PLTK - Playtika GAAP EPS of $0.23 beats by $0.05 revenue of $656.2M beats by $9.74M

2023-05-04 06:44:23 ET

• Playtika press release ( NASDAQ: PLTK ): Q1 GAAP EPS of $0.23 beats by $0.05 .
• Revenue of $656.2M (-3.1% Y/Y) beats by $9.74M .
• Average Daily Paying Users of 326K increased 4.2% sequentially and 0.9% year over year.
• Average Payer Conversion of 3.6%, up from 3.5% in the prior quarter and 3.2% in the prior year period.
• Casual games revenue increased 7.1% sequentially and 4.1% year over year.
• Social casino-themed games revenue increased 0.3% sequentially and decreased (11.0)% year over year.
• Bingo Blitz revenue of $159.2 million increased 2.6% sequentially and 13.0% year over year.
• Solitaire Grand Harvest revenue of $85.5 million increased 17.4% sequentially and 29.0% year over year.
• Slotomania revenue of $146.6 million decreased (1.7)% sequentially and (12.1)% year over year.
• We are reaffirming guidance for the fiscal year, with revenue expected to be between $2.570 - $2.620 billion vs $2.59B consensus, Credit Adjusted EBITDA expected to be between $805 - $830 million, and Capital expenditures expected to be between $115 - $120 million

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