Overview
Israel's Playtika Holding Corp Q2 revenue up 11% yr/yr, misses analyst expectations, per LSEG data
Adjusted net income falls 82% sequentially and 91.4% yr/yr
Operating income of $109.7 mln beats analyst expectations, per LSEG data
Outlook
Playtika revises revenue guidance to $2.70-$2.75 bln for 2025
Company maintains Adjusted EBITDA guidance between $715-$740 mln
Playtika increases long-term DTC target to 40% from 30%
Result Drivers
DISNEY SOLITAIRE SUCCESS - Co attributes $100 mln annual run-rate revenue to Disney Solitaire launch
BINGO BLITZ ENGAGEMENT - Strong engagement and growth in DTC revenue for Bingo Blitz, per CEO Robert Antokol
DTC STRATEGY - Co increases long-term DTC revenue target to 40% to balance margins, per CFO Craig Abrahams
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $696 mln | $705.40 mln (10 Analysts) |
Q2 Net Income | Miss | $33.20 mln | $47 mln (8 Analysts) |
Q2 Credit Adjusted EBITDA | Miss | $167 mln | $176.70 mln (9 Analysts) |
Q2 Operating Income | Beat | $109.70 mln | $102.90 mln (9 Analysts) |
Q2 Credit Adjusted EBITDA Margin | 24.0% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Playtika Holding Corp is $6.00, about 27.5% above its August 6 closing price of $4.35
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nGNX5WBxPL
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)