The chart below shows how PLTK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PLTK sees a +9.88% change in stock price 10 days leading up to the earnings, and a +3.93% change 10 days following the report. On the earnings day itself, the stock moves by -2.78%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Quarterly Revenue Decline: For the quarter, we generated $620.8 million of revenue, down 1% sequentially and down 1.5% year-over-year.
EBITDA Margin Improvement: Credit adjusted EBITDA margins improved over Q2 as we generated credit adjusted EBITDA of $197.2 million, up 3.2% sequentially and down 4.1% year-over-year.
Net Income Analysis: Net income was $39.3 million, down 54.6% sequentially and up 3.7% year-over-year.
Direct-to-Consumer Performance: Our direct-to-consumer business continues to outperform the overall business as we generated $174.4 million which was up 0.4% sequentially and up 8.3% year-over-year.
Bingo Blitz Revenue Increase: Bingo Blitz revenue was $159.9 million, up 2.7% sequentially and up 6.8% year-over-year.
Negative
Revenue Decline Analysis: Revenue decreased by 1% sequentially and 1.5% year-over-year, totaling $620.8 million.
Net Income Analysis: Net income was $39.3 million, down 54.6% sequentially and up 3.7% year-over-year.
DAU Decline Analysis: Average DAU decreased by 6.2% sequentially and 9.5% year-over-year to $7.6 million.
Slotomania Revenue Decline: Slotomania revenue was $128.7 million, down 3.8% sequentially and down 9.3% year-over-year.
Rising Sales Expenses: Sales and marketing expenses increased by 5% year-over-year, indicating rising costs without corresponding revenue growth.
Playtika Holding Corp. (PLTK) Q3 2024 Earnings Call Transcript
PLTK.O
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