Israel-based mobile game developer Playtika has released its fourth quarter and full year financial statements for the period ending December 31, 2021.
Fourth quarter revenue increased 13.2% year over year to $649 million, with net income for the period totaling $102.3 million, an increase of 34.6%.
During the period, Playtika’s casual game revenue grew 31.5% year-over-year and accounted for 51.8% of overall revenue. The company noted that its most recent titles, Solitaire Grand Harvest and June’s Journey, demonstrated “growth potential”, with revenue up 60.1% and 36% year-over-year respectively.
Strong growth potential
For the full fiscal year 2021, Playtika reported revenue of $2.58 billion, an 8.9% year-over-year increase. Net income for the year reached $308.5 million, up nearly 235% year-over-year.
“Our fourth quarter results demonstrate Playtika’s continued strength and the company’s potential for growth,” said Playtika CEO Robert Antokol.
“In 2021, we extended our leadership in mobile gaming and broadened our vision to go beyond games into gamifiable apps with the acquisition of Redecor as the worlds of games, lifestyle and entertainment converge.
“Additionally, we have significantly enhanced our proprietary technology advantage, including our Boost platform, which continues to be a differentiator for the business. We are excited about the opportunities Playtika can realize, and I want to thank our employees for their tireless work and dedication in making this possible.”
Reviewing its January 2022 performance, Playtika noted that its revenue was up 9.2% year over year and 7.2% from the prior month.
Additionally, Playtika’s board, which recently appointed Dana Gross and Hong Du, revealed that it has begun a process of evaluating the company’s potential strategic alternatives with the goal of maximizing value for its customers. shareholders.
As part of the process, the board said it would consider its “full range of strategic alternatives”, which could include a sale of the business.