Nov 07, 2024 / 01:30PM GMT
Craig Abrahams - Playtika Holding Corp - President & CFO
(Technical difficulty)
In summary, we have the potential to super play acquisition brings and confident in our ability to enhance our growth profile, all while maintaining a firm focus on financial discipline. With that, let us dive into our Q3 financial performance. For the quarter, we generated $620.8 million of revenue, down 1% sequentially and down 1.5% year over year. Credit Adjusted EBITDA margins improved over Q2 as we generated credit adjusted EBITDA of $197.2million, up 3.2% sequentially and down 4.1% year over year. Net income was $39.3 million, down 54.6% sequentially and up 3.7% year over year. Our direct-to-consumer business continues to outperform the overall business as we generated $174.4million, which was up 0.4% sequentially and up 8.3% year over year.
Turning now to our business results in the quarter. Revenue across our top three games was up 1.1% sequentially and down 20% year over year. Bingo Blitz revenue was $159.9 million, up 2.7% sequentially and up 6.8% year over year. Bingo continued strong execution
Q3 2024 Playtika Holding Corp Earnings Call Transcript
Nov 07, 2024
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