Playtika Holding (PLTK) 10-Q 8 Nov 22 2022 Q3 Quarterly report Financial data

COVER

COVER - shares	9 Months Ended
	Sep. 30, 2022	Nov. 03, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-39896
Entity Registrant Name	PLAYTIKA HOLDING CORP.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	81-3634591
Entity Address, Address Line One	HaChoshlim St 8
Entity Address, City or Town	Herzliya Pituach
Entity Address, Country	IL
City Area Code	972-73
Local Phone Number	316-3251
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	PLTK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		361,124,426
Entity Central Index Key	0001828016
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 1,255.4	$ 1,017
Short-term bank deposits	0	100.1
Restricted cash	1.6	2
Accounts receivable	128	143.7
Prepaid expenses and other current assets	110.7	72.9
Total current assets	1,495.7	1,335.7
Property and equipment, net	108.2	103.3
Operating lease right-of-use assets	102.9	89.4
Intangible assets other than goodwill, net	374.6	417.3
Goodwill	802.2	788.1
Deferred tax assets, net	42.7	38.3
Investments in unconsolidated entities	27.6	17.8
Other non-current assets	39.5	13.4
Total assets	2,993.4	2,803.3
Current liabilities
Current maturities of long-term debt	12.4	12.2
Accounts payable	39.8	45.7
Operating lease liabilities, current	19.5	17.2
Accrued expenses and other current liabilities	454.2	494.6
Total current liabilities	525.9	569.7
Long-term debt	2,414.3	2,422.9
Contingent consideration	0	28.7
Employee related benefits and other long-term liabilities	2.8	23.7
Operating lease liabilities, long-term	85.4	82.3
Deferred tax liabilities	53.4	53.7
Total liabilities	3,081.8	3,181
Commitments and contingencies (Note 10)
Stockholders' equity (deficit)
Common stock of $0.01 par value; 1,600.0 shares authorized; 412.7 and 411.1 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	4.1	4.1
Additional paid-in capital	1,138.9	1,032.9
Accumulated other comprehensive income (loss)	(1.3)	3.2
Accumulated deficit	(1,230.1)	(1,417.9)
Total stockholders' deficit	(88.4)	(377.7)
Total liabilities and stockholders’ deficit	$ 2,993.4	$ 2,803.3

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par or stated value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,600	1,600
Common stock, shares issued (in shares)	412.7	411.1
Common stock, shares outstanding (in shares)	412.7	411.1

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Revenues	$ 647.8	$ 635.9	$ 1,984.3	$ 1,934
Cost of revenue	181.8	179.2	554.8	546.1
Research and development	115.1	91.5	353	268.5
Sales and marketing	145.4	141.1	476.9	427.7
General and administrative	74.1	69.6	256.5	241.5
Total costs and expenses	516.4	481.4	1,641.2	1,483.8
Income from operations	131.4	154.5	343.1	450.2
Interest and other, net	24.3	24.9	74.2	124.6
Income before income taxes	107.1	129.6	268.9	325.6
Provision for income taxes	38.9	49.1	81.1	119.4
Net income	68.2	80.5	187.8	206.2
Foreign currency translation	(14.5)	(5.6)	(27.8)	(12.7)
Change in fair value of derivatives	10.5	0.8	23.3	(0.9)
Total other comprehensive (loss)	(4)	(4.8)	(4.5)	(13.6)
Comprehensive income	$ 64.2	$ 75.7	$ 183.3	$ 192.6
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 0.17	$ 0.20	$ 0.46	$ 0.50
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 0.17	$ 0.20	$ 0.46	$ 0.50
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	412.7	409.6	412.3	408.6
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	412.7	411.6	412.6	410.9

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($) shares in Millions, $ in Millions	Total	Share capital	Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained earnings (Accumulated deficit)
Beginning balance (in shares) at Dec. 31, 2020		391.1
Beginning balance at Dec. 31, 2020	$ (1,243.5)	$ 3.9	$ 462.3	$ 16.7	$ (1,726.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	35.7				35.7
Issuance of common stock in the IPO, net of underwriting commission and offering costs (in shares)		18.5
Issuance of common stock in the IPO, net of underwriting commission and offering costs	467.7	$ 0.2	467.5
Stock-based compensation	24.3		24.3
Issuance of shares upon vesting of RSUs (less than in 2021) (in shares)		0.1
Issuance of shares upon vesting of RSU's (less than)	0	$ 0.1
Other comprehensive income (loss)	(10)			(10)
Ending balance (in shares) at Mar. 31, 2021		409.6
Ending balance at Mar. 31, 2021	(725.8)	$ 4.1	954.1	6.7	(1,690.7)
Beginning balance (in shares) at Dec. 31, 2020		391.1
Beginning balance at Dec. 31, 2020	(1,243.5)	$ 3.9	462.3	16.7	(1,726.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	206.2
Other comprehensive income (loss)	(13.6)
Ending balance (in shares) at Sep. 30, 2021		409.6
Ending balance at Sep. 30, 2021	(508)	$ 4.1	1,005	3.1	(1,520.2)
Beginning balance (in shares) at Mar. 31, 2021		409.6
Beginning balance at Mar. 31, 2021	(725.8)	$ 4.1	954.1	6.7	(1,690.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	90				90
Stock-based compensation	25.5		25.5
Issuance of shares upon vesting of RSUs (less than in 2021) (in shares)		0.1
Issuance of shares upon vesting of RSU's (less than)	0		0.1
Other comprehensive income (loss)	1.2			1.2
Ending balance (in shares) at Jun. 30, 2021		409.6
Ending balance at Jun. 30, 2021	(609.1)	$ 4.1	979.6	7.9	(1,600.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	80.5				80.5
Stock-based compensation	25.4		25.4
Other comprehensive income (loss)	(4.8)			(4.8)
Ending balance (in shares) at Sep. 30, 2021		409.6
Ending balance at Sep. 30, 2021	(508)	$ 4.1	1,005	3.1	(1,520.2)
Beginning balance (in shares) at Dec. 31, 2021		411.1
Beginning balance at Dec. 31, 2021	(377.7)	$ 4.1	1,032.9	3.2	(1,417.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	83.2				83.2
Stock-based compensation	40.5		40.5
Issuance of shares upon vesting of RSUs (less than in 2021) (in shares)		1.1
Issuance of shares upon vesting of RSU's (less than)	0		0.1
Income tax withholding related to vesting of restricted stock units and other	(1.4)		(1.4)
Other comprehensive income (loss)	15.4			15.4
Ending balance (in shares) at Mar. 31, 2022		412.2
Ending balance at Mar. 31, 2022	(240)	$ 4.1	1,072	18.6	(1,334.7)
Beginning balance (in shares) at Dec. 31, 2021		411.1
Beginning balance at Dec. 31, 2021	(377.7)	$ 4.1	1,032.9	3.2	(1,417.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	187.8
Other comprehensive income (loss)	(4.5)
Ending balance (in shares) at Sep. 30, 2022		412.7
Ending balance at Sep. 30, 2022	(88.4)	$ 4.1	1,138.9	(1.3)	(1,230.1)
Beginning balance (in shares) at Mar. 31, 2022		412.2
Beginning balance at Mar. 31, 2022	(240)	$ 4.1	1,072	18.6	(1,334.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	36.4				36.4
Stock-based compensation	36.1		36.1
Issuance of shares upon vesting of RSUs (less than in 2021) (in shares)		0.2
Issuance of shares upon vesting of RSU's (less than)	0	$ 0.1
Income tax withholding related to vesting of restricted stock units and other	(0.7)		(0.7)
Other comprehensive income (loss)	(15.9)			(15.9)
Ending balance (in shares) at Jun. 30, 2022		412.4
Ending balance at Jun. 30, 2022	(184.1)	$ 4.1	1,107.4	2.7	(1,298.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	68.2				68.2
Stock-based compensation	31.9		31.9
Issuance of shares upon vesting of RSUs (less than in 2021) (in shares)		0.3
Issuance of shares upon vesting of RSU's (less than)	0	$ 0.1
Income tax withholding related to vesting of restricted stock units and other	(0.4)		(0.4)
Other comprehensive income (loss)	(4)			(4)
Ending balance (in shares) at Sep. 30, 2022		412.7
Ending balance at Sep. 30, 2022	$ (88.4)	$ 4.1	$ 1,138.9	$ (1.3)	$ (1,230.1)

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT (Parenthetical) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Issuance of shares upon vesting of RSUs	$ 0	$ 0	$ 0	$ 0	$ 0
Share capital
Issuance of shares upon vesting of RSUs (less than in 2021) (in shares)	0.3	0.2	1.1	0.1	0.1
Issuance of shares upon vesting of RSUs	$ 0.1	$ 0.1			$ 0.1
Additional paid-in capital
Issuance of shares upon vesting of RSUs			$ 0.1	$ 0.1

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income	$ 187.8	$ 206.2
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	33.4	31.4
Amortization of intangible assets	88.3	71.6
Stock-based compensation	106.8	72.8
Amortization of loan discount	5.8	29.7
Change in contingent consideration	(13.1)	0
Change in deferred tax, net	(12.3)	(14.7)
Loss from foreign currency	8.2	2
Non-cash lease expenses	(8.1)	(1.9)
Capital gain from sale of investment	0	(1.2)
Changes in operating assets and liabilities:
Accounts receivable	12	1.5
Prepaid expenses and other current and non-current assets	(19.8)	(41.7)
Accounts payable	(5)	(3.3)
Accrued expenses and other current and non-current liabilities	(67.7)	31.4
Net cash provided by operating activities	316.3	383.8
Cash flows from investing activities
Purchase of property and equipment	(38.3)	(31.5)
Capitalization of internal use software costs	(30.6)	(33.6)
Purchase of software for internal use	(7.7)	(8.7)
Short-term bank deposits	100.1	(100)
Payments for business combination, net of cash acquired	(29.9)	(397.7)
Other investing activities	(9.8)	2.1
Net cash used in investing activities	(16.2)	(569.4)
Cash flows from financing activities
Proceeds from bank borrowings, net	0	887.7
Repayments on bank borrowings	(14.2)	(960.5)
Proceeds from issuance of unsecured notes, net	0	178.9
Proceeds from issuance of common stock, net	0	470.4
Payment of debt issuance costs	0	(12)
Net cash outflow for business acquisitions	(26.9)	0
Payment of tax withholdings on stock-based payments	(2.1)	0
Net cash provided by (used in) financing activities	(43.2)	564.5
Effect of exchange rate changes on cash and cash equivalents	(18.9)	(6.3)
Net change in cash, cash equivalents and restricted cash	238	372.6
Cash, cash equivalents and restricted cash at the beginning of the period	1,019	523.6
Cash, cash equivalents and restricted cash at the end of the period	1,257	896.2
Supplemental cash flow disclosures
Cash paid for income taxes	130	79.8
Cash paid for interest	80.3	78.7
Cash received for interest	8.7	0.4
Non-cash financing and investing activities
Right-of-use assets acquired under operating leases	32.6	32.9
Contingent consideration related to business acquisition	11.4	0
Deferred Tender Offer costs	2.6	0
Capitalization of stock-based compensation costs	$ 1.7	$ 2.4

