PLTK - Playtika beats Q4 top and bottom line estimates; initiates FY23 outlook

• Playtika press release ( NASDAQ: PLTK ): Q4 GAAP EPS of $0.24 beats by $0.07 .
• Revenue of $631.2M (-2.7% Y/Y) beats by $3.66M .
• Credit adjusted EBITDA was $202.6 million compared to $176.1 million in the prior year period.
• Cash and cash equivalents and short-term bank deposits totaled $768.7 million as of December 31, 2022.
• Average Daily Paying Users of 313k compared to 311k in the prior year period.
• Average Daily Payer Conversion increased to 3.5%, up from 3.0% in the prior year period.
• Average Daily Active Users of 8.8 million compared to 10.3 million in the prior year period.
• Outlook: For FY23, revenue expected to be between $2.570 - $2.620 billion, vs. $2.616 billion of revenue in FY22 vs $2.62B consensus, and Credit Adjusted EBITDA expected to be between $805 - $830 million vs. $805.1 million of Credit Adjusted EBITDA in FY22. Capital expenditures expected to be between $115 - $120 million vs. $110.0 million in FY22.

For further details see: