Playtika (PLTK) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $673.8M, down 0.1% YoY and 7.8% QoQ; GAAP net income was $40.4M and adjusted net income was $120.7M.

• Record adjusted EBITDA was $252.1M, up 15.9% YoY and 22.3% QoQ; margin reached 37.4%, versus 32.2% a year earlier.

• The Board completed its strategic-alternatives review and chose continued independent execution, with balance-sheet strengthening a priority.

Financial highlights

• 9M revenue was $2,149.6M versus $2,076.6M; adjusted EBITDA was $583.4M versus $551.8M, while net income fell to $30.9M from $102.9M.

• Q3 operating income was $116.2M versus $98.4M YoY; 9M operating income was $201.2M versus $275.9M.

• Q3 net income margin was 6.0% versus 5.8% YoY; adjusted net income margin was 17.9%.

• Q3 G&A included an $80.0M SuperPlay contingent-consideration revaluation expense; excluding revaluation, G&A declined 27.3% YoY.

Outlook and guidance

• FY 2026 revenue guidance was reaffirmed at $2.75B–$2.85B and adjusted EBITDA at $750M–$790M, with both expected around their midpoints.

• Q4 marketing is expected to follow the planned cadence, with scope for more user acquisition where returns are attractive; 2027 spend is expected to be seasonally stronger in Q1.

• Liquidity and operating cash flows are expected to cover normal operating needs and capital expenditures for the next 12 months and foreseeable future.

• Long-term debt obligations are expected to be met through operating cash flows, refinancing existing facilities or additional debt issuances.