Peter Weddle
GamesBeat Summit 2021
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April 28-29, 2021
Playtika reported strong quarterly growth in earnings and revenue for the fourth quarter ended December 31, the first quarterly period as a public company for the maker of casual and social casino games.
But the company’s stock fell 4% to $30.53 a share in trading on Thursday morning, perhaps because the outlook for 2021 was cautious.
Revenue was $573.5 million for Q4, up 17.5% from a year earlier, and net income was $76 million, or 19 cents a share, compared with $30 million, or 8 cents a share, a year earlier. Adjusted earnings (adjusted EBITDA, or earnings before interest, taxes, depreciation, and amortization — a measure of profitability) was $210.4 million, compared with $169.7 million a year earlier.
The Herzliya,
