Uncategorized
Playtika Holding Reports Q1 2023 Financial Results
Playtika Holding Corp. has released its financial results for the first quarter of 2023.
Financial Highlights:
- Revenue of $656.2 million increased 4.0% sequentially and decreased (3.1)% year over year.
- DTC platforms revenue of $151.5 million increased 0.9% sequentially and decreased (0.6)% year over year.
- Net income of $84.1 million decreased (3.9)% sequentially and increased 1.1% year over year.
- Credit Adjusted EBITDA of $222.7 million increased 9.9% sequentially and 12.8% year over year.
- Cash and cash equivalents totaled $767.2 million as of March 31, 2023.
Robert Antokol, Chief Executive Officer of Playtika, said: “Playtika continues to deliver personalized immersive entertainment experiences enjoyed by millions of players each day across our diverse portfolio of games. Our unrivaled LiveOps expertise along with our robust tech stack, including our AI powered Digital Studio, delivers unique capabilities to drive efficiencies and optimize the player experience, resulting in increased conversion and organic, sequential growth.”
Craig Abrahams, President and Chief Financial Officer of Playtika, said: “The strategic decisions we made last year propelled us to enhance our margin profile while growing revenues sequentially. We will continue to efficiently invest in our technology while maximizing ROI across our portfolio, positioning ourselves to outperform in the years to come.”
Selected Operational Metrics and Business Highlights
- Average Daily Paying Users of 326K increased 4.2% sequentially and 0.9% year over year.
- Average Payer Conversion of 3.6%, up from 3.5% in the prior quarter and 3.2% in the prior year period.
- Casual games revenue increased 7.1% sequentially and 4.1% year over year.
- Social casino-themed games revenue increased 0.3% sequentially and decreased (11.0)% year over year.
- Bingo Blitz revenue of $159.2 million increased 2.6% sequentially and 13.0% year over year.
- Solitaire Grand Harvest revenue of $85.5 million increased 17.4% sequentially and 29.0% year over year.
- Slotomania revenue of $146.6 million decreased (1.7)% sequentially and (12.1)% year over year.
Powered by WPeMatico
Reading Time: 2 minutes
One of betting and gaming’s best-known customer acquisition and comparison businesses, Quantum, has announced the next steps in its ambitious growth plan by welcoming two new director-level appointees.
Joining the business are Dimitris Papamichael as commercial director and Luke Watkin as marketing director – both in newly created roles. They come in alongside a full C-suite and a full team of new tech hires that continues a recruitment drive which began in 2023 – and reflects Quantum’s rapid and consistent growth throughout the last five years.
Papamichael will be responsible for all revenue-generating activities across the business in a pivotal leadership role. He’ll shape Quantum’s commercial strategy as the company diversifies into new verticals while maintaining its strong position in the iGaming sector. He’ll also lead an expanding team of commercial and sales managers.
Watkin will lead the development and execution of the marketing strategy across all business verticals. As marketing director, he’ll be instrumental in shaping Quantum’s marketing vision, building scalable systems, and delivering commercial impact as it expands into new markets. Watkin will build and mentor a high-performing marketing team and is also tasked with driving further recruitment.
Speaking of the appointments and new strategic direction, CMO James McCarthy said: “It’s a pleasure to welcome Dimitris and Luke to Quantum during what is undoubtedly a really fascinating time in our growth. From cementing our relationship with some of iGaming’s biggest names to helping us expand into exciting new sectors, both of our new Directors will be integral to the continued success of the business.”
Papamichael said: “I’m thrilled to be joining Quantum at such an exciting stage of its incredible growth journey. The company has already achieved so much, and there’s huge potential ahead as we expand into new markets and sectors. I can’t wait to work with the exceptionally talented team here to seize the many opportunities ahead and drive the next phase of growth.”
Watkin said: “I am delighted to join a business with such a proven track record of excellence in its core markets, as well as highly ambitious plans for strategic expansion into new markets and territories. I am looking forward to contributing towards building on the exceptional progress the team has made to date, and accelerating that growth in the years ahead.”
This people news comes hot on the heels of the company’s exciting rebrand news of last week, moving toward the “quantum” in QiH Group” as well as redefining the business’ purpose and strategic direction.
The post Quantum continues expansion streak with two director-level new hires appeared first on European Gaming Industry News.
Reading Time: < 1 minute
The post FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS” appeared first on European Gaming Industry News.
Reading Time: < 1 minute
The post PHP13 MILLION UP FOR GRABS IN PAGCOR’S LINKED BINGO EVENT appeared first on European Gaming Industry News.
-
Denmark6 days agoPeter & Sons Expands Its Danish Presence Through Partnership with Spillehallen
-
Baltics5 days ago
DATA.BET Now Powers Esports for Entain NCE Across Baltics & Nordics
-
Latest News5 days agoReels.io Goes Live with Vegangster’s Next-Gen Video Discovery
-
Demi Gods VII Ultra Mode5 days ago
Spinomenal presents: Demi Gods VII Ultra Mode
-
Latest News5 days ago
7StarsPartners Announces the Door to Dubai Promotion, Featuring a Grand Prize: A Luxury Apartment in Dubai
-
Limit7 days ago
No Limit Casino 2025: JACKBIT Leads as the No Limit Online Casino for High-Roller Players & 7,000+ Games
-
Latest News5 days ago
Dive for riches in Relax Gaming release Treasure Tumble Dream Drop
-
20 Bulky Fruits Buy Bonus5 days ago
Amusnet Introduces Exciting Fruity Adventure – 20 Bulky Fruits Buy Bonus!
