Playtika Holding today released financial results for its second quarter for the period ending June 30, 2024.

Revenue was $627.0 million decreased (3.7)% sequentially and (2.5)% year over year.. DTC platforms revenue of $173.7 million increased 1.3% sequentially and 5.1% year over year.. Net income of $86.6 million increased 63.4% sequentially and 14.4% year over year.

“We are focused on the resilience and potential of our leading games and our strategic initiatives aimed at revitalizing our portfolio,” said Robert Antokol, Chief Executive Officer. “We are actively pursuing opportunities to broaden our game offerings through M&A. Our focus is on identifying studios that complement our existing games and drive long-term value.”

“Our focus on our direct-to-consumer business and our highly disciplined approach to managing operating expenses has led to a notable improvement in our margins on a sequential basis,” said Craig Abrahams, President and Chief Financial Officer. “We are taking steps to ensure sustained growth and profitability and we remain committed to delivering long-term value to our players and shareholders, our focus on execution remains unwavering.”