# Playtika Holding Corp. (PLTK)

> Source: Nexqual · https://nexqual.com/PLTK · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Playtika Holding Corp. (PLTK), nexqual.com/PLTK" · informational, not investment advice.

**Price:** USD 2.06 (+0.00% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 2.06 · day 2.05–2.11 · 52w 2.04–4.42 · market cap $786M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.83B, net income -$280M (-9.9% margin), free cash flow $419M (SEC filings).
- Analysts: Hold (mean 2.82 on a 1–5 scale) (11 analysts), mean target USD 4.73 (range 2.75–14).
- Total return with dividends: 1Y -41.7% vs S&P 500 +14.9%; 5Y -91.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.22, revenue estimate $667M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.58B | $2.62B | $2.57B | $2.55B | $2.76B | $2.83B |
| Gross profit | $1.85B | $1.88B | $1.85B | $1.86B | $2.00B | — |
| Operating income | $562M | $471M | $502M | $392M | -$5.1M | -$97.6M |
| Net income | $309M | $275M | $235M | $162M | -$206M | -$280M |
| EPS (diluted) | $0.75 | $0.69 | $0.64 | $0.44 | -$0.55 | — |
| Free cash flow | $504M | $425M | $483M | $449M | $531M | $419M |
| Gross margin | 71.8% | 71.9% | 72.0% | 72.9% | 72.5% | — |
| Operating margin | 21.8% | 18.0% | 19.5% | 15.4% | -0.2% | -3.4% |
| Net margin | 11.9% | 10.5% | 9.2% | 6.4% | -7.5% | -9.9% |
| Revenue growth | +8.9% | +1.3% | -1.9% | -0.7% | +8.1% | — |
| Cash + short-term investments | $1.12B | $769M | $1.03B | $566M | $820M | — |
| Total debt | $2.44B | $2.42B | $2.42B | $2.40B | $2.39B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.3x · EV/Sales 1.0x · P/FCF 1.9x · FCF yield 53.34% · Earnings yield -35.60% · Dividend yield (paid, TTM) 14.38% · Net debt $1.95B · EV $2.73B
P/E at fiscal year-ends: Dec 2024 15.9x, Dec 2023 13.6x.

## Analysts
Consensus Hold (mean 2.82 on a 1–5 scale), 11 analysts; mean target USD 4.73 (low 2.75, high 14).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Citigroup | Target lowered | Buy | $4 → $3.5 |
| 2026-09-03 | Citigroup | Target lowered | Buy | $4.5 → $4 |
| 2026-08-31 | Roth Capital | Target lowered | Neutral | $3.5 → $2.75 |
| 2026-08-03 | Wedbush | Target raised | Neutral | $3 → $4 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -41.7% | -91.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -41.8% | -38.7% |
| Volatility (annualized) | 60.0% | 51.7% |
| Max drawdown | -51.9% (Dec 2025→Oct 2026) | -91.5% (Oct 2021→Oct 2026) |

## Peers (Electronic Gaming & Multimedia)
DDI (DoubleDown Interactive Co., Ltd) USD 13.34 -2.91% · GRVY (GRAVITY Co., Ltd.) USD 66.19 -0.05% · SOHU (Sohu.com Limited) USD 12.73 +1.68% · RBLX (Roblox Corporation) USD 53.96 +2.68% · TTWO (Take-Two Interactive Software, ) USD 207.81 +0.80% · NTES (NetEase, Inc.) USD 118.67 -3.50%

## More
Full page: https://nexqual.com/PLTK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in PLTK's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/1828016/000182801626000010/playtika-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Meta Platforms (META) | "•we rely on third-party platforms, such as the iOS App Store, Facebook, and Google Play Store, to distribute our games and collect revenues, and such platforms may adversely change their policies;" |
| Customer | Alphabet (Google) (GOOGL) | "Apple's and Google's terms of service require publishers of applications that include "loot boxes" to disclose the odds of receiving each type of item within each loot box to customers prior to purchase." |
| Customer | Apple (AAPL) | "Apple's and Google's terms of service require publishers of applications that include "loot boxes" to disclose the odds of receiving each type of item within each loot box to customers prior to purchase." |
| Customer | Wayfair Inc. (W) | "Wayfair, Inc. et al, or Wayfair, that online sellers can be required to collect sales and use tax despite not having a physical presence in the state of the customer." |
| Partner | Walt Disney (DIS) | "Also, notably, our fastest-growing title in 2025 was Disney Solitaire, a licensed collaboration between Disney and Pixar Games and our SuperPlay studio based on Disney intellectual property." |
| Partner | SuperPlay | "Also, notably, our fastest-growing title in 2025 was Disney Solitaire, a licensed collaboration between Disney and Pixar Games and our SuperPlay studio based on Disney intellectual property." |
| Competitor | Tencent | "Our primary competitors include Tencent Holdings, Activision Blizzard (Microsoft), Electronic Arts, Zynga (Take-Two Interactive), SciPlay (Light & Wonder), Product Madness (Aristocrat), Moon Active, Scopely (Savvy Games)…" |
| Competitor | Microsoft (MSFT) | "Our primary competitors include Tencent Holdings, Activision Blizzard (Microsoft), Electronic Arts, Zynga (Take-Two Interactive), SciPlay (Light & Wonder), Product Madness (Aristocrat), Moon Active, Scopely (Savvy Games)…" |
| Competitor | Netflix (NFLX) | "With its expansive customer base and vast resources, Netflix could pose a material competitive threat to the Company's business." |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| USA | $437.1M | 59.8% | -0.2% |
| EMEA | $187.2M | 25.6% | +13.7% |
| APAC | $64.6M | 8.8% | +26.9% |
| Other | $42.2M | 5.8% | -0.5% |
| Total revenue | $731.1M | 100% | — |

## Company outlook (8-K filed 2026-08-06)

- "We are reaffirming our full-year 2026 guidance ranges of $2.75 - $2.85 billion in revenue and $750 - $790 million in Adjusted EBITDA."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.22 | $0.28 | -21.4% | $667.0M | 1 |
| Next quarter (ends 2026-12-31) | $0.59 | $0.47 | +26.9% | $635.6M | 1 |
| Current fiscal year (ends 2026-12-31) | $0.93 | $1.03 | -10.6% | $2.78B | 2 |
| Next fiscal year (ends 2027-12-31) | $0.65 | $0.93 | -30.1% | $2.78B | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±27.8%; last 8 reports averaged ±11%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 82.9% | ±27.8% |
| 2026-12-18 | 56 | 97.5% | ±37.4% |
| 2027-02-19 | 119 | 59.0% | ±24.2% |