PLTK Stock Recent News

The mean of analysts' price targets for Playtika (PLTK) points to a 41.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Playtika Hunkers Down As New Title Marketing Idles

Against a backdrop of brewing recession fears, Israel-based digital entertainment company Playtika (US:PLTK) has benefitted from strong investor demand in recent trading sessions.

Playtika (PLTK) delivered earnings and revenue surprises of 50% and 0.51%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

HERZLIYA, Israel, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Playtika Holding Corp. (NASDAQ:PLTK) announced today it will release financial results for the fourth quarter and full-year 2022 before U.S. markets open on Tuesday, February 28, 2023.

Playtika Holding Corp. sweetened its all-cash offer for “Angry Birds” publisher Rovio Entertainment Corp. by a little more than 6% on Thursday.

Israeli gaming firm Playtika Holding Corp said on Monday it would cut its workforce by about 15% as part of a restructuring, as the gaming sector faces a slowdown.

Mobile-games designer Playtika Holding Corp. PLTK, +2.99% plans to lay off about 15% of its workforce, Chief Executive Robert Antokol said in an email to employees that was also filed with the Securities and Exchange Commission. "As we assess the current environment and look toward the future, Playtika must return to our roots of excellence through agility, efficiency, creativity and being obsessed with winning to deliver the most fun forms of mobile entertainment to our players," he said in the message.

Playtika, the Israeli tech company that made its name with through a series of wildly successful online gambling and gaming titles with hundreds of millions of players, is leveling the latest swing of the layoffs pendulum. The company today has confirmed that it is laying of 15% of its staff.

Playtika Holding Corp. (NASDAQ:PLTK ) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants David Niederman - Vice President of Investor Relations Robert Antokol - Co-Founder, Chairman and Chief Executive Officer Craig Abrahams - President and Chief Financial Officer Eric Rapps - Chief Strategy Officer Conference Call Participants Matthew Cost - Morgan Stanley Eric Handler - MKM Partners LLC Colin Sebastian - Robert W. Baird & Co. Stephen Ju - Credit Suisse AG Clark Lampen - BTIG, LLC Eric Sheridan - Goldman Sachs Douglas Creutz - Cowen and Company, LLC Jason Bazinet - Citigroup, Inc. Omar Dessouky - Bank of America Merrill Lynch Franco Granda - D.A.