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of business and organization Playtika Holding Corp. (“Playtika”) and its subsidiaries (together with Playtika, the “Company”) is one of the world’s leading developers of mobile games creating fun, innovative experiences that entertain and engage its users. It has built best-in-class live game operations services and a proprietary technology platform to support its portfolio of games which enable it to drive strong user engagement and monetization. The Company’s games are free-to-play, and the Company seeks to provide novel, curated in-game content and offers to its users, at optimal points in their game journeys to drive user engagement and monetization. Basis of presentation and consolidation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and include Playtika and all subsidiaries in which the Company has a controlling financial interest. Control generally equates to ownership percentage, whereby (i) affiliates that are more than 50% owned are consolidated; (ii) investments in affiliates of 50% or less but greater than 20% are generally accounted for using the equity method where the Company has determined that it has significant influence over the entities; and (iii) investments in affiliates of 20% or less are generally accounted for using cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The significant accounting policies referenced in the annual consolidated financial statements of the Company as of December 31, 2021 have been applied consistently in these unaudited interim consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been recorded within the accompanying financial statements, consisting of normal, recurring adjustments, and all intercompany balances and transactions have been eliminated in the consolidation. Operating results for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. For further information, reference is made to the consolidated financial statements and footnotes thereto included in the Company's financial statements for the year ended December 31, 2021. Investment in unconsolidated entities The Company holds certain equity investments in various unconsolidated entities that, based upon the structure of the investment, are not within the scope of equity method investment accounting that would lead to the consolidation conclusions above. Instead, these investments fall within the scope of ASC 321, Investments - Equity Securities. As permitted within that guidance, the Company has elected to account for these investments at cost less impairment, adjusted for changes in fair value from observable transactions for identical or similar investments of the same issuer as of the respective transaction dates. No change to the initial carrying amounts were recorded in the nine months ended September 30, 2022. Use of estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Concentration of credit risk and significant customers Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, short-term bank deposits, restricted cash, accounts receivable and derivative contracts. The Company’s investment policy imposes certain maturity limits on the Company’s portfolio and restricts the permitted investments to the purchase of bank deposits and highly rated fixed income securities. Apple, Facebook and Google are significant distribution, marketing, promotion and payment platforms for the Company's games. A significant portion of the Company’s revenues has been generated from players who accessed the Company's games through these platforms. Therefore, the Company's accounts receivable are derived mainly from sales through these three platforms. Accounts receivable are recorded at their transaction amounts and do not bear interest. The Company performs ongoing credit evaluations of its customers. The following table summarizes the major accounts receivable of the Company as a percentage of the total accounts receivable as of the dates indicated: September 30, December 31, Apple 45% 42% Google 34% 34% Facebook 7% 8% Stock-based compensation expense The Company has a stock-based compensation program which provides for equity awards including time-based stock options, restricted stock units (“RSUs”) and performance stock units (“PSUs”). Stock-based compensation expense is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense on a straight-line basis over the requisite service period for options and RSUs and on an accelerated basis for PSUs. The Company records forfeitures as a reduction of stock-based compensation expense as those forfeitures occur. The Company used the Black-Scholes option pricing model to estimate the fair value and compensation cost associated with stock options. As it does not have a long history of market prices for its common stock because the stock was not publicly traded prior to January 2021, the Company used observable data for a group of peer companies that grant options with substantially similar terms to assist in developing its volatility assumptions. The expected volatility of the stock was determined using weighted average measures of the implied volatility and the historical volatility for the Company’s peer group of companies for a period equal to the expected life of the options. The weighted-average risk-free interest rates were based on the interest rate for U.S. Treasury bonds. The expected term assumptions were derived using the simplified method, which is based on an average between each vesting date and the expiration date of an option. This method was chosen because there was no historical option exercise experience due to the Company being privately held. The Company does not anticipate paying cash dividends on its shares of common stock in the future. The stock options have a contractual term of 10 years. Except as otherwise provided in an agreement between the Company and the employee, if an employee is terminated (voluntarily or involuntarily), any unvested awards as of the date of termination will be forfeited. The Company uses the associated per-share value at the time of grant to determine the compensation cost to be recognized associated with RSUs and PSUs granted. The Company periodically reviews the estimates of performance against the defined criteria to assess the expected payout of each outstanding PSU grant and adjusts the stock compensation expense accordingly. For RSUs, shares are issued on the vesting dates net of the applicable statutory income tax withholding to be paid by the Company on behalf of its employees. As a result, fewer shares are generally issued than the number of RSUs outstanding, and the income tax withholding is recorded as a reduction to additional paid-in capital. The Company’s stock-based compensation expense is recorded in the financial statement line item relevant to each of the award recipients. See Note 7, Equity Transactions and Stock Incentive Plan , for additional discussion. Employee related benefits Appreciation and retention plan In August 2019, the Company adopted the Playtika Holding Corp. Retention Plan (the “2021-2024 Retention Plan”) in order to retain key employees and reward them for contributing to the success of the Company. Under the 2021-2024 Retention Plan, eligible employees may be granted retention awards that let them receive their pro rata portion of a retention pool of $25 million per year for each of the plan years, and may also be granted appreciation units which allow the employee to receive their pro-rata portion of an appreciation pool calculated as a specified percentage of Adjusted EBITDA for each of the plan years. The value of each unit of the 2021-2024 Retention Plan has been amortized into compensation expense using the straight-line method, which will result in the recognition of compensation costs in the same years as the underlying EBITDA used in the plan measurement is earned. See Note 13, Appreciation and Retention Plan, for additional discussion. Exit or disposal activities The Company accounts for exit or disposal cost obligations under ASC 420-10, Exit or Disposal Cost Obligations , which requires that companies only record liabilities for such activities when such liabilities have been incurred. During the second quarter of 2022, the Company announced the closure of its Montreal, Los Angeles, Helsinki and London studios, along with limited other cost reduction activities. As a result, severance payments associated with these closures are being recorded as liabilities and recognized as expense over the period such payments are earned. During the three and nine months ended September 30, 2022, the Company recognized approximately $2.7 million and $6.1 million, respectively, in severance expense associated with these closure activities in operating expenses on the consolidated statements of comprehensive income. The Company expects to record an approximately $0.9 million of additional severance during the fourth quarter of 2022. The Company concluded that certain announced activities, including the above, were triggering events for potential impairment under ASC 360, Property, Plant, and Equipment , and therefore assessed the associated asset groups for impairment. Based upon this assessment, the Company determined that no impairment was required. The recoverable amount for the Seriously Holding Corp. assets was significantly above the carrying value of the associated assets, while the recoverable amount for the Reworks Oy (“Reworks”) assets exceed the book value by a relatively small margin. Thus, to the extent the financial results at Reworks deteriorate further in the near future, discount rates increase significantly, or we do not meet our projected performance, the Company could have impairments to record in the next twelve months, and such impairments could be material. Derivative instruments The Company uses interest rate swap contracts to reduce its exposure to fluctuating interest rates associated with the Company’s variable rate debt, and to effectively increase the portion of debt upon which the Company pays a fixed interest rate. The Company’s interest rate swap agreements are designated as cash flow hedges under ASC 815, Derivatives and Hedging (“ASC 815”), involving the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreement, without the exchange of the underlying notional amount. These hedges are highly effective in offsetting changes in the Company’s future expected cash flows due to the fluctuation of the USD one-month LIBOR rate associated with its variable rate debt. The Company monitors the effectiveness of its hedges on a quarterly basis, both qualitatively and quantitatively. The Company performed a regression analysis at inception of the hedging relationship and at period end in which it compared the change in the fair value of the swap transaction and the change in fair value of a hypothetical interest rate swap having terms that identically match the terms of the debt's interest rate payments based on 30 observations that are based on historical swap rates. Based on the regression results, the Company believes that, at inception and at period end, the hedging instrument is expected to be highly effective at offsetting changes in the hedged transactions attributable to the risk being hedged. For each future reporting period, the Company will continue performing retrospective and prospective assessments of hedge effectiveness in a single regression analysis by updating the regression analysis that was prepared at inception of the hedging relationship. The Company uses foreign currency derivative contracts to reduce its exposure to fluctuating exchange rates between the United States dollar (as the Company’s functional currency) and certain expense lines denominated in Israeli Shekels (“ILS”), Polish Zloty (“PLN”) and Romanian Leu (“RON”). The Company’s derivative contracts are designated as cash flow hedges under ASC 815. The Company monitors the effectiveness of its hedges on a quarterly basis, both qualitatively and quantitatively, and expects these hedges to remain highly effective at offsetting fluctuations in exchange rates through their respective maturity dates. See Note 8, Derivative Instruments, for additional discussion. The fair value of derivative financial instruments is recognized as an asset or liability at each balance sheet date, with changes in fair value recorded in other comprehensive income on the consolidated statements of comprehensive income until the future underlying transactions occur. The fair value approximates the amount the Company would pay or receive if these contracts were settled at the respective valuation dates. The inputs used to measure the fair value of the Company’s interest rate swap agreements are categorized as Level 2 in the fair value hierarchy as established by ASC 820, Fair Value Measurement (“ASC 820”). The inputs used to measure the fair value of the Company’s foreign currency derivative contracts are categorized as Level 2 in the fair value hierarchy as established by ASC 820. Net income per share attributable to common stockholders For all periods presented herein, basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share reflects the effect of all potentially dilutive common shares outstanding by dividing net income by the weighted-average of all common and potentially dilutive shares outstanding. Performance Stock Units are considered potentially dilutive as of the first day of the reporting period in which the underlying performance metric is achieved. In the event of a loss, diluted shares are not considered because of their anti-dilutive effect.

ACQUISITION

ACQUISITION	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITION	ACQUISITION Acquisition of JustPlay.LOL Ltd On March 21, 2022, the Company acquired all of the issued and outstanding shares of JustPlay.LOL Ltd. (“JustPlay”) consistent with the Company’s strategy to increase its breadth of entertainment genres and leverage the Company’s Boost platform to enhance game-operations. The acquisition was accounted for as a business combination. Within the accompanying consolidated financial statements, management has recorded its final estimate of the assets acquired and liabilities assumed in the acquisition, along with an estimate of the fair value for contingent consideration payable, based upon management’s financial models for this acquisition, and upon similar allocations from prior acquisitions. The Company has engaged a third-party valuation specialist to assist the Company and such valuations were finalized during the third quarter of 2022. The goodwill, which is non-deductible for tax purposes, is generally attributable to synergies between the Company's and JustPlay's respective studio operations and games. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed (in millions): Consideration Total Consideration $ 42.0 Less: Cash acquired (0.7) Total consideration, net of cash acquired 41.3 Less: Acquisition date fair value of contingent consideration (11.4) Consideration paid as of March 23, 2022 $ 29.9 Identifiable assets acquired and liabilities assumed Accounts receivable $ 1.0 Property and equipment 0.1 Intangible assets other than goodwill 12.3 Goodwill 29.7 Contingent consideration (11.4) Deferred tax liability (1.5) Liabilities assumed (0.3) Total identifiable assets acquired and liabilities assumed $ 29.9 The developed game assets acquired and included in the above table are being amortized on a straight-line basis over their estimated useful life of six years, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized. Pro forma results of operations for this acquisition subsequent to the March 23, 2022 acquisition date have not been presented because the incremental results from JustPlay are not material to the consolidated statements of comprehensive income presented herein.

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL Changes in goodwill for the nine months ended September 30, 2022 were as follows (in millions): Nine months ended Balance at beginning of period $ 788.1 Goodwill acquired during the period 29.7 Foreign currency translation adjustments (15.6) Balance at end of period $ 802.2

INTANGIBLE ASSETS OTHER THAN GO

INTANGIBLE ASSETS OTHER THAN GOODWILL, NET	9 Months Ended
	Sep. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
INTANGIBLE ASSETS OTHER THAN GOODWILL, NET	INTANGIBLE ASSETS OTHER THAN GOODWILL, NET The carrying amounts and accumulated amortization of the acquired intangible assets other than goodwill, net, including the impact of foreign currency exchange translation, at September 30, 2022 and December 31, 2021, were as follows (in millions): September 30, 2022 Weighted average remaining useful life (in years) Balance December 31, Historical cost basis Developed games and acquired technology 4.5 $ 585.6 $ 591.0 Trademarks and user base 0.0 30.9 31.2 Internal use software 2.4 126.1 97.0 742.6 719.2 Accumulated amortization Developed games and acquired technology (288.0) (247.9) Trademarks and user base (30.8) (23.0) Internal use software (49.2) (31.0) (368.0) (301.9) Intangible assets other than goodwill, net $ 374.6 $ 417.3 During the three months ended September 30, 2022 and 2021, the Company recorded amortization expense in the amounts of $28.2 million and $25.6 million, respectively. During the nine months ended September 30, 2022 and 2021, the Company recorded amortization expense in the amounts of $88.3 million and $71.6 million, respectively. As of September 30, 2022, the total expected future amortization related to intangible assets was as follows (in millions): Remaining 2022 $ 27.7 2023 101.1 2024 85.7 2025 75.2 2026 and thereafter 84.9 Total $ 374.6

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	9 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities at September 30, 2022 and December 31, 2021 were as follows (in millions): September 30, December 31, Accrued expenses $ 161.2 $ 132.7 Tax accruals 133.9 162.5 Employees and related expenses 127.9 167.8 Deferred revenues 31.2 31.6 Total accrued expenses and other current liabilities $ 454.2 $ 494.6

