Playtika Holding

Playtika Holding Corp. engages in the development of mobile games. It builds live game operations services and a proprietary technology platform to support its portfolio of games. Its games include Slotomania, Bingo Blitz, House of Fun, Solitaire Grand Harvest, June's Journey, Caesars Slots, Best Friends, Board Kings, and Redecor. The company was founded by Robert Antokol and Uri Shahak in 2010 and is headquartered in Herzliya, Israel.

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Playtika Holding surpasses Q4 expectations, eyes growth amid challenges

Playtika Holding delivered strong financial results in Q4 2022, exceeding guidance and showcasing revenue growth in key games.
The company's strategic decisions to invest in high-growth studios and optimize costs position it well for future success.
While facing challenges like workforce reduction and declining revenue in certain game categories, Playtika has opportunities for growth and diversification.

Playtika Holding reports robust Q1 earnings, eyes growth opportunities

Playtika Holding's Q1 2023 earnings call highlighted strong financial performance, growth in casual games, and operational efficiency improvements. The company reiterated its full-year guidance and discussed key areas of focus for future growth and innovation.

Playtika reports solid Q2 earnings, eyes M&A for growth

Playtika Holding delivered a solid performance in Q2 2023, focusing on profitability and operational efficiencies amidst a competitive market.
The company's strategic M&A approach and emphasis on technology and live operations expertise position it well for sustained growth and market leadership.
While facing revenue challenges and competitive pressures, Playtika remains optimistic about driving long-term value through strategic acquisitions and operational optimization.

Playtika reports solid Q3 earnings amidst strategic acquisitions and challenges

Playtika's Q3 performance reflects a mix of strengths and challenges, with a focus on strategic acquisitions and revenue diversification.
The company's financial outlook for 2023 remains positive, despite external uncertainties, showcasing resilience and adaptability in the face of challenges.
With a strong emphasis on growth strategies and operational efficiency, Playtika aims to navigate market dynamics and drive sustainable value for stakeholders.

Playtika beats revenue targets, plans M&A expansion for growth

Playtika Holding showcased operational resilience, exceeding revenue and EBITDA guidance despite challenges.
The company's strategic focus on efficiency, acquisitions, and diverse revenue sources drives sustainable growth.
While facing geopolitical and industry challenges, Playtika's commitment to reinvestment and shareholder value creation remains strong.
Opportunities in M&A, marketing campaigns, and technology utilization position Playtika for continued success and market leadership.

Playtika Holding reports mixed Q1 results, focuses on reorganization

Playtika Holding's Q1 2024 performance reflects mixed results with revenue growth but EBITDA decline.
The company's strategic reorganization and focus on shareholder value creation are key strengths.
Challenges include revenue and EBITDA decreases, necessitating strategic adjustments for growth.
Opportunities lie in direct-to-consumer platforms, operational efficiencies, and strategic alignment.

Playtika Holding Corp. reports strong Q2 earnings and growth opportunities

Playtika Holding Corp. delivered a strong performance in Q2 2024 with robust financial results and successful game titles.
While facing challenges in certain operating metrics, the company's strategic strengths in marketing and cost efficiency position it well for growth.
Opportunities lie in upcoming game releases, direct-to-consumer revenue growth, and leveraging the strong financial position for strategic investments.
Overall, Playtika Holding Corp. demonstrates resilience and potential for further expansion in the gaming industry.

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Rovio Entertainment said it has received a takeover proposal from Israel's Playtika Holding for $813.5 million.

'Angry Birds' Owner Gets Takeover Bid From Playtika

Playtika Holding Corp. sweetened its all-cash offer for “Angry Birds” publisher Rovio Entertainment Corp. by a little more than 6% on Thursday.

Playtika sweetens offer to acquire Angry Birds publisher Rovio, now offers 60% premium

Israeli gaming firm Playtika Holding Corp said on Thursday it offered to buy Finnish game maker Rovio , best known for its "Angry Birds" franchise, for 683 million euros ($683 million) in a sweetened all-cash deal.

Playtika offers to buy 'Angry Birds' maker Rovio for $683 mln

HERZLIYA, Israel--( BUSINESS WIRE )--Playtika Holding Corp. (NASDAQ: PLTK), a leading mobile gaming company and monetization platform, today announced it submitted a revised proposal to the Board of Directors of Rovio Entertainment Corporation (“Rovio”) (ROVIO.HE) to acquire Rovio for EUR 9.05 per share in cash.

Playtika Announces Premium, All Cash Proposal To Acquire Rovio Entertainment For EUR 9.05 Per Share

IPO stocks have taken it on the chin this year, falling markedly against the S&P 500. One social/casino company features earnings growth expecatations next year and positive free cash flow.

