Playtika Holding (PLTK) 3 Nov 212021 Q3 Earnings call transcript

Good morning, ladies and gentlemen. Thank you for standing by, and welcome to the Third Quarter 2021 Earnings Call for Playtika Holding Corp. [Operator Instructions]. I would now like to hand the conference over to your speaker host today, Mr. David Niederman, Vice President of Investor Relations.

thank XXXX joining Holding earnings and the today Corp. everyone, quarter third call to you us for for Welcome for Playtika

not other and These may some Financial the revenue Officer. are beyond rather apply Joining update these and These undertake a Robert like limited representing to comments you performance, Craig subject are this call as to, the that I'd views statements after but statements, Playtika's CEO today's statements statements and them including, you and Co-Founder not our guarantee discussion of Abrahams, We of Chief no future in me should obligation to risks future and forward-looking on future. call. of not operating company's and as today President and anticipated forward-looking our to remind performance. uncertainties, Playtika; of today, contain are rely on which Antokol, control. the are but

discussion and For more with uncertainties, the SEC. filings our complete the a see please of risks

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thank joining you, you, Thank and David, us today. everyone,

many We stage terms of for made have setting recently exciting good had the growth and developments progress in in XXXX.

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casual spend me portfolios. reviewing and our time casino theme some Let

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shifted towards also We budgets Android.

believe in evaluate very acquisition the quickly overall us of sources, performance intelligence and artificial mentioned, our UA changes Playtika best allows well to results. abilities that the and we weather yield to we direct positioned analytics investments areas that environment As dollars marketing and data due diversification to is of the user to

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be to impact continue platforms revenues This a strong in proprietary to from margin source the quarter. Our EBITDA our adjusted reduced for of the lower-than-expected strength Playtika.

million million XX.X%. $XXX.X and line net of income XX.X% compared This representing was sales third a EBITDA all the million, quarter. we our compares and our future R&D, continue in the add Adjusted growth support $XXX.X expectations to expenses, a our essentially quarter operating $XX.X and to prior margin members of was Regarding as in with marketing year G&A XXXX. team GAAP to in million margin were to plans. $XXX.X

cash we XX, September in equivalents. and As had approximately cash $X billion of

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[Operator question from the first Morgan Brian Nowak Instructions]. with our line Stanley. coming of And

Brian. for if have I on two, I Matt could. It's

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the for Thanks Matt. question. Sure,

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to forward there's well. as guidance, QX, that the implied roll in EBITDA you As you'll see a lower

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David. Good Thanks, question. Sure.

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Engagement.

The engagement trends.

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Creutz next from the coming question with Our line Doug Cowen. of

drive just foot has point the It Switchcraft? gas acquired for bit launched looks to you're to little a the road plan kind your try you if you pretty spending like your How put more title. velocity about I'm been users modest a there users map to on your of to download since it. talk you now? which Can UA was in wondering

Yes. the for question. Thanks

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with line question And showing for Antokol turn coming further the at Chantel I'm closing Robert the Brad over back I Our any questions this Capital of to Mr. next no time. [ph]. remarks. from will now call

you, on to our for be thank you to Thank Q&A. call. have So the -- guys,

are really really about our the beginning of very the the said, changes we main thing games. excited we excited our again, We're the think and are see last at a Playtika. happened about quarter thing for in excited we acquiring I main We're new future, call, X did from that as about not quarters for future, that's launching And from X game. we said X future the good a in we And speaking I'm about focusing the Redecor. about years we and our or now. now. speaking I'm

the much. we year So going, for start strongly next so and the this where are is call. going and we to Thank you are see you very next

our gentlemen, for that and you Thank conference today. for participation. does conclude Ladies your

You may disconnect. now