Stock Track | Playtika Stock Plunges 5.6% Pre-Market on Q3 Miss, Lower Guidance

Stock Track11-07

Shares of Playtika Holding Corp. (NASDAQ: PLTK) plunged 5.6% in pre-market trading on Tuesday after the mobile game developer reported disappointing third-quarter results and lowered its full-year revenue guidance.

For the third quarter of 2024, Playtika reported earnings per share of $0.11, missing the analyst consensus estimate of $0.18 by a significant margin of nearly 39%. The company's revenue of $620.8 million also fell short of the expected $622.51 million.

Adding to the disappointment, Playtika lowered its full-year 2024 revenue guidance to a range of $2.505 billion to $2.52 billion, down from the previous range of $2.52 billion to $2.62 billion. The lowered guidance suggests a potential slowdown in the company's growth trajectory.

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(NASDAQ: PLTK) plunged 5.6% in pre-market trading on Tuesday after the mobile game developer reported disappointing third-quarter results and lowered its full-year ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLTK","symbol_name":"Playtika Holding Corp.","start_time":0,"source_url":"","article_id":"1167622340","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167622340","pubTimestamp":1730989717,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Playtika Holding Corp.  plunged 5.6% in pre-market trading on Tuesday after the mobile game developer reported disappointing third-quarter results and lowered its full-year revenue guidance.For the third quarter of 2024, Playtika reported earnings per share of $0.11, missing the analyst consensus estimate of $0.18 by a significant margin of nearly 39%. 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