Q2 2025 Playtika Holding Corp Earnings Call Transcript
Key Points
- Playtika Holding Corp (PLTK) reported a successful launch of Disney Solitaire, achieving a $100 million annual run rate revenue, showcasing strong collaboration with Disney and Pixar games.
- Bingo Blitz continued to perform well, maintaining strong engagement and achieving record revenues from direct-to-consumer (D2C) platforms.
- The company is increasing its long-term target for D2C revenue to 40%, up from 30%, aiming to sustain EBITDA and free cash flow.
- Playtika Holding Corp (PLTK) experienced an 11% year-over-year increase in revenue, driven by the successful execution of its M&A strategy.
- The company is actively exploring opportunities to develop and launch additional new games in strategically important genres, indicating a robust pipeline for future growth.
- Slotomania faced significant challenges, with a 22.7% sequential and 35.4% year-over-year decline in revenue, due to game economy issues and monetization challenges.
- Adjusted EBITDA for the quarter showed a slight sequential decline of 0.2% and a year-over-year decrease of 12.6%, primarily due to increased sales and marketing expenses.
- The company revised its annual revenue guidance downwards to $2.7 billion to $2.75 billion from the previous $2.8 billion to $2.85 billion.
- Operating expenses increased by 22.6% year-over-year, driven by higher performance marketing spending, impacting overall profitability.
- June's Journey experienced a 7.4% year-over-year decline in revenue, reflecting challenges in reigniting growth despite efforts to stabilize performance.
Good day and thank you for standing by. Welcome to the Playtika Q2 2025 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Tae Lee, SVP Corporate Finance and Investor Relations. Please go ahead.
Welcome, everyone, and thank you for joining us today for the second quarter of 2025 earnings call for Playtika Holding Corp. Joining me on the call today are Robert Antokol, Co-Founder and CEO of Playtika; and Craig Abrams, Playtika's President and Chief Financial Officer.
I'd like to remind you that today's discussion may contain forward-looking statements, including but not limited to the company's anticipated future revenue and operating performance, and more specifically, the future performance of our individual titles such as Slotomania or recently launched Disney Solitaire.
These statements and other comments are not a guarantee of future performance, but
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