Playtika Holding Corp. reported record first-quarter 2025 revenue of $706.0 million, an 8.4% increase year-over-year, marking the highest quarterly revenue in the company's history. Direct-to-Consumer (DTC) revenue also saw growth, reaching $179.2 million, up 4.5% year-over-year.
Despite the revenue growth, GAAP net income for Q1 2025 decreased significantly by 42.3% year-over-year to $30.6 million, and Adjusted EBITDA declined by 9.9% year-over-year to $167.3 million. The company reaffirmed its full-year 2025 guidance for revenue between $2.80 billion and $2.85 billion and Adjusted EBITDA between $715 million and $740 million.
Bingo Blitz achieved all-time high revenue, demonstrating the continued strength of Playtika's largest title. However, Slotomania's revenue was $111.8 million, down 17.4% year-over-year, with management expecting further declines due to resurfacing game economy issues. The newly launched Disney Solitaire is showing promising signs and is anticipated to reach a $100 million run-rate revenue faster than previous SuperPlay titles.
Playtika also announced an agreement to extend the maturity of its Revolving Credit Facility to September 2027 from March 2026, while decreasing the aggregate principal amount from $600 million to $550 million. The Board of Directors declared a cash dividend of $0.10 per share, payable on July 7, 2025, to stockholders of record as of June 23, 2025.
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