Playtika (PLTK) investor relations material

Executive summary

• Q1 2026 revenue reached $744.7 million, up 9.7% sequentially and 5.5% year over year, driven by record DTC revenue and rapid scaling of Disney Solitaire, offsetting declines in slot-themed games.

• Net loss was $(57.5) million, primarily due to non-cash contingent consideration from the SuperPlay acquisition and increased marketing expenses; adjusted net income was $13.6 million.

• Adjusted EBITDA was $125.2 million (16.8% margin), down from $167.3 million year over year, reflecting front-loaded investments in SuperPlay.

• Strategic focus on high-return opportunities in casual games, with DTC as a core driver of improved unit economics and cash flow.

• Tae Lee was appointed Chief Financial Officer, effective May 5, 2026.

Financial highlights

• Q1 2026 revenue was $744.7 million, up from $706.0 million in Q1 2025.

• Adjusted EBITDA was $125.2 million (16.8% margin); net loss was $(57.5) million; adjusted net income was $13.6 million.

• DTC revenue hit $291.8 million, up 16.7% sequentially and 62.8% year over year.

• Top three revenue titles: Bingo Blitz ($153.7M, down 5.4% YoY), Disney Solitaire ($123.3M, up 72.1% sequentially), June's Journey ($76.0M, up 10.4% YoY).

• Free cash flow for the quarter was $2.6 million, up from $(6.5) million in Q1 2025.

Outlook and guidance

• Full-year 2026 revenue guidance raised to $2.75–$2.85 billion (from $2.7–$2.8B); adjusted EBITDA guidance increased to $750–$790 million.

• Guidance reflects strong execution and flexibility to reinvest in growth opportunities in H2, not just maximizing near-term EBITDA.

• Capital expenditures forecasted at $80 million for FY26.

• Management expects continued investment in sales and marketing, especially for newly acquired studios.

• Company believes cash, equivalents, and operating cash flows are sufficient for operating requirements and capital expenditures for the next 12 months and foreseeable future.