Playtika's Q3 Net Income Rises; Revenue Declines; Updates 2024 Guidance

MT Newswires Live11-07

Playtika (PLTK) reported Q3 net income Thursday of $0.11 per diluted share, up from $0.10 a year earlier.

Analysts surveyed by Capital IQ expected $0.18.

Revenue for the quarter ended Sept. 30 was $620.8 million, down from $630.1 million a year earlier.

Analysts surveyed by Capital IQ expected $622.1 million.

The digital entertainment company said it now expects 2024 revenue to be in a range of $2.51 billion to $2.52 billion. The company previously projected revenue to be at the lower end of a range between $2.52 billion and $2.62 billion. Analysts surveyed by Capital IQ expect $2.54 billion.

The company said it has retained a quarterly dividend of $0.10 per share, payable Jan. 3 to shareholders of record on Dec. 20.

Shares of the company were down 5% in recent early Thursday trading.

Price: 7.80, Change: -0.41, Percent Change: -4.99%

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