Playtika revenues top $1.8bn in 2020

Playtika’s revenues for the nine months up to September 30 were revealed in the registration statement filed ahead of its public offering.

US.- A registration statement filed by Playtika to the US Securities and Exchange Commission (SEC) has revealed some insights into the company’s revenues.

The document shows the gaming entertainment company generated $1.80bn in revenue in the nine months up to September 30 last year.

Over that period of time, Playtika’s revenues grew 28.5 per cent year-over-year. Adjusted earnings before interest, tax, depreciation and amortisation grew 41.2 per cent to $665.8m.

Of the total revenues, 57.4 per cent was generated from casino-themed games.

The registration statement was filed in anticipation of a planned initial public offering first announced in October. It must be reviewed and approved by the SEC before the offering is carried out.

So far, it is unknown how many shares will be sold and at what price range but it has been confirmed that parent company Giant Investments will retain majority control of the business.

Other companies resorting to public offerings to replace some of the funds lost throughout the pandemic include DraftKings and MGM Resorts.