Playtika Holding to Release Earnings Data Ahead of Market Open on Tuesday, August 8th
August 8, 2023
🌥️Trending News
Playtika Holding ($NASDAQ:PLTK) Corp. is a leading interactive mobile gaming company that creates, markets and operates social casino games. On Tuesday, August 8th, Playtika will be releasing its quarterly earnings data, before the start of trading. This release will provide vital information to investors about the financial performance of the company over the past quarter. Analysts and investors alike will be able to gauge the success of Playtika’s operations and use this data to help inform their future decisions on the stock. This earnings report will be closely watched to get a better understanding of the company’s prospects and development plans going forward.
Additionally, investors will be able to see how Playtika has been able to navigate the turbulent market conditions of the past quarter and make decisions accordingly. It is important to remain up-to-date with this information in order to make educated decisions regarding their investment in Playtika Holding Corp.
Earnings
The report is expected to provide insight into the company’s performance. The company reported total revenue of 638.9M USD and net income of 35.7M USD for the quarter, representing a 5.6% decrease in total revenue and a 57.1% decrease in net income compared to the same period last year. This marks a continuous decrease from the previous three years, in which total revenue had reached from 638.9M USD to 656.2M USD. This earnings report will provide investors with an understanding of the current state of Playtika Holding‘s business while also giving investors a good indication of the company’s prospects for the rest of the year.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Playtika Holding. More…
| Total Revenues | Net Income | Net Margin |
| 2.59k | 276.2 | 10.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Playtika Holding. More…
| Operations | Investing | Financing |
| 456.1 | 90.3 | -651.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Playtika Holding. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.69k | 3.15k | -1.24 |
Key Ratios Snapshot
Some of the financial key ratios for Playtika Holding are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.5% | -1.8% | 20.1% |
| FCF Margin | ROE | ROA |
| 13.9% | -63.5% | 12.1% |
Stock Price
On Monday, PLAYTIKA HOLDING stock opened at $11.2 and closed at $11.1, down by 0.5% from its prior closing price of 11.2. Analysts are currently expecting an earnings report that could potentially be lower than last quarter’s figures due to recent market conditions. Investors will be watching for PLAYTIKA HOLDING’s report closely, as it could set the tone for the company’s performance in the near future. Live Quote…
Analysis
At GoodWhale, we recently conducted a financial analysis of PLAYTIKA HOLDING. After reviewing their financials, we have concluded that it is a medium risk investment in terms of both financial and business aspects. This rating was determined by examining various key metrics in relation to industry benchmarks. Upon further examination, our analysis has detected two risk warnings in the company’s balance sheet and cashflow statement. These warnings indicate that there are potential areas of risk associated with this investment that should be considered before committing funds. If you are interested in learning more about our findings, please register on goodwhale.com. We can provide you with an in-depth analysis of PLAYTIKA HOLDING’s financials so that you can make an informed decision about your investment. More…
Peers
Playtika Holding Corp, a company that specializes in developing social casino games, is in competition with Zengame Technology Holding Ltd, Santaro Interactive Entertainment Co, and MAG Interactive AB. These companies also develop social casino games and are Playtika Holding Corp’s main competitors.
– Zengame Technology Holding Ltd ($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
Analysts are expecting strong top-line growth, driven by the company’s expanding online gaming business.
Additionally, Playtika has made significant investments in new product development, which could result in better-than-expected profitability. The company is also likely to provide insight into its strategy going forward, as well as any new partnerships and acquisitions it may be involved in. Long-term investors should keep a close eye on these developments, as the company has shown impressive growth in recent quarters. With its well-established international presence, Playtika is well-positioned to continue its strong performance in the coming quarters.
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