DEBT

DEBT	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
DEBT	DEBT September 30, 2022 December 31, 2021 (in millions, except interest rates) Maturity Interest Book value Face value Book value Term Loan 2028 5.270% $ 1,834.5 $ 1,871.5 $ 1,843.8 Senior Notes 2029 4.250% 592.2 600.0 591.3 Revolving Credit Facility 2026 n/a — — — Total debt 2,426.7 2,471.5 2,435.1 Less: Current portion of long-term debt (12.4) (19.0) (12.2) Long-term debt $ 2,414.3 $ 2,452.5 $ 2,422.9 Book value of debt in the table above is reported net of deferred financing costs and original issue discount of $44.8 million at September 30, 2022 and deferred financing costs of $50.7 million at December 31, 2021, respectively. Credit Agreement On December 10, 2019, the Company entered into $2,750 million of senior secured credit facilities (the "Credit Facilities"), consisting of a $250 million revolving credit facility (the "Revolving Credit Facility"), and a $2,500 million first lien term loan (the "Old Term Loan"). The Credit Facilities were provided pursuant to a Credit Agreement, dated as of December 10, 2019 (the "Credit Agreement"), by and among Playtika, the lenders party thereto, and Credit Suisse, AG, Cayman Islands Branch, as administrative agent (in such capacity, the "Administrative Agent") and collateral agent (in such capacity, the "Collateral Agent"). On June 15, 2020, the Company increased the capacity of the Revolving Credit Facility to $350 million. On January 15, 2021, the Company increased the borrowing capacity of the Revolving Credit Facility from $350 million to $550 million. On March 11, 2021, the Company amended the Credit Agreement pursuant to an Incremental Assumption Agreement No. 3 and Second Amendment to Credit Agreement (the “Second Amendment”). The Second Amendment, among other things, effected a refinancing of the Old Term Loan with a new $1.9 billion senior secured first lien term loan borrowed under the Credit Agreement (the “New Term Loan”), increased the Revolving Credit Facility to $600 million and extended the maturity of the Revolving Credit Facility to March 11, 2026. The New Term Loan matures on March 11, 2028 and requires scheduled quarterly principal payments in amounts equal to 0.25% of the original aggregate principal amount of the New Term Loan, with the balance due at maturity. The Revolving Credit Facility includes a maximum first-priority net senior secured leverage ratio financial maintenance covenant of 6.25 to 1.0. At September 30, 2022, the Company’s first-priority net senior secured leverage ratio was 0.79 to 1.0. The Company was in compliance with its financial and other covenants under the Credit Agreement as of September 30, 2022. Interest and Fees Borrowings under the Credit Agreement bear interest at a rate equal to, at the Company’s option, either (a) LIBOR determined by reference to the cost of funds for Eurodollar deposits for the interest period relevant to such borrowing, adjusted for certain additional costs, subject to a floor of 0% or (b) a base rate determined by reference to the highest of (i) the federal funds rate plus 0.50%, (ii) the prime rate as determined by the administrative agent and (iii) the one-month adjusted LIBOR rate plus 1.00%, in each case plus an applicable margin. Such applicable margin is (x) with respect to the New Term Loan, 2.75% per annum in the case of any LIBOR loan or 1.75% per annum in the case of any base rate loan, subject to one 0.25% step-down based on the Company’s credit ratings and (y) in the case of the Revolving Credit Facility, a range from 2.25% to 3.00% per annum in the case of any LIBOR loan and a range from 1.25% to 2.00% per annum in the case of any base rate loan, based on the Company’s net senior secured leverage ratio. In addition, on a quarterly basis, the Company is required to pay each lender under the Revolving Credit Facility a commitment fee in respect of any unused commitments under the Revolving Credit Facility in the amount of 0.50% of the principal amount of the daily unused commitments of such lender, subject to step-downs to 0.375% and 0.25% based upon the Company’s senior secured leverage ratio. The Company is also required to pay customary agency fees as well as letter of credit participation fees on outstanding letters of credit. The Credit Agreement permits voluntary prepayments and requires mandatory prepayments in certain events including, among others, 50% (subject to step-downs to 25% and 0% based upon the Company’s net total secured leverage ratio) of the Company's excess cash flow to the extent such amount exceeds $10 million, certain net cash proceeds from non-ordinary asset sale transactions (subject to reinvestment rights), and 100% of net proceeds of any issuance of debt (except for debt permitted to be incurred by the Credit Agreement). If the Company’s total secured leverage ratio remains below 2.0 to 1.0, consistent with the ratio for the year ended December 31, 2021, the Company’s required excess cash flow percentage for 2022 will step down to 0%. The significant terms and conditions of the Credit Agreement have not changed from what was disclosed in Note 9, Debt in our Annual Report on Form 10-K filed with the SEC on March 2, 2022. Offering of 4.250% Senior Notes due 2029 Indenture On March 11, 2021, the Company issued $600.0 million aggregate principal amount of its 4.250% senior notes due 2029 (the “Notes”) under an indenture, dated March 11, 2021 (the “Indenture”), among the Company, the subsidiary guarantors party thereto and Wilmington Trust, National Association, as trustee (the “Trustee”). Maturity and Interest The Notes mature on March 15, 2029. Interest on the Notes will accrue at a rate of 4.250% per annum. Interest on the Notes is payable semi-annually in cash in arrears on March 15 and September 15 of each year. The significant terms and conditions of the Notes have not changed from what was disclosed in Note 9, Debt in our Annual Report on Form 10-K filed with the SEC on March 2, 2022.

