The Latest Breaking News from Playtika Holding Corp

Growing penetration of smartphones and advanced technologies such as 5G, Augmented reality (AR), Virtual Reality (VR), and metaverse keep the gaming industry poised for perpetual growth even in the post-pandemic world. While it could be wise to invest in fundamentally strong gaming stocks Playtika Holding Corp. (PLTK) and SciPlay Corporation…

Amid macroeconomic challenges, the gaming industry witnessed a slowdown last year. However, the industry is poised for solid growth in the long term due to rapid technological advancements and the growing popularity of gaming. Therefore, investors could buy fundamentally strong gaming stock Playtika Holding (PLTK). However, it could be wise…

The entertainment industry has been affected adversely, with record-high inflation tempering discretionary consumer spending. However, the industry’s long-term prospects look bright due to the strong demand for digital entertainment. Given this backdrop, fundamentally sound entertainment stocks Playtika Holding (PLTK) and SciPlay Corp. (SCPL) could be ideal buy-and-hold options in 2023.…

While the broader entertainment industry is set to struggle amid the macroeconomic headwinds, the global toys and games market is expected to remain an exception. Rising demand for VR (virtual reality) and green toys will likely benefit industry leaders Playtika (PLTK), DoubleDown (DDI), and Gravity (GRVY). Continue reading….

Technological advancement is boosting the video games industry’s prospects. Thus, the fundamentally strong stock Playtika Holding (PLTK) might be an ideal investment. However, as the sector faces near-term headwinds, Roblox (RBLX) and Unity Software (U) might be best avoided. Read more….

Growing use of smartphones and increasing investments in advanced technologies should help the gaming industry witness solid growth in the coming years. However, increased regulations are posing a significant challenge. While it could be wise to avoid Roblox Corporation (RBLX) considering its weak fundamentals, we think gaming stocks Electronic Arts…

During the pandemic, the video gaming industry witnessed an upsurge in consumer demand for online games and consoles. Despite the reviving interest in outdoor games, new offerings and emerging technologies in this space will likely help maintain the industry’s momentum. Therefore, it could be wise to buy and hold quality…

Despite a challenging macro environment, the majority of the S&P 500 companies that have reported earnings have exceeded analysts’ expectations. Moreover, economists believe investors shouldn’t panic about a recession. Given the scenario, here are four fundamentally sound stocks with major upside potential for you to consider buying now, Playtika (PLTK),…

New and attractive offerings are playing a big role in driving the growth of the entertainment industry. Therefore, it could be worth investing in Playtika (PLTK), given its strong fundamentals and solid growth prospects. However, DISH Network Corp. (DISH) could be best avoided now due to its poor fundamentals and…

Playtika Holding Corp (NASDAQ: PLTK) shares are soaring in the premarket session today on the news of the majority stake being acquired by Private equity firm Joffre Capital.

Playtika Holding Corp (NASDAQ:PLTK) reported first-quarter FY22 sales growth of 6% year-on-year to $676.9 million, missing the consensus of $680.72 million. Average daily payer conversion increased to 3.2%. The casual portfolio revenue grew 20.7% Y/Y, constituting 52.5% of total revenue. The costs and expenses rose 9.4% Y/Y to $556.5 million. The operating margin…