Playtika Holding (PLTK) 10-Q 8 Aug 23 2023 Q2 Quarterly report Financial data

COVER

COVER - shares	6 Months Ended
	Jun. 30, 2023	Aug. 03, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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		366,495,560
Entity Central Index Key	0001828016
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 955.1	$ 768.7
Restricted cash	2	1.7
Accounts receivable	159.8	141.1
Prepaid expenses and other current assets	108.1	113.4
Total current assets	1,225	1,024.9
Property and equipment, net	112.9	125.7
Operating lease right-of-use assets	108.2	104.2
Intangible assets other than goodwill, net	313.6	354
Goodwill	813.2	811.2
Deferred tax assets, net	60.8	68.3
Investments in unconsolidated entities	54.1	52.6
Other non-current assets	157.4	156.7
Total assets	2,845.2	2,697.6
Current liabilities
Current maturities of long-term debt	11.7	12.4
Accounts payable	41.3	50.7
Operating lease liabilities, current	17.3	13.5
Accrued expenses and other current liabilities	340.3	385.2
Total current liabilities	410.6	461.8
Long-term debt	2,405.8	2,411.2
Other long-term liabilities, including employee related benefits	245.4	252.1
Operating lease liabilities, long-term	94.9	94.5
Deferred tax liabilities	33.4	46.6
Total liabilities	3,190.1	3,266.2
Commitments and contingencies (Note 7)
Stockholders' equity (deficit)
Common stock of $0.01 par value; 1,600.0 shares authorized; 366.3 and 363.6 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	4.1	4.1
Treasury stock at cost (51.8 shares at both June 30, 2023 and December 31, 2022)	(603.5)	(603.5)
Additional paid-in capital	1,209.8	1,155.8
Accumulated other comprehensive income	27.5	17.6
Accumulated deficit	(982.8)	(1,142.6)
Total stockholders' deficit	(344.9)	(568.6)
Total liabilities and stockholders’ deficit	$ 2,845.2	$ 2,697.6

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2023	Dec. 31, 2022
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	1,600	1,600
Common stock, shares issued	366.3	363.6
Common stock, shares outstanding	366.3	363.6
Treasury stock	51.8	51.8

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Revenues	$ 642.8	$ 659.6	$ 1,299	$ 1,336.5
Cost of revenue	188	186.1	373.7	373
Research and development	100.3	125.2	202.7	237.9
Sales and marketing	141.2	151.8	284.9	331.5
General and administrative	74.1	105.2	146.1	182.4
Total costs and expenses	503.6	568.3	1,007.4	1,124.8
Income from operations	139.2	91.3	291.6	211.7
Interest and other, net	23.1	22.4	51.7	49.9
Income before income taxes	116.1	68.9	239.9	161.8
Provision for income taxes	40.4	32.5	80.1	42.2
Net income	75.7	36.4	159.8	119.6
Foreign currency translation	(0.2)	(10)	2.9	(13.3)
Change in fair value of derivatives	14.8	(5.9)	7	12.8
Total other comprehensive income (loss)	14.6	(15.9)	9.9	(0.5)
Comprehensive income	$ 90.3	$ 20.5	$ 169.7	$ 119.1
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 0.21	$ 0.09	$ 0.44	$ 0.29
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 0.21	$ 0.09	$ 0.44	$ 0.29
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	365.9	412.4	365.3	412.2
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	366.4	412.8	365.8	412.8

