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Business
May 9, 2023
Playtika Outlines Financial Results for Q1 2023
According to the company’s financial highlights, Playtika was able to generate revenue of $656.2 million, up 4% from the fourth quarter of 2022, but still down 3.1% year-over-year when compared with Q1 2022. Playtika Posts Quarterly and Annual Gains and Losses The company said that its quarter-over-quarter DTC platforms revenue hit $151.5 million, which was […]
Business
April 11, 2023
Private Equity Firms Show Interest in Israel-Based Playtika
The Israel-based digital entertainment company, developing and publishing mobile gambling games, Playtika, continues to pursue options for a strategic combination or takeover. It was back in February last year when the company confirmed plans for a strategic combination and even the possibility of a sale. Not unexpectedly, since the announcement, Playtika’s shares picked up. Despite […]
Business
March 23, 2023
Rovio Turns Down Playtika’s Acquisition Bid
Playtika, an Israel-based digital entertainment company that develops and publishes mobile games and gambling titles, has wrapped up the negotiations for the acquisition of Rovio. While the latter company, best known for its Angry Birds franchise, will not go through with the deal, it will continue the negotiations with other parties. This news comes in […]
Business
March 7, 2023
Playtika Appoints Two New Members in Leadership Team
The positions were filled by Gili Brudno and Darlan Monterisi respectively. They both have more than 20 years of experience in their fields and are part of Playtika’s ambitious plans moving forward. The hires follow a relatively tumultuous period for the company. New Hires Bring Lots of Experience Gili Brudno’s CHRO position comes with responsibilities […]
Business
December 12, 2022
Playtika, Ready to Cut 12-15% of Its Headcount During Second Wave of Layoffs
Israeli mobile gaming entertainment and technology company that uses art and science to create entirely customized game experiences Playtika has announced its second wave of employee layoffs. In June, the company announced it would bid goodbye to around six percent of its workforce, or the equivalent of 250 of its employees part of game development […]
Business
November 24, 2022
Playtika Completes $25М Ace Games Investment
Mobile gaming entertainment and technology company Playtika Holdings announced the successful completion of a $25 million minority investment in Turkish mobile gaming developer Ace Games. The move aims to bolster Playtika’s international growth and expand the company’s footprint in the mobile gaming market. Playtika Invests in Winning Verticals Playtika’s newest investment comes not long after […]
Business
November 8, 2022
Playtika Holdings Reports Stable Revenue and a Drop in Net Income for Q3
At the beginning of August, NASDAQ-listed mobile gaming entertainment and technology company Playtika Holdings reported a stable revenue for Q2 2022 along with a net income drop of around 60%. Now, the company has published its third-quarter results for the period ending September 30. Among the most important markers highlighted by the report, we can […]
Business
August 5, 2022
Q2 Playtika Revenue Stable, Net Income Down Almost 60%
The company’s Q1 results were much stronger and the tougher operating climate seems to be the story most companies to show such results resort to. Financial Results Speak for Themselves Although Playtika’s revenue has remained almost unchanged, sitting at $659.6 million, compared to $659.2 million in the same period last year, net income has seen […]
Casino
March 25, 2022
Playtika Purchased JustPlay.LoL to Diversify Gaming Portfolio
Playtika has purchased JustPlay.LoL, a platform that has developed the battle royale game 1v1.LOL. The title is a third-person shooter game that is predicated on experiences similar to Garena Free Fire, PlayerUnknown’s Battlegrounds, and Fortnite. 1v1.LOL Makes Fine Addition to Playtika’s Portfolio Playtika has completed the acquisition in a bid to continue adding to what […]
Blockchain
March 11, 2022
Playtika Hires Web 3.0 Specialist Jacob Mendel to Its Team
Playtika, an Israeli digital entertainment company producing mobile casino games, has reinforced its team by appointing Jacob Mendel as the vice president of blockchain technology. Mendel Brings Two Decades of Experience to the Company Blockchain technology is one of the hot topics in the gambling industry. When it comes to innovation, the possibilities of the […]