Playtika Q4 Revenue Rises 4.4% to $678M; PTs Cut to $5 and $4
Playtika posted Q4 revenue of $678 million, up 4.4% year-over-year and beating forecasts by $16.9 million, while EPS of negative $0.82 missed estimates by $0.96. Morgan Stanley cut its price target to $5 and Baird trimmed theirs to $4, guiding 2026 revenue of $2.7–2.8 billion and EBITDA of $730–770 million.
1. Q4 Results
Playtika delivered Q4 revenue of $678 million, representing a 4.4% increase year-over-year and exceeding consensus by $16.9 million. The company reported EPS of negative $0.82, missing expectations by $0.96 and triggering an 8.8% share decline since the announcement.
2. Analyst Revisions
Morgan Stanley lowered its price target from $5.50 to $5.00 while maintaining a Hold rating, and Baird reduced its target from $5.00 to $4.00 with a Neutral rating. Both firms updated their valuation models following the Q4 results, citing the mixed revenue beat and EPS miss.
3. 2026 Outlook
Management projected 2026 revenue between $2.7 billion and $2.8 billion, along with adjusted EBITDA of $730 million to $770 million. The company cautioned that first-quarter EBITDA would be softer due to increased marketing expenditures and seasonality.