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT - USD ($) shares in Millions, $ in Millions	Total	Share capital	Treasury stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained earnings (Accumulated deficit)
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 and PSUs (in shares)		1.1
Issuance of shares upon vesting of RSUs and PSUs	0	$ 0.1		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	119.6
Other comprehensive income (loss)	(0.5)
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)
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 and PSUs (in shares)		0.2
Issuance of shares upon vesting of RSUs and PSUs	0	$ 0.1		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)
Beginning balance (in shares) at Dec. 31, 2022		363.6
Beginning balance at Dec. 31, 2022	(568.6)	$ 4.1	$ (603.5)	1,155.8	17.6	(1,142.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	84.1					84.1
Stock-based compensation	29.8			29.8
Issuance of shares upon vesting of RSUs and PSUs (in shares)		2
Issuance of shares upon vesting of RSUs and PSUs	0	$ 0.1		0.1
Income tax withholding related to vesting of restricted stock units and other	(1.3)			(1.3)
Other comprehensive income (loss)	(4.7)				(4.7)
Ending balance (in shares) at Mar. 31, 2023		365.6
Ending balance at Mar. 31, 2023	(460.7)	$ 4.1	(603.5)	1,184.3	12.9	(1,058.5)
Beginning balance (in shares) at Dec. 31, 2022		363.6
Beginning balance at Dec. 31, 2022	(568.6)	$ 4.1	(603.5)	1,155.8	17.6	(1,142.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	159.8
Other comprehensive income (loss)	9.9
Ending balance (in shares) at Jun. 30, 2023		366.3
Ending balance at Jun. 30, 2023	(344.9)	$ 4.1	(603.5)	1,209.8	27.5	(982.8)
Beginning balance (in shares) at Mar. 31, 2023		365.6
Beginning balance at Mar. 31, 2023	(460.7)	$ 4.1	(603.5)	1,184.3	12.9	(1,058.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	75.7					75.7
Stock-based compensation	26.1			26.1
Issuance of shares upon vesting of RSUs and PSUs (in shares)		0.7
Issuance of shares upon vesting of RSUs and PSUs	0	$ 0.1		0.1
Income tax withholding related to vesting of restricted stock units and other	(0.6)			(0.6)
Other comprehensive income (loss)	14.6				14.6
Ending balance (in shares) at Jun. 30, 2023		366.3
Ending balance at Jun. 30, 2023	$ (344.9)	$ 4.1	$ (603.5)	$ 1,209.8	$ 27.5	$ (982.8)

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
Issuance of shares upon vesting of RSUs and PSUs (less than)	$ 0	$ 0	$ 0	$ 0
Share capital
Issuance of shares upon vesting of RSUs and PSUs (less than)	0.1	0.1	0.1	0.1
Additional paid-in capital
Issuance of shares upon vesting of RSUs and PSUs (less than)	$ 0.1	$ 0.1	$ 0.1	$ 0.1

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net income	$ 159.8	$ 119.6
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	22.1	22
Amortization and impairment of intangible assets	65.2	60.1
Stock-based compensation	54.5	75.2
Amortization of loan discount	3.4	3.9
Change in contingent consideration	0	(9)
Change in deferred taxes, net	(7.8)	(8.3)
Loss from foreign currency	(3.1)	9.4
Non-cash lease expenses (income)	0	(6.8)
Changes in operating assets and liabilities:
Accounts receivable	(18.4)	13.5
Prepaid expenses and other current and non-current assets	16.2	(32.6)
Accounts payable	(9.4)	4.1
Accrued expenses and other current and non-current liabilities	(55)	(10)
Net cash provided by operating activities	227.5	241.1
Cash flows from investing activities
Purchase of property and equipment	(9.2)	(29.5)
Capitalization of internal use software costs	(18.6)	(23.7)
Purchase of software for internal use	(4.1)	(4)
Short-term bank deposits	0	24.8
Payments for business combination, net of cash acquired	0	(29.9)
Other investing activities	(1.1)	(5)
Net cash used in investing activities	(33)	(67.3)
Cash flows from financing activities
Repayments on bank borrowings	(9.5)	(9.5)
Payment of tax withholdings on stock-based payments	(1.9)	(2.1)
Net cash used in financing activities	(11.4)	(11.6)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	3.6	(13.6)
Net change in cash, cash equivalents and restricted cash	186.7	148.6
Cash, cash equivalents and restricted cash at the beginning of the period	770.4	1,019
Cash, cash equivalents and restricted cash at the end of the period	957.1	1,167.6
Supplemental cash flow disclosures
Cash paid for income taxes	90.8	78.7
Cash paid for interest	73.4	45
Cash received for interest	9.7	2.6
Non-cash financing and investing activities
Right-of-use assets acquired under operating leases	13.1	30.8
Contingent consideration related to business acquisition	0	11.4
Capitalization of stock-based compensation costs	$ 1.4	$ 1.4

