Playtika Holding Corp. (NASDAQ:PLTK) reported second-quarter results on Thursday that missed analyst expectations, causing shares to drop 3.9% as the mobile gaming company faced challenges with weakening performance in key titles.
The company recorded adjusted earnings of $0.09 per share, well below the consensus estimate of $0.19. Revenue reached $696 million, slightly under the $705.4 million forecast, but still marking an 11% increase compared to the same quarter last year.
Investor reaction was negative, reflecting disappointment over the earnings miss and updated guidance.
“We are pleased to report a resilient second quarter, with revenue reaching $696 million,” said Robert Antokol, Chief Executive Officer. “The success of our latest launch, Disney Solitaire, which has already achieved a $100 million annual run-rate revenue, highlights the outstanding work of our team alongside Disney & Pixar Games.”
The company’s direct-to-consumer (DTC) platforms generated $175.9 million in revenue, down 1.8% sequentially but up 1.3% year-over-year. Its flagship game, Bingo Blitz, delivered $160.2 million in revenue, slipping 1.3% sequentially but rising 2.9% year-over-year.
Slotomania, however, experienced a steep decline, with revenue dropping 22.7% from the prior quarter and 35.4% compared to the year-ago period, totaling $86.5 million.
Adjusted EBITDA fell 12.6% year-over-year to $167 million, while adjusted net income plunged 91.4% to $6.5 million.
“Our DTC business remains a critical focus as we navigate the competitive mobile gaming market,” said Craig Abrahams, President and CFO. “We are raising our long-term target for DTC revenue to 40%, up from 30%, aiming to improve margins amid portfolio adjustments.”
Playtika updated its full-year revenue guidance to a range of $2.70 billion to $2.75 billion, maintaining its adjusted EBITDA forecast of $715 million to $740 million.
The company also declared a quarterly dividend of $0.10 per share, payable on October 10, 2025.
Playtika Holding Corp stock price
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