a share repurchase<\/a> program in the future. Based on the price of the stock at this writing, dividend yield would be 2.74%.<\/p>\nPresident and COO Craig Abrahams added the company will spend $600 million to $1.2 billion on mergers and acquisitions over the next three years.<\/p>\n
Playtika’s 2024 Outlook<\/h2>\n The gaming company\u2019s tepid 2024 guidance may have also been a contributing factor in the stock sliding on Monday. Playtika said it expects 2024 sales of $2.52 billion to $2.62 billion on earnings before interest, taxes, depreciation, and amortization (EBITDA) of $730 million to $770 million.<\/p>\n
\u201cCapital expenditures expected to be between $110 million to $115 million, which includes $17 million in accrued capital expenditures from Q4 FY2023 that will be paid in FY2024,\u201d according to the firm.<\/strong><\/p>\nIn the fourth quarter, average daily paying users rose 2.3% on a quarter-over-quarter basis, but declined 2.2% year over year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares of mobile games developer Playtika (NASDAQ: PLTK) slid Monday after the company reported fourth-quarter earnings per share (EPS) that missed Wall Street estimates, and as the firm said it\u2019s halting a strategic review. In the final three months of 2023, Playtika earned 10 cents per share on revenue of $637.9 million. Analysts expected earnings […]<\/p>\n","protected":false},"author":46,"featured_media":200404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,32093,20],"tags":[81903,81966,81906],"acf":[],"yoast_head":"\n
Playtika Stops Strategic Review, Starts Quarterly Dividend<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n