Playtika: A Compelling Valuation, But Strong Downside Price Momentum

Israeli gaming firm Playtika Holding Corp said on Monday it would cut its workforce by about 15% as part of a restructuring, as the gaming sector faces a slowdown.

Playtika to cut workforce by about 15%

Mobile-games designer Playtika Holding Corp. PLTK, +2.99% plans to lay off about 15% of its workforce, Chief Executive Robert Antokol said in an email to employees that was also filed with the Securities and Exchange Commission. "As we assess the current environment and look toward the future, Playtika must return to our roots of excellence through agility, efficiency, creativity and being obsessed with winning to deliver the most fun forms of mobile entertainment to our players," he said in the message.

Playtika to lay off 15% of its staff

Playtika, the Israeli tech company that made its name with through a series of wildly successful online gambling and gaming titles with hundreds of millions of players, is leveling the latest swing of the layoffs pendulum. The company today has confirmed that it is laying of 15% of its staff.

Playtika lays off 610 workers, shuts down three online gaming titles amid broader restructure

Joffre Co-Founder and Managing Partner James Lu Resigns from Playtika Board of Directors LOS ANGELES , Dec. 8, 2022 /PRNewswire/ -- Joffre Capital ("Joffre" or the "Firm") a global investment firm focused on control positions in leading consumer software, technology and internet businesses, today announced that, due to certain conditions at the Company and with Playtika Holding UK II Limited ("PHUKII"), it is unable at this time to proceed to pre-closing under the announced stock purchase agreement dated June 27 (the "Purchase Agreement") to acquire 106,102,467 shares of Playtika Holding Corp. (NASDA: PLTK) ("Playtika or the "Company") from PHUKII. In addition, James Lu, Co-Founder and Managing Partner of Joffre, has resigned from the Playtika Board of Directors (the "Board"), effective November 30.

Joffre Capital Unable to Proceed to Pre-Closing of Purchase Agreement to Acquire 106,102,467 shares of Playtika Stock Due to Issues with Seller and at the Company

HERZLIYA, Israel, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK) (“Playtika”), a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles, today announced that it has extended the expiration time of the offering period for its offer to exchange outstanding eligible stock options to purchase up to an aggregate of 13,523,596 shares of Playtika's common stock, whether vested or unvested (the “Options”), that were granted under Playtika's 2020 Incentive Award Plan from certain eligible service providers for new restricted stock units (the “Option Exchange”) from 9:00 P.M., Pacific Time, on December 12, 2022 until 9:00 P.M., Pacific Time, on December 15, 2022, unless Playtika, in its discretion, extends the period of time during which the Option Exchange will remain open.

Playtika Announces Extension of Offering Period for Option Exchange

HERZLIYA, Israel and ISTANBUL, Turkey, Nov. 21, 2022 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK ) ("Playtika"), a mobile gaming entertainment and technology market leader with a portfolio of top casual titles, today announced execution of an agreement for a $25 million minority investment in Turkish mobile gaming company Ace Games (“Ace”). Ace is the developer of Fiona's Farm, a free-to-play innovative casual mobile game that expertly and uniquely combines the mechanics of Match-3, farming, decoration, and narrative-driven games into one immersive mobile gaming experience for players.

Playtika Agrees to $25 Million Minority Investment in Mobile Gaming Company Ace Games

Playtika Holding Corp. (NASDAQ:PLTK ) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants David Niederman - Vice President of Investor Relations Robert Antokol - Co-Founder, Chairman and Chief Executive Officer Craig Abrahams - President and Chief Financial Officer Eric Rapps - Chief Strategy Officer Conference Call Participants Matthew Cost - Morgan Stanley Eric Handler - MKM Partners LLC Colin Sebastian - Robert W. Baird & Co. Stephen Ju - Credit Suisse AG Clark Lampen - BTIG, LLC Eric Sheridan - Goldman Sachs Douglas Creutz - Cowen and Company, LLC Jason Bazinet - Citigroup, Inc. Omar Dessouky - Bank of America Merrill Lynch Franco Granda - D.A.

Playtika Holding Corp. (PLTK) Q3 2022 Earnings Call Transcript

Playtika (PLTK) delivered earnings and revenue surprises of -15% and 34.21%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Playtika Holding (PLTK) Q3 Earnings Miss Estimates

Third Quarter Revenue Grew to $647.8 million , up 1.9% Year-over-Year Casual Portfolio Revenue Grew 14.4% year-over-year and is now 54.9% of Revenue Direct-to-Consumer Channel Grew 9.4% Year-over-Year and is now 23.3% of Revenue

Playtika Holding Corp. Reports Third Quarter 2022 Results

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We have chosen five mid-cap companies that will report third-quarter earnings results this week. These are: FIVN, PLTK, TRIP, FSK and LYFT.

