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PLTK

Playtika Holding Corp.

PLTK

Playtika Holding Corp. • NASDAQ
$4.05 ▲ 0.00% (+0.00)
Market Cap $1.52 B
52w High $8.74
52w Low $3.31
Dividend Yield 0.40%
P/E 16.88
Volume 578.91K
Outstanding Shares 376.06M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $674.6M ▼ $357.8M ▼ $39.1M ▲ 5.796% ▲ $0.11 ▲ $152.9M ▲
Q2-2025 $696M ▼ $390.5M ▼ $33.2M ▲ 4.77% ▲ $0.088 ▲ $142.6M ▲
Q1-2025 $706M ▲ $440.8M ▲ $30.6M ▲ 4.334% ▲ $0.082 ▲ $133.9M ▲
Q4-2024 $650.3M ▲ $416.2M ▲ $-16.7M ▼ -2.568% ▼ $-0.045 ▼ $108.3M ▼
Q3-2024 $620.8M $355.2M $39.3M 6.331% $0.11 $142.1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $642.3M ▲ $3.688B ▲ $3.763B ▲ $-74.8M ▲
Q2-2025 $592.1M ▲ $3.637B ▲ $3.725B ▲ $-87.8M ▲
Q1-2025 $514.3M ▼ $3.577B ▼ $3.694B ▼ $-117.2M ▲
Q4-2024 $565.8M ▼ $3.639B ▲ $3.77B ▲ $-131.1M ▼
Q3-2024 $1.202B $3.189B $3.287B $-98M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $39.1M ▲ $116.9M ▼ $19.4M ▲ $-48.2M ▲ $87M ▲ $106.5M ▼
Q2-2025 $33.2M ▲ $146.1M ▲ $-30.1M ▲ $-49.6M ▼ $66.1M ▲ $141.3M ▲
Q1-2025 $30.6M ▲ $18.8M ▼ $-105.1M ▲ $-47.4M ▲ $-131.4M ▲ $8.4M ▼
Q4-2024 $-16.7M ▼ $153.1M ▼ $-656.6M ▼ $-71M ▼ $-579.7M ▼ $128.5M ▼
Q3-2024 $39.3M $156.9M $323.6M $-47.5M $435.6M $146.2M

Five-Year Company Overview

Income Statement

Income Statement Playtika’s revenue has been broadly flat in recent years, drifting slightly down after an earlier period of growth. The company remains solidly profitable, with strong gross margins that show its games still monetize well. However, operating and net profits have eased off from earlier highs, suggesting pressure from costs such as marketing, development, or interest on debt. Overall, this looks like a mature, cash-generative business that is no longer in rapid expansion mode and is working to defend and fine‑tune profitability rather than chase aggressive top‑line growth.

Balance Sheet

Balance Sheet The balance sheet shows a business that leans heavily on debt and intangibles, which is typical for a mobile gaming and acquisitions-driven model but still a key risk point. Total assets have grown, helped by acquisitions, while cash has recently moved down from earlier, more comfortable levels. Debt is high and has not meaningfully declined, and shareholder equity is negative, though slowly improving over time. This structure can work as long as cash generation remains strong, but it leaves less room for error if industry conditions worsen or acquisitions underperform.

Cash Flow

Cash Flow Cash generation is a clear strength. Playtika consistently turns its earnings into solid operating cash flow, and its free cash flow is healthy because it does not need heavy capital spending to run or grow the business. The model is asset‑light: most investment is in people, content, and acquisitions rather than physical infrastructure. This dependable cash flow is what supports debt service, potential buybacks, and deal-making, but it also means the company is highly reliant on keeping its existing game portfolio performing well over time.

Competitive Edge

Competitive Edge Playtika holds a strong niche in mobile gaming, particularly in social casino and casual titles, backed by long‑running franchises and a very data‑driven operating style. Its scale, deep experience in running live games, and sophisticated analytics give it an advantage in keeping players engaged and spending. The acquisition playbook—buying promising studios and improving their performance with Playtika’s tools—is a central part of its edge. At the same time, the company operates in an intensely competitive, hit‑driven market, with regulatory sensitivities around casino‑like content and constant pressure from new and existing rivals. Maintaining audience attention and managing platform and privacy changes remain ongoing challenges.

Innovation and R&D

Innovation and R&D Innovation at Playtika is less about blockbuster new concepts and more about continuous optimization. The AI‑driven Playtika Boost Platform is the core technology that personalizes player experiences, refines monetization, and sharpens marketing. The company also innovates through deal-making, using acquisitions like SuperPlay to expand into new game categories while applying its existing technology stack. Planned new titles and partnerships, along with a push toward a direct‑to‑consumer platform and more AI in development, show a clear intent to evolve the business model. The main uncertainties are execution on large acquisitions, the ability to produce successful new games after a pause, and ensuring that innovation translates into renewed growth rather than just better performance of a stable base.

Summary

Playtika looks like a mature, data‑driven mobile gaming company with steady revenues, strong cash flow, and a heavy focus on optimization rather than explosive growth. Profitability remains solid but is not at prior peaks, reflecting both competitive intensity and the cost of sustaining a large portfolio. The balance sheet is geared, with substantial debt and negative equity, which heightens sensitivity to any downturn in game performance but is partly offset by strong recurring cash flow. Its competitive edge comes from scale, live‑ops expertise, AI‑powered personalization, and a proven acquisition model, while key risks center on regulatory exposure, high competition, dependence on a limited number of major titles, and integration of large deals like SuperPlay. Future performance will likely hinge on how well the company turns its AI capabilities, DTC push, and new game launches into renewed revenue momentum without overextending its financial position.

NEWS

November 6, 2025 · 6:35 AM UTC

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