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
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, 2022 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 six months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. For further information, reference is made to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 28, 2023. 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, 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: June 30, December 31, Apple 58% 43% Google 28% 35% Facebook 5% 7% 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 10, Appreciation and Retention Plan, for additional discussion. 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 Company’s 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 the 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 historical swap rates. The Company believes that the hedging instruments are 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 5, 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 and foreign currency derivative contracts are categorized as Level 2 in the fair value hierarchy as established by ASC 820, Fair Value Measurement (“ASC 820”). Impairment of long-lived assets The Company’s long-lived assets to be held or used, including right-of-use (“ROU”) assets, and identifiable intangible assets that are subject to amortization are tested for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, in accordance with ASC 360, Accounting for the Impairment or Disposal of Long-Lived Assets. Impairment indicators include any significant changes in the manner of the Company’s use of the assets and significant negative industry or economic trends. The Company recognizes impairment based on the difference between the fair value of the asset and its carrying value. Fair value is generally measured based on either quoted market prices, if available, or a discounted cash flow analysis. In the second quarter of 2023, the Company recorded an intangible asset impairment of $9.7 million related to JustPlay.LOL Ltd. 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 (“PSUs”) 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. The Company uses the treasury stock method on a grant-by-grant basis as the method for determining the dilutive effect of options, RSUs and PSUs. 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. Accounting standards recently adopted by the Company In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805) (“ASU 2021-08”) . ASU 2021-08 requires that an acquiring entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers (“ASC 606”) and that at the acquisition date, the acquirer accounts for related revenue contracts in accordance with ASC 606 as if it had originated the contracts. The Company adopted this standard on January 1, 2023, and the adoption did not have an impact on the Company’s consolidated financial statements. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 484 (“ASU 2022-06”) . The amendments of ASU No. 2020-06 apply only to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company will continue to monitor the effects of rate reform, if any, on its contracts. The Company adopted this standard on January 1, 2023, and the adoption did not have an impact on the Company’s consolidated financial statements.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities at June 30, 2023 and December 31, 2022 were as follows (in millions): June 30, December 31, Employees and related expenses $ 130.1 $ 170.3 Accrued expenses 93.2 110.1 Media buy 56.0 41.3 Deferred revenues 44.6 38.6 Tax accruals 16.4 24.9 Total accrued expenses and other current liabilities $ 340.3 $ 385.2

DEBT

DEBT	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT June 30, 2023 December 31, 2022 (in millions, except interest rates) Maturity Interest Book value Face value Book value Term Loan 2028 7.900% $ 1,824.6 $ 1,857.3 $ 1,831.2 Senior Notes 2029 4.250% 592.9 600.0 592.4 Revolving Credit Facility 2026 n/a — — — Total debt 2,417.5 2,457.3 2,423.6 Less: Current portion of long-term debt (11.7) (19.0) (12.4) Long-term debt $ 2,405.8 $ 2,438.3 $ 2,411.2 Book value of debt in the table above is reported net of deferred financing costs and original issue discount of $39.8 million and $43.2 million at June 30, 2023 and December 31, 2022, respectively. Credit Agreement The Company has a $1.9 billion senior secured first lien term loan (the “Term Loan”) and a $600 million revolving credit facility (the “Revolving Credit Facility”) (together, the “Credit Agreement”), maturing on March 11, 2028 and March 11, 2026, respectively. The Term Loan requires quarterly principal payments equal to 0.25% of the original aggregate principal amount of the Term Loan with 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 June 30, 2023, the Company’s first-priority net senior secured leverage ratio was 1.07 to 1.0. The Company was in compliance with its financial and other covenants under the Credit Agreement as of June 30, 2023. On June 19, 2023, the Company amended the Credit Agreement pursuant to a Third Amendment to Credit Agreement (the “Third Amendment”). The Third Amendment amended the Credit Agreement to bear interest or incur fees and other amounts denominated in Dollars to be based on the Adjusted Term Secured Overnight Financing Rate (“SOFR”) plus an applicable spread adjustment, rather than the previously permitted Adjusted Eurocurrency Rate, starting in the third quarter of 2023. The amendment did not have an impact on the Company’s consolidated financial statements or the effectiveness of the Company’s interest rate swap agreements. The other significant terms and conditions of the Credit Agreement have not changed from what was disclosed in Note 12, Debt in our Annual Report on Form 10-K filed with the SEC on February 28, 2023. 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. Other than the Third Amendment, the significant terms and conditions of the Notes have not changed from what was disclosed in Note 12, Debt in our Annual Report on Form 10-K filed with the SEC on February 28, 2023.