EQUITY TRANSACTIONS AND STOCK I

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN	EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN Tender Offer On August 29, 2022, the Company announced a tender offer for the purchase of up to 51,813,472 shares of its issued and outstanding common stock, par value $0.01 per share (each, a “Share” and collectively, “Shares”) or such lesser number of Shares as are properly tendered and not properly withdrawn, at a price of $11.58 per Share (the "Tender Offer"). On October 10, 2022, the Company announced that it accepted for purchase 51,813,472 Shares for an aggregate cost of $600 million, excluding fees and expense related to the Tender Offer. The number of shares that the Company has accepted for purchase in the Tender Offer represented approximately 12.6% of the total number of shares outstanding as of September 30, 2022. Overview of Stock Incentive Plan On May 26, 2020, the Board of Directors of the Company approved the Playtika Holding Corp. 2020 Incentive Award Plan (the “Plan”). The maximum number of shares of the Company’s common stock for which grants may be made under the Plan was 56,232,228 shares as of September 30, 2022. As of September 30, 2022, a total of 7,315,250 shares of the Company’s common stock remained available for grants of awards under the Plan. Stock Options The following table summarizes the Company’s stock option activity during the nine months ended September 30, 2022: Stock Weighted Weighted Options Average Average Intrinsic Outstanding Remaining Exercise Value (in millions) Term (in years) Price (in millions) Outstanding at January 1, 2022 15.8 8.8 $ 22.70 Granted 2.6 $ 15.48 Exercised — Cancelled (2.7) $ 20.71 Expired (0.5) $ 18.71 Outstanding at September 30, 2022 15.2 8.3 $ 19.16 $ — Exercisable at September 30, 2022 5.7 8.0 $ 21.14 $ — The Company used the Black-Scholes option pricing model for determining the estimated fair value of stock-based compensation related to stock options. The table below summarizes the assumptions used for the options granted in each respective period, as well as for options repriced during the first quarter of 2022: Nine months ended 2022 2021 Risk-free interest rate 0.67% - 2.94% 0.67% - 0.98% Expected dividend yield — — Expected term in years 6.1 6.1 Expected volatility 40.96% - 42.52% 38.19% - 38.56% On February 7, 2022, the Compensation Committee of the Board of Directors of the Company approved an amendment to 5,303,242 options granted in 2021 that are scheduled to vest after the first anniversary of the grant date (the “Adjusted Portion”). The Adjusted Portion was amended to reduce the per share exercise prices of such Adjusted Portion to $18.71. The Company accounted for the repricing as a modification and will record incremental compensation expense of approximately $8.8 million from the time of the repricing through the remaining vesting period. There were no awards to any named executive officers or other Section 16 executives included in this repricing. RSUs The following table summarizes the Company’s RSU activity during the nine months ended September 30, 2022: Weighted Total Fair Average Value of Shares Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2022 11.4 $ 25.29 Granted 6.1 $ 15.49 Vested (1.8) $ 30.53 $ 31.3 Cancelled (1.6) $ 23.26 Outstanding at September 30, 2022 14.1 $ 20.61 PSUs On February 7, 2022, the Compensation Committee of the Board of Directors of the Company approved the grant of PSUs to certain employees pursuant to the Plan. For each annual performance period consisting of calendar years 2022 through 2025, up to 25% of the PSUs will be eligible to vest based on the Company’s annual revenue growth rate during the applicable performance period relative to threshold, target and maximum achievement levels. If the Company’s annual revenue growth rate for a performance period is between two achievement levels, the achievement percentage will be determined by linear interpolation between the applicable achievement levels. Notwithstanding the foregoing, in no event shall less than 25 PSUs vest during each performance period for Israeli participants. As of September 30, 2022, the Company believes that achieving the performance thresholds for the 2022 and 2023 performance targets as currently outlined in the award agreements is not probable and have therefore recognized no expense for the PSUs associated with these tranches in the nine months ended September 30, 2022. The following table summarizes the Company’s PSU activity during the nine months ended September 30, 2022: Weighted Total Fair Average Value of Shares (1) Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2022 — $ — Granted 3.5 $ 15.65 Vested — $ — $ — Cancelled — $ — Outstanding at September 30, 2022 3.5 $ 15.65 ________ (1) The number of shares for the PSUs listed as granted represent the total number of PSUs granted to each recipient eligible to vest if the Company meets its highest specified performance goals for the applicable period. Stock-Based Compensation The following table summarizes stock-based compensation costs, net of amounts capitalized, as reported on the Company’s consolidated statement of comprehensive income (in millions): Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 Research and development expenses $ 11.3 $ 4.8 $ 38.3 $ 18.3 Sales and marketing expenses 2.8 2.4 8.5 8.4 General and administrative expenses 17.5 15.8 60.0 46.1 Total stock-based compensation costs, net of amounts capitalized $ 31.6 $ 23.0 $ 106.8 $ 72.8 During the three and nine months ended September 30, 2022, the Company capitalized $0.3 million and $1.7 million of stock-based compensation cost, respectively. During each of the three and nine months ended September 30, 2021, the Company capitalized $2.4 million of stock-based compensation cost.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	DERIVATIVE INSTRUMENTS Interest Rate Swap Agreements In March 2021, the Company entered into two interest rate swap agreements, each with a notional value of $250 million. Each of these swap agreements is with a different financial institution as the counterparty to reduce the Company’s counterparty risk. Each swap requires the Company to pay a fixed interest rate of 0.9275% in exchange for receiving one-month LIBOR. The interest rate swap agreements settle monthly commencing in April 2021 through their termination dates on April 30, 2026. The estimated fair value of the Company’s interest rate swap agreements is derived from a discounted cash flow analysis. The aggregate fair value of the Company’s interest rate swap agreements was an asset of $52.5 million as of September 30, 2022 and was recorded between prepaid expenses and other current assets and other non-current assets in the accompanying consolidated balance sheets based upon the timing of the underlying expected cash flows. Foreign currency hedge agreements At September 30, 2022, the Company had outstanding derivative contracts to purchase certain foreign currencies, including ILS, RON, and PLN at future dates. The amount of future salary expenses the Company had hedged was approximately $181.4 million, and all contracts are expected to mature during the upcoming 12 months. The aggregate fair value of the Company’s derivative contracts was a net liability of $14.4 million as of September 30, 2022 and was recorded in accrued expenses and other current liabilities in the accompanying consolidated balance sheets. In the second quarter of 2022, in conjunction with the announced closing of its Canadian operations, the Company terminated its derivative contract to purchase CAD resulting in an immaterial gain.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The Company accounts for fair value in accordance with ASC 820. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The Company uses a three-tier hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1 - Quoted prices in active markets for identical assets or liabilities. Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The first two levels in the hierarchy are considered observable inputs and the last is considered unobservable. The carrying value of accounts receivable and payables and the Company's cash and cash equivalents, short-term bank deposits and restricted cash, approximates fair value due to the short time to expected payment or receipt of cash. The following table summarizes the fair value measurement of the Company’s long-term debt at September 30, 2022 (in millions): September 30, 2022 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,871.5 $ 1,787.3 Level 2 Senior Notes 600.0 478.5 Level 2 Total debt $ 2,471.5 $ 2,265.8 The estimated fair value of the Company’s term loan is based upon the prices at which the Company’s debt traded in the days immediately preceding the balance sheet date. As the trading volume of the Company’s debt is low relative to the overall debt balance, the Company does not believe that the associated transactions represent an active market, and therefore this indication of value represents a level 2 fair value input. The following table sets forth the assets and liabilities measured at fair value on a recurring basis in the Company’s consolidated balance sheets at September 30, 2022 (in millions): Fair Value at Pricing September 30, 2022 December 31, 2021 Cash and cash equivalents Money market funds Level 1 $ 872.0 $ 310.2 Prepaid expenses and other current assets Derivative instruments - foreign currency derivative contracts Level 2 $ — $ 1.3 Derivative instruments - interest rate swaps Level 2 16.8 — Other non-current assets: Derivative instruments - interest rate swaps Level 2 $ 35.7 $ 7.9 Accrued expenses and other current liabilities: Derivative instruments - foreign currency derivative contracts Level 2 $ 14.4 $ — Derivative instruments - interest rate swaps Level 2 — 2.4 Contingent consideration Level 3 $ — $ 28.7 The Company estimates the fair value of interest rate swap contracts by discounting the future cash flows of both the fixed rate and variable rate interest payments based on market yield curves. The inputs used to measure the fair value of the Company’s interest rate swap contracts are categorized as Level 2 in the fair value hierarchy as established by ASC 820. The fair value of the Company’s foreign currency contracts approximates the amount the Company would pay or receive if these contracts were settled at the respective valuation dates. The inputs used to measure the fair value of the Company’s foreign currency contracts are categorized as Level 2 in the fair value hierarchy as established by ASC 820. The change in fair value of contingent consideration payable was valued using significant unobservable inputs (Level 3), was included in the general and administrative expenses in the Company’s consolidated statements of comprehensive income and consisted of the following (in millions): Balance as of January 1, 2022 $ 28.7 Recorded in connection with acquisition transaction 11.4 Adjustment based on subsequent settlement agreement (1) (28.7) Fair value adjustments based upon post-acquisition performance (11.4) Balance as of September 30, 2022 $ — _______ (1) See Note 10, Commitments and Contingencies, for additional discussion. The Company estimated the fair value of its contingent consideration liabilities using probability-weighted discounted cash flow analyses. These fair value measurements are based on significant inputs not observable in the market and thus represent Level 3 measurements as defined in ASC 820. The extent to which the actual results differ from assumptions made within the probability-weighted analyses will result in adjustments to this liability in future periods. The Company has not elected the fair value measurement option available under U.S. GAAP for any of its assets or liabilities that meet the option for these criteria.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In December 2016, a copywriter lawsuit was filed against Wooga GmbH (a subsidiary of the Company) in the regional court of Berlin, Germany. The Plaintiff is suing for additional remuneration to his contributions for a storyline provided for one of Wooga's games and alleged reuse of parts of that storyline in one of Wooga’s other games. In its partial ruling delivered on August 18, 2020, the court dismissed the latter claim, but ordered Wooga to provide to the plaintiff revenue numbers of the game in which plaintiff’s contributions are used. Wooga complied with the court’s order. The plaintiff further pursues additional remuneration claims, including filing a statement with the court on June 13, 2022 in which plaintiff is seeking Euro 8.5 million plus interest. A hearing in court was held on June 21, 2022. The parties filed their latest statements on September 26, 2022 and now await further instructions from the court. As of September 30, 2022, the Company has recorded in its financial statements a reserve based upon its best estimate outcome. It is possible that any final amounts payable in connection with this lawsuit could exceed the Company’s currently reserved best estimate. The Company has defended this case vigorously and will continue to do so. In November 2013, the Company’s subsidiary, Playtika, Ltd., sent an initial demand letter to Enigmatus s.r.o., a game developer in the Czech Republic, which owns various U.S. trademark registrations that resemble the Company’s Sloto-formative trademark names, demanding that it cease use of the trademark Slotopoly. In response, Enigmatus s.r.o. asserted that it was the owner of the Sloto-formative trademarks and denied that its game title infringed the Company’s trademarks. Enigmatus s.r.o. applied to register one of the Company’s trademarks in the United Kingdom and European Union, and the Company successfully opposed its applications. In December 2016, Enigmatus s.r.o., filed a trademark infringement lawsuit, Enigmatus, s.r.o. v. Playtika LTD and Caesars Interactive Entertainment, Inc., against Playtika, Ltd. and Caesars Interactive Entertainment LLC in the Federal Court of Canada asserting that the Company’s use of the Slotomania trademarks violates its proprietary and trademark rights. The plaintiff sought injunctive relief and monetary damages. Pleadings have been exchanged and the lawsuit is in the discovery stage. A hearing date for summary trial has been scheduled for June 27-29, 2023. The Company has defended this case vigorously and will continue to do so. As the case is in preliminary stages, the Company cannot estimate what impact, if any, the litigation may have on its results of operations, financial condition or cash flows. On November 23, 2021, the Company and its directors and certain of its officers were named in a putative class action lawsuit filed in the United States District Court for the Eastern District of New York (Bar-Asher v. Playtika Holding Corp. et al.). The complaint was brought on behalf of an alleged class of purchasers of the Company’s securities between January 15, 2021 and November 2, 2021, and alleged violations of federal securities laws arising out of alleged misstatements or omissions by the defendants during the alleged class period. On March 10, 2022, the court appointed LBMotion Ltd as lead plaintiff, and the plaintiff filed an amended complaint on May 6, 2022. The amended complaint alleges violations of Section 11 and 15 of the Securities Act of 1933 and seeks, among other things, damages and attorneys’ fees and costs on behalf of the putative class. The amended complaint also added the companies that served as underwriters for the Company’s IPO as defendants in the lawsuit. On September 15, 2022, in accordance with local rules of the Court, the Company and other defendants in the case filed a letter notifying the Court of defendants’ service upon plaintiffs of, among other things, a notice of motion to dismiss plaintiffs’ amended complaint and memorandum of law in support of the defendants’ motion to dismiss plaintiffs’ amended complaint. As the case is in preliminary stages, the Company cannot estimate what impact, if any, the litigation may have on its results of operations, financial condition or cash flows. The Company has defended this case vigorously and will continue to do so. On August 31, 2021, Playtika UK – House of Fun Limited (“Buyer”), a wholly owned subsidiary of the Company, entered into a Share Sale and Purchase Agreement (“SPA”) with the shareholders and option holders (collectively, the “Sellers”) of Reworks pursuant to which the Buyer (i) acquired 80% of all issued and registered shares and options (“Share Capital”) of Reworks in exchange for cash consideration of $400 million, subject to customary closing adjustments, and (ii) would acquire the remaining 20% of the Share Capital (“Remainder Shares and Options”) for additional cash consideration (“Earnout Payment”) in an amount to be determined based on certain performance metrics during the calendar year 2022. The Earnout Payment was expected to be calculated based on the amount of “Company EBITDA” (as defined in the SPA) in calendar year 2022 in excess of $10.3 million multiplied by 6.0, not to exceed $200 million, as further described in the SPA. In the event “Company EBITDA” (as defined in the SPA) was $10.3 million or less, the Earnout Payment would be $1. On August 1, 2022, in connection with a contractual dispute between Buyer and the Sellers under the SPA, Buyer and the Sellers entered into an Omnibus Agreement, pursuant to which, among other things, (i) Buyer acquired title to the Remainder Shares and Options in exchange for a $45 million cash payment to the Sellers (in lieu of the Earnout Payment), (ii) Buyer and the sellers’ representative issued joint instructions to release $15.5 million from the Escrow Account (Claims) (as defined in the SPA) to the Sellers, (iii) Sellers released Buyer and its affiliates from all past, current and future claims arising out of the SPA, including but not limited to Reworks’ obligation under the SPA to spend a minimum $75 million in marketing and user acquisition activities during calendar year 2022, with exceptions for certain representations, warranties and covenants, (iv) Buyer released Sellers and each of their affiliates from all past, current and future claims arising out of the SPA, with exceptions for certain representations, warranties and covenants, and (v) certain Key Employee Agreements (as defined in the SPA) were terminated. The Earnout Payment was made in the third quarter of 2022. As of September 30, 2022, the Company has no remaining liability reflected in the financial statements herein. On May 17, 2022, Guy David Ben Yosef filed a motion for approval of a class action lawsuit in district court in Tel Aviv-Jaffa Israel against Playtika Group Israel Ltd. (“PGI”), on behalf of all of PGI’s customers who made game token purchases in Israel as part of games marketed by PGI during the seven years preceding the filing of the motion and for all subsequent customers of such games who purchase tokens until the resolution of the claim. The motion alleges that certain of the Company’s slot, poker and solitaire-themed games, including Slotomania, Caesars Slots, Solitaire Grand Harvest, House of Fun and Poker Heat, constitute illegal gambling and are prohibited under Israeli law and are misleading under Israeli consumer protection laws and alleges unjust enrichment. The motion asserts damages of NIS 50 million. PGI’s response to the motion is due on November 27, 2022, and a pre-trial hearing in district court has been set for December 11, 2022. As the case is in preliminary stages, the Company cannot estimate what impact, if any, the litigation may have on its results of operations, financial condition or cash flows. The Company will defend this case vigorously. The Company has received a number of demand letters pursuant to Section 220 of the Delaware General Corporation Law (“DGCL”), seeking disclosure of certain of the Company’s books and records. The Company has responded to those demands, stating its belief that the demand letters fail to fully comply with the requirements of Section 220 of the DGCL. However, in the interest of resolution and while preserving all rights, the Company has engaged in negotiations with certain of the shareholders.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS The following table provides information about disaggregated revenue by geographic location of the Company’s players and type of platform (in millions): Three months ended Nine months ended 2022 2021 2022 2021 Geographic location USA $ 457.2 $ 443.5 $ 1,398.4 $ 1,366.9 EMEA 94.1 94.6 292.8 281.1 APAC 51.5 55.5 156.0 155.1 Other 45.0 42.3 137.1 130.9 Total $ 647.8 $ 635.9 $ 1,984.3 $ 1,934.0 Platform type Mobile $ 519.1 $ 507.5 $ 1,592.3 $ 1,546.3 Web 128.7 128.4 392.0 387.7 Total revenues $ 647.8 $ 635.9 $ 1,984.3 $ 1,934.0 Revenues through third-party platforms and through the Company’s own direct-to-consumer platforms were as follows (in millions): Three months ended Nine months ended 2022 2021 2022 2021 Third-party platforms $ 497.1 $ 498.2 $ 1,527.6 $ 1,545.9 Direct-to-consumer platforms 150.7 137.7 456.7 388.1 Total revenues $ 647.8 $ 635.9 $ 1,984.3 $ 1,934.0 Contract balances Payments from players for virtual items are collected by platform providers or payment processors and remitted to the Company (net of the platform or clearing fees) generally within 45 days after the player transaction. The Company’s right to receive the payments collected by the platform providers or payment processors is recorded as an accounts receivable as the right to receive payment is unconditional. Deferred revenues, which represent a contract liability, represent mostly unrecognized fees billed for virtual items which have not yet been consumed at the balance sheet date. Platform fees paid to platform providers or payment processors and associated with deferred revenues represent a contract asset. Balances of the Company’s contract assets and liabilities are as follows (in millions): September 30, December 31, Accounts receivable $ 128.0 $ 143.7 Contract assets (1) 8.6 9.4 Contract liabilities (2) 31.2 31.6 _______ (1) Contract assets are included within prepaid expenses and other current assets in the Company’s consolidated balance sheets. (2) Contract liabilities are included within accrued expenses and other current liabilities as “deferred revenues” in the Company’s consolidated balance sheets. During the three and nine months ended September 30, 2022, the Company recognized $2.2 million and $31.6 million, respectively, of its contract liabilities that were outstanding as of December 31, 2021. Unsatisfied performance obligations Substantially all of the Company’s unsatisfied performance obligations relate to contracts with an original expected length of one year or less.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company operates its business as one operating segment and one reportable segment. The Company’s long-lived assets, net, by country of domicile are as follows (in millions): September 30, December 31, Israel $ 90.3 $ 73.9 USA 52.3 51.4 Ukraine 30.2 32.5 Other 38.3 34.9 Total long-lived assets, net $ 211.1 $ 192.7

APPRECIATION AND RETENTION PLAN

APPRECIATION AND RETENTION PLAN	9 Months Ended
	Sep. 30, 2022
Compensation Related Costs [Abstract]
APPRECIATION AND RETENTION PLAN	APPRECIATION AND RETENTION PLAN In August 2019, the Board approved the 2021-2024 Retention Plan. Under the 2021-2024 Retention Plan, eligible employees may be granted retention awards that let them receive their pro rata portion of a retention pool of $25 million per year for each of the plan years, and may also be granted appreciation units which allow the employee to receive their pro-rata portion of an appreciation pool calculated as a specified percentage of Adjusted EBITDA in each of the plan years. The Company recognized compensation expenses in respect of retention bonus and appreciation unit awards under its appreciation and retention plans of $27.0 million and $28.5 million during the three months ended September 30, 2022 and 2021, respectively, and $79.9 million and $88.5 million during the nine months ended September 30, 2022 and 2021, respectively. The Company has also granted retention awards to key individuals associated with acquired companies as an incentive to retain those individuals on a long-term basis. The Company recognized compensation expenses associated with these development-related retention payments of $0.2 million and $2.3 million during the three months ended September 30, 2022 and 2021, respectively, and $7.7 million and $9.1 million during the nine months ended September 30, 2022 and 2021, respectively.

