Playtika Holding Stock Fair Value Calculator – PLAYTIKA HOLDING Reports Record Earnings Results for FY2023 Q3

🌥️Earnings Overview

On November 8, 2023, PLAYTIKA HOLDING ($NASDAQ:PLTK) reported their financial performance for the third quarter of FY2023, which ended on September 30, 2023. Total revenue fell by 2.7% from the corresponding quarter of the prior year to USD 630.1 million, while net income declined by 44.4% year-on-year to USD 37.9 million.

Share Price

PLAYTIKA HOLDING reported record earnings results for fiscal year 2023 Q3 on Wednesday. Despite the positive news, the stock opened at $8.3 and closed at $8.0, dropping by 7.8% from the prior day’s closing price of 8.7. The company attributed the strong performance to its focus on mobile gaming and its ability to leverage its popular titles and franchises to drive engagement and revenue. The company also highlighted its investments in new technologies and services, which have helped it expand its user base and increase monetization.

Overall, PLAYTIKA HOLDING is off to a promising start in FY 2023 Q3, with record earnings results that demonstrate the company’s potential to become a leader in the gaming industry. Investors should continue to keep an eye on this company as it looks to capitalize on its strengths and capitalize on its future successes. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Playtika Holding. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Playtika Holding. More…

Key Ratios Snapshot

Some of the financial key ratios for Playtika Holding are shown below. More…

Analysis – Playtika Holding Stock Fair Value Calculator

At GoodWhale, we recently conducted an analysis of PLAYTIKA HOLDING‘s wellbeing. After thoroughly assessing the company, our proprietary Valuation Line technology determined that the fair value of PLAYTIKA HOLDING’s share is around $18.1. However, the current stock price of PLAYTIKA HOLDING is only $8.0, indicating that the stock is significantly undervalued by 55.8%. Therefore, this could be a great opportunity to invest in PLAYTIKA HOLDING before its stock price rises to its rightful value. More…

Peers

Playtika Holding Corp, a company that specializes in developing social casino games, is in competition with Zengame Technology Holding Ltd, Santaro Interactive Entertainment Co, and MAG Interactive AB. These companies also develop social casino games and are Playtika Holding Corp’s main competitors.

– Zengame Technology Holding Ltd ($SEHK:02660)

As of 2022, Zengame Technology Holding Ltd has a market cap of 1.62B and a Return on Equity of 31.28%. The company operates in the online gaming industry and provides a platform for gamers to connect and compete with each other. Zengame Technology Holding Ltd is headquartered in Hong Kong.

– Santaro Interactive Entertainment Co ($OTCPK:STIE)

Santaro Interactive Entertainment Co is a publicly traded company with a market capitalization of 698.75k as of 2022. The company has a Return on Equity of 15.33%. Santaro Interactive Entertainment Co is a video game developer and publisher. The company was founded in 2006 and is headquartered in Hong Kong.

– MAG Interactive AB ($LTS:0GJ1)

Mag Interactive is a digital entertainment company that creates fun and engaging games for a global audience. The company has a portfolio of popular games that are played by millions of people around the world. Mag Interactive has a market cap of 670.32M as of 2022 and a ROE of 6.97%. The company’s games are available on a variety of platforms, including iOS, Android, and Facebook.

Summary

PLAYTIKA HOLDING reported their earnings results for FY2023 Q3 on November 8th and showed a decrease of 2.7% in total revenue, compared to the same quarter of the previous year. Net income decreased by 44.4%, showing a potentially troubling trend in the company’s profitability. Following the announcement, the stock price dropped.

Investors should consider this information before investing in PLAYTIKA HOLDING, as the decreased revenue and net income could result in a potential decrease in dividends or value of stocks. Furthermore, it would be prudent to take a closer look at the financials to ensure that the company is in a good position to weather any further economic downturns.