Playtika | 8-K: FY2025 Q1 Revenue Beats Estimate at USD 706 M

Revenue: As of FY2025 Q1, the actual value is USD 706 M, beating the estimate of USD 699.67 M.

EPS: As of FY2025 Q1, the actual value is USD 0.08, missing the estimate of USD 0.1134.

EBIT: As of FY2025 Q1, the actual value is USD 127 M.

Revenue

• Total revenue for Q1 2025 was $706.0 million, marking an 8.6% sequential increase and an 8.4% year-over-year increase.
• Direct-to-Consumer (DTC) platforms revenue was $179.2 million, up 2.6% sequentially and 4.5% year-over-year.

Operational Metrics

• GAAP Net Income was $30.6 million, a decrease of 42.3% year-over-year.
• Adjusted Net Income was $36.2 million, which increased 34.1% sequentially but decreased 39.6% year-over-year.
• Adjusted EBITDA was $167.3 million, down 9.0% sequentially and 9.9% year-over-year.
• Operating income for Q1 2025 was $67.8 million, compared to $98.1 million in Q1 2024.
• Net income margin was 4.3%, down from 8.1% in the previous year.
• Adjusted EBITDA margin was 23.7%, compared to 28.5% in Q1 2024.

Cash Flow

• Cash flows from operating activities were $18.8 million, compared to $29.6 million in Q1 2024.
• Free Cash Flow was - $6.5 million, compared to - $5.3 million in Q1 2024.

Unique Metrics

• Bingo Blitz revenue reached $162.4 million, increasing 2.1% sequentially and 3.1% year-over-year.
• Slotomania revenue was $111.8 million, a decrease of 5.5% sequentially and 17.4% year-over-year.
• Dice Dreams revenue was $78.6 million, showing a significant sequential increase of 124.5%.

Outlook / Guidance

• Playtika reaffirmed its guidance for 2025, projecting revenue between $2.80 and $2.85 billion and Adjusted EBITDA between $715 and $740 million.
• The company plans to extend the maturity of its Revolving Credit Facility to September 2027 and reduce the principal amount from $600 million to $550 million.
• The company anticipates continued improvement in liquidity through free cash flow generation, with no near-term debt maturities.