Playtika : PLTK Q1 2026 Earnings Presentation Final

Published: 2026-05-07 08:33:11 ET PLTK

Published on 05/07/2026 at 08:33 am EDT

May 7, 2026

Note: USD in millions.

See appendix for definitions of Adjusted EBITDA and Adjusted Net Income. Adjusted EBITDA and Adjusted Net Income are non-gaap measures, see reconciliation on slides 12 and 13.

3

Note: See appendix for definitions of Average Daily Paying Users and Average Payer Conversion.

Total Revenue

+5.5%

Direct-to-Consumer Platforms Revenue

+62.8%

Third-Party Platforms Revenue

(14.0)%

Net Income

N/A

Adjusted EBITDA and Margin

(25.2)%

Average Daily Paying Users (in millions)

(0.8)%

Average Daily Active Users (in millions)

(4.4)%

Average Revenue per Daily Active User

+8.0%

Average Payer Conversion

+20bps

Revenue Mix (Casual and Social Casino)

Revenue Mix

(DTC and 3rd Party Platforms)

Available Liquidity

(as of 03/31/26)

Debt Maturity Profile

(as of 03/31/26)

Capital Structure and

Capital Allocation

Approximately $1.3 billion in availability liquidity. $868

million in available pro forma liquidity(1)

Liquidity is expected to continue to improve with Free Cash Flow generation

Net LTM leverage of approximately 2.9x(2).

Note: USD in millions.

FY26 Initial Guidance

FY26 Updated Guidance

Revenue

$2,700 million to $2,800 million

$2,750 million to $2,850 million

Adjusted EBITDA

$730 million to $770 million

$750 million to $790 million

Adjusted EBITDA Margin

27% to 27.5%

27.3% to 27.7%

Capital Expenditures

$80 million

$80 million

Adjusted 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 measu re in each case as determined in accordance with GAAP.

Our 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.

We define Adjusted Net Income as net income before (i) impairment charges, and (ii) contingent consideration.

Adjusted 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 Adju sted Net Income should not be construed as an inference that our future results will be unaffected by unusual or unexpected items.

Three Months Ended,

March 31, 2025

June 30, 2025

September 30,

2025

December 31, 2025

March 31, 2026

Adjusted EBITDA Reconciliation

Net Income (Loss)

$

30.6

$

33.2

$

39.1

$

(309.3)

$

(57.5)

Provision for income taxes

10.5

11.9

19.0

(7.9)

(16.3)

Interest expense and other, net

26.7

64.6

40.3

36.2

24.2

Depreciation and Amortization

59.2

61.0

59.3

55.3

44.9

EBITDA

$

127.0

$

170.7

$

157.7

$

(225.7)

$

(4.7)

Impairment charges

-

0.4

1.5

4.5

-

Stock-based compensation (1)

25.5

17.5

21.8

17.7

14.1

Contingent consideration

6.9

(33.0)

30.8

394.1

95.0

Acquisition and related expenses (2)

6.5

3.6

5.3

9.6

7.2

Other items (3)

1.4

7.8

0.4

1.2

13.6

Adjusted EBITDA

$

167.3

$

167.0

$

217.5

$

201.4

$

125.2

Reflects stock-based compensation expense related to the issuance of equity awards to our employees and Directors.

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.

The amount for the three months ended March 31, 2026 consists entirely of severance and the amount for the three months ended March 31, 2025 consist primarily of $0.7 million of severance incurred by the company.

March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026

Net Income Reconciliation

Net Income (Loss)

$

30.6

$

33.2 $

39.1

$

(309.3)

$

(57.5)

Impairment charges

-

0.4

1.5

4.5

-

Contingent consideration

6.9

(33.0)

30.8

394.1

95.0

Income tax impact of adjustments

(1.3)

5.9

(5.6)

(0.3)

(23.9)

Adjusted Net Income

$

36.2

$

6.5 $

65.8

$

89.0

$

13.6

Disclaimer

Playtika Holding Corp. published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 12:32 UTC.