EQUITY TRANSACTIONS AND STOCK I

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN	EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN 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”). As of June 30, 2023, a total of 39,235,665 shares of the Company’s common stock had been allocated to awards granted under the Plan and 16,996,563 shares remained available for future grants. Stock Options The following table summarizes the Company’s stock option activity during the six months ended June 30, 2023: Stock Weighted Weighted Options Average Average Intrinsic Outstanding Remaining Exercise Value (in millions) Term (in years) Price (in millions) Outstanding at January 1, 2023 3.4 8.2 $ 19.08 Granted 0.1 $ 10.29 Exercised — Cancelled (1.7) $ 20.27 Expired — $ — Outstanding at June 30, 2023 1.8 8.1 $ 17.76 $ 0.5 Exercisable at June 30, 2023 0.7 7.8 $ 21.19 $ — 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: Six months ended 2023 2022 Risk-free interest rate 3.34% - 3.79% 0.67% - 2.82% Expected dividend yield — — Expected term in years 6.1 6.1 Expected volatility 52.13% - 52.79% 37.91% - 38.60% RSUs The following table summarizes the Company’s RSU activity during the six months ended June 30, 2023: Weighted Total Fair Average Value of Shares Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2023 14.9 $ 18.69 Granted 1.8 $ 10.26 Vested (2.6) $ 17.76 $ 27.0 Cancelled (0.5) $ 19.86 Outstanding at June 30, 2023 13.6 $ 17.70 PSUs As of June 30, 2023, the Company does not expect any PSUs associated with the 2023 tranche to vest. Consistent with the Company's current forecasted performance for 2024 and 2025, a target of 50% for the PSUs associated with the 2024 and 2025 tranches is expected. The following table summarizes the Company’s PSU activity during the six months ended June 30, 2023: Weighted Total Fair Average Value of Shares (1) Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2023 3.2 $ 9.72 Granted — $ — Vested (0.4) $ 9.72 $ 4.2 Cancelled (0.6) $ 9.72 Outstanding at June 30, 2023 2.2 $ 9.72 ________ (1) The number of PSUs outstanding 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 as reported by award type (in millions): Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Stock options $ 1.1 $ 9.5 $ 1.4 $ 20.8 RSUs 26.9 24.9 54.0 49.7 PSUs (1.9) 1.7 0.5 6.1 Total stock-based compensation costs $ 26.1 $ 36.1 $ 55.9 $ 76.6 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 June 30, Six months ended June 30, 2023 2022 2023 2022 Research and development expenses $ 9.5 $ 13.2 $ 19.0 $ 27.0 Sales and marketing expenses 2.4 2.8 4.8 5.7 General and administrative expenses 13.4 19.4 30.7 42.5 Total stock-based compensation costs, net of amounts capitalized $ 25.3 $ 35.4 $ 54.5 $ 75.2 During the three months ended June 30, 2023 and 2022, the Company capitalized $0.8 million and $0.7 million of stock-based compensation cost, respectively. During the six months ended June 30, 2023 and 2022, the Company capitalized $1.4 million and $1.4 million of stock-based compensation cost, respectively.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2023
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. In June 2023 these two interest rate swap agreements were amended so that effective July 31, 2023, the Company will pay a fixed interest rate of 0.85% in exchange for receiving one-month Term SOFR. The amendment did not impact the hedge effectiveness. In January 2023, 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, and each swap requires the Company to pay a fixed interest rate of 3.435% in exchange for receiving one-month LIBOR for six months and one-month Term SOFR afterwards. The interest rate swap agreements settle monthly commencing in February 2023 through their termination dates on February 28, 2028. 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 $57.7 million as of June 30, 2023 and was recorded in prepaid expenses and other current assets, other non-current assets and other long-term liabilities in the accompanying consolidated balance sheets based upon the timing of the underlying expected cash flows. Foreign currency hedge agreements At June 30, 2023, 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 $183.0 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 $4.9 million as of June 30, 2023 and was recorded in prepaid expenses and other current assets and accrued expenses and other current liabilities in the accompanying consolidated balance sheets. The following table summarizes the volume of derivative instrument activity (in millions): Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Derivative instruments - foreign currency derivative contracts $ 54.3 $ 38.7 $ 92.7 $ 198.0 Derivative instruments - interest rate swaps — — 500.0 — Derivative instruments - others (non-hedging) — — 1.6 —

