-over-year decline in revenue for Q1 2024, with $651.2 million compared to the Zacks Consensus Estimate of $642.38 million. The companys EPS was $0.15, the same as the consensus estimate. Despite the decline, the companys stock has returned +10.7% over the past month. However, the stock currently has a Zacks Rank #4 (Sell), indicating potential underperformance in the near term.
Public Trading
growth-negative
Playtika Holding (PLTK) Meets Q1 Earnings Estimates
Playtika Holding reported quarterly earnings of $0.15 per share, in line with the Zacks Consensus Estimate, compared to earnings of $0.23 per share a year ago. The mobile game developer posted revenues of $651.2 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 1.37%. However, Playtika shares have lost about 11.1% since the beginning of the year. The companys future performance will depend on managements commentary on the earnings call and earnings outlook. The current consensus EPS estimate is $0.16 on $640.14 million in revenues for the coming quarter.
Public Trading
growth-positive
Playtika Holding Corp. Reports Q1 2024 Financial Results
Playtika Holding Corp. has released its Q1 2024 financial results, reporting revenue of $651.2 million, a 2.1% sequential increase but a 0.8% decrease year over year. The companys net income was $53.0 million, a 42.1% sequential increase but a 37.0% decrease year over year. The company also announced a $150 million share repurchase program. CEO Robert Antokol stated that the company is restructuring its executive team and streamlining leadership to return to growth in the mobile gaming sector.
Management Changes
growth-negative
Earnings Preview: International Game Technology (IGT) Q1 Earnings Expected to Decline
International Game Technology (IGT) is expected to report a year-over-year decline in earnings on lower revenues for the quarter ended March 2024. The earnings report is expected to be released on May 14, 2024. The company is expected to post quarterly earnings of $0.29 per share, representing a year-over-year change of -40.8%. Revenues are expected to be $1.03 billion, down 2.7% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.69% lower over the last 30 days. The company currently carries a Zacks Rank of #5.
Customers
growth-positive
3 Nasdaq Stocks Trading at Discounted Prices to Consider in May
The article discusses three undervalued Nasdaq stocks to consider for investment in May. These include WillScot Mobile Mini Holdings, Playtika Holding, and Interactive Brokers Group. WillScot recently acquired McGrath RentCorp for $3.8 billion and has a gross margin of 55.6%. Playtika, an Israel-based developer of mobile video games, has a gross margin of 72.0% and plans to earmark $600 million to $1.2 billion for M&A over the next three years. Interactive Brokers Group, which provides institutional and individual investors with low-cost, global access to various financial instruments, has a gross margin of 88.3%.
AcquisitionCustomersInvestment
growth-negative
Unveiling Playtika (PLTK) Q1 Outlook: Wall Street Estimates for Key Metrics
Playtika Holding Corp. is expected to post a year-over-year decline in its upcoming quarterly earnings report. Analysts predict earnings of $0.15 per share, a 34.8% decrease from the previous year, and revenues of $642.38 million, a 2.1% decrease. The companys Average Daily Payer Conversion is projected to remain at 3.6%, while Average MAUs and Average DAUs are expected to slightly decrease. Despite a 12.6% increase in Playtikas shares over the past month, the company, with a Zacks Rank #4 (Sell), is expected to underperform in the market in the near term.
Customers
growth-negative
Earnings Preview: Playtika Holding (PLTK) Q1 Earnings Expected to Decline
Playtika Holding is expected to report a year-over-year decline in earnings and lower revenues for the quarter ended March 2024. The earnings report, due to be released on May 9, 2024, could impact the companys stock price. The mobile game developer is expected to post quarterly earnings of $0.15 per share, a year-over-year change of -34.8%, and revenues of $642.38 million, down 2.1% from the year-ago quarter. The company currently carries a Zacks Rank of #4.
Investment
growth-positive
The Ultimate Deal: Slotomania Joins Forces with Let's Make a Deal, Hosted by Wayne Brady, to Gift Three Lucky Winners with Brand New Cars!
Playtikas Slotomania, the worlds leading free-to-play slots game, has partnered with the hit game show Lets Make a Deal. The partnership will offer an exclusive in-game free-to-play slot machine and the chance for three lucky Slotomania players to win a brand new car each week until May 21, 2024. The partnership also includes a visit to the Lets Make a Deal studio for a live show taping and an exclusive Lets Make a Deal free-to-play slot machine inside the game. The collaboration represents a fusion between two entertainment powerhouses and underscores the growing convergence of gaming and entertainment media.
PartnersCustomers
Neutral
Playtika Announces Date of First Quarter 2024 Results Conference Call
Playtika Holding Corp. has announced that it will release its financial results for the first quarter of 2024 before U.S. markets open on Thursday, May 9, 2024. On the same day, Playtika management will hold a conference call to discuss the results. A live webcast of the conference call and earnings release materials will be available on Playtika’s Investor Relations website.
Public Trading
growth-positive
A Hand In Making A Difference: WSOP App Hosts 72-Hour Online Pokerthon in Partnership with Disabled American Veterans
Playtika, the company behind the World Series of Poker free-to-play app (WSOP), is hosting a 72-hour Pokerthon to raise funds for Disabled American Veterans (DAV). The event, which runs from April 19 to April 21, allows players to contribute to the charity while playing poker. DAV provides support to veterans to help them lead high-quality lives with respect and dignity. The initiative is part of Playtikas social responsibility efforts.
Partners
growth-positive
Playtika's Solitaire Grand Harvest Teams Up with Dr. Phil's New Merit Street Media TV Network to Inspire Viewers Through Play
Playtikas studio Supertreat Gmbh, the creator of Solitaire Grand Harvest, has announced a partnership with Dr. Phil McGraw and his new venture, Merit Street Medias TV network. The partnership aims to provide stress relief solutions and entertainment to viewers. The collaboration includes live on-air segments on Dr. Phil Primetime, exclusive in-game experiences, and social media content. The campaign will continue through March 2025. This is the second time Playtika has partnered with Dr. Phil, with the first being in 2021 when Dr. Phil featured Solitaire Grand Harvest on his daytime show.
Partners
growth-positive
20 Largest Video Game Publishers by Revenue in the World
The global video game market, valued at $224.9 billion in 2022, is expected to grow at a CAGR of 10.5% and reach $610.6 billion by 2032. The Asia Pacific region dominated the video gaming industry in 2022 with a market share of over 54%. Some of the largest companies involved in publishing video games include Take-Two Interactive Software, Inc., NetEase, Inc., and Microsoft Corporation. Take-Two Interactive Software, Inc. announced revenue of $1.36 billion for the three months ending on December 31, 2023. NetEase, Inc. reported revenue of $3.68 billion for the same period. Microsoft Corporation reported an 18% increase in revenue to $62.0 billion.
CustomersPartnersManagement Changes
growth-positive
Sarah Jessica Parker Faces A Dilemma Of Grand Proportion In New Campaign For Solitaire Grand Harvest
Playtikas Solitaire Grand Harvest is launching a new television spot featuring award-winning actress and producer Sarah Jessica Parker. The spot will run nationwide in the United States and is part of a year-long campaign with Parker. The actress made her debut as a spokesperson for the mobile game in December 2023. The campaign is expected to enhance the brand and gaming experience, and drive increased engagement and excitement for the game. Solitaire Grand Harvest is the top Solitaire game in the U.S., with hundreds of thousands of daily players across multiple platforms.
Partners
Neutral
10 Best Affordable Stocks Under $10
The article discusses the current economic conditions and outlook, highlighting the views of the Federal Reserve Chairman, Jerome Powell, and other experts. Powell stated that the economy remains strong with easing inflation and a robust labor market, but future inflation trends could remain uncertain. The Fed expects a median projection of 2.1% GDP growth for 2024 and 2% for the following two years. The article also mentions several affordable stocks under $10, including Southwestern Energy Company, Under Armour, Inc., and Kosmos Energy Ltd.
None
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growth-negative
המניה צנחה ב-75%, ההכנסות קפאו: פלייטיקה נמצאת במצב שלא הכירה
Playtika, a gaming company, has been struggling with the aftermath of the coronavirus crisis. The company, which was valued at nearly $12 billion at the beginning of 2021, has seen a decline in revenue, profits, and player numbers. The company is now looking for solutions in the world of mergers and acquisitions.
Customers
growth-negative
Playtika Holding Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Playtika Holding Corp. reported its latest yearly results, with revenues of US$2.6b in line with analyst predictions, but earnings were less than expected, missing statutory estimates by 11% to hit US$0.64 per share. Analysts are forecasting 2024 revenues to be US$2.57b, approximately in line with the last 12 months. However, sentiment has become more bearish after the latest results, leading to lower revenue forecasts and a reduction to earnings per share estimates. Analysts have cut their price target 17% to US$9.85. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Playtika Holding.
