Playtika Holding Corp PLTK

Communication ServicesSoftware & IT ServicesIsrael

Last close 1.98 USD on Nov 1, 2026, −49.9% year to date

Quant rating

Quant rating C Rank 87 of 152 in Communication Services

Growth A 15 of 152
Valuation A 22 of 152
Quality C 73 of 152
Revisions C 78 of 152
Momentum D 137 of 152

Wall Street consensus Hold (2.75)Average target 4.60 USD +132.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 755M
Enterprise value: 2.7B
52-week range: 1.89 – 4.42
3-year range: 1.89 – 9.09
Dividend yield: 0.00%
Beta (5 years): 1.07
Shares outstanding: 381M
Next earnings: Nov 5, 2026

About the company

Playtika Holding Corp. is a mobile gaming entertainment and technology company with a portfolio of multiple game titles. The Company is a developer of mobile games. It has built best-in-class live game operations services and a proprietary technology platform to support its portfolio of games. The Company offers free-to-play social games on social networks and on mobile platforms. It distributes its games to the end customer through various web and mobile platforms, such as Apple and Google and other web and mobile platforms, plus its own Direct-to-Consumer (DTC) platforms. Through these platforms, users can download its free-to-play games and can purchase virtual items. The Company’s games include Slotomania, Bingo Blitz, House of Fun, Caesars Slots, Best Fiends, June’s Journey, Solitaire Grand Harvest, Board Kings, Poker Heat, Domino Dream, and others. The Company’s games are available on iOS App Store and Google Play Store.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,755	2,549	2,567	2,616	2,583	–
Revenue growth	8.1%	−0.7%	−1.9%	1.3%	8.9%	3.0%
EPS (basic, normalized)	−0.55	0.44	0.64	0.69	0.75	–
EPS growth	–	−31.2%	−7.2%	−8.0%	–	–
Gross margin	72.5%	72.9%	72.0%	71.9%	71.8%	72.2%
Net margin	−7.5%	6.4%	9.2%	10.5%	11.9%	6.1%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	438
Current ratio	1.14x
Long-term debt (mil)	2,373
Net debt (mil)	1,945
Total equity (mil)	−400
Net debt / equity	−4.86x
Net debt / EBITDA	2.58x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	2,755	+8.1%	1.0x	753	+1.1%	3.6x	−0.55	−225.0%	−3.6x
2026	2,780	+0.9%	1.0x	760	+0.9%	3.6x	0.42	+176.8%	4.7x
2027	2,778	−0.1%	1.0x	799	+5.1%	3.4x	0.69	+63.0%	2.9x
2028	2,815	+1.3%	1.0x	819	+2.4%	3.3x	0.74	+8.2%	2.7x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,780	+0.1%	−0.9%	+0.3%	0.42	−0.9%	−11.1%	−15.0%
2027	2,778	−0.3%	−2.3%	−2.0%	0.69	−2.1%	+2.2%	+9.6%
2028	2,815	−0.3%	−2.5%	−2.3%	0.74	−3.6%	+2.7%	+6.3%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	651	627	621	650	706	696	675	679	745	731
Sales mean (mil)	642	640	623	633	700	705	670	662	695	710
Surprise	+1.5%	−2.1%	−0.3%	+2.7%	+0.9%	−1.3%	+0.7%	+2.6%	+7.2%	+3.0%
EPS reported	0.16	0.23	0.11	−0.04	0.10	0.09	0.11	−0.82	0.04	0.13
EPS mean	0.16	0.17	0.18	0.18	0.12	0.13	0.15	0.14	0.08	0.17
Surprise	+0.5%	+34.6%	−38.2%	−122.4%	−17.0%	−32.0%	−25.4%	−706.6%	−50.8%	−22.2%

Peer comparison Software & IT Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
PLTK Playtika Holding Corp	755M	2.58x	−7.5%	−1.89x	4.7x	2.9x	3.6x	3.4x
GOOGL Alphabet Inc.	3.43T	−0.67x	32.8%	5.08x	14.1x	18.6x	14.3x	10.9x
0700 Tencent Holdings Limited	444.6B	0.29x	29.9%	2.61x	11.2x	10.8x	8.5x	7.8x
META Meta Platforms, Inc.	1.60T	0.01x	37.1%	5.77x	21.3x	18.2x	11.4x	8.9x
NFLX Netflix, Inc.	254.9B	0.49x	24.3%	8.70x	17.3x	16.5x	15.3x	13.3x
SPOT Spotify Technology S.A.	122.0B	−3.72x	12.9%	13.04x	44.7x	34.7x	32.5x	24.9x
Mean		−0.17x	21.6%	5.55x	18.9x	17.0x	14.3x	11.5x
Median		0.15x	27.1%	5.42x	15.7x	17.4x	12.9x	9.9x

