Playtika Holding Corp.

Thank you for standing by and welcome to Platea's first quarter 2026 earnings conference call. At this time, all participants are in 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 11 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 11 again. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Tay Lee, Chief Financial Officer. Please go ahead, sir.

Welcome, everyone, and thank you for joining us today for the first quarter 2026 earnings call for Platica Holding Corp. Joining me on the call today is Robert Anticall, co-founder, president, and CEO of Platica. I would 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. including expected marketing and investment activity and the impact of AI on the company's business and industry. 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. We've posted an accompanying slide deck to our investor relations website, which contains information on forward-looking statements and non-GAAP measures. And we will also post our prepared remarks immediately following the call. For a more complete discussion of the risks and uncertainties, please see our filings with the SEC. As a reminder, we will not be taking questions related to the Strategic Alternatives Review. With that, I'll now turn the call over to Robert.

Good morning, and thank you for joining us. This was a great start of the year, and we are seeing momentum across the portfolio. Our largest franchise continues to execute at scale. We are allocated investments toward the highest return opportunities, and DTC continues to grow as a key driver for unit economics. With that context, the headline for me is Disney Solitaire. What we are seeing is outstanding and it's rare at this scale. This insulator has scaled faster than any title in our 15 years history and continues to outperform expectations. Our SuperPlay Studio has taken world-class IP, built a strong game economy around it, and delivered extremely well. We are investing heavily in user acquisition behind Disney Solitaire, and the returns we are seeing support that level of investment. It is some of the best ROI we have seen in the portfolio. This is not a lucky outcome. SuperPlay is now operating at the scale that matters for Playtika, and it is validating the strategy behind the acquisition. investing in the right teams and backing them with the capital and operating discipline to build large, long lasting franchise that compound cash flow over time. This is Solitaire is the latest example of that. And we believe it will not be the last. And it is not only super play. The core business is executing and we are seeing quarter over quarter stability across the organic portfolio. We are investing behind our winners and stepping back where the return profile is not there. That discipline is showing up in the revenue mix. Each year, more of our revenue comes from long-life casual gains with bold and rich. D2C has become a core part of how we run the business. improving unit economics, and supporting more durable cash flow profiles. Casual is now 76% of our business, and that position is largely complete. We are a casual mobile gaming company with a strong social casino business that generates strong cash flow. Our casual franchise are in a leadership position with a bolder, rich, and longer runway. And we compete in the categories where scale and winners take most dynamics are more pronounced. With Super Play serving a growth engine, our portfolio remains echoed in scale franchise with competitive advantage. While we continue to manage our slow title in a fragmented landscape. And the mix shift doesn't mean we have taken our eye of social casino. We are managing it with a clear goal to maximize lifetime value, stay disciplined on returns, and improve stability where we can. On Slotomania, we're encouraged by the start of the year. Last quarter, we told you to expect quarter-over-quarter improvement in Q1, and we delivered it. Slotomania grew 4% quarter-over-quarter in the first quarter. This is a mature competitive category, and we are not making a forward promise of continued growth from here. Flattening the decline and showing early stability is an important milestone, and it matters for the overall durability of the portfolio. On D2C, we have grown close to $1.2 billion annual run rate. Few companies in mobile gaming operate at our scale. And it matters beyond the margin benefit. When you own the transaction, you improve unit economics and gain more direct tools to engage and serve players over time, which support durability. Every quarter, this becomes more central to how we operate. Our results give me confidence. Super play scaling. D2C is compounding, and this portfolio is in better shape and a stronger direction. We're executing with discipline. They will take you through the details. Thank you.