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Playtika Holding Corp.
11/8/2022
Welcome to the Platica Holding Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 1-1 on your telephone. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Mr. David Niederman, Vice President of Investor Relations. Please go ahead, sir.
Welcome, everyone, and thank you for joining us today for the third 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, everyone, for joining our call today. In the third quarter, our casual games growth strategy continued to succeed. We saw excellent results from our casual games, which grew 14% year over year. These results demonstrate Playtika's superior technology. lives ops and ability to optimize and grow revenues over the long term bingo blitz is driving these results using advanced lives ops and using new ai based tools which has the potential to create upside across our portfolio thanks to our strong marketing capabilities bingo blitz has also become a compelling mainstream franchise leveraging celebrities and music stars with marketing partnership and is now the number one game in Playtika portfolio by revenue. And it shows that we are creating amazing entertainment experience that our players love. I will now touch our slot teams games. The slot category is number two, competitive market. Having said that, We are creating exciting roadmaps for 2023 that we expect to provide our players with a unique innovation content. Finally, I'd like to introduce a new initiative I'm passionate about, Digital Studio. This will be a new way of managing game studios. It is a sophisticated AI and machine learning tool that enables studio to run more efficiently using automation. This is something we are testing with our legacy titles, and we'll talk about more in the future. In closing, I'm excited and confident in our position and ability to win this market. Pratica has a solid foundation in place for the long term, a diversified portfolio of top-ranked games, passionate long-term players that have enjoyed our games over many years, Our direct-to-consumer platform is at scale and a strong competitive advantage. Our data and technology-driven capabilities and approach to user acquisition allows us to be fast, efficient, and optimize resource. And finally, we have a strong financial position with a healthy balance sheet to pursue growth opportunities. I will sum up by saying that we are excited to continue building Playtica and enhancing its position as a leading mobile games company. With that, I will now turn it over to Craig, who will provide more details on our financial results.
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