INTEREST AND OTHER, NET

INTEREST AND OTHER, NET	9 Months Ended
	Sep. 30, 2022
Other Income and Expenses [Abstract]
INTEREST AND OTHER, NET	INTEREST AND OTHER, NET Interest and other, net are as follows (in millions): Three months ended Nine months ended 2022 2021 2022 2021 Interest expense $ 31.5 $ 23.7 $ 81.1 $ 124.8 Interest income (5.8) (0.2) (9.1) (0.5) Foreign currency translation differences, net (1.5) 0.8 0.9 0.6 Other 0.1 0.6 1.3 (0.3) Total interest and other, net $ 24.3 $ 24.9 $ 74.2 $ 124.6

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Three months ended Nine months ended (in millions, except tax rate) 2022 2021 2022 2021 Income before income taxes $ 107.1 $ 129.6 $ 268.9 $ 325.6 Provision for income taxes $ 38.9 $ 49.1 $ 81.1 $ 119.4 Effective tax rate 36.3 % 37.9 % 30.2 % 36.7 % The effective tax rates were determined using a worldwide estimated annual effective tax rate and took discrete items into consideration. The primary differences between the effective tax rate and the 21% U.S. federal statutory rate for the three and nine months ended September 30, 2022 were due to tax provisions that do not meet the more likely than not standard, the inclusion of Global Intangible Low-Taxed Income, and nondeductible share-based compensation. The primary differences between the effective tax rate and the 21% U.S. federal statutory rate for the three and nine months ended September 30, 2021 were due to tax positions that do not meet the more likely than not standard, and rates in foreign jurisdictions and the relative amounts of income earned in those jurisdictions.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables show a summary of changes in accumulated other comprehensive income (loss), net of tax, by component for the three and nine months ended September 30, 2022 and 2021 (in millions): Foreign Currency Translation Interest Rate Swaps Foreign Currency Derivative Contracts Total Balance as of January 1, 2022 $ (1.9) $ 4.2 $ 0.9 $ 3.2 Other comprehensive income (loss) before reclassifications (3.3) 17.7 0.3 14.7 Amounts reclassified from accumulated other comprehensive income (loss) — 0.8 (0.1) 0.7 Balance as of March 31, 2022 (5.2) 22.7 1.1 18.6 Other comprehensive income (loss) before reclassifications (10.0) 5.2 (12.3) (17.1) Amounts reclassified from accumulated other comprehensive income — 0.1 1.1 1.2 Balance as of June 30, 2022 (15.2) 28.0 (10.1) 2.7 Other comprehensive income (loss) before reclassifications (14.5) 13.7 (6.0) (6.8) Amounts reclassified from accumulated other comprehensive income (loss) — (1.2) 4.0 2.8 Balance as of September 30, 2022 $ (29.7) $ 40.5 $ (12.1) $ (1.3) Foreign Currency Translation Interest Rate Swaps Foreign Currency Derivative Contracts Total Balance as of January 1, 2021 $ 16.7 $ — $ — $ 16.7 Other comprehensive income (loss) before reclassifications (9.9) 0.7 (1.1) (10.3) Amounts reclassified from accumulated other comprehensive income — — 0.3 0.3 Balance as of March 31, 2021 6.8 0.7 (0.8) 6.7 Other comprehensive income (loss) before reclassifications 2.8 (3.2) 1.1 0.7 Amounts reclassified from accumulated other comprehensive income — 0.5 — 0.5 Balance as of June 30, 2021 9.6 (2.0) 0.3 7.9 Other comprehensive income (loss) before reclassifications (5.7) — 0.4 (5.3) Amounts reclassified from accumulated other comprehensive income (loss) — 0.9 (0.4) 0.5 Balance as of September 30, 2021 $ 3.9 $ (1.1) $ 0.3 $ 3.1

NET INCOME ATTRIBUTABLE TO COMM

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in millions, except per share data): Three months ended Nine months ended 2022 2021 2022 2021 Numerator: Net income $ 68.2 $ 80.5 $ 187.8 $ 206.2 Denominator: Weighted-average shares used in computing net income per share attributable to common stockholders, basic 412.7 409.6 412.3 408.6 Weighted-average shares used in computing net income per share attributable to common stockholders, diluted 412.7 411.6 412.6 410.9 Net income per share, basic $ 0.17 $ 0.20 $ 0.46 $ 0.50 Net income per share, diluted $ 0.17 $ 0.20 $ 0.46 $ 0.50 The Company uses the treasury stock method on a grant-by-grant basis as the method for determining the dilutive effect of options and RSUs. Under this method, it is assumed that the hypothetical proceeds received upon settlement are used to repurchase common shares at the average market price during the period. The following outstanding employee equity awards were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive for the periods presented (in millions): Three months ended Nine months ended 2022 2021 2022 2021 Stock options 16.2 7.8 16.8 8.2 RSUs 14.2 4.6 9.5 4.6 Total 30.4 12.4 26.3 12.8 In addition, 3.5 million PSUs were excluded from the calculation of diluted net income per share for the three and nine months ended September 30, 2022 because the minimum performance measures were not yet met.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company performed a review for subsequent events through the date of these financial statements. Other than the Tender Offer detailed in Note 7, Equity Transactions and Stock Incentive Plan , no other material items were noted for disclosure.

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Description of business and organization	Description of business and organization Playtika Holding Corp. (“Playtika”) and its subsidiaries (together with Playtika, the “Company”) is one of the world’s leading developers of mobile games creating fun, innovative experiences that entertain and engage its users. It has built best-in-class live game operations services and a proprietary technology platform to support its portfolio of games which enable it to drive strong user engagement and monetization. The Company’s games are free-to-play, and the Company seeks to provide novel, curated in-game content and offers to its users, at optimal points in their game journeys to drive user engagement and monetization.
Basis of presentation and consolidation	Basis of presentation and consolidation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and include Playtika and all subsidiaries in which the Company has a controlling financial interest. Control generally equates to ownership percentage, whereby (i) affiliates that are more than 50% owned are consolidated; (ii) investments in affiliates of 50% or less but greater than 20% are generally accounted for using the equity method where the Company has determined that it has significant influence over the entities; and (iii) investments in affiliates of 20% or less are generally accounted for using cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The significant accounting policies referenced in the annual consolidated financial statements of the Company as of December 31, 2021 have been applied consistently in these unaudited interim consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been recorded within the accompanying financial statements, consisting of normal, recurring adjustments, and all intercompany balances and transactions have been eliminated in the consolidation. Operating results for the three and nine months ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. For further information, reference is made to the consolidated financial statements and footnotes thereto included in the Company's financial statements for the year ended December 31, 2021.
Investment in unconsolidated entities	Investment in unconsolidated entities The Company holds certain equity investments in various unconsolidated entities that, based upon the structure of the investment, are not within the scope of equity method investment accounting that would lead to the consolidation conclusions above. Instead, these investments fall within the scope of ASC 321, Investments - Equity Securities. As permitted within that guidance, the Company has elected to account for these investments at cost less impairment, adjusted for changes in fair value from observable transactions for identical or similar investments of the same issuer as of the respective transaction dates. No change to the initial carrying amounts were recorded in the nine months ended September 30, 2022.
Use of estimates	Use of estimatesThe preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Concentration of credit risk and significant customers	Concentration of credit risk and significant customers Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, short-term bank deposits, restricted cash, accounts receivable and derivative contracts. The Company’s investment policy imposes certain maturity limits on the Company’s portfolio and restricts the permitted investments to the purchase of bank deposits and highly rated fixed income securities. Apple, Facebook and Google are significant distribution, marketing, promotion and payment platforms for the Company's games. A significant portion of the Company’s revenues has been generated from players who accessed the Company's games through these platforms. Therefore, the Company's accounts receivable are derived mainly from sales through these three platforms. Accounts receivable are recorded at their transaction amounts and do not bear interest. The Company performs ongoing credit evaluations of its customers.
Stock-based compensation expense and Employee related benefits	Stock-based compensation expense The Company has a stock-based compensation program which provides for equity awards including time-based stock options, restricted stock units (“RSUs”) and performance stock units (“PSUs”). Stock-based compensation expense is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense on a straight-line basis over the requisite service period for options and RSUs and on an accelerated basis for PSUs. The Company records forfeitures as a reduction of stock-based compensation expense as those forfeitures occur. The Company used the Black-Scholes option pricing model to estimate the fair value and compensation cost associated with stock options. As it does not have a long history of market prices for its common stock because the stock was not publicly traded prior to January 2021, the Company used observable data for a group of peer companies that grant options with substantially similar terms to assist in developing its volatility assumptions. The expected volatility of the stock was determined using weighted average measures of the implied volatility and the historical volatility for the Company’s peer group of companies for a period equal to the expected life of the options. The weighted-average risk-free interest rates were based on the interest rate for U.S. Treasury bonds. The expected term assumptions were derived using the simplified method, which is based on an average between each vesting date and the expiration date of an option. This method was chosen because there was no historical option exercise experience due to the Company being privately held. The Company does not anticipate paying cash dividends on its shares of common stock in the future. The stock options have a contractual term of 10 years. Except as otherwise provided in an agreement between the Company and the employee, if an employee is terminated (voluntarily or involuntarily), any unvested awards as of the date of termination will be forfeited. The Company uses the associated per-share value at the time of grant to determine the compensation cost to be recognized associated with RSUs and PSUs granted. The Company periodically reviews the estimates of performance against the defined criteria to assess the expected payout of each outstanding PSU grant and adjusts the stock compensation expense accordingly. For RSUs, shares are issued on the vesting dates net of the applicable statutory income tax withholding to be paid by the Company on behalf of its employees. As a result, fewer shares are generally issued than the number of RSUs outstanding, and the income tax withholding is recorded as a reduction to additional paid-in capital. The Company’s stock-based compensation expense is recorded in the financial statement line item relevant to each of the award recipients. See Note 7, Equity Transactions and Stock Incentive Plan , for additional discussion. Employee related benefits Appreciation and retention plan In August 2019, the Company adopted the Playtika Holding Corp. Retention Plan (the “2021-2024 Retention Plan”) in order to retain key employees and reward them for contributing to the success of the Company. Under the 2021-2024 Retention Plan, eligible employees may be granted retention awards that let them receive their pro rata portion of a retention pool of $25 million per year for each of the plan years, and may also be granted appreciation units which allow the employee to receive their pro-rata portion of an appreciation pool calculated as a specified percentage of Adjusted EBITDA for each of the plan years. The value of each unit of the 2021-2024 Retention Plan has been amortized into compensation expense using the straight-line method, which will result in the recognition of compensation costs in the same years as the underlying EBITDA used in the plan measurement is earned. See Note 13, Appreciation and Retention Plan, for additional discussion.
Exit or disposal activities	Exit or disposal activities The Company accounts for exit or disposal cost obligations under ASC 420-10, Exit or Disposal Cost Obligations , which requires that companies only record liabilities for such activities when such liabilities have been incurred. During the second quarter of 2022, the Company announced the closure of its Montreal, Los Angeles, Helsinki and London studios, along with limited other cost reduction activities. As a result, severance payments associated with these closures are being recorded as liabilities and recognized as expense over the period such payments are earned. During the three and nine months ended September 30, 2022, the Company recognized approximately $2.7 million and $6.1 million, respectively, in severance expense associated with these closure activities in operating expenses on the consolidated statements of comprehensive income. The Company expects to record an approximately $0.9 million of additional severance during the fourth quarter of 2022. The Company concluded that certain announced activities, including the above, were triggering events for potential impairment under ASC 360, Property, Plant, and Equipment
Derivative instruments	Derivative instruments The Company uses interest rate swap contracts to reduce its exposure to fluctuating interest rates associated with the Company’s variable rate debt, and to effectively increase the portion of debt upon which the Company pays a fixed interest rate. The Company’s interest rate swap agreements are designated as cash flow hedges under ASC 815, Derivatives and Hedging (“ASC 815”), involving the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreement, without the exchange of the underlying notional amount. These hedges are highly effective in offsetting changes in the Company’s future expected cash flows due to the fluctuation of the USD one-month LIBOR rate associated with its variable rate debt. The Company monitors the effectiveness of its hedges on a quarterly basis, both qualitatively and quantitatively. The Company performed a regression analysis at inception of the hedging relationship and at period end in which it compared the change in the fair value of the swap transaction and the change in fair value of a hypothetical interest rate swap having terms that identically match the terms of the debt's interest rate payments based on 30 observations that are based on historical swap rates. Based on the regression results, the Company believes that, at inception and at period end, the hedging instrument is expected to be highly effective at offsetting changes in the hedged transactions attributable to the risk being hedged. For each future reporting period, the Company will continue performing retrospective and prospective assessments of hedge effectiveness in a single regression analysis by updating the regression analysis that was prepared at inception of the hedging relationship. The Company uses foreign currency derivative contracts to reduce its exposure to fluctuating exchange rates between the United States dollar (as the Company’s functional currency) and certain expense lines denominated in Israeli Shekels (“ILS”), Polish Zloty (“PLN”) and Romanian Leu (“RON”). The Company’s derivative contracts are designated as cash flow hedges under ASC 815. The Company monitors the effectiveness of its hedges on a quarterly basis, both qualitatively and quantitatively, and expects these hedges to remain highly effective at offsetting fluctuations in exchange rates through their respective maturity dates. See Note 8, Derivative Instruments, for additional discussion. The fair value of derivative financial instruments is recognized as an asset or liability at each balance sheet date, with changes in fair value recorded in other comprehensive income on the consolidated statements of comprehensive income until the future underlying transactions occur. The fair value approximates the amount the Company would pay or receive if these contracts were settled at the respective valuation dates. The inputs used to measure the fair value of the Company’s interest rate swap agreements are categorized as Level 2 in the fair value hierarchy as established by ASC 820, Fair Value Measurement (“ASC 820”). The inputs used to measure the fair value of the Company’s foreign currency derivative contracts are categorized as Level 2 in the fair value hierarchy as established by ASC 820.
Net income per share attributable to common stockholders	Net income per share attributable to common stockholders For all periods presented herein, basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share reflects the effect of all potentially dilutive common shares outstanding by dividing net income by the weighted-average of all common and potentially dilutive shares outstanding. Performance Stock Units are considered potentially dilutive as of the first day of the reporting period in which the underlying performance metric is achieved. In the event of a loss, diluted shares are not considered because of their anti-dilutive effect.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Major Accounts Receivable	The following table summarizes the major accounts receivable of the Company as a percentage of the total accounts receivable as of the dates indicated: September 30, December 31, Apple 45% 42% Google 34% 34% Facebook 7% 8%

ACQUISITION (Tables)

ACQUISITION (Tables)	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed (in millions): Consideration Total Consideration $ 42.0 Less: Cash acquired (0.7) Total consideration, net of cash acquired 41.3 Less: Acquisition date fair value of contingent consideration (11.4) Consideration paid as of March 23, 2022 $ 29.9 Identifiable assets acquired and liabilities assumed Accounts receivable $ 1.0 Property and equipment 0.1 Intangible assets other than goodwill 12.3 Goodwill 29.7 Contingent consideration (11.4) Deferred tax liability (1.5) Liabilities assumed (0.3) Total identifiable assets acquired and liabilities assumed $ 29.9

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in goodwill for the nine months ended September 30, 2022 were as follows (in millions): Nine months ended Balance at beginning of period $ 788.1 Goodwill acquired during the period 29.7 Foreign currency translation adjustments (15.6) Balance at end of period $ 802.2

INTANGIBLE ASSETS OTHER THAN _2

INTANGIBLE ASSETS OTHER THAN GOODWILL, NET (Tables)	9 Months Ended
	Sep. 30, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Intangible Assets Other Than Goodwill	The carrying amounts and accumulated amortization of the acquired intangible assets other than goodwill, net, including the impact of foreign currency exchange translation, at September 30, 2022 and December 31, 2021, were as follows (in millions): September 30, 2022 Weighted average remaining useful life (in years) Balance December 31, Historical cost basis Developed games and acquired technology 4.5 $ 585.6 $ 591.0 Trademarks and user base 0.0 30.9 31.2 Internal use software 2.4 126.1 97.0 742.6 719.2 Accumulated amortization Developed games and acquired technology (288.0) (247.9) Trademarks and user base (30.8) (23.0) Internal use software (49.2) (31.0) (368.0) (301.9) Intangible assets other than goodwill, net $ 374.6 $ 417.3
Schedule of Expected Future Amortization	As of September 30, 2022, the total expected future amortization related to intangible assets was as follows (in millions): Remaining 2022 $ 27.7 2023 101.1 2024 85.7 2025 75.2 2026 and thereafter 84.9 Total $ 374.6

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities at September 30, 2022 and December 31, 2021 were as follows (in millions): September 30, December 31, Accrued expenses $ 161.2 $ 132.7 Tax accruals 133.9 162.5 Employees and related expenses 127.9 167.8 Deferred revenues 31.2 31.6 Total accrued expenses and other current liabilities $ 454.2 $ 494.6

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	September 30, 2022 December 31, 2021 (in millions, except interest rates) Maturity Interest Book value Face value Book value Term Loan 2028 5.270% $ 1,834.5 $ 1,871.5 $ 1,843.8 Senior Notes 2029 4.250% 592.2 600.0 591.3 Revolving Credit Facility 2026 n/a — — — Total debt 2,426.7 2,471.5 2,435.1 Less: Current portion of long-term debt (12.4) (19.0) (12.2) Long-term debt $ 2,414.3 $ 2,452.5 $ 2,422.9

EQUITY TRANSACTIONS AND STOCK_2

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN (Tables)	9 Months Ended
	Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Activity	The following table summarizes the Company’s stock option activity during the nine months ended September 30, 2022: Stock Weighted Weighted Options Average Average Intrinsic Outstanding Remaining Exercise Value (in millions) Term (in years) Price (in millions) Outstanding at January 1, 2022 15.8 8.8 $ 22.70 Granted 2.6 $ 15.48 Exercised — Cancelled (2.7) $ 20.71 Expired (0.5) $ 18.71 Outstanding at September 30, 2022 15.2 8.3 $ 19.16 $ — Exercisable at September 30, 2022 5.7 8.0 $ 21.14 $ —
Summary of Stock Based Compensation	The Company used the Black-Scholes option pricing model for determining the estimated fair value of stock-based compensation related to stock options. The table below summarizes the assumptions used for the options granted in each respective period, as well as for options repriced during the first quarter of 2022: Nine months ended 2022 2021 Risk-free interest rate 0.67% - 2.94% 0.67% - 0.98% Expected dividend yield — — Expected term in years 6.1 6.1 Expected volatility 40.96% - 42.52% 38.19% - 38.56%
Share-based Payment Arrangement, Restricted Stock Unit, Activity	The following table summarizes the Company’s RSU activity during the nine months ended September 30, 2022: Weighted Total Fair Average Value of Shares Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2022 11.4 $ 25.29 Granted 6.1 $ 15.49 Vested (1.8) $ 30.53 $ 31.3 Cancelled (1.6) $ 23.26 Outstanding at September 30, 2022 14.1 $ 20.61
Share-based Payment Arrangement, Performance Shares, Activity	The following table summarizes the Company’s PSU activity during the nine months ended September 30, 2022: Weighted Total Fair Average Value of Shares (1) Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2022 — $ — Granted 3.5 $ 15.65 Vested — $ — $ — Cancelled — $ — Outstanding at September 30, 2022 3.5 $ 15.65 ________ (1) The number of shares for the PSUs listed as granted represent the total number of PSUs granted to each recipient eligible to vest if the Company meets its highest specified performance goals for the applicable period.
Summary of Stock Based Compensation	The following table summarizes stock-based compensation costs, net of amounts capitalized, as reported on the Company’s consolidated statement of comprehensive income (in millions): Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 Research and development expenses $ 11.3 $ 4.8 $ 38.3 $ 18.3 Sales and marketing expenses 2.8 2.4 8.5 8.4 General and administrative expenses 17.5 15.8 60.0 46.1 Total stock-based compensation costs, net of amounts capitalized $ 31.6 $ 23.0 $ 106.8 $ 72.8

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The following table summarizes the fair value measurement of the Company’s long-term debt at September 30, 2022 (in millions): September 30, 2022 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,871.5 $ 1,787.3 Level 2 Senior Notes 600.0 478.5 Level 2 Total debt $ 2,471.5 $ 2,265.8
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table sets forth the assets and liabilities measured at fair value on a recurring basis in the Company’s consolidated balance sheets at September 30, 2022 (in millions): Fair Value at Pricing September 30, 2022 December 31, 2021 Cash and cash equivalents Money market funds Level 1 $ 872.0 $ 310.2 Prepaid expenses and other current assets Derivative instruments - foreign currency derivative contracts Level 2 $ — $ 1.3 Derivative instruments - interest rate swaps Level 2 16.8 — Other non-current assets: Derivative instruments - interest rate swaps Level 2 $ 35.7 $ 7.9 Accrued expenses and other current liabilities: Derivative instruments - foreign currency derivative contracts Level 2 $ 14.4 $ — Derivative instruments - interest rate swaps Level 2 — 2.4 Contingent consideration Level 3 $ — $ 28.7
Schedule of Business Acquisitions by Acquisition, Contingent Consideration	The change in fair value of contingent consideration payable was valued using significant unobservable inputs (Level 3), was included in the general and administrative expenses in the Company’s consolidated statements of comprehensive income and consisted of the following (in millions): Balance as of January 1, 2022 $ 28.7 Recorded in connection with acquisition transaction 11.4 Adjustment based on subsequent settlement agreement (1) (28.7) Fair value adjustments based upon post-acquisition performance (11.4) Balance as of September 30, 2022 $ — _______ (1) See Note 10, Commitments and Contingencies, for additional discussion.

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table provides information about disaggregated revenue by geographic location of the Company’s players and type of platform (in millions): Three months ended Nine months ended 2022 2021 2022 2021 Geographic location USA $ 457.2 $ 443.5 $ 1,398.4 $ 1,366.9 EMEA 94.1 94.6 292.8 281.1 APAC 51.5 55.5 156.0 155.1 Other 45.0 42.3 137.1 130.9 Total $ 647.8 $ 635.9 $ 1,984.3 $ 1,934.0 Platform type Mobile $ 519.1 $ 507.5 $ 1,592.3 $ 1,546.3 Web 128.7 128.4 392.0 387.7 Total revenues $ 647.8 $ 635.9 $ 1,984.3 $ 1,934.0 Revenues through third-party platforms and through the Company’s own direct-to-consumer platforms were as follows (in millions): Three months ended Nine months ended 2022 2021 2022 2021 Third-party platforms $ 497.1 $ 498.2 $ 1,527.6 $ 1,545.9 Direct-to-consumer platforms 150.7 137.7 456.7 388.1 Total revenues $ 647.8 $ 635.9 $ 1,984.3 $ 1,934.0
Contract with Customer, Contract Asset, Contract Liability, and Receivable	Balances of the Company’s contract assets and liabilities are as follows (in millions): September 30, December 31, Accounts receivable $ 128.0 $ 143.7 Contract assets (1) 8.6 9.4 Contract liabilities (2) 31.2 31.6 _______ (1) Contract assets are included within prepaid expenses and other current assets in the Company’s consolidated balance sheets. (2) Contract liabilities are included within accrued expenses and other current liabilities as “deferred revenues” in the Company’s consolidated balance sheets.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Long-Lived Assets By Country of Domicile	The Company’s long-lived assets, net, by country of domicile are as follows (in millions): September 30, December 31, Israel $ 90.3 $ 73.9 USA 52.3 51.4 Ukraine 30.2 32.5 Other 38.3 34.9 Total long-lived assets, net $ 211.1 $ 192.7

INTEREST AND OTHER, NET (Tables

INTEREST AND OTHER, NET (Tables)	9 Months Ended
	Sep. 30, 2022
Other Income and Expenses [Abstract]
Schedule of Other Operating Cost and Expense, by Component	Interest and other, net are as follows (in millions): Three months ended Nine months ended 2022 2021 2022 2021 Interest expense $ 31.5 $ 23.7 $ 81.1 $ 124.8 Interest income (5.8) (0.2) (9.1) (0.5) Foreign currency translation differences, net (1.5) 0.8 0.9 0.6 Other 0.1 0.6 1.3 (0.3) Total interest and other, net $ 24.3 $ 24.9 $ 74.2 $ 124.6

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Three months ended Nine months ended (in millions, except tax rate) 2022 2021 2022 2021 Income before income taxes $ 107.1 $ 129.6 $ 268.9 $ 325.6 Provision for income taxes $ 38.9 $ 49.1 $ 81.1 $ 119.4 Effective tax rate 36.3 % 37.9 % 30.2 % 36.7 %

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables show a summary of changes in accumulated other comprehensive income (loss), net of tax, by component for the three and nine months ended September 30, 2022 and 2021 (in millions): Foreign Currency Translation Interest Rate Swaps Foreign Currency Derivative Contracts Total Balance as of January 1, 2022 $ (1.9) $ 4.2 $ 0.9 $ 3.2 Other comprehensive income (loss) before reclassifications (3.3) 17.7 0.3 14.7 Amounts reclassified from accumulated other comprehensive income (loss) — 0.8 (0.1) 0.7 Balance as of March 31, 2022 (5.2) 22.7 1.1 18.6 Other comprehensive income (loss) before reclassifications (10.0) 5.2 (12.3) (17.1) Amounts reclassified from accumulated other comprehensive income — 0.1 1.1 1.2 Balance as of June 30, 2022 (15.2) 28.0 (10.1) 2.7 Other comprehensive income (loss) before reclassifications (14.5) 13.7 (6.0) (6.8) Amounts reclassified from accumulated other comprehensive income (loss) — (1.2) 4.0 2.8 Balance as of September 30, 2022 $ (29.7) $ 40.5 $ (12.1) $ (1.3) Foreign Currency Translation Interest Rate Swaps Foreign Currency Derivative Contracts Total Balance as of January 1, 2021 $ 16.7 $ — $ — $ 16.7 Other comprehensive income (loss) before reclassifications (9.9) 0.7 (1.1) (10.3) Amounts reclassified from accumulated other comprehensive income — — 0.3 0.3 Balance as of March 31, 2021 6.8 0.7 (0.8) 6.7 Other comprehensive income (loss) before reclassifications 2.8 (3.2) 1.1 0.7 Amounts reclassified from accumulated other comprehensive income — 0.5 — 0.5 Balance as of June 30, 2021 9.6 (2.0) 0.3 7.9 Other comprehensive income (loss) before reclassifications (5.7) — 0.4 (5.3) Amounts reclassified from accumulated other comprehensive income (loss) — 0.9 (0.4) 0.5 Balance as of September 30, 2021 $ 3.9 $ (1.1) $ 0.3 $ 3.1

NET INCOME ATTRIBUTABLE TO CO_2

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in millions, except per share data): Three months ended Nine months ended 2022 2021 2022 2021 Numerator: Net income $ 68.2 $ 80.5 $ 187.8 $ 206.2 Denominator: Weighted-average shares used in computing net income per share attributable to common stockholders, basic 412.7 409.6 412.3 408.6 Weighted-average shares used in computing net income per share attributable to common stockholders, diluted 412.7 411.6 412.6 410.9 Net income per share, basic $ 0.17 $ 0.20 $ 0.46 $ 0.50 Net income per share, diluted $ 0.17 $ 0.20 $ 0.46 $ 0.50
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	he following outstanding employee equity awards were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive for the periods presented (in millions): Three months ended Nine months ended 2022 2021 2022 2021 Stock options 16.2 7.8 16.8 8.2 RSUs 14.2 4.6 9.5 4.6 Total 30.4 12.4 26.3 12.8

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration of Credit Risk and Significant Customers (Details)	9 Months Ended
	Sep. 30, 2022 platform
Accounting Policies [Abstract]
Number of platforms	3

ORGANIZATION AND SUMMARY OF S_5

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration Risk (Details) - Customer Concentration Risk - Accounts Receivable	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Apple
Organization and Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	45%	42%
Google
Organization and Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	34%	34%
Facebook
Organization and Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	7%	8%

ORGANIZATION AND SUMMARY OF S_6

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Stock-based Compensation Expense (Details)	9 Months Ended
	Sep. 30, 2022
Stock options
Organization and Summary of Significant Accounting Policies [Line Items]
Share-based payment arrangement, option, contractual terms	10 years

ORGANIZATION AND SUMMARY OF S_7

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Employee Related Benefits (Details) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Aug. 31, 2019 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($) observation
Organization and Summary of Significant Accounting Polices [Line Items]
Severance Costs		$ 2.7	$ 6.1
Expected severance cost		$ 0.9	$ 0.9
Number of observations | observation			30
Retention Pool - 2021-2024 Plan
Organization and Summary of Significant Accounting Polices [Line Items]
Deferred compensation arrangement with individual, contributions by employer	$ 25		$ 25

ACQUISITION - Schedule of Ident

ACQUISITION - Schedule of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions		9 Months Ended
	Mar. 21, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Less: Acquisition date fair value of contingent consideration		$ (11.4)	$ 0
Consideration paid		29.9	$ 397.7
Goodwill		$ 802.2		$ 788.1
JustPlay Acquisition
Business Acquisition [Line Items]
Total Consideration	$ 42
Less: Cash acquired	(0.7)
Total consideration, net of cash acquired	41.3
Less: Acquisition date fair value of contingent consideration	(11.4)
Consideration paid	29.9
Accounts receivable	1
Property and equipment	0.1
Intangible assets other than goodwill	12.3
Goodwill	29.7
Contingent consideration	(11.4)
Deferred tax liability	(1.5)
Liabilities assumed	(0.3)
Total identifiable assets acquired and liabilities assumed	$ 29.9

ACQUISITION - Narrative (Detail

ACQUISITION - Narrative (Details)	Mar. 21, 2022
JustPlay Acquisition | Developed Game
Business Acquisition [Line Items]
Weighted average remaining useful life (in years)	6 years

GOODWILL (Details)

GOODWILL (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 788.1
Goodwill acquired during the period	29.7
Foreign currency translation adjustments	(15.6)
Balance at end of period	$ 802.2

INTANGIBLE ASSETS OTHER THAN _3

INTANGIBLE ASSETS OTHER THAN GOODWILL, NET - Schedule of Acquired Intangible Assets Other than Goodwill (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Historical cost basis	$ 742.6	$ 719.2
Accumulated amortization	(368)	(301.9)
Intangible assets other than goodwill, net	$ 374.6	417.3
Developed games and acquired technology
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life (in years)	4 years 6 months
Historical cost basis	$ 585.6	591
Accumulated amortization	$ (288)	(247.9)
Trademarks and user base
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life (in years)	0 years
Historical cost basis	$ 30.9	31.2
Accumulated amortization	$ (30.8)	(23)
Internal use software
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining useful life (in years)	2 years 4 months 24 days
Historical cost basis	$ 126.1	97
Accumulated amortization	$ (49.2)	$ (31)

INTANGIBLE ASSETS OTHER THAN _4

INTANGIBLE ASSETS OTHER THAN GOODWILL, NET - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization of intangible assets	$ 28.2	$ 25.6	$ 88.3	$ 71.6

INTANGIBLE ASSETS OTHER THAN _5

INTANGIBLE ASSETS OTHER THAN GOODWILL, NET - Schedule of Expected Future Amortization Expense (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Intangible assets other than goodwill, net	$ 374.6	$ 417.3
Cost of Revenue
Finite-Lived Intangible Assets [Line Items]
Remaining 2022	27.7
2023	101.1
2024	85.7
2025	75.2
2026 and thereafter	84.9
Intangible assets other than goodwill, net	$ 374.6

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued expenses	$ 161.2	$ 132.7
Tax accruals	133.9	162.5
Employees and related expenses	127.9	167.8
Deferred revenues	31.2	31.6
Total accrued expenses and other current liabilities	$ 454.2	$ 494.6

DEBT - Schedule of Long Term De

DEBT - Schedule of Long Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021	Mar. 11, 2021	Dec. 10, 2019
Debt Instrument [Line Items]
Book value	$ 2,414.3	$ 2,422.9
Total debt	2,426.7	2,435.1
Less: Current portion of long-term debt	(12.4)	(12.2)
Long-term debt	2,414.3	2,422.9
Face value	2,471.5
Face value, Current portion of long-term debt	(19)
Face value, Long-term debt	$ 2,452.5
Term Loan
Debt Instrument [Line Items]
Interest rate	5.27%
Book value	$ 1,834.5	1,843.8
Face value	$ 1,871.5			$ 2,500
Senior Notes
Debt Instrument [Line Items]
Interest rate	4.25%		4.25%
Book value	$ 592.2	591.3
Face value	600
Revolving Credit Facility
Debt Instrument [Line Items]
Book value	$ 0	$ 0
Face value				$ 250

DEBT - Narrative (Details)

DEBT - Narrative (Details) $ in Millions		9 Months Ended
	Mar. 11, 2021 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 15, 2021 USD ($)	Jun. 15, 2020 USD ($)	Dec. 10, 2019 USD ($)
Debt Instrument [Line Items]
Deferred financing costs		$ 44.8	$ 50.7
Face value		$ 2,471.5
Unused commitments percentage	0.50%
Percentage of excess cash flow	50%
Debt instrument, step down, based on company's net total secured leverage		0%
Value of excess cash flows	$ 10
Mandatory and voluntary prepayments from proceeds from debt issuance, percentage	100%
Maximum secured leverage ratio		2
Senior Secured Credit Facilities
Debt Instrument [Line Items]
Face value						$ 2,750
Floor interest rate	0%
Senior Secured Credit Facilities | Fed Funds Effective Rate Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.50%
Senior Secured Credit Facilities | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	1%
Revolving Credit Facility
Debt Instrument [Line Items]
Face value						250
Revolving credit facility capacity				$ 350	$ 350
Maximum borrowing capacity	$ 600			$ 550
First-priority net senior secured leverage ratio		0.79
First-priority net senior secured leverage ratio covenant	6.25
Term Loan
Debt Instrument [Line Items]
Face value		$ 1,871.5				$ 2,500
Interest rate		5.27%
First Lien Term Loans
Debt Instrument [Line Items]
Face value	$ 1,900
Percentage of original aggregate principal amount	0.25%
New Term Loan
Debt Instrument [Line Items]
Step down based on credit ratings	0.25%
New Term Loan | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.75%
New Term Loan | Base Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.75%
Senior Notes
Debt Instrument [Line Items]
Face value		$ 600
Maximum borrowing capacity	$ 600
Interest rate	4.25%	4.25%
Minimum
Debt Instrument [Line Items]
Unused commitments of lender subject to step-downs	0.375%
Debt instrument, step down, based on company's net total secured leverage	0%
Minimum | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.25%
Minimum | Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.25%
Maximum
Debt Instrument [Line Items]
Unused commitments of lender subject to step-downs	0.25%
Debt instrument, step down, based on company's net total secured leverage	25%
Maximum | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	3%
Maximum | Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Basis spread on variable interest rate	2%

EQUITY TRANSACTIONS AND STOCK_3

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions				3 Months Ended		9 Months Ended
	Oct. 10, 2022	Aug. 29, 2022	Feb. 07, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par or stated value per share (in dollars per share)		$ 0.01		$ 0.01		$ 0.01		$ 0.01
Share-based compensation arrangement by share-based payment award, number of shares available for grant				7,315,250		7,315,250
Capitalization of stock-based compensation costs				$ 0.3	$ 2.4	$ 1.7	$ 2.4
Share capital
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tender offer (in shares)		51,813,472
Sale of stock, price (in dollars per share)		$ 11.58
Share capital | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tender offer (in shares)	51,813,472
Aggregate cost	$ 600
Shares sold as a percent of outstanding shares	12.60%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options modified (in shares)			5,303,242
Options modified, exercise price (in dollars per share)			$ 18.71
Options modified, incremental compensation expense to be recorded over remaining vesting period			$ 8.8
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount				79.8		$ 79.8
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition						2 years 3 months 18 days
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expenses not yet recognized				227.3		$ 227.3
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition						2 years 6 months
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage			25%
Minimum number of shares to vest during each performance period (in shares)			25
Stock-based compensation expenses not yet recognized				$ 21.9		$ 21.9
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition						2 years 9 months 18 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares available for grant				56,232,228		56,232,228

