Playtika reports Q4 revenue of $573.5 million in first public quarterly report
By peterweddle
February 25, 2021
GamesBeat Summit 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,