Sections

Playtika revenues jump 20%

Mobile publisher raises forecast in first quarterly report covering the post-IPO era

Playtika's post-IPO life is off to a solid start. The mobile publishing and monetization company this week reported its first quarterly results covering the business since it went public in January, and raised its full-year guidance in the process.

For the three months ended March 31, Playtika reported revenues up 20% to $639 million, while comprehensive income was down 23% to $25.7 million.

"Our business displayed excellent momentum in the first quarter, and we experienced strong performance across all parts of our company," Playtika president and CFO Craig Abrahams said.

The company reported revenues from its casual portfolio of games grew 30% year-over-year, while individual titles like Solitaire Grand Harvest and Board Kings grew revenue 60% and 57%, respectively.

Despite the increased revenue, Playtika saw fewer users during the quarter, with average daily active users down 10% to 10.4 million and monthly active users down 15% to 31.4 million.

The results were enough for Playtika to raise its expectations for the fiscal year, as it is now forecasting revenue of $2.6 billion (up from $2.44 billion) and adjusted earnings of $1 billion, up from $920 million.

More stories

“The next frontier for AR”: Why Niantic is sharing its tech with Lightship

The Pokémon Go developer on how to finally move augmented reality beyond a novelty in mobile gaming

By James Batchelor

Krafton leads $11m funding round in Tamatem Games

Mobile publisher to expand in Saudi Arabia and launch training programme for local talent

By Marie Dealessandri

Latest comments

Sign in to contribute

Need an account? Register now.