Playtika Sees FY23 Revenue $2.57B-$2.62B Vs $2.61B Est
Portfolio Pulse from Benzinga Newsdesk
Playtika has revised its FY23 revenue forecast to the lower end of the previously provided range of $2.57B-$2.62B, which is slightly below the estimated $2.61B. The company also expects to be at the higher end of the Credit Adj. EBITDA range of $805M-$830M. Capital expenditures are now expected to be between $100M and $105M, down from $115M-$120M.
August 08, 2023 | 10:39 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Playtika's revised FY23 revenue forecast is slightly below estimates, which could negatively impact investor sentiment. However, the expected decrease in capital expenditures could be seen as a positive sign of cost management.
Playtika's revised revenue forecast is slightly below the estimated $2.61B, which could lead to negative investor sentiment and potentially a decrease in the stock price. However, the company's expected decrease in capital expenditures could be seen as a positive sign of cost management, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100