Playtika Holding Corp. Q2 2025 Earnings Call Transcript

Playtika Holding Corp. (PLTK) reported Q2 2025 earnings with Robert Antokol, Co-Founder and CEO, and Craig Abrahams, President and CFO, participating in the call. Tae Lee, SVP, Corporate Finance and Investor Relations, moderated the conference. The company's revenue and operating performance for the quarter were discussed, with a focus on individual titles such as Slotomania and the recently launched Disney Solitaire. Forward-looking statements were also made, but the company undertook no obligation to update them.

Playtika Holding Corp. (PLTK) released its financial results for the second quarter ending June 30, 2025, with revenue of $696.0 million, down 1.4% sequentially but up 11.0% year-over-year. The company's adjusted EBITDA was $167.0 million, a decline of 0.2% sequentially and 12.6% year-over-year. The company's cash position stood at $592.1 million as of June 30, 2025 [1].

Key financial highlights include:
- Revenue: $696.0 million, down 1.4% sequentially, up 11.0% year-over-year.
- GAAP Net Income: $33.2 million, up 8.5% sequentially, down 61.7% year-over-year.
- Adjusted Net Income: $6.5 million, down 82.0% sequentially, down 91.4% year-over-year.
- Adjusted EBITDA: $167.0 million, down 0.2% sequentially, down 12.6% year-over-year.

Operational Performance:
Playtika's operational performance showed mixed results across its game titles. Average Daily Paying Users (DPUs) were 378K, down 3.1% sequentially but up 26.8% year-over-year. Bingo Blitz revenue was $160.2 million, down 1.3% sequentially but up 2.9% year-over-year. Slotomania revenue dropped to $86.5 million, down 22.7% sequentially and 35.4% year-over-year. June’s Journey revenue was $69.1 million, up 0.3% sequentially but down 7.4% year-over-year [1].

Strategic Initiatives and Corporate Developments:
The company announced a cash dividend of $0.10 per share, payable on October 10, 2025. Playtika also revised its revenue guidance to between $2.70 and $2.75 billion for the full year, while maintaining its Adjusted EBITDA guidance between $715 and $740 million [1].

Management's Perspective:
CEO Robert Antokol expressed satisfaction with the company's performance, highlighting the success of the latest launch, Disney Solitaire, which has reached a $100 million annual run-rate revenue threshold. CFO Craig Abrahams emphasized the strategic importance of the DTC business, increasing the long-term target for DTC revenue to 40% from 30% [1].

Future Outlook:
Playtika has revised its revenue guidance for the full year to be between $2.70 and $2.75 billion, maintaining its Adjusted EBITDA guidance between $715 and $740 million. The company remains focused on navigating the competitive landscape of mobile gaming and balancing its margins through strategic transitions within its portfolio [1].

References:
[1] https://www.tradingview.com/news/tradingview:671833a705c18:0-playtika-holding-corp-q2-2025-financial-results/