5 Mid Cap Stocks to Buy Ahead of Q3 Earnings Results This Week

HERZLIYA, Israel , Oct. 18, 2022 /PRNewswire/ -- Playtika Holding Corp. (NASDAQ:PLTK) announced today it will release financial results for the third quarter 2022 before U.S. markets open on Tuesday, November 8, 2022. On the same day, Playtika management will hold a conference call to discuss the results at 5:30 a.m.

PLAYTIKA ANNOUNCES DATE OF THIRD QUARTER 2022 RESULTS CONFERENCE CALL

HERZLIYA, Israel , Oct. 10, 2022 /PRNewswire/ -- Playtika Holding Corp. (NASDAQ: PLTK) ("Playtika"), a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles, today announced the final results of its previously announced tender offer to purchase up to 51,813,472 shares of Playtika's issued and outstanding common stock, par value $0.01 per share (each, a "Share," and collectively, "Shares") or such lesser number of Shares as are properly tendered and not properly withdrawn, at a price of $11.58 per Share (the "Tender Offer"), which expired one minute after 11:59 p.m., New York City time, on Monday, October 3, 2022.

Playtika Announces Final Results of Previously Announced Tender Offer

Playtika bills itself as one of the world's leading developers of mobile games. In my view, if the company successfully markets its games in Europe or Asia, as the company does in the United States, revenue growth will likely increase.

Playtika: Great Guidance And Potential Internationalization

The latest news about its tender offer gave the stock a lift.

Why Playtika Stock Rose Today

HERZLIYA, Israel , Oct. 4, 2022 /PRNewswire/ -- Playtika Holding Corp. (NASDAQ: PLTK) ("Playtika"), a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles, today announced the preliminary results of its previously announced tender offer to purchase up to 51,813,472 shares of Playtika's issued and outstanding common stock, par value $0.01 per share (each, a "Share," and collectively, "Shares") or such lesser number of Shares as are properly tendered and not properly withdrawn, at a price of $11.58 per Share (the "Tender Offer"), which expired one minute after 11:59 p.m., New York City time, on Monday, October 3, 2022.

Playtika Announces Preliminary Results of Previously Announced Tender Offer

HERZLIYA, Israel , Oct. 3, 2022 /PRNewswire/ -- Playtika Holding Corp. (NASDAQ: PLTK) ("Playtika"), a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles, today provided an update on the number of shares of Playtika's issued and outstanding common stock, par value $0.01 per share (each, a "Share," and collectively, "Shares") tendered to date in its previously announced tender offer for the purchase of up to 51,813,472 Shares at a price of $11.58 per Share. Playtika has conducted the tender offer in accordance with the terms and subject to the conditions described in the offer to purchase, dated August 29, 2022, the related letter of transmittal and other related materials, as each may be amended or supplemented from time to time.

Playtika Provides Update on Shares Tendered to Date in its Tender Offer for its Common Stock

PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating Playtika Holding Corp. (NASDAQ: PLTK) on behalf of the Company's stockholders. The investigation seeks to determine whether Playtika issued false and misleading statements and/or failed to disclose material facts to investors, thereby violating the securities laws and causing harm to the company's shareholders. Current Playtika shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adri

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Playtika Holding Corp. (NASDAQ: PLTK) and Encourages PLTK Investors to Contact the Firm

HERZLIYA, Israel , Sept. 23, 2022 /PRNewswire/ -- Playtika Holding Corp. (NASDAQ: PLTK) ("Playtika"), a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles, today announced that it has extended the expiration of its previously announced tender offer to purchase up to 51,813,472 shares of Playtika's issued and outstanding common stock, par value $0.01 per share (each, a "Share," and collectively, "Shares") or such lesser number of Shares as are properly tendered and not properly withdrawn, at a price of $11.58 per Share (the "Tender Offer") from one minute after 11:59 p.m.

Playtika Announces Extension of Previously Announced Tender Offer

Playtika (PLTK) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Playtika (PLTK) Stock Jumps 11%: Will It Continue to Soar?

HERZLIYA, Israel , Sept. 7, 2022 /PRNewswire/ -- Bingo Blitz®, a Playtika® studio and the world's most popular free-to-play Bingo game*, has partnered with Golden Globe-winning actress, producer, talk show host and author Drew Barrymore to kick off a brand-new era of bingo for generations to come.

News for Playtika Holding Stock (PLTK)