Customers
growth-positive
Q4 2023 Playtika Holding Corp Earnings Call
Playtika Holding Corp. has reported its Q4 2023 earnings, announcing that despite revenue headwinds, it outperformed its guidance on revenues and credit adjusted EBITDA. The companys casual games grew 2% Q-over-Q and 5.5% YoY, led by Junes Journey. Playtika also announced the initiation of a dividend and plans to deploy between $600 million to $1.2 billion in M&A over the next three years. The companys recent acquisitions, Animals & Coins and Governor of Poker, have demonstrated consistent month-over-month growth. However, the company has paused the evaluation of strategic alternatives due to ongoing geopolitical conflicts in Israel and Ukraine.
InvestmentAcquisitionExpand
growth-positive
Playtika Holding Corp. Reports Q4 and 2023 Financial Results
Playtika Holding Corp. has announced its Q4 2023 financial results, revealing a 1.1% YoY increase in revenue and a 7.6% YoY increase in DTC Platforms revenue. The company has also initiated a quarterly dividend of $0.10 per share and plans to deploy $600 million to $1.2 billion of capital for M&A over the next three years. However, due to ongoing uncertainty in Israel and Ukraine, the company has paused its evaluation of strategic alternatives. For FY2024, Playtika expects revenue to be between $2.520 - $2.620 billion.
InvestmentExpand
growth-positive
Playtika Holding Corp (PLTK) Announces Dividend as Q4 Revenue Sees Slight Uptick
Playtika Holding Corp announced its Q4 and FY2023 financial results, showing a 1.1% YoY revenue increase to $637.9 million, but a 57.4% drop in net income to $37.3 million. The company also initiated a quarterly dividend of $0.10 per share and plans to invest $600 million to $1.2 billion in M&A over the next three years. However, due to geopolitical uncertainties, the company has paused its evaluation of strategic alternatives. For FY2024, Playtika expects revenue to be between $2.520 - $2.620 billion and Credit Adjusted EBITDA between $730 - $770 million.
InvestmentManagement Changes
growth-negative
Compared to Estimates, Playtika (PLTK) Q4 Earnings: A Look at Key Metrics
Playtika Holding reported a revenue of $637.9 million for Q4 2023, a 1.1% YoY increase, slightly above the Zacks Consensus Estimate. However, EPS was $0.10, down from $0.24 YoY and below the consensus estimate of $0.17. The companys key metrics such as Average Daily Payer Conversion, Average MAUs, Average DAUs, and ARPDAU were mostly in line with analyst estimates. Over the past month, Playtikas shares have decreased by 4.4%.
Public Trading
Growth-Negative
Playtika Holding (PLTK) Misses Q4 Earnings Estimates
Playtika Holding reported quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.17 per share. This is a decrease from earnings of $0.24 per share a year ago. The company posted revenues of $637.9 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 0.78%. This compares to year-ago revenues of $631.2 million. Playtika shares have lost about 17.4% since the beginning of the year. The companys earnings outlook and the performance of the gaming industry will have a significant impact on the stocks future performance.
growth-negative
Stay Ahead of the Game With Playtika (PLTK) Q4 Earnings: Wall Street's Insights on Key Metrics
Playtika Holding is expected to post quarterly earnings of $0.18 per share, a year-over-year decline of 25%. Revenues are projected to be $632.99 million, up 0.3% from the previous year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Analysts predict that the Average DAUs will reach 8.54 million, a decrease from the previous years 8.8 million. Despite this, Playtikas shares have shown returns of +0.7% over the past month and the company is expected to outperform the overall market in the near future.
Investment
growth-negative
Playtika Holding (PLTK) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Playtika Holding is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ended December 2023. The mobile game developer is expected to post quarterly earnings of $0.18 per share, a year-over-year change of -25%, with revenues expected to be $632.99 million, up 0.3% from the year-ago quarter. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 26. However, if they miss, the stock may move lower.
Customers
growth-positive
ROKU Q4 Loss Narrower Than Expected, Revenues Increase Y/Y
Roku reported a Q4 2023 loss of 55 cents per share, narrower than the estimated loss of 65 cents and a significant improvement from the $1.70 per share loss in the same quarter the previous year. Revenues increased 13.5% to $984.43 million, beating the consensus mark by 2.58%. The growth was driven by the increase in active accounts and streaming hours on The Roku Channel. The company added 4.2 million active accounts in Q4, bringing the total to 80 million globally. Roku also partnered with Tennis Channel to launch T2 on The Roku Channel in the US.
CustomersPartners
growth-positive
Redecor and Revlon Bring Beauty and Design Together in a New Mobile Game Collaboration
Playtika Holding Corps home design game, Redecor, has announced a collaboration with beauty brand Revlon. The partnership will allow players to use color palettes inspired by Revlons Super Lustrous lipstick collection in their virtual designs. The shade range will expand in the coming months with the launch of two additional exclusive in-game collections. This is the first time Revlon has collaborated with a mobile game. Redecor is available for free download on the App Store and Google Play.
Partners
growth-positive
How to Find Strong Consumer Discretionary Stocks Slated for Positive Earnings Surprises
The article discusses the importance of earnings and interest rates in determining stock prices. It introduces the Zacks Earnings ESP, a tool designed to predict earnings surprises based on recent analyst revisions. Two companies, Paramount Global-B (PARA) and Playtika Holding (PLTK), are highlighted as having positive ESP figures, suggesting they may exceed analyst expectations in their next earnings reports. PARA is due to release its next quarterly earnings on February 28, 2024, while PLTK is set to report earnings on February 26, 2024.
Public Trading
Neutral
Playtika Announces Date of Fourth Quarter 2023 Results Conference Call
Playtika Holding Corp. has announced that it will release its financial results for the fourth quarter and full year of 2023 before U.S. markets open on February 26, 2024. On the same day, Playtika management will hold a conference call to discuss the results. A live webcast of the conference call and earnings release materials will be available on Playtika’s Investor Relations website.
growth-positive
BIG GAME BLITZ: LEGENDARY QUARTERBACK KURT WARNER TEAMS UP WITH BINGO BLITZ TO OFFER $1 MILLION TO LUCKY GAMER IF RECORD NUMBER OF SACKS IS BROKEN ON FEBRUARY 11
Playtika, the company behind the Bingo Blitz mobile app, has partnered with legendary quarterback Kurt Warner for a promotional event. Users who download and register on the app before February 10 stand a chance to win $1 million if either team in the upcoming football game on February 11 achieves a record-breaking eight sacks. The promotion is part of a larger campaign by Playtika to increase user engagement and attract new users. The company has also extended its partnership with actress Drew Barrymore and plans to announce a partnership with Pringles in the spring.
CustomersPartners
growth-positive
Playtika (PLTK) Loses -13.82% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Playtika Holding (PLTK) has seen a 13.8% decline in stock over the past four weeks, however, it is now in oversold territory and could be due for a turnaround. The Relative Strength Index (RSI) reading of 27.65 for PLTK indicates that the heavy selling could be exhausting itself. Additionally, there has been strong agreement among sell-side analysts covering the stock in raising earnings estimates for the current year. Over the last 30 days, the consensus EPS estimate for PLTK has increased 1.9%. PLTK currently has a Zacks Rank #1 (Strong Buy), indicating potential for a turnaround in the near term.
Growth-Negative
Wells Fargo downgraded after Q4 earnings, Adobe slashed: 4 big analyst cuts
Several major companies including Adobe, Wells Fargo, Playtika, and Charles Schwab have faced downgrades from various investors. Exane BNP Paribas downgraded Adobe Systems to Underperform from Neutral with a price target of $499.00. Odeon Capital downgraded Wells Fargo to Hold from Buy with a price target of $48.80. BofA Securities downgraded Playtika Holding to Underperform from Neutral and cut its price target to $8.00 from $11.00. Keefe, Bruyette & Woods downgraded Charles Schwab to Market Perform from Outperform and cut its price target to $70.00 from $75.00.
Customers
Growth-Negative
Playtika cutting 300-400 jobs in new round of layoffs | CTech
Israeli gaming company Playtika is laying off 300-400 employees, following a previous round of layoffs in 2022 where 900 employees were let go. These layoffs will not affect the companys Israeli offices. Playtikas market cap is around $2.9 billion, but its share price has fallen by almost 25% since the start of 2023. The companys Q3 reports showed a decrease in revenue and a significant drop in net income. Playtika has also made several acquisitions, including Youda Games and Innplay Labs.