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2023
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 carrying value of accounts receivable and payables and the Company's cash and cash equivalents 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 (in millions): June 30, 2023 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,857.3 $ 1,852.7 Level 2 Senior Notes 600.0 531.0 Level 2 Total debt $ 2,457.3 $ 2,383.7 December 31, 2022 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,866.8 $ 1,794.5 Level 2 Senior Notes 600.0 468.0 Level 2 Total debt $ 2,466.8 $ 2,262.5 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 June 30, 2023 and December 31, 2022 (in millions): Fair Value at Fair Value Hierarchy June 30, 2023 December 31, 2022 Cash and cash equivalents Cash Level 1 $ 63.1 $ 150.7 Money market funds Level 1 453.8 294.8 Term deposits Level 1 333.4 243.3 Commercial papers Level 2 104.8 79.9 Prepaid expenses and other current assets Derivative instruments - foreign currency derivative contracts Level 2 $ 3.0 $ 2.2 Derivative instruments - interest rate swaps Level 2 30.6 19.5 Other non-current assets Derivative instruments - interest rate swaps Level 2 $ 29.1 $ 29.3 Accrued expenses and other current liabilities Derivative instruments - foreign currency derivative contracts Level 2 $ 7.9 $ 7.5 Other long-term liabilities, including employee related benefits Derivative instruments - interest rate swaps Level 2 $ 2.0 $ — The carrying values of the Company’s cash equivalents approximate fair value because of the short duration of these financial instruments. 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 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	6 Months Ended
	Jun. 30, 2023
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. A court hearing is scheduled for September 27, 2023. As of June 30, 2023, 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 upon 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 for summary trial was conducted between 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, 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 is allegedly brought on behalf of a class of purchasers of the Company’s securities between January 15, 2021 and November 2, 2021, and alleges 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 a memorandum of law in support of the defendants’ motion to dismiss plaintiffs’ amended complaint. On November 30, 2022, the Company filed with the Court a motion to dismiss. 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 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. On January 12, 2023, PGI filed its response to the Motion for Approval. On March 5, 2023, the applicant submitted his reply to PGI’s response. 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. If a mediated resolution will not be reached the Company will continue defending 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 and has produced materials in relation to the demands. On April 10, 2023, Playtika Holding UK II Limited, the Company’s controlling shareholder, and certain officers of the Company were sued (Kormos v Playtika Holding UK II Limited, et al.) in the Delaware Chancery Court. The lawsuit alleges generally that the defendants breached fiduciary duties owed to the Company and its stockholders with respect to the controlling shareholder’s indication of an interest in selling some or all of its shares, and the resulting strategic review process and self-tender offer. On March 8, 2023, plaintiff Gayla Hamilton Mills filed a lawsuit against the Company and its subsidiary, Playtika Ltd., in the Circuit Court of Franklin County, Alabama, alleging that the Company’s casino-themed social games are unlawful gambling under Alabama law. The lawsuit seeks to recover all amounts paid by Alabama residents to the Company from its games during the period beginning one year before the filing of the lawsuit until the case is resolved. On April 11, 2023, the Company removed the case to the U.S. District Court for the Northern District of Alabama. On April 27, 2023, the plaintiff filed a motion to remand the case back to the Franklin County Circuit Court. On May 19, 2023, the Company filed its opposition to the motion to remand asserting that the requirements for diversity jurisdiction are met. On May 30, 2023, the plaintiff filed a reply in support of her motion to remand. 