Playtika Q4 revenue hits $637.9 million

Finance News

Playtika Holdings recorded higher revenue but lower earnings in the fourth quarter as costs rose and its average daily paying user count declined year-over-year.

The Israel-based mobile gaming company posted a profit of $37.3 million, or 10 cents a share, compared with $87.5 million, or 24 cents a share, in the same quarter a year ago.

Analysts polled by FactSet had been expecting earnings of 17 cents a share.

Revenue came in at $637.9 million, up from $631.2 million and clearing analyst forecasts for $630.2 million, according to FactSet.

Average daily paying users for the quarter came in at 306,000, down 2.2% from a year ago.

For 2024, the company is guiding for $2.52 billion to $2.62 billion in revenue. Analysts surveyed by FactSet had been projecting just over $2.62 billion in annual revenue.