LayoffsAcquisition
growth-positive
Playtika Unleashes Star Power with Debut of Celebrity-Studded Campaigns
Playtika, a mobile games pioneer and interactive entertainment leader, is launching a series of U.S. national ad campaigns featuring Hollywood celebrities. The campaigns will be broadcast nationwide across social media and will feature Sarah Jessica Parker for Solitaire Grand Harvest, Drew Barrymore for Bingo Blitz, Jason Alexander for World Series of Poker, and Ty Pennington for Caesars Slots. This is the first time Playtika has simultaneously debuted multiple celebrity-filled campaigns. The company hopes these campaigns will further solidify its position as an interactive entertainment leader.
CustomersPartners
growth-positive
Study: $56.6 Billion Was Spent on Video Games in 2022. Here Are 3 Gaming Stocks on the Rise.
The article discusses the growth of the video game industry and highlights three video game stocks that could be lucrative investments in 2023. These include Take-Two Interactive, known for popular franchises like Grand Theft Auto and NBA 2K, Playtika, an Israel-based mobile-game maker, and Roblox, a platform where players can interact in 3D worlds. The article mentions that the gaming industry has been growing for the last 50 years, with players in the U.S. spending $56 billion on games in 2022. Microsofts recent acquisition of Activision Blizzard for $68 billion is also mentioned as an indicator of the industrys potential.
CustomersInvestment
Growth-Positive
Should You Investigate Playtika Holding Corp. (NASDAQ:PLTK) At US$8.87?
Playtika Holding Corp. has seen a decent share price growth in the teens level on the NASDAQGS over the last few months. The companys price-to-earnings ratio is currently well-below the industry average, indicating that it is trading at a cheaper price relative to its peers. The companys earnings over the next few years are expected to increase by 29%, indicating a highly optimistic future. This growth has not yet been fully factored into the share price, suggesting it may be a good time to invest in the company.
Investment
growth-positive
June's Journey, World's Top Grossing Hidden Object Game, Surpasses $1 Billion Revenue
Playtikas Berlin-based studio Wooga announced that its game, Junes Journey, has achieved $1 billion in lifetime gross revenue, making it the first-ever German mobile game to hit such a revenue landmark 6 years after global launch. The game is the #1 highest-grossing hidden object game worldwide. Woogas success is attributed to its player-centric approach, particularly targeting a mature female demographic. 90% of its dedicated players are women, with the majority aged over 55. Wooga has fostered an exceptionally loyal and engaged player base by staying attuned to player feedback, delivering fresh weekly content, and enhancing social features.
Customers
growth-negative
Playtika Holding (NASDAQ:PLTK) Will Be Hoping To Turn Its Returns On Capital Around
Playtika Holdings return on capital employed (ROCE) is trending downwards, despite a high current ROCE of 21%, which is above the industry average of 9.6%. Historically, the companys ROCE was as high as 60%. The company appears to be reinvesting for long-term growth, as capital employed has increased, but sales have remained relatively stable. The company has also decreased its current liabilities to 13% of total assets, reducing some elements of risk. However, the stock has fallen 21% in the last year, indicating investor concern about the companys performance.
Investment
growth-negative
Q3 2023 Playtika Holding Corp Earnings Call
Playtika Holding Corp held its Q3 2023 earnings call, discussing its financial results and recent acquisitions. The company reported $630.1 million in revenue, down 2% sequentially and 2.7% YoY. Net income was $37.9 million, compared to $68.2 million in Q3 2022. The company also addressed the current situation in Israel, stating that all Playtika team members are safe, but some have been activated from the Israeli military reserves. Playtika has moved a limited number of employees from Israel to Poland and Romania to provide redundancy in case the situation in Israel escalates. The company also highlighted its recent acquisitions of InnPlay Labs and Youda Games.
CustomersPartnersAcquisitionManagement ChangesLayoffsExpand
growth-negative
Playtika Holding Corp. (NASDAQ:PLTK) Q3 2023 Earnings Call Transcript
Playtika Holding Corp. reported Q3 2023 earnings, missing expectations with a reported EPS of $0.1, compared to the expected $0.21. The company also discussed the impact of the ongoing conflict in Israel, where it has significant operations and where 29% of its global workforce is based. The company has moved some employees from Israel to Poland and Romania due to the situation. Playtika also highlighted its recent acquisitions of InnPlay Labs and Youda Games, as well as its partnership with Netflix for the launch of the game, Ghost Detective. The company generated $630.1 million in revenue for the quarter, down 2% sequentially and 2.7% year-over-year.
CustomersPartnersAcquisition
growth-negative
Playtika Holding Corp. Reports Q3 2023 Financial Results
Playtika Holding Corp. has released its Q3 2023 financial results, reporting a total revenue of $630.1 million, a decrease of 2.0% sequentially and 2.7% year over year. The companys net income also decreased by 49.9% sequentially and 44.4% year over year to $37.9 million. Despite these declines, the company completed the acquisition of Youda Games and InnPlay Labs. Playtikas management remains committed to operational stability and delivering exceptional gaming experiences. The company is revising its revenue range to $2.550 to $2.565 billion and expects Credit Adj. EBITDA between $825 to $832 million.
Acquisition
growth-negative
Playtika Holding Corp (PLTK) Reports Mixed Q3 2023 Financial Results Amidst Acquisitions and ...
Playtika Holding Corp reported a 2.7% decrease in revenue for Q3 2023, totaling $630.1 million, and a 44.4% drop in net income to $37.9 million. The company completed acquisitions of Youda Games and InnPlay Labs to strengthen its market position. Despite the decline in revenue and net income, the companys Direct-to-Consumer platforms revenue saw a 6.8% increase year over year. Playtika revised its full-year revenue forecast to $2.550 to $2.565 billion. The companys CEO, Robert Antokol, emphasized the companys commitment to operational stability and delivering immersive gaming experiences despite challenging market conditions.
AcquisitionCustomers
growth-negative
Playtika (PLTK) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Playtika Holding reported a revenue of $630.1 million for Q3 2023, a 2.7% decrease from the same period last year. The companys EPS was $0.19, up from $0.17 in the year-ago quarter. However, these figures fell short of the Zacks Consensus Estimate, with a revenue surprise of -1.96% and an EPS surprise of -9.52%. The companys stock has returned -9.5% over the past month and currently holds a Zacks Rank #4 (Sell), indicating potential underperformance in the near term.
Customers
Playtika Announces Date of Third Quarter 2023 Results Conference Call
growth-positive
Playtika (PLTK) Expands Portfolio With Innplay Labs Acquisition
Playtika Holding Corp. has announced the acquisition of Innplay Labs, a mobile gaming studio in Israel. This is the second strategic acquisition for Playtika this quarter, following the acquisition of Youda Games’ card game portfolio from Azerion in August. The acquisition of Innplay Labs is expected to strengthen Playtikas mobile gaming portfolio and presents a promising growth opportunity in the Luck Battle genre. The company remains focused on delivering outstanding gaming experiences to players worldwide.
AcquisitionExpand
growth-positive
Playtika Holding Corp. Completes Strategic Acquisition of Innplay Labs, Further Strengthening Its Mobile Gaming Portfolio with Popular “Animals & Coins”
Playtika Holding Corp., a mobile games pioneer and interactive entertainment leader, has completed the acquisition of Innplay Labs, an Israeli mobile gaming studio. This acquisition marks Playtikas second strategic acquisition in the quarter, following the acquisition of Youda Games card game portfolio from Azerion. The acquisition of Innplay Labs aligns with Playtikas commitment to strategic expansion of its mobile gaming portfolio and represents a promising growth opportunity in the Luck Battle genre. The move also strengthens Playtikas position as a mobile games leader and underscores its commitment to investing in Israel as a global technology and innovation hub.
AcquisitionExpand
growth-positive
גאווה ישראלית: המשחק החדש של פלייטיקה מגיע לנטפליקס
Playtika, a leading international gaming company, has launched a new game, Ghost Detective, through its Wooga studio. The game will be featured on Netflix Games, marking a significant partnership between Playtika and Netflix. Ghost Detective is a mystery and adventure game that takes players through the mysterious and enigmatic streets of New Orleans, USA. The launch of Ghost Detective on Netflix Games is seen as a milestone and testament to the commitment of both companies to deliver unprecedented entertainment experiences to audiences worldwide.
Partners
Neutral
Are Options Traders Betting on a Big Move in Playtika (PLTK) Stock?
