Playtika Posts Record Q3 Adjusted EBITDA of $252 Million Amid Steady Revenue
Playtika reported third-quarter 2026 revenues of $673.8 million and a record adjusted EBITDA of $252.1 million. The company reiterated its full-year guidance, projecting revenues up to $2.85 billion.
Playtika reported its third-quarter financial results for 2026, posting revenues of $673.8 million, reflecting a moderate decline of 7.8% compared to the previous quarter and near-total stability down 0.1% year-over-year. The direct-to-consumer channel continued to demonstrate strong momentum, reaching $275.1 million—a sharp 31.4% surge year-over-year alongside a 4.1% decrease from the previous quarter.
Record EBITDA and Financial Strength
On the profitability front, Playtika achieved record performance as adjusted EBITDA hit an all-time quarterly high of $252.1 million, surging 22.3% from the second quarter of 2026 and rising 15.9% compared to the same period last year. The adjusted operating-cash profitability margin climbed to 37.4%. Quarterly net income totaled $40.4 million, while adjusted net income stood at $120.7 million. As of September 30, 2026, the company held a robust liquidity cushion including cash, cash equivalents, and short-term investments totaling approximately $594.6 million.
Operational Metrics and Portfolio Performance
In operational metrics, the average daily paying users stood at 333 thousand, marking a 9.3% drop from the prior quarter and a 5.9% decrease year-over-year. Meanwhile, the average player conversion rate to paying users showed consistent improvement, climbing to 4.7%, compared to 4.6% in the previous quarter and 4.3% in the third quarter of 2025. Key franchise revenues included Bingo Blitz at $133.0 million, Disney Solitaire by SuperPlay generating $111.2 million with an 88.4% year-over-year surge, and June's Journey bringing in $76.6 million, marking a 12.1% annual growth.
Management Outlook and Strategic Vision
Playtika CEO Robert Antokol noted:
"Following the completion of our strategic alternatives review, we are moving forward as an independent company. The third quarter reflects what gives Playtika resilience, stability, and endurance: loyal players and games built to succeed over time."
CFO Craig Abrahams added that the company successfully executed its marketing expense reduction plan while reiterating its full-year 2026 guidance, projecting revenues between $2.75 billion and $2.85 billion and adjusted EBITDA of $750 million to $790 million.