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 intends to defend this case vigorously. On February 27, 2023, the company received a deficit notice from the Ben Gurion Airport Customs House concerning the purchase of a private aircraft. The deficit notice claims that the company's acquisition of the aircraft is an import into Israel, and, as a result, it was obliged to pay purchase tax and VAT for the acquisition. The company disputes that any tax or VAT is owed. On July 26, 2023, the Customs House's definitive response was received, with the deficit notice still intact. The current claimed amount of the deficit notice is approximately $3.6 million. The company intends to pay the deficit notice under protest and file a claim with the district court. The Company intends to defend this case vigorously. As the case is in preliminary stages, the Company cannot estimate what impact, if any, this matter may have on its results of operations, financial condition or cash flows. The Company received seven demands for arbitration in late 2022 and early 2023 alleging that its games constitute illegal gambling under applicable state law. These demands generally attempt to recover amounts spent by third parties on the Company’s games by relying on state gambling loss recovery statutes and/or by seeking to have the applicable terms of use declared invalid so that the claimant may pursue a class action. One of the claimants withdrew her arbitration demand on July 20, 2023 and the parties requested that the arbitration be closed. In another claim, the arbitrator granted the Company’s motion to preclude the claimant from seeking to recover amounts spent by third parties. As the other arbitrations are in preliminary stages, the Company cannot estimate what impact, if any, the arbitrations may have on its results of operations, financial condition or cash flows. The Company will continue to defend these matters vigorously.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	6 Months Ended
	Jun. 30, 2023
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 Six months ended 2023 2022 2023 2022 Geographic location USA $ 452.9 $ 466.8 $ 914.2 $ 941.2 EMEA 102.1 94.5 207.1 198.7 APAC 44.8 52.2 90.9 104.5 Other 43.0 46.1 86.8 92.1 Total $ 642.8 $ 659.6 $ 1,299.0 $ 1,336.5 Revenues through third-party platforms and through the Company’s own direct-to-consumer platforms were as follows (in millions): Three months ended Six months ended 2023 2022 2023 2022 Third-party platforms $ 477.5 $ 506.0 $ 982.2 $ 1,030.5 Direct-to-consumer platforms 165.3 153.6 316.8 306.0 Total revenues $ 642.8 $ 659.6 $ 1,299.0 $ 1,336.5 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): June 30, December 31, Accounts receivable $ 159.8 $ 141.1 Contract assets (1) 12.3 10.8 Contract liabilities (2) 44.6 38.6 _______ (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 six months ended June 30, 2023, the Company recognized $9.6 million and $31.4 million, respectively, of its contract liabilities that were outstanding as of December 31, 2022. 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	6 Months Ended
	Jun. 30, 2023
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): June 30, December 31, Israel $ 92.9 $ 100.9 USA 62.4 62.0 Ukraine 24.9 26.1 Other 40.9 40.9 Total long-lived assets, net $ 221.1 $ 229.9

