{"url_path":"/sec/pltk/8-k/2026-05-08/body","section_key":"body","section_title":"Body","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1828016/0001828016-26-000036-index.html","accession_number":"0001828016-26-000036","cik":"0001828016","ticker":"PLTK","issuer_name":"Playtika Holding Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1828016/0001828016-26-000036-index.html","primary_entity_key":"0001828016","primary_entity_name":"Playtika Holding Corp."},"word_count":2276,"has_tables":true,"body_markdown":"EX-99.1\n2\na2026q1ex991-earningsrelea.htm\nEX-99.1\n\nDocument\n\nExhibit 99.1\n\nPlaytika Holding Corp. Reports Q1 2026 Financial Results\n\nRevenue of $744.7 million and Direct-to-Consumer (“DTC”) Revenue of $291.8 million\n\nRevenue Increased 9.7% Sequentially and 5.5% Year Over Year\n\nDTC Platforms Revenue Increased 16.7% Sequentially and 62.8% Year Over Year\n\nHerzliya, Israel - May 7, 2026 - Playtika Holding Corp. (NASDAQ: PLTK) today released financial results for its first quarter for the period ending March 31, 2026.\n\nFinancial Highlights\n\n•Revenue of $744.7 million increased 9.7% sequentially and 5.5% year over year.\n\n•Record DTC platforms revenue of $291.8 million increased 16.7% sequentially and 62.8% year over year.\n\n•Net Loss of $(57.5) million and Adjusted Net Income of $13.6 million.\n\n•Net Loss reflects a non-cash impact from contingent consideration remeasurement related to the earnout payment tied to the SuperPlay acquisition.\n\n•Adjusted EBITDA of $125.2 million decreased (37.8)% sequentially and (25.2)% year over year.\n\n•Cash, cash equivalents, and short-term investments totaled $779.2 million as of March 31, 2026.\n\n“We delivered a strong start to 2026, led by continued momentum in Disney Solitaire and another quarter of record breaking performance in Direct-to-Consumer,” said Robert Antokol, Chief Executive Officer. “Just as importantly, we are seeing signs of improved stability across our organic portfolio quarter over quarter. We remain focused on disciplined execution, investing behind the opportunities we believe can drive sustained engagement and long-term value creation.”\n\n“Q1 performance is ahead of our prior expectations, with SuperPlay tracking ahead of plan and the core portfolio showing strength,” said Tae Lee, Chief Financial Officer. “Our Adjusted EBITDA for the quarter reflects a planned, front-loaded investment cadence as SuperPlay scales, which we expect to normalize over the year.”\n\nBoard Appoints Tae Lee as Chief Financial Officer\n\nThe Board of Directors has appointed Tae Lee as Chief Financial Officer, effective May 5th, following his service as Acting Chief Financial Officer since April 2026.\n\nSelected Operational Metrics and Business Highlights\n\n•Average Daily Paying Users of 387K increased 8.4% sequentially and decreased (0.8)% year over year.\n\n•Average Payer Conversion of 4.5%, consistent with Q4 2025 conversion and up from 4.3% in Q1 2025.\n\n•Bingo Blitz revenue of $153.7 million decreased (3.0)% sequentially and (5.4)% year over year.\n\n•Disney Solitaire revenue of $123.3 million increased 72.1% sequentially.\n\n•June’s Journey revenue of $76.0 million increased 8.7% sequentially and 10.4% year over year.\n\n•All-time high in revenue and DTC platforms revenue.\n\nFinancial Outlook\n\nWe are raising our full-year 2026 guidance to $2.75 - $2.85 billion (from $2.70 - $2.80 billion) and increasing our Adjusted EBITDA range to $750 - $790 million (from $730 - $770 million).\n\nConference Call\n\nPlaytika management will host a conference call at 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time) today to discuss the company’s results. The conference call can be accessed via a webcast accessible at investors.playtika.com. A replay of the call will be available through the website one hour following the call and will be archived for one year.\n\nSummary Operating Results of Playtika Holding Corp.