Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>Playtika Holding Corp reported its second-quarter 2026 results with total revenue of $731.1 million, reflecting a modest 1.8% sequential decline but a 5.0% increase year-over-year.</li>
<li>Adjusted EBITDA reached $206.1 million, marking a margin of 28.2%, an improvement from 16.8% in the first quarter, driven by a planned step-down in marketing expenditures.</li>
<li>Net income was $48 million with adjusted net income at $53.6 million.</li>
</ul>


Playtika Holding Corp reported its second-quarter 2026 results with total revenue of $731.1 million, reflecting a modest 1.8% sequential decline but a 5.0% increase year-over-year.
Adjusted EBITDA reached $206.1 million, marking a margin of 28.2%, an improvement from 16.8% in the first quarter, driven by a planned step-down in marketing expenditures.
Net income was $48 million with adjusted net income at $53.6 million.


Playtika’s $731.1 Million Quarter — Disney Solitaire Steals The Spotlight!

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Research Reinvented

<ul>
  <li>Playtika is a mature mobile gaming company with a portfolio of long-lasting social casino and casual games, demonstrating strong, albeit recently volatile, cash flow generation.</li>
  <li>The company is undergoing a strategic shift, aggressively expanding its Direct-to-Consumer (DTC) platform to improve margins by bypassing the 30% fees charged by third-party app stores.</li>
  <li>Significant financial pressures exist, including a net loss in 2025 driven by acquisition-related costs, declining net income over the past three years, and a high revenue concentration in a few aging titles.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  Playtika is a mature mobile gaming company with a portfolio of long-lasting social casino and casual games, demonstrating strong, albeit recently volatile, cash flow generation.
  The company is undergoing a strategic shift, aggressively expanding its Direct-to-Consumer (DTC) platform to improve margins by bypassing the 30% fees charged by third-party app stores.
  Significant financial pressures exist, including a net loss in 2025 driven by acquisition-related costs, declining net income over the past three years, and a high revenue concentration in a few aging titles.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Playtika Holding Corp (PLTK US) - Aug 2026

<ul>
<li>Playtika Holding Corp. reported a mixed performance for the third quarter of 2025, reflecting strength in its direct-to-consumer (D2C) expansion and SuperPlay portfolio, offset by headwinds in its Slotomania franchise and higher operating costs tied to recent acquisitions.</li>
<li>The company generated $674.6 million in revenue, down 3.1% sequentially but up 8.7% year-over-year.</li>
<li>GAAP net income was $39.1 million, up 17.8% sequentially and down 0.5% year-over-year, while adjusted EBITDA reached $217.5 million, increasing 30.2% sequentially and 10.3% year-over-year.</li>
</ul>


Playtika Holding Corp. reported a mixed performance for the third quarter of 2025, reflecting strength in its direct-to-consumer (D2C) expansion and SuperPlay portfolio, offset by headwinds in its Slotomania franchise and higher operating costs tied to recent acquisitions.
The company generated $674.6 million in revenue, down 3.1% sequentially but up 8.7% year-over-year.
GAAP net income was $39.1 million, up 17.8% sequentially and down 0.5% year-over-year, while adjusted EBITDA reached $217.5 million, increasing 30.2% sequentially and 10.3% year-over-year.


Playtika Holding Corp.: The Next Phase of the Portfolio—D2C Mix Shift

<ul>
<li>Playtika Holding Corp reported a strong first quarter of 2025, achieving a record revenue of over $700 million, marking their highest quarterly revenue to date.</li>
<li>This success reflects the robustness of their diverse portfolio of mobile games and showcases their ability to support and grow acquired franchises.</li>
<li>The global launch of Disney Solitaire in April has shown promising early performance, demonstrating the potential for it to become a significant contributor to Playtika's revenue, alongside the established success of their flagship titles.</li>
</ul>


Playtika Holding Corp reported a strong first quarter of 2025, achieving a record revenue of over $700 million, marking their highest quarterly revenue to date.
This success reflects the robustness of their diverse portfolio of mobile games and showcases their ability to support and grow acquired franchises.
The global launch of Disney Solitaire in April has shown promising early performance, demonstrating the potential for it to become a significant contributor to Playtika's revenue, alongside the established success of their flagship titles.


PLTK US - Is Betting Big on Innovation But Is There Any Change To Win the Mobile Gaming War?

<ul>
<li>Playtika Holding Corp.'s fourth-quarter 2024 results provide a mixed picture for investors, reflecting both strategic advances and ongoing challenges.</li>
<li>On the positive side, Playtika's management emphasized their continued focus on growth and portfolio diversification, highlighted by the significant acquisition of SuperPlay, a leading independent studio.</li>
<li>This acquisition is intended to bolster the company's portfolio with strong game franchises and drive future growth.</li>
</ul>


Playtika Holding Corp.'s fourth-quarter 2024 results provide a mixed picture for investors, reflecting both strategic advances and ongoing challenges.
On the positive side, Playtika's management emphasized their continued focus on growth and portfolio diversification, highlighted by the significant acquisition of SuperPlay, a leading independent studio.
This acquisition is intended to bolster the company's portfolio with strong game franchises and drive future growth.


Playtika Enabling Growth With a Bold Platform Integration Masterplan

Israel

Playtika Holding Corp. operates as a digital entertainment company. The Company specializes in the development and publication of free to play mobile games. Playtika Holding serves customers worldwide.

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Playtika Holding Corp (PLTK US)

Playtika’s $731.1 Million Quarter — Disney Solitaire Steals The Spotlight!

Playtika Holding Corp reported its second-quarter 2026 results with total revenue of $731.1 million, reflecting a modest 1.8% sequential decline...

Baptista Research

Primer: Playtika Holding Corp (PLTK US) - Aug 2026

Playtika is a mature mobile gaming company with a portfolio of long-lasting social casino and casual games, demonstrating strong, albeit...

αSK Primers

Playtika Holding Corp.: The Next Phase of the Portfolio—D2C Mix Shift

GAAP net income was $39.1 million, up 17.8% sequentially and down 0.5% year-over-year, while adjusted EBITDA reached $217.5 million, increasing...

Baptista Research

PLTK US - Is Betting Big on Innovation But Is There Any Change To Win the Mobile Gaming War?

Playtika Holding Corp reported a strong first quarter of 2025, achieving a record revenue of over $700 million, marking their highest quarterly...

Baptista Research

Playtika Enabling Growth With a Bold Platform Integration Masterplan

Playtika Holding Corp.'s fourth-quarter 2024 results provide a mixed picture for investors, reflecting both strategic advances and ongoing challenges.

Baptista Research

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