Playtika stock sinks to all-time low

Israeli mobile phone developer Playtika Holding Corp. (NASDAQ: PLTK) is 2.84 % in the morning trading today in Wall Street, which is the lowest level ever, and gives the market value of $ 1.93 billion. This comes after divers of 22.9 % in shares in the last two commercial sessions last week after publishing its financial results for the fourth and full year 2024 and directives for 2025. The company that is based in Herzelia, led by CEO and founder Robert Anukol, was held in NASDAQ four years ago in a $ 11 evaluation.

In the fourth quarter of 2024, Playtika recorded revenues of $ 650 million, an increase of 1.9 % over the corresponding quarter of 2023. The annual revenue in 2024 amounted to $ 2.55 billion, a decrease of 0.7 % from 2023, and slightly higher than the expectations of analysts. Playtika recorded a net loss of $ 16.7 million in the fourth quarter, but a net profit of $ 162 million in 2024, a decrease of 31 % from 2023. The company noted that revenues from direct sales to consumers increased by 0.1 % from the previous quarter and 8 % of the opposite quarter of about $ 175 million. At the end of 2024, Playtika had approximately $ 566 million in cash, after obtaining an Israeli playing company SuperPlay last year for $ 700 million (in addition to possible prominent landmark payments).

The company predicts a return to growth in 2025, with revenues of $ 2.8-2.8 billion, with the mid-direction range below the analyst's expectations. Antocol said: “We are happy with the progress that we made in implementing our strategy to grow, which was highlighted by the successful acquisition of the super match. Given the future, we are excited about our pipeline from new games and the opportunities for continuous integration and purchases, which we believe will pay a consistent growth on a higher line and create value for our shareholders.”

According to the Wall Street Journal, 12 Playtika arrow analysts cover with the majority (8) neutral, three positive and one negative. After the stock decrease, its average price is 54 % higher than the closing price on Friday.

It was published by Globes, Israel Business News – En.globes.co.il – on March 3, 2025.

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