Playtika Holding Corp. (PLTK)
NASDAQ:PLTK
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Playtika Holding
(NASDAQ:PLTK)
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Rating:52Neutral
Price Target:
$3.50
▼(-3.31% Downside)
Action:Reiterated
Date:05/09/26
The score is held back primarily by weakened profitability and elevated balance-sheet risk (negative equity with sizable debt), despite strong free cash flow generation. Technicals are moderately supportive, while valuation signals are mixed due to a negative P/E and a high yield that is undermined by the dividend suspension; guidance and strategic actions suggest operational progress but also ongoing uncertainty (earn-out volatility and strategic review).
Positive Factors
Cash generation
Sustained, strong operating and free cash flow provides durable funding for operations, funding the SuperPlay earn-out, selective buybacks, capex, and debt reduction. Positive cash conversion cushions the company through reported GAAP losses and supports strategic optionality over the next 2–6 months.
Negative Factors
High leverage & negative equity
Persistent negative equity and elevated debt constrain financial flexibility, increase refinancing and covenant risk, and slow deleveraging even with strong cash flow. This structural balance-sheet weakness limits M&A optionality and capital returns until substantial debt reduction or equity restoration occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Sustained, strong operating and free cash flow provides durable funding for operations, funding the SuperPlay earn-out, selective buybacks, capex, and debt reduction. Positive cash conversion cushions the company through reported GAAP losses and supports strategic optionality over the next 2–6 months.
Read all positive factors
Playtika Holding Key Performance Indicators (KPIs)
Any
Revenue by Segment
Reveals how much revenue each business area generates, highlighting which segments drive growth and profitability, and where there might be opportunities or challenges.
Reveals how much revenue each business area generates, highlighting which segments drive growth and profitability, and where there might be opportunities or challenges.
Data provided by:
The Fly
The FlyPlaytika Holding (PLTK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.33B
Dividend Yield9.98%
Average Volume (3M)1.12M
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue Growth7.30%
EPS Growth-307.46%
CountryUS
Employees3,500
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.77
Shares Outstanding380,379,550
10 Day Avg. Volume1,323,957
30 Day Avg. Volume1,120,200
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)-3.61
Price to Sales (P/S)0.54
P/FCF Ratio2.80
Enterprise Value/Market Cap2.31
Enterprise Value/Revenue1.10
Enterprise Value/Gross Profit1.50
Enterprise Value/Ebitda10.01
Forecast
1Y Price Target
$5.54Price Target Upside52.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.43
Revenue Forecast (FY)$2.81B
Playtika Holding Business Overview & Revenue Model
Company Description
Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer...
How the Company Makes Money
Playtika primarily makes money through in-app purchases in its free-to-play mobile games. Players can download and play at no cost, and a portion of users (often referred to as “payers”) buy virtual items—such as in-game currency, chips/coins, pow...
Playtika Holding Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Neutral
The call presented a mixed but constructive picture: strong operating progress in strategic areas (record free cash flow, rapid D2C scaling, and significant SuperPlay growth) balanced against material GAAP-level volatility and obligations from the SuperPlay earn-out, a suspended dividend, sequential DAU declines, and near-term margin cadence due to marketing. Management emphasizes portfolio diversification, disciplined capital allocation, and confidence in the casual/D2C transition, but acknowledged uncertainty and non-cash accounting impacts that depress reported GAAP results.Positive Updates
Quarterly Revenue and Adjusted EBITDA
Q4 revenue of $678.8 million and Adjusted EBITDA of $201.4 million; revenue up 0.6% sequentially and 4.4% year-over-year; Q4 Adjusted EBITDA up 9.5% year-over-year (but down 7.4% sequentially).
Negative Updates
GAAP Net Loss Driven by Contingent Consideration
Q4 GAAP net loss of $309.3 million (compared to prior quarter net income of $39.1 million) and full-year net loss of $206.4 million, primarily due to a $394.1 million non-cash contingent consideration remeasurement tied to the SuperPlay earn-out recorded in G&A.
Read all updates
Q4-2025 Updates
Positive
Negative
Quarterly Revenue and Adjusted EBITDA
Q4 revenue of $678.8 million and Adjusted EBITDA of $201.4 million; revenue up 0.6% sequentially and 4.4% year-over-year; Q4 Adjusted EBITDA up 9.5% year-over-year (but down 7.4% sequentially).