\n\nThree months ended March 31,\n\n(in millions, except percentages, Average DPUs, and ARPDAU)20262025\n\nRevenues$744.7 $706.0 \n\nTotal costs and expenses$794.3 $638.2 \n\nOperating income (loss)$(49.6)$67.8 \n\nNet income (loss)$(57.5)$30.6 \n\nAdjusted EBITDA$125.2 $167.3 \n\nNet income margin(7.7)%4.3 %\n\nAdjusted EBITDA margin16.8 %23.7 %\n\nNon-financial performance metrics\n\nAverage DAUs8.6 9.0 \n\nAverage DPUs (in thousands)387 390 \n\nAverage Daily Payer Conversion4.5 %4.3 %\n\nARPDAU$0.94 $0.87 \n\nAverage MAUs30.1 31.8 \n\nAbout Playtika Holding Corp.\n\nPlaytika (NASDAQ: PLTK) is a mobile gaming entertainment and technology market leader with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free-to-play social games on social networks and, shortly after, on mobile platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world through infinite ways to play, Playtika has employees across offices worldwide.\n\nForward Looking Information\n\nThis press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Exchange Act. All statements other than statements of historical facts contained in this press release, including statements regarding our business strategy, plans and our objectives for future operations, are forward-looking statements. Further, statements that include words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “future,” “intend,” “intent,” “may,” “might,” “potential,” “present,” “preserve,” “project,” “pursue,” “should,” “will,” or “would,” or the negative of these words or other words or expressions of similar meaning may identify forward-looking statements.\n\nWe have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. The achievement or success of the matters covered by such forward-looking statements involves significant risks, uncertainties and assumptions, including, but not limited to, the risks and uncertainties discussed in our filings with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment and industry. As a result, it is not possible for our management to assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking\n\nstatements discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated, predicted or implied in the forward-looking statements.\n\nImportant factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include without limitation:\n\n•actions of our majority shareholder or other third parties that influence us;\n\n•our reliance on third-party platforms, such as the iOS App Store and Google Play Store, to distribute our games and collect revenues, and the risk that such platforms may adversely change their policies;\n\n•our reliance on a limited number of games to generate the majority of our revenue;\n\n•our reliance on a small percentage of total users to generate a majority of our revenue;\n\n•our free-to-play business model, and the value of virtual items sold in our games, is highly dependent on how we manage the game revenues and pricing models;\n\n•our inability to refinance our indebtedness, including, without limitation, our $550 million revolving credit facility which is set to expire in March 2027, or to obtain additional financing on favorable terms or at all;\n\n•our inability to identify acquisition targets that fit our strategy or complete acquisitions and integrate any acquired businesses successfully or realize the anticipated benefits of such acquisitions could limit our growth, disrupt our plans and operations or impact the amount of capital allocated to mergers and acquisitions;\n\n•our ability to compete in a highly competitive industry with low barriers to entry;\n\n•our ability to retain existing players, attract new players and increase the monetization of our player base;\n\n•our ability to develop and/or launch new products and content or otherwise execute against our product roadmap strategy;\n\n•we have significant indebtedness and are subject to the obligations and restrictive covenants under our debt instruments;\n\n•the impact of an economic recession or periods of increased inflation, and any reductions to household spending on the types of discretionary entertainment we offer;\n\n•our controlled company status;\n\n•legal or regulatory restrictions or proceedings could adversely impact our business and limit the growth of our operations;\n\n•risks related to our international operations and ownership, including our significant operations in Israel