Playtika Holding Corp. is experiencing high implied volatility in the options market, indicating that investors are expecting a significant move in the stock. The company is currently a Zacks Rank #3 (Hold) in the Gaming industry, ranking in the Bottom 38% of the Zacks Industry Rank. Over the last 60 days, the Zacks Consensus Estimate for the current quarter has moved from 20 cents per share to 21 cents. This high implied volatility could suggest a trade is developing, with options traders potentially looking to sell premium.
Public Trading
growth-negative
11 Tech Stocks to Sell Now According to Cathie Wood
Cathie Woods ARK Investment Management, LLC has identified 11 tech stocks to sell now. The firm, which focuses on investments in technologically enabled innovation, has made a significant recovery this year, with its flagship ETF, the ARK Innovation ETF (ARKK), up 41.37% as of September 15. The portfolio is dominated by leading technology companies, with top holdings including Tesla, Coinbase, UiPath, Roku, and Block. The stocks to sell have been ranked based on the percentage of stake sold by ARK Investment Management during the quarter as compared to the previously disclosed ownership position.
InvestmentManagement Changes
growth-positive
Playtika Holding Corp. Enters Definitive Agreement to Acquire Innplay Labs
Playtika Holding Corp, a mobile games pioneer and interactive entertainment leader, has announced its plan to acquire Innplay Labs, an Israeli mobile gaming studio. The deal is worth an upfront consideration of $80 million, with a maximum consideration of $300 million. This acquisition is Playtikas second transaction in the quarter and is seen as a strategic expansion of its portfolio. Innplay Labs is recognized for its innovation and is expected to add value to Playtikas portfolio of Casual titles.
Acquisition
Growth-Negative
Playtika Holding Corp (PLTK): A Deep Dive into Its Performance Potential
Playtika Holding Corp, a company in the Interactive Media industry, has seen a recent surge of 6.5%, but the GuruFocus Score Rating suggests potential headwinds. The companys rankings in financial strength, growth, and valuation have diminished, indicating that it may not live up to its historical performance. The GF Score, a stock performance ranking system, assigned Playtika a score of 67 out of 100, signalling poor future outperformance potential. The companys financial strength indicators also present concerning insights about the companys balance sheet health.
Investment
growth-positive
Under $10 and Ready to Rise: 3 Buy-Rated Stocks That Have Hit Bottom
The article discusses three stocks under $10 that are recommended for investment. Broadwind, a renewable equipment and services provider, had a strong start to the year with positive earnings and revenue growth. Stagwell, an advertising and marketing company, showed growth potential despite some metrics not meeting expectations. Playtika Holdings, a mobile games developer, announced partnerships and acquisitions to boost its user base and revenue. The article emphasizes the benefits of buying low-priced stocks and using the 14-day RSI indicator to identify oversold stocks that may bounce back. Overall, the article provides investment recommendations for these stocks.
Customers
growth-positive
The 7 Most Undervalued Stocks Under $10 to Buy Now: August 2023
The article discusses seven undervalued stocks under $10 that investors can consider buying. The stocks mentioned are FinVolution (FINV), Southwestern Energy (SWN), Playtika (PLTK), Himax Technologies (HIMX), Enel Chile (ENIC), Viemed Healthcare (VMD), and FutureFuel (FF). The article highlights the perceived affordability and significant upside potential of these stocks. It also mentions the growth potential of emerging growth companies and the importance of conducting due diligence before investing. The stocks are classified as undervalued and have the potential for growth. The article was published on InvestorPlace, a financial news and analysis website.
Investment
growth-positive
Is the Options Market Predicting a Spike in Playtika (PLTK) Stock?
Playtika Holding Corps stock has seen significant movement in the options market, with the Sep 15, 2023 $2.50 Call having some of the highest implied volatility of all equity options. Implied volatility suggests that investors are expecting a major move in the stock, either a big rally or a huge sell-off. Currently, Playtika is a Zacks Rank #3 (Hold) in the Gaming industry. Options traders are pricing in a big move for Playtika shares, and this high implied volatility could indicate a trade developing.
Public Trading
growth-positive
Q2 2023 Playtika Holding Corp Earnings Call
Playtika Holding Corp has announced its Q2 2023 earnings call, with a net income of $75.7 million and credit adjusted EBITDA of $250 million, marking a 6.7% growth year-over-year. The company also announced its acquisition of the Governor of Poker franchise, which it sees as a good opportunity to further expand its leadership in the social poker market. Playtikas President and CFO, Craig J. Abrahams, stated that the companys performance in the quarter was consistent with its outlook from the beginning of the year, where it expected the industry to be flat to slightly down.
Acquisition
growth-negative
Playtika (PLTK) Reports Q2 Earnings: What Key Metrics Have to Say
Playtika Holding reported a Q2 2023 revenue of $642.8 million, a decrease of 2.6% compared to the same period last year. The companys EPS was $0.21, up from $0.09 in the year-ago quarter. However, the reported revenue was lower than the Zacks Consensus Estimate of $652.87 million. Key metrics such as Average DPUs, Daily Payer Conversion, MAUs, DAUs, and ARPDAU were also reported. Over the past month, Playtikas shares have declined by 11%.
Customers
growth-positive
Playtika Holding (PLTK) Meets Q2 Earnings Estimates
Playtika Holding reported its quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate, and an improvement from $0.09 per share a year ago. The company, which is in the gaming industry, posted revenues of $642.8 million for the quarter ended June 2023, slightly missing the Zacks Consensus Estimate by 1.54%. Despite this, the companys shares have increased by about 30.7% since the beginning of the year. The future performance of the stock will depend on the companys earnings outlook and the overall outlook of the gaming industry.
CustomersPublic Trading
growth-negative
Playtika Holding Corp. Reports Q2 2023 Financial Results
Playtika Holding Corp. has released its Q2 2023 financial results, reporting a total revenue of $642.8 million, a decrease of 2.0% sequentially and 2.5% year over year. The companys net income was $75.7 million, a decrease of 10.0% sequentially but an increase of 108.0% year over year. Playtika also announced the acquisition of the Governor of Poker franchise. The companys DTC platforms revenue increased by 9.1% sequentially and 7.6% year over year to $165.3 million. Playtika expects to be at the low end of the previously provided revenue range of $2.57 to $2.62 billion for the full year.
Acquisition
growth-positive
Playtica buys Youda Games from the Netherlands for up to 150 million euros
Playtika is set to acquire Youda Games, a gaming studio owned by digital advertising company Azerion, for an initial payment of 81 million euros. The deal could potentially increase to 150 million euros, depending on Youdas performance post-acquisition. This acquisition is expected to increase Playtikas EBITDA by 20 million dollars annually, before appreciating Youdas portfolio.
Acquisition
Growth-Negative
The sale of 20% of Playtika to an associate of the Chinese government was cancelled
A deal to sell approximately 20% of Playtikas shares by a major investor in the company has fallen through. On Chau was supposed to sell her 80 million shares in the Israeli gaming company for $620 million, a price that reflected a 26% discount on the market price at the time of signing the agreement. The intended buyer was Chua-Hwa Por, a Singaporean citizen. Just before the end of the due diligence period, the parties cancelled the deal, as reported to the SEC in the United States.
Acquisition
Neutral
Playtika Announces Date of Second Quarter 2023 Results Conference Call
Playtika Holding Corp. has announced that it will release its financial results for the second quarter of 2023 before U.S. markets open on Tuesday, August 8, 2023. On the same day, Playtika management will hold a conference call to discuss the results. A live webcast of the conference call and earnings release materials will be available on Playtika’s Investor Relations website. Playtika is a mobile gaming entertainment and technology market leader with multiple game titles in its portfolio.
growth-positive
Playtika Holding Stock Shows Rising Relative Strength
Playtika Holdings stock shows rising relative strength, indicating improving technical performance.
growth-positive
The Zacks Analyst Blog Highlights American Woodmark, GIII Apparel, Marriott International and Playtika
The article discusses the positive outlook for consumer spending in the US and highlights four consumer discretionary stocks that are expected to benefit from increased household spending. The stocks mentioned are American Woodmark (AMWD), GIII Apparel Group (GIII), Marriott International (MAR), and Playtika (PLTK). These companies have strong earnings growth prospects and are rated as a Zacks Rank #1 or 2. The article emphasizes the resilience of the US economy and the positive impact of factors such as a strong labor market, competitive pricing, and the easing of travel restrictions. The mentioned stocks have already experienced significant gains this year. The article is published on June 23, 2023, by Zacks.com.
