Why Israeli Digital Entertainment Company Playtika's Shares Are Falling Today
Portfolio Pulse from Nabaparna Bhattacharya
Playtika Holding Corp. (NASDAQ:PLTK) reported Q3 sales of $630.10 million, missing the street view of $638.18 million. Revenue decreased 2% sequentially and 2.7% YoY. The company reported quarterly EPS of $0.10, missing the analyst consensus of $0.19. Average daily paying users decreased 3.5% YoY, while DTC platforms revenue decreased 2.6% sequentially. The company expects FY23 revenue of $2.550 billion-$2.565 billion, versus the Street view of $2.58 billion.
November 08, 2023 | 4:30 pm
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Playtika's Q3 results missed estimates, with a decrease in revenue and user base. The company's FY23 revenue guidance also falls short of expectations, which may negatively impact the stock price.
Playtika's Q3 results missed estimates, with a decrease in revenue and user base. This underperformance, coupled with a lower-than-expected FY23 revenue guidance, could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100