Playtika reports Q1 EPS 14c, consensus 16c

Reports Q1 revenue $651.2M, consensus $641.59M. “We are fully committed to execution, building on our operational advancements,” said CEO Robert Antokol. “The actions we are taking, including restructuring our executive team and streamlining leadership, are designed to position us to return to growth in the mobile gaming sector, enhancing decision-making and creating potential for increased value for our players and shareholders.” “Our direct-to-consumer business continues to show strength, driven by our focused efforts on player retention and the longevity of our players in our games,” said CFO Craig Abrahams. “Additionally, our inaugural share repurchase authorization is consistent with our previously announced capital allocation principles, emphasizing our ongoing commitment to delivering shareholder value.”