Strategic review forms part of ongoing efforts by Playtika’s Board to enhance shareholder value after the company’s shares fell more than 30% in the past year
New York-listed social and casual gaming operator Playtika has announced a review of strategic alternatives to maximise shareholder value.
A special committee of the board of directors of the company, comprised solely of independent directors, is conducting a comprehensive review and evaluation of strategic alternatives across its portfolio.
The Committee is evaluating opportunities and alternatives to unlock and enhance shareholder value and has retained Morgan Stanley & Co to act as financial advisor.
“There can be no assurance that the strategic review process will result in any strategic transaction,” said the company. “Playtika does not currently intend to disclose developments related to the strategic review process unless and until the Special Committee and Board have approved a course of action for which further disclosure is appropriate.”
Earlier this year, Playtika announced plans to reduce its workforce by around 15 per cent as part of a larger adjustment to the company’s cost structure.
In the final quarter of 2025, Playtika posted a net loss of $309.3 million after seeing total costs and expenses rise 61 per cent to $959.8 million, reflecting a non-cash impact from contingent consideration remeasurement related to the earnout payment tied to the SuperPlay acquisition.
Founded in 2019 by former Playtika employees Gilad Almog and Eyal Netzer, Tel Aviv-based SuperPlay was acquired by Playtika in Q4 2024 for an initial $700 million, with an additional contingent consideration of up to $1.25 billion.
Playtika currently operates popular social casino apps including Bingo Blitz and Slotomania, alongside other games such as World Series of Poker, Caesars Slots, Vegas Words and Monopoly Poker.
Shares in Playtika Holding Corp. (NASDAQ:PLTK) closed 1.88 per cent lower at $3.14 per share in New York Tuesday, having lost nearly a third of its value in the past year.