Technical analysis

1M−7.0%
3M−50.3%
1Y−46.6%
3Y−72.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Playtika Holding Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	2,755	2,549	2,567	2,616	2,583	2,372
Cost of revenue	758	692	718	736	729	712
Gross profit	1,997	1,857	1,848	1,880	1,854	1,659
Selling, general & administrative expenses	1,168	988	885	936	905	1,003
Research & development	427	403	406	472	387	269
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	8.0	83.9	54.2	–	–	–
Other operating expenses	399	−9.8	1.4	0	0	0
Operating income	−5.1	392	502	471	562	387
Net interest income (expense)	−168	−111	−109	−110	−154	−192
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−0.3	−0.4	−0.5	−0.2	0.3	−0.3
Net income before taxes	−173	280	392	361	408	194
Provision for taxes	33.5	118	157	85.5	99.9	102
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−206	162	235	275	308	92.1
Extraordinary items	–	–	–	–	–	–
Net income	−206	162	235	275	308	92.1
EBIT, normalized	38.6	525	572	538	631	484
EBITDA, normalized	273	691	730	700	777	604
Basic EPS, normalized	−0.55	0.44	0.64	0.69	0.75	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Playtika Holding Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	820	566	1,030	769	1,117	520
Receivables	167	197	172	141	144	129
Total inventory	–	–	–	–	–	–
Prepaid expenses	70.0	88.7	133	73.0	50.9	84.2
Other current assets	6.4	21.3	17.2	42.1	24.0	20.9
Total current assets	1,064	873	1,351	1,025	1,336	754
Property, plant & equipment	227	205	220	230	193	172
Goodwill	1,696	1,692	987	811	788	485
Intangibles	426	562	311	354	417	328
Long-term investments	17.5	20.6	54.4	52.6	17.8	–
Note receivable	108	153	–	–	–	–
Other long-term assets	182	133	251	225	51.7	37.3
Total assets	3,719	3,639	3,175	2,698	2,803	1,776
Liabilities
Accounts payable	80.3	58.6	65.0	50.7	45.7	34.6
Payable/accrued	–	–	–	–	–	–
Accrued expenses	341	341	376	335	318	480
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	11.1	11.6	16.8	12.4	12.2	105
Other current liabilities	536	148	81.4	63.5	194	21.3
Total current liabilities	968	559	540	462	570	640
Long-term debt	2,378	2,388	2,400	2,411	2,423	2,210
Minority interest	–	–	–	–	–	–
Other liabilities	784	823	457	393	188	169
Total liabilities	4,130	3,770	3,396	3,266	3,181	3,020
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	4.3	4.1	4.1	4.1	4.1	3.9
Additional paid-in capital	1,423	1,363	1,265	1,156	1,033	462
Retained earnings (accumulated deficit)	−1,251	−894	−908	−1,143	−1,418	−1,726
Treasury stock	−604	−604	−604	−604	–	–
Other equity	15.9	−0.2	20.6	17.6	3.2	16.7
Total equity	−411	−131	−222	−569	−378	−1,244
Total liabilities & shareholders' equity	3,719	3,639	3,175	2,698	2,803	1,776

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Playtika Holding Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−206	162	235	275	308	92.1
Depreciation, depletion & amortization	235	166	158	162	146	119
Deferred taxes	−68.0	−46.5	−46.6	−46.0	−72.7	−13.1
Non-cash items	505	166	170	120	126	286
Changes in working capital	102	43.2	−1.2	−18.0	44.7	33.1
Cash from operations	568	490	516	494	552	518
Investing activities
Capital expenditures	−86.1	−93.3	−79.2	−110	−99.6	−98.1
Other investing cash flows	−136	−689	−161	35.4	−510	0
Cash from investing	−222	−782	−240	−74.6	−609	−98.1
Financing activities
Financing cash flow items	−40.5	−31.0	−3.9	−633	458	−23.0
Cash dividends paid	−150	−112	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−39.3	−24.6	−14.3	−19.0	101	−158
Cash from financing	−230	−167	−18.2	−652	560	−181
Foreign exchange effects	2.0	−4.9	4.1	−15.7	−6.6	13.3
Net change in cash	118	−464	261	−249	495	252
Free cash flow	482	397	436	384	452	420

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.