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Playtika (PLTK) investor relations material
Playtika Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY2025 revenue reached $2,755.4 million, up 8.1% year-over-year, with Q4 revenue at $678.8 million and Adjusted EBITDA of $201.4 million, driven by D2C and SuperPlay performance.
Net loss for FY2025 was $206.4 million; adjusted net income was $197.5 million.
D2C revenue grew 43.2% year-over-year in Q4, reaching $250.1 million, and annual D2C revenue was $814.5 million.
Casual games comprised 70.8%–74% of FY25 revenue, reflecting a successful portfolio evolution.
Average daily paying users in Q4 were 357,000–370,000, up 0.8% sequentially and 18.6% year-over-year.
Financial highlights
Full-year 2025 revenue was $2,755.4 million, up 8.1% year-over-year.
Net loss for the year was $206.4 million; adjusted net income was $197.5 million.
Adjusted EBITDA for the year was $753.2 million, down 0.6% year-over-year; Q4 Adjusted EBITDA was $201.4 million, up 9.5% year-over-year.
Record free cash flow of $481.6 million for the year, up 21.4% year-over-year.
Cash and short-term investments stood at $820.2 million at year-end.
Outlook and guidance
FY2026 revenue guidance: $2.7–$2.8 billion; Adjusted EBITDA: $730–$770 million; CapEx: $80 million; effective tax rate: 30%.
Adjusted EBITDA margin projected at 27–27.5%.
Marketing spend will be weighted toward the first half of 2026, impacting Q1 Adjusted EBITDA.
D2C remains a core growth driver, with a long-term target of 40% of revenue.
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