CustomersPartners
growth-positive
3 Gaming Stocks That Outperformed Industry in the Past 6 Months
The article discusses the positive momentum in Macaus gaming revenues and the robust demand for sports betting, which is benefiting the gaming industry. It highlights three gaming stocks, including DraftKings Inc., Playtika Holding Corp., and Corsair Gaming, Inc., that have gained more than 20% in the past six months. DraftKings is benefiting from increasing global demand for online gambling and sports betting, while Playtika Holding develops mobile games and continues to invest in technology. Corsair Gaming focuses on creating innovative gaming and streaming gear. The article also mentions the expected increase in gaming revenues in Macau and the growth of the U.S. gaming industry. The date of the event described in the article is not provided.
InvestmentExpand
Ty Pennington Partners With Caesars Slots to Gift 21 Lucky Winners With a Vegas Vacation
World Series of Poker’s Biggest Names Come Together to Share Thrill of Annual Tournament
growth-positive
Wall Street Analysts Predict a 41.09% Upside in Playtika (PLTK): Here's What You Should Know
Shares of Playtika Holding have gained 1% over the past four weeks. Wall Street analysts have set a mean price target of $14.25, indicating a potential upside of 41.1%. The consensus price target is supported by analysts expectations of better earnings from the company. However, the reliability of price targets as an investment tool is questionable, as they are often influenced by business incentives. Despite this, a tight clustering of price targets suggests a high degree of agreement among analysts. Playtika Holding currently has a Zacks Rank #1 (Strong Buy) and a positive trend in earnings estimate revisions, further supporting the potential upside in the stock.
InvestmentPublic Trading
Should Value Investors Buy International Game Technology (IGT) Stock?
growth-positive
Best Value Stocks to Buy for May 9th
Zacks Investment Research has identified three stocks with strong value characteristics for investors to consider. These include Garrett Motion Inc., a turbocharger and electric-boosting technology company; Playtika Holding Corp., a mobile game developer; and Owens & Minor, Inc., a healthcare solutions company. All three companies have witnessed an increase in the Zacks Consensus Estimate for their current year earnings over the last 60 days and possess a Value Score of A.
Investment
Best Growth Stocks to Buy for May 9th
growth-positive
Best Momentum Stocks to Buy for May 9th
Aquestive Therapeutics, Inc. is a pharmaceutical company that has experienced a significant increase in its Zacks Consensus Estimate for its current year earnings. The companys shares have gained 158.6% over the last three months, outperforming the S&P 500. Aquestive Therapeutics has a Momentum Score of A. The article also mentions two other stocks with strong momentum characteristics: Playtika Holding Corp., a mobile game developer, and Woodward, Inc., a control solutions company for the aerospace and industrial markets.
Investment
Top Video Game Stocks for Q2 2023
Playtika Holding (PLTK) Q1 Earnings and Revenues Surpass Estimates
growth-positive
Playtika Holding Corp. Reports Q1 2023 Financial Results
Playtika Holding Corp. has released its financial results for the first quarter of 2023. The company reported a total revenue of $656.2 million and a net income of $84.1 million. Despite a decrease in year-over-year revenue, the company saw an increase in its average payer conversion to 3.6%. The companys CEO, Robert Antokol, highlighted the companys ability to deliver personalized immersive entertainment experiences to millions of players each day. The company reaffirmed its guidance for the fiscal year, with revenue expected to be between $2.570 - $2.620 billion.
Customers
growth-negative
Private companies are Playtika Holding Corp.'s (NASDAQ:PLTK) biggest owners and were hit after market cap dropped US$273m
The article discusses the ownership structure of Playtika Holding Corp. and its impact on the company. Private companies own 55% of the company, while institutional investors hold a good portion of the stock. Hedge funds have a minimal investment in the company. Alpha Frontier Ltd. is the largest shareholder with 50% ownership. Insiders also own a significant amount of shares. The general public holds a 21% stake, while public companies hold 3.5%. The article suggests considering other factors to understand the company better and mentions three warning signs for Playtika Holding. The article does not provide a specific date for the events described.
Customers
growth-positive
Wynn Resorts (WYNN) Expected to Beat Earnings Estimates: Should You Buy?
Wynn Resorts is expected to report an increase in earnings and higher revenues for the quarter ended March 2023. The consensus EPS estimate has been revised higher, indicating positive sentiment among analysts. The companys Earnings ESP is +105.69%, suggesting a likely beat of the consensus estimate. However, its important to consider other factors that may impact the stocks performance. Playtika Holding, another player in the gaming industry, is also expected to report earnings, but with a decrease in EPS and revenues.
Public Trading
10 Best Mobile Gaming Stocks to Buy Now
Playtika Holding (PLTK) Expected to Beat Earnings Estimates: Should You Buy?
Playtika’s Portfolio of Games Claims Prestigious Recognition in Season 1 of the 2023 NYX Game Awards!
Double the Fun: Slotomania and Family Feud Team up for Ultimate Gaming Combo
How AI Is Building the Next Blockbuster Videogames
Playtika Announces Date of First Quarter 2023 Results Conference Call
growth-positive
Playtika Attracts Fresh Interest From Buyout Firms
Mobile game developer Playtika Holding Corp. has attracted renewed takeover interest from private equity buyers. The company, which previously announced a strategic review, has been working with advisers and the process has regained momentum. No agreement has been reached yet.
Acquisition
Playtika Holding Corp.'s (NASDAQ:PLTK) Intrinsic Value Is Potentially 65% Above Its Share Price
growth-negative
Playtika ends talks to buy Angry Birds
Israeli mobile games company Playtika has ended preliminary discussions to buy Rovio Entertainment, the producer of Angry Birds. Playtika had submitted a non-binding proposal to buy Rovio shares for €9.05 each, a 60% premium on the then share price. Playtika is traded on Nasdaq with a market cap of $4 billion. In 2022, private equity firm Joffre Capital bought a 25.7% stake in Playtika for $2.2 billion. Playtikas revenue in 2022 was $2.6 billion, up only 1.3% from 2021. The article was published on March 22, 2023.
Acquisition
Growth-Negative
Preliminary Discussions Between Rovio and Playtika Have Ended
Playtika Holding Corp., a leading mobile gaming company, announced that it had submitted a revised non-binding proposal to acquire Rovio Entertainment Corporation. However, preliminary discussions between Rovio and Playtika have now ended. The announcement came after Rovios Board of Directors decided to commence a strategic review and enter into preliminary non-binding discussions with certain parties, including Playtika.
Acquisition
growth-negative
Game over: Playtika's Israeli studio shuts down for good | CTech
Playtikas Israeli studio Jelly Button has been closed permanently, resulting in layoffs of 610 employees. Playtika acquired Jelly Button in 2017 to enter the casual games genre. The closure of the studio was not officially announced by Playtika, but sources have confirmed it. The employees were aware of the layoffs before the official announcement, causing unpleasant situations. Playtikas recent investment in the Turkish gaming company Ace Games suggests a change in strategy to become an external investor and publisher of games. Playtika has been trying to shift away from its reputation as a social casino company and focus more on casual games, but the corporate culture and management have hindered the transformation.
Layoffs
growth-positive
Playtika tables 683 million euro offer to acquire Angry Birds creator Rovio | CTech
Playtika has submitted a revised proposal to acquire Rovio Entertainment Corporation, the creator of Angry Birds, for 9.05 euro per share in cash, valuing the company at 683 million euro. The offer price represents a premium of about 60% to Rovios closing price. Playtika believes the acquisition will create value for its shareholders. Playtika recently laid off 610 employees, accounting for 15% of its workforce. In June, Joffre Capital pulled out of a deal to purchase a 25.5% share in Playtika. Playtika went public in January 2021 at an $11.1 billion valuation and currently has a market cap of around $3.4 billion.
Acquisition
growth-negative
Playtika confirms lay off of 610 employees, 15% of team | CTech
Playtika, the gaming giant, is laying off 610 employees, accounting for 15% of its workforce. The company plans to redeploy staff, wind down non-core initiatives, and consolidate studios for greater efficiency. Playtikas CEO cited the need to position the company for the future and return to its roots of excellence. Three game titles have been removed from the pipeline. In addition to the layoffs, Joffre Capital pulled out of a deal to purchase a 25.5% share in Playtika. The company went public in January 2021 at an $11.1 billion valuation but currently has a market cap of $3.1 billion. Playtika was founded in 2010 and was acquired by Caesars Entertainment Corporation in 2011 before being acquired by a Chinese consortium in 2016.