and Ukraine and the fact that our controlling stockholder is a Chinese-owned company;\n\n•geopolitical events such as the Wars in Israel and Ukraine;\n\n•our reliance on key personnel;\n\n•market conditions or other factors affecting the payment of dividends, including the decision whether or not to pay a dividend;\n\n•uncertainties regarding the amount and timing of repurchases under our stock repurchase program;\n\n•security breaches or other disruptions could compromise our information or our players’ information and expose us to liability; and\n\n•our inability to protect our intellectual property and proprietary information could adversely impact our business.\n\nPLAYTIKA HOLDING CORP.\n\nCONSOLIDATED BALANCE SHEETS\n\n(In millions, except par value)\n\nMarch 31,December 31,\n\n20262025\n\n(Unaudited)\n\nASSETS\n\nCurrent assets\n\nCash and cash equivalents$779.2 $684.2 \n\nShort-term investments— 136.0 \n\nRestricted cash1.5 1.5 \n\nAccounts receivable180.0 161.8 \n\nPrepaid expenses and other current assets108.2 80.4 \n\nTotal current assets1,068.9 1,063.9 \n\nProperty and equipment, net96.4 102.9 \n\nOperating lease right-of-use assets118.6 124.2 \n\nIntangible assets other than goodwill, net401.0 425.7 \n\nGoodwill1,695.7 1,695.7 \n\nDeferred tax assets, net173.7 173.2 \n\nInvestments in unconsolidated entities17.3 17.5 \n\nOther non-current assets115.3 115.8 \n\nTotal assets$3,686.9 $3,718.9 \n\nLIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)\n\nCurrent liabilities\n\nCurrent maturities of long-term debt$11.1 $11.1 \n\nAccounts payable87.3 80.3 \n\nContingent consideration459.0 454.0 \n\nOperating lease liabilities25.4 27.5 \n\nAccrued expenses and other current liabilities321.3 395.0 \n\nTotal current liabilities904.1 967.9 \n\nLong-term debt2,375.4 2,378.0 \n\nContingent consideration370.0 280.0 \n\nOperating lease liabilities108.3 115.4 \n\nDeferred tax liabilities5.1 8.2 \n\nOther long-term liabilities387.1 380.8 \n\nTotal liabilities4,150.0 4,130.3 \n\nCommitments and contingencies\n\nStockholders' equity (deficit)\n\nCommon stock of $0.01 par value; 1,600.0 shares authorized; 432.2 and 428.8 shares issued, respectively, and 380.4 and 377.0 shares outstanding, respectively\n4.3 4.3 \n\nTreasury stock at cost, 51.8 shares\n(603.5)(603.5)\n\nAdditional paid-in capital1,436.2 1,423.1 \n\nAccumulated other comprehensive income8.6 15.9 \n\nAccumulated deficit(1,308.7)(1,251.2)\n\nTotal stockholders' deficit(463.1)(411.4)\n\nTotal liabilities and stockholders’ deficit$3,686.9 $3,718.9 \n\nPLAYTIKA HOLDING CORP.\n\nCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME\n\n(In millions, except for per share data)\n\n(Unaudited)\n\nThree months ended March 31,\n\n20262025\n\nRevenues$744.7 $706.0 \n\nCosts and expenses\n\nCost of revenue192.2 197.4 \n\nResearch and development98.0 103.8 \n\nSales and marketing360.6 271.8 \n\nGeneral and administrative143.5 65.2 \n\nTotal costs and expenses794.3 638.2 \n\nIncome (loss) from operations(49.6)67.8 \n\nInterest and other, net24.2 26.7 \n\nIncome (loss) before income taxes(73.8)41.1 \n\nProvision for income taxes(16.3)10.5 \n\nNet income (loss)(57.5)30.6 \n\nOther comprehensive income (loss)\n\nForeign currency translation— 7.2 \n\nChange in fair value of derivatives(7.3)(6.7)\n\nTotal other comprehensive income (loss)(7.3)0.5 \n\nComprehensive income (loss)$(64.8)$31.1 \n\nNet income (loss) per share attributable to common stockholders, basic$(0.15)$0.08 \n\nNet income (loss) per share attributable to common stockholders, diluted$(0.15)$0.08 \n\nWeighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic378.3 375.4 \n\nWeighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted378.3 376.0 \n\nPLAYTIKA HOLDING CORP.