Welcome to our dedicated page for Playtika Holding news (Ticker: PLTK), a resource for investors and traders seeking the latest updates and insights on Playtika Holding stock.
Playtika Holding Corp (NASDAQ: PLTK), a leader in free-to-play mobile gaming, maintains this dedicated news hub for investors and industry observers. Access official press releases and curated updates about product launches, financial results, and strategic initiatives.
This resource consolidates all essential PLTK developments including earnings announcements, partnership agreements, and game portfolio expansions. Monitor updates about the company's social casino innovations, technology advancements, and global market activities.
Key updates typically include quarterly financial disclosures, leadership changes, game feature enhancements, and analyses of mobile gaming trends. Subscribers and returning visitors benefit from structured presentation of operational milestones and corporate communications.
Bookmark this page for streamlined tracking of Playtika's progress in interactive entertainment. Combine these verified updates with broader market research for informed decision-making in the dynamic mobile gaming sector.
Playtika Holding Corp. (NASDAQ: PLTK) reported its Q4 2022 and full-year financial results, achieving a 1.3% increase in annual revenue at $2.615 billion. Q4 revenue was $631.2 million, down 2.7% year-over-year, with direct-to-consumer platforms revenue showing a 6.6% increase to $150.2 million. Net income fell to $87.5 million from $102.3 million in the previous year. The Credit Adjusted EBITDA was $202.6 million, up 15%. For FY23, the company expects revenue between $2.570-$2.620 billion. Total cash as of Dec 31, 2022, was $768.7 million.
On February 7, 2023, Playtika Holding Corp. (NASDAQ:PLTK) announced it will release its financial results for the fourth quarter and full-year 2022 before U.S. markets open on February 28, 2023. Following the release, Playtika management will host a conference call at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) to discuss the results. Investors can access the live webcast and earnings materials on Playtika’s Investor Relations website.
Founded in 2010, Playtika is a leading mobile gaming entertainment and technology company based in Herzliya, Israel, known for its innovative free-to-play social games.
Playtika's Caesars Slots is launching a Lucky Month promotion, introducing new features and in-app gifts. The campaign includes a 30-second commercial featuring TV personality Ty Pennington, showcasing common superstitions and encouraging players to embrace luck in the game. This is part of a broader marketing strategy including new machines and free slots. The collaboration with Pennington also involves an in-app design feature stemming from a previous successful campaign. Playtika aims to enhance user engagement with this innovative approach in their popular game.
Playtika Holding Corp. (NASDAQ: PLTK) has made a revised non-binding proposal to acquire Rovio Entertainment Corporation for EUR 9.05 per share, a 55% premium over Rovio’s closing price on
Joffre Capital announced its inability to proceed with the pre-closing of a stock purchase agreement to acquire 106,102,467 shares of Playtika (PLTK) due to governance issues within the company. Co-Founder James Lu resigned from the Board, citing significant governance deficiencies, lack of Board responsiveness, and conflicts of interest due to management control. Lu expressed disappointment over the halted acquisition, emphasizing the Board's failure to address critical governance practices. Joffre is now seeking to recover its initial payment related to the agreement.
Playtika Holding Corp. (NASDAQ: PLTK) announced an extension for its Option Exchange offering period from December 12, 2022, to December 15, 2022, allowing eligible service providers to exchange stock options for restricted stock units. To date, 7,436,975 options have been tendered for this exchange. The terms of the exchange remain unchanged, and no recommendation has been made regarding participation. Potential risks related to the Option Exchange include timing uncertainties and possible impacts on the company's operations and relationships.
Playtika Holding Corp. (NASDAQ: PLTK) reported third quarter 2022 revenue of $647.8 million, a 1.9% increase from the previous year. The casual portfolio grew by 14.4%, now representing 54.9% of total revenue, while the social casino portfolio declined by 10.2%. Net income dropped to $68.2 million from $80.5 million year-over-year, with adjusted EBITDA at $230.7 million. The company purchased $600 million in shares, reducing outstanding shares by 51.8 million.
Looking ahead, Playtika anticipates full year 2022 revenue to be between $2.60 and $2.66 billion.
Playtika Holding Corp. (NASDAQ:PLTK) will announce its third quarter 2022 financial results on November 8, 2022, before U.S. markets open. A conference call to discuss these results is scheduled for 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) on the same day. Investors can access a live webcast of the call and earnings materials on Playtika's Investor Relations website. Founded in 2010, Playtika is a leader in mobile gaming and offers a diverse portfolio of game titles.
Playtika Holding Corp. (NASDAQ: PLTK) has concluded its tender offer to buy back 51,813,472 shares at $11.58 each, totaling $600 million. The offer, which finished on October 3, 2022, saw significant interest, with 73,905,922 shares tendered. As a result, Playtika purchased approximately 70.1% of the shares tendered. Following this transaction, the company will have around 360,922,005 shares outstanding. The tender offer was managed by American Stock Transfer & Trust Company, LLC, with D.F. King & Co. serving as the information agent.