Layoffs
growth-positive
"The pace of investments has decreased, but not with us. We are looking for companies in distress" | CTech
Playtika, a gaming company, has experienced a shift in its revenue sources, with casual games becoming its main growth engine. The company has been acquiring casual game makers to expand into this sector. Playtikas Chief Strategy Officer, Eric Rapps, explains that the company decided to enter the casual games market because it had reached its peak in the social casino field and believed its expertise could be applied to other genres. Playtika has also invested in an NFT game and is exploring the potential of blockchain technology in the gaming industry. The company is focused on creating a good entertainment experience rather than a play-to-earn model. Playtika has a diversified investment portfolio and aims to be the leading player in the gaming industry in Israel and the West.
Acquisition
growth-positive
Playtika Announces Extension of Announced Tender Offer
Playtika Holding Corp. has extended the expiration of its tender offer to purchase shares of its common stock. The offer allows for the purchase of up to 51,813,472 shares at a price of $11.58 per share. As of now, approximately 217,149,286 shares have been tendered for purchase. The extension of the offer does not change any other terms and conditions. Playtikas management and board members do not make any recommendations regarding participation in the tender offer.
Investment
growth-positive
Playtika expands its casual gaming portfolio with the launch of game-changing Merge Stories!
Israeli-based Jelly Button, a Playtika studio, has announced the global launch of Merge Stories, a new free-to-play casual mobile game that combines merge gaming and battle play with 3D graphics. The game allows players to build their own kingdoms, raid enemy lands, discover new territories, and protect their kingdom. Merge Stories is a reflection of Playtikas work to expand into new genres and approach all kinds of audiences with new experiences. The game is now available globally in multiple languages. Jelly Button, a subsidiary of Playtika Holding Corp., is known for its popular game Pirate Kings.
Customers
Playtika Announces Commencement of Tender Offer to Purchase up to 51,813,472 Shares of its Common Stock
Growth-Negative
הצמיחה בהכנסות פלייטיקה כמעט נעצרה; משחקי הקז'ואל הפכו למנוע ההכנסות העיקרי | כלכליסט
Playtika, an Israeli gaming company, reported almost zero growth in its Q2 2022 revenues, which remained nearly identical to the same period last year at around $660 million. The companys net profit dropped by about 60% to $36 million. Playtikas main revenue came from casual games, which grew by 10% compared to last year. The company was listed in January 2021 with a valuation of $11 billion, but its stock value has since dropped by about 52%. In May, Playtika announced the layoff of 250 employees, about 6% of its workforce, as part of a decision to close its development centers in London and Montreal.
CustomersLayoffs
growth-positive
Joffre Capital Said to be Seeking Financing to Gain Playtika Control - Bloomberg By Investing.com
Joffre Capital is seeking financing to support a possible bid for control of Playtika Holding Corp. The company is considering increasing its stake in Playtika to become the majority shareholder. Joffre has been in talks with lenders about funding the potential deal. In June, Joffre acquired a minority stake in Playtika, and Playtika has been evaluating strategic alternatives, including a sale of the company. Playtika shares are down more than 2% following the report.
InvestmentAcquisition
growth-negative
Playtika to lay off 250 employees in North America and Europe CTech
Gaming giant Playtika is closing its R&D centers in London and Montreal and transferring the activity of its Los Angeles studio to Israel and Poland. As a result, the company will lay off 250 employees, around 6% of its total workforce. The closure of the R&D centers will not affect Playtikas activity in Israel, Germany, or its other R&D centers. Playtika is currently evaluating potential strategic alternatives, including a sale of the company. The company went public at an $11 billion valuation but is currently traded at a market cap of around $6 billion.
Layoffs
growth-positive
Playtika Acquires JustPlay.LOL Playtika
Playtika Holding Corp. has announced the acquisition of JustPlay.LOL, an Israel-based company known for its multiplayer game, 1v1.LOL. This acquisition is part of Playtikas growth strategy to expand into the Action and Battle Royale genres. The company plans to leverage its Boost platform to enhance game operations and grow revenue. JustPlay.LOL has built a strong community of engaged users, and Playtika aims to further expand this base and enhance the entertainment experience.
Acquisition
growth-negative
Playtika looking for a buyer just one year after IPO CTech
Israeli gaming company Playtika has announced that it is evaluating potential strategic alternatives, including a sale of the company. Playtika went public at an $11 billion valuation but is currently being traded at a market cap of around $7.3 billion. The companys board initiated the evaluation process after releasing its earnings report, which showed a growth rate of 9% in 2021. Playtika is a profitable company with a net income of $308.5 million. It has cash and cash equivalents totaling $1.1 billion. If acquired, Playtika is likely to be sold for over $10 billion. The company employs 3,700 people worldwide, including 850 in Israel.
AcquisitionPublic Trading
growth-negative
למרות נפילת המניה: מנכ"ל פלייטיקה יקבל בונוס של 6 מיליון ד
Playtika, an Israeli gaming company, has seen a decline in its stock value since its initial public offering on Wall Street a year ago. The companys stock is currently 34% lower than its IPO price, reflecting a market value of $7.3 billion. Despite this, the companys senior management have been approved generous bonuses for 2021, including a $6 million bonus for the CEO and founder, Robert Antokol. The companys controlling shareholder, a Chinese consortium, is reportedly considering selling part of its shares in Playtika.
Management ChangesPublic Trading
growth-negative
Playtika market cap plunges $3b on weak Q3 results
Israeli mobile gaming company Playtika Holding Corp. has seen a 25% drop in its stock price on Wall Street after publishing weaker than expected financial results for Q3 2021. The companys market cap has decreased by $3 billion. Playtika missed revenue forecasts and lowered its guidance for 2021. The CEO mentioned product investments and expansion plans as opportunities for future growth.
Customers
growth-positive
Playtika's Wooga launches Switchcraft story-based mobile game
Playtikas game studio Wooga has launched Switchcraft, a narrative-based match-3 game. This is the first new game launched by Wooga since Playtika went public at an $11 billion valuation in January. Switchcraft has over 1,000 levels and is available on iOS and Android in 13 languages. The game targets an underserved segment with its emphasis on storytelling and diverse characters. Playtika is investing in technologies like machine learning to improve user retention and acquisition. Woogas top game, Junes Journey, has shown that players are interested in long-term mystery narratives. Playtika can help Wooga acquire more users with its large user base. Wooga has about 300 employees and is working on multiple games.
Customers
growth-positive
Playtika entering home design market with $600 million acquisition of Reworks
Israeli gaming company Playtika is acquiring Finland-based mobile apps company Reworks Oy for $600 million. The acquisition is expected to contribute approximately $30 million to Playtikas 2021 revenue. Reworks is the maker of the hit design entertainment app Redecor, which has become the No. 2 design entertainment app based on in-app purchase revenue. Playtika sees Home Décor as a category that appeals to a similar demographic as its existing user base. The company aims to establish a leading presence in the Home Décor market and expand into further areas beyond traditional gaming.
Acquisition
growth-positive
פלייטיקה מגייסת מעל 100 עובדים ופותחת "אקדמיה" להכשרת מועמדים -
Israeli gaming company, Plaitekha, is expanding and currently recruiting over 100 employees in various fields. The company is also offering training programs for candidates with no prior experience in the gaming industry. Plaitekha aims to hire employees from diverse backgrounds and provides concentrated training for core positions. The company, which is valued at over $11 billion, offers 10% of its job openings to candidates without relevant experience, assessing their creativity and personal potential. The recruitment campaign is accompanied by a street and digital advertising campaign with the messages Life needs Play and Infinite ways to Play.
Expand
growth-neutral
כלכליסט - דף הבית - הודעת שגיאה
The article is about the website כלכליסט, providing information about its features, services, and sections. It mentions the different topics covered on the website, such as news, finance, technology, and more. The article also includes links to various sections and services offered by כלכליסט, such as פודקאסט and דואר אדום. Overall, the article provides an overview of כלכליסט and its offerings.
growth-positive
Playtika launches specialized employee onboarding app
Israeli gaming company Playtika Ltd. has launched a user-friendly candidate onboarding app to assist new candidates throughout the interview process. The app helps candidates keep track of the different stages of their interviews, providing them with information ahead of each step in an interactive format. It allows users to view information about the duration of each step, interviewers, and resources to prepare for the questions. The app also includes videos that offer insight into what its like to work at Playtika. The company aims to create a positive experience for candidates and ensure readiness for each step. Playtika is a leading gaming company with over 35 million players and employs 3,700 people worldwide.