APPRECIATION AND RETENTION PLAN

APPRECIATION AND RETENTION PLAN	6 Months Ended
	Jun. 30, 2023
Compensation Related Costs [Abstract]
APPRECIATION AND RETENTION PLAN	APPRECIATION AND RETENTION PLAN The Company recognized compensation expenses in respect of retention bonus and appreciation unit awards under its appreciation and retention plans of $29.1 million and $28.0 million during the three months ended June 30, 2023 and 2022, respectively, and $58.9 million and $52.9 million during the six months ended June 30, 2023 and 2022, 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 $9.4 million and $7.5 million during the three and six months ended June 30, 2022, respectively. There were no such expenses in the three and six months ended June 30, 2023.

INTEREST AND OTHER, NET

INTEREST AND OTHER, NET	6 Months Ended
	Jun. 30, 2023
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 Six months ended 2023 2022 2023 2022 Interest expense $ 35.8 $ 25.9 $ 73.8 $ 49.6 Interest income (10.3) (2.5) (18.1) (3.3) Foreign currency translation differences, net (2.4) (1.1) (4.2) 2.4 Other — 0.1 0.2 1.2 Total interest and other, net $ 23.1 $ 22.4 $ 51.7 $ 49.9

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Three months ended Six months ended (in millions, except tax rate) 2023 2022 2023 2022 Income before income taxes $ 116.1 $ 68.9 $ 239.9 $ 161.8 Provision for income taxes $ 40.4 $ 32.5 $ 80.1 $ 42.2 Effective tax rate 34.8 % 47.2 % 33.4 % 26.1 %

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2023
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 six months ended June 30, 2023 and 2022 (in millions): Foreign Currency Translation Interest Rate Swaps Foreign Currency Derivative Contracts Total Balance as of January 1, 2023 $ (15.6) $ 37.7 $ (4.5) $ 17.6 Other comprehensive income (loss) before reclassifications 3.1 (4.0) (2.0) (2.9) Amounts reclassified from accumulated other comprehensive income (loss) — (4.2) 2.4 (1.8) Balance as of March 31, 2023 (12.5) 29.5 (4.1) 12.9 Other comprehensive income (loss) before reclassifications (0.2) 20.5 (2.4) 17.9 Amounts reclassified from accumulated other comprehensive income — (5.5) 2.2 (3.3) Balance as of June 30, 2023 $ (12.7) $ 44.5 $ (4.3) $ 27.5 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 The amounts in the summary of changes in accumulated other comprehensive income (loss) tables, above, are net of tax expense/(benefits) as follows (in millions): Three months ended Six months ended 2023 2022 2023 2022 Interest rate swaps $ 4.5 $ 1.6 $ 2.0 $ 7.1 Foreign currency derivative contracts 0.1 (2.1) — (2.1) Amounts reclassified from accumulated other comprehensive income for interest rate swaps and foreign currency derivative contracts were reclassified to interest expense and operating expenses, respectively, in the Company’s consolidated statements of comprehensive income during the three and six months ended June 30, 2023 and 2022.

NET INCOME ATTRIBUTABLE TO COMM

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	6 Months Ended
	Jun. 30, 2023
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 Six months ended 2023 2022 2023 2022 Numerator: Net income $ 75.7 $ 36.4 $ 159.8 $ 119.6 Denominator: Weighted-average shares used in computing net income per share attributable to common stockholders, basic 365.9 412.4 365.3 412.2 Stock-based compensation awards 0.5 0.4 0.5 0.6 Weighted-average shares used in computing net income per share attributable to common stockholders, diluted 366.4 412.8 365.8 412.8 Net income per share, basic $ 0.21 $ 0.09 $ 0.44 $ 0.29 Net income per share, diluted $ 0.21 $ 0.09 $ 0.44 $ 0.29 The Company uses the treasury stock method on a grant-by-grant basis as the method for determining the dilutive effect of options, RSUs and PSUs. 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 Six months ended 2023 2022 2023 2022 Stock options 2.1 17.2 2.6 17.0 RSUs 10.9 7.6 12.2 9.7 Total 13.0 24.8 14.8 26.7 In addition, 2.2 million PSUs were excluded from the calculation of diluted net income per share for the three and six months ended June 30, 2023 because the minimum performance measures were not yet met.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSOn August 1, 2023, the Company announced that it entered into a definitive agreement to acquire Youda Games from Azerion Group N.V. for an initial cash consideration of EUR 81.3 million, with an earnout based on the performance of the acquired business for a total maximum consideration of EUR 150 million, subject to customary adjustments. The transaction is expected to close in the third quarter of 2023 subject to the satisfaction of customary closing condition.The Company performed a review for subsequent events through the date of these financial statements. Other than the announcement of the acquisition of Youda Games, no material items were noted for disclosure.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net income	$ 75.7	$ 84.1	$ 36.4	$ 83.2	$ 159.8	$ 119.6

