Grand News Network | November 8, 2023

Why Israeli Digital Entertainment Company Playtika's Shares Are Falling Today

Playtika Holding Corp. (NASDAQ: PLTK) reported Q3 sales of $630.10 million, missing the street view of $638.18 million. Revenue decreased 2% sequentially and 2.7% year over year.

The company reported quarterly EPS of $0.10, missing the analyst consensus of $0.19.

Average daily paying users of 299K decreased 3.5% year over year, while the average payer conversion of 3.6% increased from 3.4% in the prior year period.

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