Expand
growth-positive
Playtika Holding Corp. Reports Fourth Quarter 2020 Results
Playtika Holding Corp. has reported a 17.5% YoY growth in Q4 2020 revenue and a 25.6% YoY growth for the full year 2020. The company also completed a $2.16 billion Initial Public Offering. Q4 revenue was $573.5 million, up from $488.2 million in the same period last year. Net income was $76 million, compared to $30 million in the prior year period. For the full year 2020, revenue was $2,371.5 million, up from $1,887.6 million in the prior year. The company anticipates revenue of $2.44 billion and Adjusted EBITDA of $920 million for 2021.
Public Trading
growth-positive
Playtika jumps on first day trading to $13b valuation
Playtika Holdings Corp., a gaming company, experienced a growth-positive impact after conducting the largest-ever IPO held by an Israeli company. On its first day of trading, the companys stock rose 17.11%, resulting in a market cap of $13.052 billion. Playtika raised $500 million through the IPO, and the Chinese consortium, which acquired the company in 2016 for $4.4 billion, sold shares worth $1.38 billion. Playtikas CEO, Robert Antokol, highlighted the companys three engines of growth: organizational growth, acquisitions, and technology development. However, potential risks include dependence on Apple, Facebook, and Google for over 80% of its revenue and regulatory or legal restrictions on interactive social games. In the first nine months of 2020, Playtika generated 57.4% of its revenue from casino games and 42.6% from casual games.
Public TradingInvestment
growth-positive
"We aim to be the largest gaming company in the world," says Playtika CEO
Israeli-based mobile gaming company Playtika, founded in 2010, went public on the NYSE with a valuation of $11.7 billion. The company aims to become the largest gaming company in the world. Playtikas IPO was driven by its controlling shareholder, Chinese consortium Alpha Frontier, which sold $1.3 billion of the companys shares. Despite the COVID-19 pandemic, Playtika experienced a 28.5% increase in revenues. The company is not concerned about the future decline in demand for gaming products and believes fluctuations in revenue will not have a significant impact on its operations. Playtika also plans to recycle its $2.4 billion debt and continue growing through acquisitions.
Public TradingInvestment
growth-positive
Israeli gaming co Playtika holds Nasdaq IPO at $11b valuation
Israeli mobile gaming company Playtika has held its initial public offering (IPO) on Nasdaq, raising nearly $1.9 billion at $27 per share. The offering consisted of shares offered by Playtika and an existing stockholder. Playtika will not receive any proceeds from the sale of shares by the selling stockholder. The underwriters have an option to buy additional shares. Playtika was founded in 2010 and has experienced significant revenue growth. The company has nearly 30 million monthly active users and is known for its casino-themed games and apps for poker and solitaire.
Public Trading
growth-positive
https://www.jpost.com/israel-news/israeli-gaming-firm-playtika-eyes-us-listing-of-nearly-10b-654616
Playtika Holding Corp, owned by a Chinese investor group, plans to raise $1.67 billion in its US IPO, valuing the company at nearly $10 billion. The IPO aims to capitalize on the increased demand for mobile gaming during the COVID-19 pandemic. Playtikas move to go public comes as US-listed Chinese firms face stricter scrutiny and audit norms from US regulators. The company, known for its casino-themed games, has more than 35 million monthly active users and plans to list on the Nasdaq under the ticker symbol PLTK.
InvestmentPublic Trading
growth-positive
Mobile game giant Playtika files for an IPO
Israel-based mobile gaming giant Playtika has filed for its long-awaited initial public offering (IPO). The company, known for its social casino games, has over 35 million monthly active users and 12 million daily active users. Playtika has applied to list its common stock on the Nasdaq Global Select Market. The number of shares to be offered and the price range have not yet been determined. Morgan Stanley and Credit Suisse will act as lead bookrunners for the proposed offering. The company was founded in 2010 and has over 3,700 employees worldwide. Playtika has made several acquisitions and is owned by Alpha Frontier, a consortium of investors.
Public Trading
growth-positive
Mobile games co Playtika files for $10b valuation IPO
Israel-based mobile games company Playtika has submitted a confidential filing for an IPO on Wall Street. Playtika aims to raise $1 billion at a company valuation of $10 billion. The company was acquired by a Chinese consortium in 2016 for $4.4 billion. Playtika has 4,000 employees worldwide and claims to have over 27 million monthly active users.
Public Trading
growth-positive
Playtika plans Wall Street IPO at $10b valuation - report
Israeli mobile gaming company Playtika has hired investment banks to prepare for a $1 billion US public offering at a $10 billion company valuation. The company, known for its casino-themed games and apps, has seen a surge in the mobile gaming sector during the COVID-19 lockdown. Playtika was previously acquired by a Chinese investment group for $4.4 billion, which may pose a challenge for the IPO due to US-China relations. The event described in the article occurred on June 3, 2020.
Public Trading
growth-positive
Playtika Recruits 70 new Employees, Launches Coffee Shop for the Company's Workers
Israel-based online gaming company Playtika Ltd. is recruiting 70 additional team members and has brought its employees back to work from the office. The company also opened a cafe that will serve as a meeting place and venue for professional events for company employees. The company is currently recruiting employees for about 70 open positions in a variety of fields. Playtika is owned by Chinese consortium Alpha Frontier Ltd., which acquired it in 2016 for $4.4 billion.
Expand
growth-positive
With Employees Working Remotely, Playtika Donates Food Budget to Senior Citizens
Israeli online gaming company Playtika Ltd. has shifted to a remote work model due to the Covid-19 outbreak. As a result, the company will donate its weekly food budget to disadvantaged populations and older citizens who have been asked to remain home. Playtika will finance 1,000 food baskets filled with essential products to be donated to eight different organizations and charities in Israel. The baskets will be packed and delivered by catering company Yarzin Sella Management & Holdings. Playtika, owned by Chinese consortium Alpha Frontier Ltd., develops free-to-play virtual casino applications and online games with over 27 million monthly active users.
Customers
growth-positive
Playtika hires 100, leases Herzliya offices
Israeli online games developer Playtika has leased additional office spaces in Herzliya Pituach and hired 100 new employees in Israel. The company, which was acquired by a Chinese consortium for $4.4 billion in 2016, now has a total of 3,000 employees worldwide, with 800 of them in Israel.
Expand
growth-positive
Chinese-Owned Playtika Mulls IPO, Reports Say
Chinese-owned Israeli online gaming company Playtika Ltd. is considering going public after a failed merger plan with Shenzhen-listed Giant Network Group. Playtika is now seeking an initial public offering on an undisclosed western stock exchange. The company, owned by Chinese consortium Alpha Frontier Ltd., develops free-to-play virtual casino applications and online games, with over 27 million monthly active users. Playtika was founded in 2010 and is headquartered in Herzliya, Israel. It employs over 3,000 people across 18 global offices, with 800 employees based in Israel. Playtika recently acquired Finnish mobile game publisher Seriously Digital Entertainment Ltd. for an estimated $275 million. The company is also expanding its operations in Israel and plans to recruit 100 new employees in development, analytics, and marketing roles.
AcquisitionExpand
growth-positive
Playtika Leases Two New Offices, Plans to Expand With 100 New Hires
Israel-based online gaming company Playtika Ltd. is expanding its operations in Israel. The company is looking to recruit 100 development, analytics, and marketing employees and has leased 3,800 square meters of new office space in Herzliya. Playtika was acquired by Caesars Interactive Entertainment in 2011 for $90 million and then sold to a Chinese consortium in 2016 for $4.4 billion. In August, Playtika acquired Finnish mobile game publisher Seriously for an estimated $275 million.
Expand
growth-positive
Playtika acquires Best Fiends mobile game publisher Seriously
Israeli social casino gaming giant Playtika has acquired Finnish mobile game publisher Seriously. The acquisition is expected to have a positive impact on Playtikas growth. Seriously is the publisher of the popular mobile game Best Fiends, which has close to 100 million downloads and nearly 2 million daily active users. The acquisition will allow Playtika to scale up in technology, performance marketing, analytics, and live operations. The purchase price of the acquisition was not disclosed, but it is rumored to be $275 million. Playtika, which was acquired by Chinese game companies and investors for $4.4 billion in 2016, has been actively acquiring companies in the mobile gaming industry.
Acquisition
growth-positive
Playtika Sets Up New Team to Create the Next Candy Crush
Israel-based online games company Playtika Ltd. has launched an independent division dedicated to the rapid development of casual games. The company plans to release several new games every year with the goal of creating the next blockbuster game. The division, called Casual Games Lab, is based on Playtikas 2017 acquisition of Jelly Button Ltd. and currently employs 150 people. The lab is located in Tel Aviv and has 135 employees, with 15 based in London. Playtika, founded in 2010, has over 2,500 employees and its titles have over 27 million monthly active users. The company was acquired by a Chinese consortium in 2016 for $4.4 billion.
