Playtika: Fourth Quarter Financial Overview

Playtika Reports Fourth Quarter Financial Results

Playtika Holding Corp., headquartered in Herzliya Pituarch, Israel, announced a net loss of $309.3 million for the fourth quarter.

The company reported a loss of 82 cents per share. However, after adjusting for special items, earnings were 24 cents per share.

These adjusted earnings surpassed analysts’ expectations, as the consensus from three Zacks Investment Research analysts had predicted 14 cents per share.

During the quarter, Playtika generated $678.8 million in revenue, outperforming the $667.1 million estimate from analysts surveyed by Zacks.

Looking ahead, Playtika anticipates its annual revenue will fall between $2.7 billion and $2.8 billion.

Report created by Automated Insights using data provided by Zacks Investment Research.