Playtika Holding (PLTK) Q1 FY2022 earnings: revenue $677 million, up 5.9% on the year

Playtika Holding Corp. (PLTK) reported revenue of $677 million for Q1 FY2022, the quarter ended 31 March 2022, up 5.9% on the same quarter a year earlier as this quarter's filing gives it. Net income was $83 million, up 133.1% on the year as this quarter's filing gives it, and diluted earnings per share $0.20. The figures are the company's own, from the 10-Q it filed with the SEC on 10 May 2022.

Revenue$677 millionup 5.9% on the year

Net income$83 millionup 133.1% on the year

Diluted EPS$0.20

QuarterQ1 FY2022ended 31 March 2022

The quarter, against the one before and a year earlier

Line	Q1 FY2022	Q4 FY2021	A year earlier	Change on the year
Revenue	677	649	n/a	n/a
Cost of revenue	187	183	n/a	n/a
Gross profit	490	466	n/a	n/a
Gross margin	72.4%	71.8%	n/a
Research and development	113	118	n/a	n/a
Operating income	120	112	n/a	n/a
Operating margin	17.8%	17.3%	n/a
Interest expense	23.7	24.4	n/a	n/a
Pre-tax income	92.9	82.8	n/a	n/a
Income tax	9.7	-19.5	n/a	n/a
Effective tax rate	10.4%	-23.6%	n/a
Net income	83.2	102	n/a	n/a
Net margin	12.3%	15.8%	n/a
Diluted EPS	$0.20	$0.24	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2022	Q4 FY2021	A year earlier	Change on the year
Operating cash flow	58.1	168	n/a	n/a
Capital expenditure	13.0	15.9	n/a	n/a
Free cash flow	45.1	152	n/a	n/a
Free cash flow margin	6.7%	23.4%	n/a
Cash from investing	-180	-40.0	n/a	n/a
Cash from financing	-6.2	-4.8	n/a	n/a
Depreciation and amortisation	39.5	42.5	n/a	n/a
Share-based compensation	39.8	27.6	n/a	n/a
Dividends paid	0.0	0.0	n/a	n/a
Diluted shares, weighted	412m	411m	n/a	n/a
Shares outstanding at period end	412m	411m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2022	Q4 FY2021	A year earlier	Change on the year
Shareholders' equity	-240	-378	n/a	n/a
Debt	2,432	2,435	n/a	n/a
Operating lease liabilities	87.9	82.3	n/a	n/a
Other liabilities	608	664	n/a	n/a
Total liabilities and equity	2,889	2,803	n/a	n/a
Fixed assets	106	103	n/a	n/a
Goodwill	829	788	n/a	n/a
Intangible assets	419	417	n/a	n/a
Investments	n/a	100	n/a	n/a
Cash and equivalents	886	1,017	n/a	n/a
Other assets	649	378	n/a	n/a
Total assets	2,889	2,803	n/a	n/a

Questions

What was Playtika Holding's revenue in Q1 FY2022?

Playtika Holding (PLTK) reported revenue of $677 million for Q1 FY2022, the quarter ended 31 March 2022, up 5.9% on the same quarter a year earlier as the company restated it.

How much did Playtika Holding earn in Q1 FY2022?

Net income for Q1 FY2022 was $83 million, up 133.1% on the year, and diluted earnings per share $0.20.

When did Playtika Holding report Q1 FY2022 results?

Playtika Holding filed its 10-Q for the quarter ended 31 March 2022 with the SEC on 10 May 2022.

Quarterly results, the last 20 quarters

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023 †	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	636	649	677	660	648	631	656	643	630	638	651	627	621	650	706	696	675	679	745	731
Cost of revenue	179	183	187	186	182	181	186	178	174	171	177	168	168	179	197	196	178	187	192	193
Gross profit	457	466	490	474	466	450	470	464	456	467	474	459	453	472	509	500	496	492	552	538
Gross margin	72%	72%	72%	72%	72%	71%	72%	72%	72%	73%	73%	73%	73%	73%	72%	72%	74%	72%	74%	74%
R&D	91.5	118	113	125	115	119	102	100	102	102	107	101	99.2	96.3	104	114	98.8	110	98.0	96.4
Operating income	154	112	120	91.3	131	128	152	139	90.0	120	98.1	141	97.5	55.3	67.8	110	98.4	-281	-49.6	135
Operating margin	24%	17%	18%	14%	20%	20%	23%	22%	14%	19%	15%	22%	16%	9%	10%	16%	15%	-41%	-7%	18%
Interest expense	23.7	24.4	23.7	25.9	31.5	36.4	38.0	35.8	39.5	39.7	39.0	38.9	38.7	38.6	36.1	36.5	36.6	34.1	34.7	37.8
Pre-tax income	130	82.8	92.9	68.9	107	91.9	124	116	64.8	87.4	74.9	120	63.7	21.6	41.1	45.1	58.1	-317	-73.8	68.5
Tax rate	38%	-24%	10%	47%	36%	5%	32%	35%	42%	57%	29%	28%	38%	177%	26%	26%	33%	n/a	n/a	30%
Net income	80.5	102	83.2	36.4	68.2	87.5	84.1	75.7	37.9	37.3	53.0	86.6	39.3	-16.7	30.6	33.2	39.1	-309	-57.5	48.0
Net margin	13%	16%	12%	6%	11%	14%	13%	12%	6%	6%	8%	14%	6%	-3%	4%	5%	6%	-46%	-8%	7%
Diluted EPS	$0.20	$0.24	$0.20	$0.09	$0.17	$0.24	$0.23	$0.21	$0.10	$0.10	$0.14	$0.23	$0.11	-$0.04	$0.08	$0.09	$0.11	-$0.82	-$0.15	$0.13
Operating cash flow	194	168	58.1	183	75.2	177	20.5	207	109	179	29.6	150	157	153	18.8	146	117	286	22.8	28.7
Capital expenditure	11.3	15.9	13.0	16.5	8.8	30.0	5.0	4.2	7.6	15.8	14.0	9.3	4.8	12.8	10.4	4.8	10.4	10.7	5.7	8.4
Free cash flow	183	152	45.1	166	66.4	147	15.5	203	101	164	15.6	141	152	140	8.4	141	106	275	17.1	20.3
Dividends paid	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	37.1	37.2	37.2	37.3	37.6	37.6	37.7	37.7	0.0
Shares outstanding	410m	411m	412m	412m	413m	364m	366m	366m	367m	370m	371m	372m	373m	375m	376m	376m	376m	377m	380m	381m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2022, filed 10 May 2022: the filing.