PLTK - Playtika GAAP EPS of $0.21 beats by $0.01 revenue of $642.8M misses by $8.42M

2023-08-08 06:39:32 ET

• Playtika press release ( NASDAQ: PLTK ): Q2 GAAP EPS of $0.21 beats by $0.01 .
• Revenue of $642.8M (-2.5% Y/Y) misses by $8.42M .
• DTC platforms revenue of $165.3 million increased 9.1% sequentially and 7.6% year over year.
• Average Daily Paying Users of 307K decreased (5.8)% sequentially and (1.0)% year over year.
• Average Payer Conversion of 3.6%, flat vs. the prior quarter and increased from 3.2% in the prior year period.
• Casual games revenue decreased (1.4)% sequentially and increased 3.7% year over year.
• Social casino-themed games revenue decreased (3.0)% sequentially and (9.9)% year over year.
• Bingo Blitz revenue of $156.3 million decreased (1.8)% sequentially increased 6.3% year over year.
• Solitaire Grand Harvest revenue of $81.8 million decreased (4.2)% sequentially and increased 26.2% year over year.
• Slotomania revenue of $144.7 million decreased (1.3)% sequentially and (9.9)% year over year.
• The company expects to be at the low end of the previously provided revenue range of $2.57 to $2.62 billion, and towards the higher end of the previously provided Credit Adj. EBITDA range of $805 to $830 million.
• Expects capital expenditures between $100 and $105 million, down from $115 to $120 million.

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