Playtika Holding Corp.

Ladies and gentlemen, thank you for standing by and welcome to the Platica Q1 2022 earnings call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker, Mr. David Niederman, Vice President of Investor Relations. Please go ahead.

Welcome to everyone, and thank you for joining us today for the first quarter 2022 earnings call for Platica Holding Corp. Joining me on the call today are Robert Anticall, co-founder and CEO of Platica, and Craig Abrams, Platica's president and chief financial officer. I'd like to remind you that today's discussion may contain forward-looking statements, including but not limited to the company's anticipated future revenue and operating performance. These statements and other comments are not a guarantee of future performance, but rather are subject to risks and uncertainties, some of which are beyond our control. These forward-looking statements apply as of today, and you should not rely on them as representing our views in the future. We undertake no obligation to update these statements after this call. For a more complete discussion of the risks and uncertainties, please see our filings with the SEC. We have posted an accompanying slide deck to our investor relations website and we'll also post our prepared remarks immediately following the call. With that, I will now turn the call over to Robert.

Thank you, David, and thank you, everyone, for joining our call today. We have a lot of ground to cover on today's call. From a business standpoint, Platica continues to be a technology-driven cash-generating market leader. We continue to perform consistently while laying the groundwork for further growth. We are committed to become the number one mobile game and entertainment entity. Before jumping to the business, I will start with a few words about Ukraine. From a humanitarian standpoint, and ever since the war began, our top priority is the safety and well-being of our employees and their families. Our people have been amazing, and nothing makes me more proud than the support they give each other. We were well prepared in taking significant action to move out many people before the war. Most of our employees in Ukraine are already walking back at the offices, and others will come back soon. From overall business standpoint, we are not affected. Live web slash monetization operating 100%. Live gaming operation runs from Israel, Helsinki, and Berlin. We are globally diverse. Bucharest and Russia, and I always said we have a plan and backup for all our games. As always, we continue to invest in this plan, ensuring the sustainability of our operations and further growth. Moving on to our business topics, I'm happy to say we had a strong start of the year. Total revenue in Q1 was $676.9 million, growing 6% year-over-year, and 4.3% quarter-over-quarter. During this period, we also made significant investments to position and foothold in the future areas of emerging technology and opportunities while building a foundation for strong growth When it comes to our game portfolio, our casual games continue its high growth, while casino teams' portfolio has regained growth and momentum quarter over quarter. Our product metrics and execution remain solid and strong. We continue to drive strong consumer acquisition, retention, and monetization, leveraging our boost platform to optimize our games operation. To summarize, I am pleased that our actions and investments have continued to drive strong top-line momentum in Q1 2022. Our business model proves itself to be the difference from Platica and other companies to growth revenues by live ops, operations, monetization, using our AI capabilities to bring growth to our business. We make investments to position our future. JustPlay's new categories rest in emerging technologies in gaming. Our internal and external investments are focused to domains we believe that in the future will unlock value for Playtika. Thank you so much, and Craig will continue.