The Law Offices of Frank R. Cruz Announces Investigation of Playtika Holding Corp. (PLTK) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Playtika Holding Corp. (“Playtika” or the “Company”) (NASDAQ: PLTK) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On or around January 15, 2021, Playtika conducted its initial public offering ("IPO"), selling 18.5 million shares of common stock priced at $27.00 per share.  Then, on May 11, 2021, Playtika announced its financial results for the first quarter of 2021.  While the Company's revenue beat expectations by $57.97 million, its GAAP earnings per share ("EPS") of $0.09 missed consensus estimates by $0.04.  On this news, Playtika's stock price fell $0.93 per share, or 3.47%, to close at $25.89 per share on May 11, 2021.

Then, on November 3, 2021, Playtika announced its financial results for the third quarter of 2021.  Among other items, Playtika reported revenue of $635.9 million, missing consensus estimates by $26.07 million, and GAAP EPS of $0.20, missing consensus estimates by $0.05.

On this news, Playtika’s stock price fell $6.80, or 23%, to close at $22.72 per share on November 3, 2021, thereby injuring investors further.

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If you purchased Playtika securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [e-mail], or visit our website at www.frankcruzlaw.com.  If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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