Expand
growth-positive
Playtika acquires casual card game developer Supertreat
Playtika, a social casino game giant, has acquired Supertreat, a creator of card games on mobile devices. The acquisition is part of Playtikas ongoing plan to diversify across the $60 billion mobile games market. This comes after Playtikas acquisition of German casual game publisher Wooga for more than $100 million. As part of the acquisition, Playtika will add the successful “Solitaire Grand Harvest” app to its growing portfolio of casual game titles. Financial terms of the transaction were not disclosed.
Acquisition
growth-positive
Playtika buys German games co Wooga
Israeli gaming company Playtika has acquired Berlin-based casual games company Wooga for over $100 million. Wooga develops casual gaming games such as puzzles and hidden objects and has undisclosed sales. Playtikas total annual revenue is estimated to surpass $1 billion after the acquisition. Playtikas strategy is to diversify its games portfolio and enter additional game genres, particularly casual gaming. The acquisition positions Playtika as a global leader in the casual games category. Playtika was founded in 2010 and has been acquired multiple times in the past. Woogas acquisition adds to Playtikas growth and revenue.
Acquisition
growth-positive
Why Playtika has created a warchest to invest up to $400 million in companies around the world
Playtika Growth Investments, a venture fund, aims to accelerate Playtikas evolution into a broader consumer internet business. The company, known for its social casino games, wants to expand into casual games, apps, and other industries. Playtikas DNA is focused on data and analytics, rather than being a traditional games company. The fund is looking to invest in games businesses globally, as well as consumer internet companies in various sectors. Playtika offers its portfolio companies access to its managerial and transactional expertise, as well as operational resources. The company prefers to invest in companies with over $10 million in revenue. Playtika has a history of acquisitions and is actively seeking companies in the casual games, midcore games, RPGs, and non-games consumer-facing apps sectors. Playtika sees Israel as an important market and actively seeks new investments there.
InvestmentAcquisition
growth-positive
Gambling firm Playtech seeks to buy Italian firm for $1.05 billion
Playtech Plc, owned by Israeli billionaire Teddy Sagi, has offered to buy Italian betting and gaming firm Snaitech SPA for €846 million in cash and debt. The acquisition will create a leading vertically integrated retail and online Italian gaming business for Playtech, helping the company establish a strong presence in Italys growing gaming market. The initial stage of the acquisition is expected to be completed in the third quarter of the year, subject to regulatory and shareholder approvals.
Acquisition
growth-positive
Playtika leases offices in Azrieli Sarona tower
Israeli games developer Playtika Ltd. is hiring 100 new employees for its new Tel Aviv office. The company has also signed an agreement to lease office space in the Azrieli Sarona tower. The new employees will work on the Jelly Button series of games and the Playteka Growth Investments fund. The hiring is a result of the companys major growth and recent acquisitions. Playtika currently has 400 employees in its Herzliya headquarters and 1,800 in other offices worldwide.
Expand
growth-positive
Games developer Playtika to invest up to $400 million in Israeli tech
Mobile games developer Playtika Ltd is setting up a new business called Playtika Growth Investments, which plans to invest up to $400 million in Israeli digital entertainment and consumer internet firms as well as games companies globally. The company, which has spent over $300 million acquiring more than 10 companies since its founding, was acquired in 2016 by a Chinese private equity consortium led by Giant Network Group for $4.4 billion. Playtika has annual revenue of over $1.1 billion and employs over 1,700 people in 10 countries. The first investment from Playtika Growth Investments is expected to be made within six to 12 months.
Investment
growth-positive
World Series of Poker: How Playtika's Montreal team has kept the mobile game on top
Israel-based social casino games company Playtika, which was acquired by a Chinese consortium for $4.4 billion last year, has grown its revenue by 26% from a year ago to an estimated $306 million in the most recent quarter. The company, which has about a quarter of the $4.2 billion social casino games market, has been growing its World Series of Poker property through aggressive user acquisition, live operations such as new kinds of tournaments, and big efforts to retain players. Playtikas World Series of Poker office in Montreal is home to more than 100 employees.
Acquisition
growth-positive
Playtika acquires social games co Jelly Button
Playtika has completed its acquisition of Israeli company Jelly Button for a sum in the tens of millions of dollars. This is Playtikas 10th acquisition and part of its strategy to diversify its games catalogue and lead the table games market. Jelly Button is known for its casual games that attract tens of millions of users. Playtika plans to leverage its resources and expertise in monetization to take Jelly Buttons games to the next level. The acquisition is expected to benefit both companies and their players.
Acquisition
growth-positive
Israeli gaming giant Playtika acquires adtech firm Aditor - Tech.eu
Playtika, Israels largest gaming company, has acquired Aditor, an Israeli adtech company, for an amount reportedly less than $10 million. Aditor has developed PredictAI, a product that allows companies to reach specific audiences through targeted advertising and easily manage ad campaigns. Playtika is expected to use PredictAI to help market its games.
Acquisition
growth-positive
Chinese group buys Israeli co Playtika for $4.4b
Chinese consortium acquires Israeli social games company Playtika from Caesars Interactive Entertainment for $4.4 billion in cash. Playtika will remain an independent unit managed from Herzliya. Playtikas revenue reached $725 million in 2015 and $218.2 million in Q1 2016.
Acquisition
growth-positive
Caesars receives $4b bids for Playtika - report
US gambling giant Caesars is considering selling social games company Playtika, which it acquired in 2011 for $100 million. The Wall Street Journal reported that Caesars has hired an investment bank to handle offers for Playtika, which is valued at $4 billion. Playtika has become the worlds leading player in the social games niche, with $725 million in revenue last year. Caesars EBITDA for its online business totaled $89.3 million profit in Q1 2016, with most of it attributable to Playtika. Playtika has a 40% profit margin and $350 million in annualized EBITDA. The company has six games and over 1,300 employees. Caesars is considering selling Playtika due to liquidity problems in its conventional business.
Acquisition
growth-positive
Playtika CEO explains how games have arrived in Israel
Playtika, Israels largest game company, has experienced significant growth in the gaming industry. The company, which was acquired by Caesars at a valuation of $150 million in 2011, now has over 20 million monthly active users and offices in multiple countries. The CEO, Robert Antokol, aims to position Playtika as a role model for the industry and encourage other game companies in Israel to follow suit. Antokol was a key speaker at the recent Casual Connect Tel Aviv event, where he discussed the companys success and future plans.
Expand
growth-positive
Gaming co Playtika buys start-up Big Blue Parrot
Israeli company Playtika has acquired Israeli start-up Big Blue Parrot, a developer of social games for mobile. The deal is estimated to be worth about $10 million. This is Playtikas fifth acquisition and its second of an Israeli company. Big Blue Parrot, known for its game Poker Friends, raised $2.5 million from investors and will now operate under Playtika. The acquisition is seen as a strategic move to acquire talent rather than the game itself.
Acquisition
growth-positive
https://vegasinc.lasvegassun.com/business/gaming/2013/jun/11/caesars-interactive-takes-over-world-series-poker-/
Caesars Interactive Entertainment Inc. has acquired the rights and ownership of the popular World Series of Poker mobile application. The acquisition is aimed at expanding the companys presence in free-to-play social and mobile gaming. The deal includes the addition of a Montreal-based team of 19 employees that will form the core of the companys new social poker development studio. The developers will report to the companys Playtika division, a leader in free-to-play social games.
CustomersPartnersExpand
growth-positive
Playtika owner Caesars Interactive acquires social gaming product Bingo Blitz
Caesars Interactive Entertainment has acquired Bingo Blitz and Buffalo Studios, LLC, a social and mobile gaming business. The acquisition is the second recent deal by Caesars Interactive in the social games space. The purchase price was not disclosed. Caesars Interactive will integrate Bingo Blitz and Bingo Rush into its Playtika subsidiary and retain 74 full-time employees at Buffalo Studios.
AcquisitionPartners
Playtika Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 3294 |
| Team members | 7 |
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Admin Info
| Confidence | 103/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 514434133 |
| Crunchbase | playtika |
| Phone | +972733993800 |
| Creator | Sharon Shapira |
| Creator email | shapira.sharon2@gmail.com |
| Last updater | Matan Eblagon |
| Updater email | matane@sncentral.org |
| Last update | 2024-03-24T00:00:00.000Z |
| Created | 2014-10-22T00:00:00.000Z |
| Status detail | Acquired by Caesars Interactive Entertainment on May, 2011 |