EQUITY TRANSACTIONS AND STOCK_4

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Stock Options Outstanding
Outstanding beginning balance (in shares)	15.8
Granted (in shares)	2.6
Exercised (in shares)	0
Cancelled (in shares)	(2.7)
Expired (in shares)	(0.5)
Outstanding ending balance (in shares)	15.2	15.8
Exercisable at ending balance (in shares)	5.7
Weighted average remaining term, Outstanding	8 years 3 months 18 days	8 years 9 months 18 days
Weighted average remaining term, Exercisable	8 years
Weighted Average Exercise Price
Outstanding at beginning balance (in dollars per share)	$ 22.70
Granted (in dollars per share)	15.48
Cancelled (in dollars per share)	20.71
Expired (in dollars per share)	18.71
Outstanding at ending balance (in dollars per share)	19.16	$ 22.70
Weighted Average Exercise Price, Exercisable (in dollars per share)	$ 21.14
Intrinsic Value, Outstanding	$ 0
Intrinsic Value, Exercisable	$ 0

EQUITY TRANSACTIONS AND STOCK_5

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Stock Options (Details) - Stock options - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate, minimum	0.67%	67%
Risk-free interest rate, maximum	2.94%	98%
Expected dividend yield	$ 0	$ 0
Expected term in years	6 years 1 month 6 days	6 years 1 month 6 days
Expected volatility, minimum	40.96%	38.19%
Expected volatility, maximum	42.52%	38.56%

EQUITY TRANSACTIONS AND STOCK_6

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - RSUs and PSUs Activity (Details) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares shares
Weighted Average Grant Date Fair Value
Cancelled (in dollars per share) | $ / shares	$ 0
RSUs
(in millions)
Beginning balance (in shares) | shares	11.4
Granted (in shares) | shares	6.1
Vested (in shares) | shares	(1.8)
Cancelled (in shares) | shares	(1.6)
Ending balance (in shares) | shares	14.1
Weighted Average Grant Date Fair Value
Outstanding at beginning balance (in dollars per share) | $ / shares	$ 25.29
Granted (in dollars per share) | $ / shares	15.49
Vested (in dollars per share) | $ / shares	30.53
Cancelled (in dollars per share) | $ / shares	23.26
Outstanding at ending balance (in dollars per share) | $ / shares	$ 20.61
Total fair value of shares vested | $	$ 31.3
PSUs
(in millions)
Beginning balance (in shares) | shares	0
Granted (in shares) | shares	3.5
Vested (in shares) | shares	0
Cancelled (in shares) | shares	0
Ending balance (in shares) | shares	3.5
Weighted Average Grant Date Fair Value
Outstanding at beginning balance (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	15.65
Vested (in dollars per share) | $ / shares	0
Outstanding at ending balance (in dollars per share) | $ / shares	$ 15.65
Total fair value of shares vested | $	$ 0

EQUITY TRANSACTIONS AND STOCK_7

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Schedule of Stock-based Compensation Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of amounts capitalized	$ 31.6	$ 23	$ 106.8	$ 72.8
Research and development expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of amounts capitalized	11.3	4.8	38.3	18.3
Sales and marketing expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of amounts capitalized	2.8	2.4	8.5	8.4
General and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of amounts capitalized	$ 17.5	$ 15.8	$ 60	$ 46.1

DERIVATIVE INSTRUMENTS (Details

DERIVATIVE INSTRUMENTS (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($)	Jun. 30, 2021 USD ($) derivative_instrument
Interest rate swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of derivative agreements | derivative_instrument		2
Interest rate swap | Other current assets and other non-current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate swap agreements	$ 52.5
Interest Rate Swap One
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value		$ 250
Fixed interest rate		0.9275%
Interest Rate Swap Two
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value		$ 250
Fixed interest rate		0.9275%
Foreign currency hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Approximate amount of hedges	$ 181.4
Derivative maturity	12 months
Foreign currency hedge | Other current liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate swap agreements	$ 14.4

FAIR VALUE MEASUREMENTS - Long

FAIR VALUE MEASUREMENTS - Long Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 10, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Face value	$ 2,471.5
Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	2,265.8
Term Loan
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Face value	1,871.5	$ 2,500
Term Loan | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	1,787.3
Senior Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Face value	600
Senior Notes | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 478.5

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Asset and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration	$ 0	$ 28.7
Cash and cash equivalents
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Money market funds	$ 872	$ 310.2
Foreign currency derivative contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative asset, current	$ 0	$ 1.3
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Derivative liability, current	$ 14.4	$ 0
Interest Rate Swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative asset, current	$ 16.8	$ 0
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current assets	Other non-current assets
Derivative asset, noncurrent	$ 35.7	$ 7.9
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Derivative liability, current	$ 0	$ 2.4

FAIR VALUE MEASUREMENTS - Conti

FAIR VALUE MEASUREMENTS - Contingent Consideration Payable (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Business Combination, Contingent Consideration [Roll Forward]
Beginning balance	$ 28.7
Recorded in connection with acquisition transaction	11.4	$ 0
Fair value adjustments based upon post-acquisition performance	(13.1)	$ 0
Ending balance	0
Level 3
Business Combination, Contingent Consideration [Roll Forward]
Beginning balance	28.7
Recorded in connection with acquisition transaction	11.4
Adjustment based on subsequent settlement agreement	(28.7)
Fair value adjustments based upon post-acquisition performance	(11.4)
Ending balance	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) € in Millions, ₪ in Millions					9 Months Ended
	Aug. 01, 2022 USD ($)	Jun. 13, 2022 EUR (€)	May 17, 2022 ILS (₪)	Aug. 31, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Loss Contingencies [Line Items]
Net cash out flow for business acquisitions and other					$ 26,900,000	$ 0
Guy David Ben Yosef vs. Playtika Group Israel Ltd
Loss Contingencies [Line Items]
Exposure period			7 years
Net income stock damages | ₪			₪ 50
Reworks acquisition
Loss Contingencies [Line Items]
Shares acquired in business combination, percentage				0.80
Net cash out flow for business acquisitions and other	$ 45,000,000			$ 400,000,000
Additional cash consideration for business combination				20%
Earnout payout EBITDA calculated amount multiplier				6,000,000
Earnout payout EBITDA amount below minimum				$ 10,300,000
Earnout payment				1
Escrow amount released	15,500,000
Purchase obligation	$ 75,000,000
Reworks acquisition | Minimum
Loss Contingencies [Line Items]
Earnout payout EBITDA calculated amount				10,300,000
Reworks acquisition | Maximum
Loss Contingencies [Line Items]
Earnout payout EBITDA calculated amount				$ 200,000,000
Pending Litigation
Loss Contingencies [Line Items]
Remuneration claim sought | €		€ 8.5

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 647.8	$ 635.9	$ 1,984.3	$ 1,934
USA
Disaggregation of Revenue [Line Items]
Revenues	457.2	443.5	1,398.4	1,366.9
EMEA
Disaggregation of Revenue [Line Items]
Revenues	94.1	94.6	292.8	281.1
APAC
Disaggregation of Revenue [Line Items]
Revenues	51.5	55.5	156	155.1
Other
Disaggregation of Revenue [Line Items]
Revenues	45	42.3	137.1	130.9
Third-party platforms
Disaggregation of Revenue [Line Items]
Revenues	497.1	498.2	1,527.6	1,545.9
Direct-to-consumer platforms
Disaggregation of Revenue [Line Items]
Revenues	150.7	137.7	456.7	388.1
Mobile
Disaggregation of Revenue [Line Items]
Revenues	519.1	507.5	1,592.3	1,546.3
Web
Disaggregation of Revenue [Line Items]
Revenues	$ 128.7	$ 128.4	$ 392	$ 387.7

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract Balances (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 128	$ 143.7
Contract assets	8.6	9.4
Contract liabilities	$ 31.2	$ 31.6

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Contract receivable collection period		45 days
Contract liabilities recognized	$ 2.2	$ 31.6

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	9 Months Ended
	Sep. 30, 2022 segment
Segment Reporting [Abstract]
Operating segment	1
Reportable segment	1

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total long-lived assets, net	$ 211.1	$ 192.7
Israel
Segment Reporting Information [Line Items]
Total long-lived assets, net	90.3	73.9
USA
Segment Reporting Information [Line Items]
Total long-lived assets, net	52.3	51.4
Ukraine
Segment Reporting Information [Line Items]
Total long-lived assets, net	30.2	32.5
Other
Segment Reporting Information [Line Items]
Total long-lived assets, net	$ 38.3	$ 34.9

APPRECIATION AND RETENTION PL_2

APPRECIATION AND RETENTION PLAN (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2019	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Retention Pool - 2021-2024 Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, contributions by employer	$ 25			$ 25
Deferred compensation arrangement with individual, compensation expense		$ 27	$ 28.5	79.9	$ 88.5
Development-related retention payments of key individuals
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, compensation expense		$ 0.2	$ 2.3	$ 7.7	$ 9.1

INTEREST AND OTHER, NET (Detail

INTEREST AND OTHER, NET (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Abstract]
Interest expense	$ 31.5	$ 23.7	$ 81.1	$ 124.8
Interest income	(5.8)	(0.2)	(9.1)	(0.5)
Foreign currency translation differences, net	(1.5)	0.8	0.9	0.6
Other	0.1	0.6	1.3	(0.3)
Total interest and other, net	$ 24.3	$ 24.9	$ 74.2	$ 124.6

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income before income taxes	$ 107.1	$ 129.6	$ 268.9	$ 325.6
Provision for income taxes	$ 38.9	$ 49.1	$ 81.1	$ 119.4
Effective tax rate	36.30%	37.90%	30.20%	36.70%

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	3 Months Ended					9 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (240)	$ (377.7)	$ (609.1)	$ (725.8)	$ (1,243.5)	$ (377.7)
Other comprehensive income (loss) before reclassifications	(17.1)	14.7	(5.3)	0.7	(10.3)	(6.8)
Amounts reclassified from accumulated other comprehensive income (loss)	1.2	0.7	0.5	0.5	0.3	2.8
Ending balance	(184.1)	(240)	(508)	(609.1)	(725.8)	(88.4)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(5.2)	(1.9)	9.6	6.8	16.7	(1.9)
Other comprehensive income (loss) before reclassifications	(10)	(3.3)	(5.7)	2.8	(9.9)	(14.5)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0	0	0
Ending balance	(15.2)	(5.2)	3.9	9.6	6.8	(29.7)
Accumulated other comprehensive income (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	18.6	3.2	7.9	6.7	16.7	3.2
Ending balance	2.7	18.6	3.1	7.9	6.7	(1.3)
Interest Rate Swaps | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	22.7	4.2	(2)	0.7	0	4.2
Other comprehensive income (loss) before reclassifications	5.2	17.7	0	(3.2)	0.7	13.7
Amounts reclassified from accumulated other comprehensive income (loss)	0.1	0.8	0.9	0.5	0	(1.2)
Ending balance	28	22.7	(1.1)	(2)	0.7	40.5
Foreign Currency Derivative Contracts | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	1.1	0.9	0.3	(0.8)	0	0.9
Other comprehensive income (loss) before reclassifications	(12.3)	0.3	0.4	1.1	(1.1)	(6)
Amounts reclassified from accumulated other comprehensive income (loss)	1.1	(0.1)	(0.4)	0	0.3	4
Ending balance	$ (10.1)	$ 1.1	$ 0.3	$ 0.3	$ (0.8)	$ (12.1)

NET INCOME ATTRIBUTABLE TO CO_3

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS - Basic and Dilutive Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net income	$ 68.2	$ 36.4	$ 83.2	$ 80.5	$ 90	$ 35.7	$ 187.8	$ 206.2
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	412.7			409.6			412.3	408.6
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	412.7			411.6			412.6	410.9
Net income per share, basic (in dollars per share)	$ 0.17			$ 0.20			$ 0.46	$ 0.50
Net income per share, diluted (in dollars per share)	$ 0.17			$ 0.20			$ 0.46	$ 0.50

NET INCOME ATTRIBUTABLE TO CO_4

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS - Antidilutive Shares (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount	30.4	12.4	26.3	12.8
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount	16.2	7.8	16.8	8.2
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount	14.2	4.6	9.5	4.6
PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share, amount	3.5		3.5