Read all positive updates
Company Guidance
Playtika guided full-year 2026 revenue of $2.7–$2.8 billion, Adjusted EBITDA of $730–$770 million, capital expenditures of $80 million and an effective tax rate of 30%, noting marketing will be weighted to the first half (particularly Q1) which should depress Q1 Adjusted EBITDA with recovery in later quarters; the company suspended its quarterly dividend, will keep buybacks available, may prioritize debt reduction where sensible, and expects to fund the SuperPlay earn-out from cash on hand (~$820.2 million). For context, management highlighted 2025 results of $2.755 billion revenue, Adjusted EBITDA $753.2 million (27.3% margin), adjusted net income $197.5 million (7.2% margin), net loss $206.4 million (-7.5% margin), record free cash flow $481.6 million (+21.4% YoY), and operational metrics including D2C at ~36.8% of revenue (~$1 billion run rate), ARPDAU $0.93, DAU 7.9 million and DPU 357,000.Playtika Holding Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
22
Negative
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.79B | 2.76B | 2.55B | 2.57B | 2.62B | 2.58B |
| Gross Profit | 2.04B | 2.00B | 1.86B | 1.85B | 1.88B | 1.85B |
| EBITDA | 306.30M | 133.10M | 601.40M | 704.30M | 640.30M | 703.10M |
| Net Income | -294.50M | -206.40M | 162.20M | 235.00M | 275.30M | 308.50M |
Balance Sheet | ||||||
| Total Assets | 3.69B | 3.72B | 3.64B | 3.17B | 2.70B | 2.80B |
| Cash, Cash Equivalents and Short-Term Investments | 780.70M | 820.20M | 565.80M | 1.03B | 768.70M | 1.12B |
| Total Debt | 2.52B | 2.65B | 2.50B | 2.52B | 2.53B | 2.53B |
| Total Liabilities | 4.15B | 4.13B | 3.77B | 3.40B | 3.27B | 3.18B |
| Stockholders Equity | -463.10M | -411.40M | -131.10M | -221.50M | -568.60M | -377.70M |
Cash Flow | ||||||
| Free Cash Flow | 560.62M | 531.40M | 449.20M | 483.00M | 383.70M | 452.10M |
| Operating Cash Flow | 593.25M | 567.70M | 490.10M | 515.60M | 493.70M | 551.70M |
| Investing Cash Flow | -9.25M | -221.70M | -782.10M | -240.20M | -74.60M | -609.40M |
| Financing Cash Flow | -233.51M | -230.00M | -167.10M | -18.20M | -652.00M | 559.70M |
Playtika Holding Technical Analysis
Negative
3.62
Price Trends
3.27
Positive
3.37
Positive
3.53
Negative
Market Momentum
0.07
Positive
48.95
Neutral
45.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PLTK, the sentiment is Negative. The current price of 3.62 is above the 20-day moving average (MA) of 3.58, above the 50-day MA of 3.27, and above the 200-day MA of 3.53, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 48.95 is Neutral, neither overbought nor oversold. The STOCH value of 45.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PLTK.
Playtika Holding Risk Analysis
Playtika Holding disclosed 73 risk factors in its most recent earnings report. Playtika Holding reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Playtika Holding Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $601.58M | 2.96 | 12.16% | ― | 9.94% | -2.42% | |
68 Neutral | $290.41M | 4.86 | -64.47% | 18.48% | ― | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $1.33B | ― | 113.59% | 9.98% | 7.30% | -307.46% | |
51 Neutral | $59.74M | -1.40 | -15.65% | ― | -15.86% | -16.59% | |
48 Neutral | $104.71M | ― | -55.16% | ― | 21.25% | -77.13% |
* Communication Services Sector Average
PLTK
Playtika Holding
3.49
-0.80
-18.63%
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GDEV
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MYPS
PLAYSTUDIOS
0.47
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Playtika Holding Corporate Events
Business Operations and Strategy
Playtika Launches Strategic Review to Explore Alternatives
Negative
Apr 6, 2026
On April 6, 2026, Playtika Holding Corp. announced that its board has formed a Special Committee of independent directors to conduct a comprehensive review of strategic alternatives across its portfolio to unlock and enhance shareholder value. The...
Private Placements and Financing
Playtika Holding Announces New Revolving Credit Facility
Positive
Feb 17, 2026
On February 16, 2026, Playtika Holding Corp. executed a fifth amendment to its existing credit agreement, arranging to refinance its current $550 million revolving credit facility with a new $550 million revolving credit facility scheduled to beco...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.