Q2 2026 Playtika Holding Corp Earnings Call Transcript
Key Points
- Playtika Holding Corp (PLTK) demonstrated strong margin recovery, with adjusted EBITDA margin rising to 28.2% in Q2 from 16.8% in Q1, driven by a planned reduction in marketing spend.
- Disney Solitaire showed robust growth, with revenue up 15.5% sequentially and 288.6% year-over-year, even as marketing spend was significantly reduced, indicating strong player retention and engagement.
- The company's D2C channel reached 39.3% of revenue, up 63.1% year-over-year, which is a key strategic initiative that helps protect margins and reduce platform fees.
- SuperPlay became a positive adjusted EBITDA contributor in Q2, earlier than expected, showcasing the success of the acquisition and its growth strategy.
- Slotomania, a 16-year-old title, has achieved three consecutive quarters of stable performance, demonstrating the durability of the company's live game model and its ability to stabilize mature franchises.
- June's Journey continues to perform well, with revenue up 8.1% year-over-year, driven by strong monetization trends and successful IP collaborations like the Agatha Christie partnership.
- Playtika Holding Corp (PLTK) expects revenue in its SuperPlay Studio to decline sequentially in the second half of the year due to the deliberate front-loading of marketing spend, which may concern investors looking for consistent growth.
- The company observed a softening in consumer sentiment and discretionary spending in Q2, attributed to persistent inflation, which negatively impacted results and is a key reason for a cautious outlook on the second half.
- Bingo Blitz revenue declined 9.5% year-over-year, with the decline concentrated in players acquired within the last 12 months, as the company shifted away from high-volume, short-lived incentive-driven user acquisition channels.
- The company is guiding toward the lower end of its full-year revenue and adjusted EBITDA ranges, reflecting both the planned reduction in marketing spend and a measured view of consumer demand.
- Average daily active users (DAU) declined 9.1% year-over-year, and average daily paying users (DPU) fell 2.9% year-over-year, indicating a shrinking user base even as monetization per user improves.
- The significant step-down in marketing spend, particularly for Disney Solitaire, is expected to cause sequential revenue declines in the second half, which could be misinterpreted as a loss of momentum or weakening of the game.
Good day and thank you for standing by. Welcome to the second-quarter 2026 earnings call for Playtika. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Elad Amit, Senior Vice President, Corporate Finance and Investor Relations. Please go ahead.
Welcome, everyone, and thank you for joining us today for the second quarter 2026 earnings call for Playtika Holding Corp. Joining me on the call today is Robert Antokol, Co-Founder, President and CEO; and Tae Lee, Chief Financial Officer.
I would 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, including expected marketing and investment activity and the impact of AI on the company's business and industry.
These statements and other comments are not a guarantee of future performance but rather are
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
