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Playtika raises full-year guidance after revenue growth in Q1

| By Robert Fletcher
Social gaming giant Playtika has raised its full-year revenue and earnings guidance after experiencing an increase in revenue during the first quarter of its 2021 financial year – the first reporting period since its initial public offering (IPO).

Revenue in the three months through to March 31 amounted to $638.9m (£452.2m/€527.1m), up 19.6% from $534.2m in the same period last year.

The majority of revenue in the quarter was generated via third-party platforms, with this accounting for $523.0m of the total, up 10.8% year-on-year. Revenue from internal proprietary platforms also increased 89.4% from $61.2m to $115.9m.

Playtika did not publish figures for specific products but did state revenue from its casual portfolio increased 30% year-on-year. Revenue from its Solitaire Grand Harvest product hiked 60%, Board Kings climbed 57% and Bingo Blitz revenue was up 40%

The US was the main source of income for Playtika in Q1, with revenue from the region rising 21.1% to $454.7m. Revenue in Europe, the Middle East and Africa (EMEA) was also up 13.6% to $91.7m, Asia-Pacific revenue climbed 20.5% to $49.9m and revenue across other areas increased 16.1% to $42.6m.

Read the full story on iGB North America.

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