Playtika Holding Corp. Reports Q4 and 2025 Financial Results

Revenue of $678.8 million and Direct-to-Consumer (“DTC”) Revenue of $250.1 million
DTC Revenue Increased 19.5% Sequentially and 43.2% Year-Over-Year
Net Loss of $(309.3) million, Adjusted Net Income of $89.0 million, and Adjusted EBITDA of $201.4 million

HERZLIYA, Israel, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its fourth quarter and fiscal year ended December 31, 2025.

Fourth Quarter 2025 Financial Highlights:

• Revenue of $678.8 million increased 0.6% sequentially and 4.4% year-over-year.
• DTC platforms revenue of $250.1 million increased 19.5% sequentially and 43.2% year-over-year.
• Net loss of $(309.3) million and Adjusted net income of $89.0 million.
• Net loss reflects a non-cash impact from contingent consideration remeasurement related to the earnout payment tied to the SuperPlay acquisition.
• Adjusted EBITDA of $201.4 million decreased (7.4)% sequentially and increased 9.5% year-over-year.
• Cash and cash equivalents and short-term investments totaled $820.2 million as of December 31, 2025.

FY2025 Financial Highlights:

• FY2025 revenue of $2,755.4 million compared to $2,549.3 million in the prior year.
• DTC platforms revenue of $814.5 million compared to $694.2 million in the prior year.
• Net loss of $(206.4) million compared to net income of $162.2 million in the prior year.
• Adjusted net income of $197.5 million compared to $219.5 million in the prior year.
• Adjusted EBITDA of $753.2 million compared to $757.7 million in the prior year.
• Record high Free Cash Flow of $481.6 million compared to $396.8 million in the prior year
  1
  .

“We delivered a strong finish to 2025, driven by continued momentum in our casual portfolio, record DTC contribution, and another outstanding quarter from SuperPlay,” said Robert Antokol, Chief Executive Officer.   “As we enter 2026, our focus remains on disciplined execution and building a more resilient, diversified business positioned for long-term value creation.”   

“Our results underscore the strength of our portfolio strategy, highlighted by performance ahead of guidance and record free cash flow for the year,” said Craig Abrahams, President and Chief Financial Officer. “The business today reflects a healthier and more balanced mix, one that we believe supports stronger and more sustainable value creation over time.”

Selected Q4 Operational Metrics and Business Highlights

• Average Daily Paying Users of 357 thousand increased 0.8% sequentially and 5.3% year-over-year.
• Average Payer Conversion of 4.5%, up from 4.3% in Q3 2025 and 4.2% in Q4 2024.
• Bingo Blitz revenue of $158.5 million decreased (2.5)% sequentially and flat year-over-year.
• Disney Solitaire revenue of $71.6 million increased 21.4% sequentially.
• June’s Journey revenue of $70.0 million increased 2.5% sequentially and down (2.0)% year-over-year.

We define Free Cash Flow as net cash provided by operating activities minus capital expenditures.

Updated Capital Allocation Framework

We updated our capital allocation framework to reflect the opportunities ahead and the performance-based nature of the SuperPlay earn-out. To preserve flexibility and prioritize the highest-return uses of capital, we are suspending our quarterly dividend, while keeping buybacks available and continuing to evaluate our capital structure over time.

Financial Outlook

For FY2026, revenue expected to be between $2.70 - $2.80 billion and Adjusted EBITDA between $730 - $770 million. Capital expenditures are expected to be $80 million. We expect our effective tax rate to be 30%.

Conference Call

Playtika management will host a conference call at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) today to discuss the company’s results. The conference call can be accessed via a webcast accessible at investors.playtika.com. A replay of the call will be available through the website one hour following the call and will be archived for one year.

Summary Operating Results of Playtika Holding Corp.

	Three months ended December 31,								Year endedDecember 31,
(in millions of dollars, except percentages, Average DPUs, and ARPDAU)		2025				2024				2025				2024
Revenues	$	678.8			$	650.3			$	2,755.4			$	2,549.3
Total cost and expenses	$	959.8			$	595.0			$	2,760.5			$	2,157.7
Operating income (loss)	$	(281.0	)		$	55.3			$	(5.1	)		$	391.6
Net income (loss)	$	(309.3	)		$	(16.7	)		$	(206.4	)		$	162.2
Adjusted EBITDA	$	201.4			$	183.9			$	753.2			$	757.7
Net income margin	(45.6)%				(2.6)%				(7.5)%					6.4	%
Adjusted EBITDA margin		29.7	%			28.3	%			27.3	%			29.7	%
Non-financial performance metrics
Average DAUs		7.9				8.0				8.5				8.1
Average DPUs (in thousands)		357				339				370				312
Average Daily Payer Conversion		4.5	%			4.2	%			4.4	%			3.8	%
ARPDAU	$	0.93			$	0.89			$	0.89			$	0.86
Average MAUs		25.1				29.1				28.3				29.0

About Playtika Holding Corp.

Playtika (NASDAQ: PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has employees across offices worldwide.

Forward Looking Information