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Israel's Playtika says to remain independent; posts flat Q3 revenue

By Reuters News


Overview

  • Israel mobile gaming firm's Q3 revenue was flat yr/yr, down 7.8% sequentially

  • Adjusted EBITDA rose 15.9% yr/yr, with margin expanding to 37.4%

  • Board concluded strategic review, company to remain independent and publicly traded


Outlook

  • Playtika reaffirms 2026 revenue guidance of $2.75 bln to $2.85 bln

  • Company expects 2026 adjusted EBITDA of $750 mln to $790 mln, midpoint likely

  • Playtika says it expects full-year results near the midpoint of guidance ranges


Result Drivers

  • GAME PERFORMANCE MIX - Co said strong yr/yr growth in Disney Solitaire and June’s Journey offset declines in other titles

  • LOWER MARKETING SPEND - Co attributed margin expansion to planned reduction in marketing expenses

  • PAYER CONVERSION - Co said payer conversion rate improved yr/yr, though average daily paying users declined


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$673.80 mln

Q3 Net Income

$40.40 mln

Q3 Credit Adjusted EBITDA

$252.10 mln

Q3 Credit Adjusted EBITDA Margin

37.40%

Q3 Operating Income

$116.20 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

  • The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

  • Nov 4 - Figma's Q3 revenue jumps 43% and beats estimates; raises FY revenue outlook

  • Nov 3 - Duolingo Q3 daily active users accelerated to 29% on gains in every region; shares soar

  • Nov 4 - Klaviyo's Q3 revenue beats estimates; raises FY outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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