Playtika | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 674.6 M

Revenue: As of FY2025 Q3, the actual value is USD 674.6 M, beating the estimate of USD 667.54 M.

EPS: As of FY2025 Q3, the actual value is USD 0.11, missing the estimate of USD 0.146.

EBIT: As of FY2025 Q3, the actual value is USD 98.4 M.

Revenue

• Total revenue for Q3 2025 was $674.6 million, a decrease of 3.1% sequentially but an increase of 8.7% year over year.
• Direct-to-Consumer (DTC) revenue reached a record $209.3 million, increasing 19.0% sequentially and 20.0% year over year.

Operational Metrics

• GAAP Net Income for Q3 2025 was $39.1 million, which increased 17.8% sequentially but decreased 0.5% year over year.
• Adjusted Net Income was $65.8 million, showing a significant increase of 912.3% sequentially and 16.3% year over year.
• Adjusted EBITDA was $217.5 million, up 30.2% sequentially and 10.3% year over year.
• Operating income for Q3 2025 was $98.4 million, compared to $97.5 million in Q3 2024.

Cash Flow

• Cash flows from operating activities for the nine months ended September 30, 2025, were $281.8 million, compared to $337.0 million for the same period in 2024.
• Free Cash Flow for the nine months ended September 30, 2025, was $217.9 million, down from $268.3 million in the same period in 2024.

Unique Metrics

• Average Daily Paying Users (DPUs) were 354K, a decrease of 6.3% sequentially but an increase of 17.6% year over year.
• Average Payer Conversion was 4.3%, up from 4.0% in Q3 2024 and consistent with Q2 2025.

Outlook / Guidance

• Playtika reaffirms its guidance of revenue between $2.70 and $2.75 billion and maintains its Adjusted EBITDA between $715 and $740 million for the year.
• The company expects liquidity to continue improving with Free Cash Flow generation.
• The extension of the maturity date of the Revolving Credit Facility to September 2027 is subject to certain conditions, including regulatory approval in China.