Playtika GAAP EPS of $0.09 Misses By $0.10, Revenue of $659.6M Misses By $19.06M
Seeking Alpha2022-08-04
- Playtika Q2 GAAP EPS of $0.09misses by $0.10.
- Revenue of $659.6M (+0.1% Y/Y)misses by $19.06M.
- Casual portfolio grew revenue 10.0% year-over-year, comprising 53.3% of total revenue
- Average Daily Payer Conversion increased to 3.2%, up from 2.9% in Q2'21
- Average DPUs increased 3.5% year-over-year
- Direct-to-Consumer channel grew 14.2% year-over-year and is now 23.3% of total revenue
- Junes Journey grew revenue 34.2% year-over-year
- For the full year 2022 the company anticipates revenue within a range of $2.60 - 2.66 billion from a prior outlook of $2.73 billion vs consensus of $2.73B and Adjusted EBITDA within a range of $900 - $940 million.
- Stocks rose nearly 12% in premarket trading.
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