\n\nCONSOLIDATED STATEMENTS OF CASH FLOWS\n\n(In millions)\n\n(Unaudited)\n\nThree months ended March 31,\n\n20262025\n\nCash flows from operating activities$22.8 $18.8 \n\nCash flows from investing activities\n\nPurchase of property and equipment(5.7)(10.4)\n\nCapitalization of internal use software costs(8.9)(8.3)\n\nPurchase of software for internal use(5.6)(6.6)\n\nProceeds from short-term investments135.6 — \n\nPurchase of short-term investments— (79.5)\n\nOther investing activities0.1 (0.3)\n\nNet cash provided by (used in) investing activities115.5 (105.1)\n\nCash flows from financing activities\n\nDividend paid(37.7)(37.3)\n\nRepayments on bank borrowings(4.8)(4.8)\n\nPayment of tax withholdings on stock-based payments(1.1)(0.5)\n\nPayment for share buyback— (4.8)\n\nNet cash used in financing activities(43.6)(47.4)\n\nEffect of exchange rate changes on cash and cash equivalents and\n\nrestricted cash\n0.3 2.3 \n\nNet change in cash, cash equivalents and restricted cash95.0 (131.4)\n\nCash, cash equivalents and restricted cash at the beginning of the period685.7 567.7 \n\nCash, cash equivalents and restricted cash at the end of the period$780.7 $436.3 \n\nCALCULATION OF FREE CASH FLOW\n\n(In millions)\n\nThree months ended March 31,\n\n20262025\n\nCash flows from operating activities$22.8 $18.8 \n\nPurchase of property and equipment(5.7)(10.4)\n\nCapitalization of internal use software costs(8.9)(8.3)\n\nPurchase of software for internal use(5.6)(6.6)\n\nFree Cash Flow$2.6 $(6.5)\n\nNon-GAAP Financial Measures\n\nAdjusted EBITDA and Adjusted Net Income are non-GAAP financial measures and should not be construed as an alternative to net income as an indicator of operating performance, nor as an alternative to cash flow provided by operating activities as a measure of liquidity, or any other performance measure in each case as determined in accordance with GAAP.\n\nOur Credit Agreement defines Adjusted EBITDA as net income before (i) interest expense, (ii) interest income, (iii) provision for income taxes, (iv) depreciation and amortization expense, (v) impairment charges, (vi) stock-based compensation, (vii) contingent consideration, (viii) acquisition and related expenses, and (ix) certain other items. We calculate Adjusted EBITDA Margin as Adjusted EBITDA divided by revenues.\n\nWe define Adjusted Net Income as net income before (i) impairment charges, and (ii) contingent consideration.\n\nAdjusted EBITDA, Adjusted EBITDA Margin and Adjusted Net Income as calculated herein may not be comparable to similarly titled measures reported by other companies within the industry and are not determined in accordance with GAAP. Our presentation of Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Net Income should not be construed as an inference that our future results will be unaffected by unusual or unexpected items.\n\nRECONCILIATION OF NET INCOME TO ADJUSTED EBITDA\n\n(In millions)\n\nThe following table sets forth a reconciliation of Adjusted EBITDA to net income, the closest GAAP financial measure:\n\nThree months ended March 31,\n\n20262025\n\nNet income (loss)$(57.5)$30.6 \n\nProvision for income taxes(16.3)10.5 \n\nInterest expense and other, net24.2 26.7 \n\nDepreciation and amortization44.9 59.2 \n\nEBITDA(4.7)127.0 \n\nStock-based compensation(1)\n14.1 25.5 \n\nChanges in estimated value of contingent consideration95.0 6.9 \n\nAcquisition and related expenses(2)\n7.2 6.5 \n\nOther items(3)\n13.6 1.4 \n\nAdjusted EBITDA$125.2 $167.3 \n\nNet income margin(7.7)%4.3 %\n\nAdjusted EBITDA margin16.8 %23.7 %\n\n_________\n\n(1)    Reflects stock-based compensation expense related to the issuance of equity awards to our employees and Directors.\n\n(2)    Includes costs incurred to evaluate and pursue acquisition activities as well as costs incurred by the Company in connection with the evaluation of strategic alternatives.\n\n(3)    Amounts for the three months ended March 31, 2026 consists entirely of severance, and the amount for the three months ended March 31, 2025 consists primarily of $0.7 million of severance incurred by the Company.\n\n    \n\nRECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME\n\n(In millions)\n\nThe following table sets forth a reconciliation of Adjusted Net Income to net income (loss), the closest GAAP financial measure:\n\nThree months ended March 31,\n\n20262025\n\nNet income (loss)$(57.5)$30.6 \n\nChanges in estimated value of contingent consideration95.0 6.9 \n\nIncome tax impact of adjustments(23.9)(1.3)\n\nAdjusted Net Income$13.6 $36.2 \n\nContacts\n\nInvestor Relations\n\nIR@playtika.com"}