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
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, 2022 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 six months ended June 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. For further information, reference is made to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 28, 2023.
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, 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
Employee related benefits	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 10, Appreciation and Retention Plan, for additional discussion.
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 Company’s 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 the 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 historical swap rates. The Company believes that the hedging instruments are 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 5, 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 and foreign currency derivative contracts are categorized as Level 2 in the fair value hierarchy as established by ASC 820, Fair Value Measurement (“ASC 820”).
Impairment of long-lived assets	Impairment of long-lived assets The Company’s long-lived assets to be held or used, including right-of-use (“ROU”) assets, and identifiable intangible assets that are subject to amortization are tested for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, in accordance with ASC 360, Accounting for the Impairment or Disposal of Long-Lived Assets. Impairment indicators include any significant changes in the manner of the Company’s use of the assets and significant negative industry or economic trends. The Company recognizes impairment based on the difference between the fair value of the asset and its carrying value. Fair value is generally measured based on either quoted market prices, if available, or a discounted cash flow analysis. In the second quarter of 2023, the Company recorded an intangible asset impairment of $9.7 million related to JustPlay.LOL Ltd.
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 (“PSUs”) 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. The Company uses the treasury stock method on a grant-by-grant basis as the method for determining the dilutive effect of options, RSUs and PSUs. 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.
Accounting standards recently adopted by the Company	Accounting standards recently adopted by the Company In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805) (“ASU 2021-08”) . ASU 2021-08 requires that an acquiring entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers (“ASC 606”) and that at the acquisition date, the acquirer accounts for related revenue contracts in accordance with ASC 606 as if it had originated the contracts. The Company adopted this standard on January 1, 2023, and the adoption did not have an impact on the Company’s consolidated financial statements. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 484 (“ASU 2022-06”) . The amendments of ASU No. 2020-06 apply only to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company will continue to monitor the effects of rate reform, if any, on its contracts. The Company adopted this standard on January 1, 2023, and the adoption did not have an impact on the Company’s consolidated financial statements.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2023
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: June 30, December 31, Apple 58% 43% Google 28% 35% Facebook 5% 7%

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities at June 30, 2023 and December 31, 2022 were as follows (in millions): June 30, December 31, Employees and related expenses $ 130.1 $ 170.3 Accrued expenses 93.2 110.1 Media buy 56.0 41.3 Deferred revenues 44.6 38.6 Tax accruals 16.4 24.9 Total accrued expenses and other current liabilities $ 340.3 $ 385.2

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	June 30, 2023 December 31, 2022 (in millions, except interest rates) Maturity Interest Book value Face value Book value Term Loan 2028 7.900% $ 1,824.6 $ 1,857.3 $ 1,831.2 Senior Notes 2029 4.250% 592.9 600.0 592.4 Revolving Credit Facility 2026 n/a — — — Total debt 2,417.5 2,457.3 2,423.6 Less: Current portion of long-term debt (11.7) (19.0) (12.4) Long-term debt $ 2,405.8 $ 2,438.3 $ 2,411.2

EQUITY TRANSACTIONS AND STOCK_2

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN (Tables)	6 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Activity	The following table summarizes the Company’s stock option activity during the six months ended June 30, 2023: Stock Weighted Weighted Options Average Average Intrinsic Outstanding Remaining Exercise Value (in millions) Term (in years) Price (in millions) Outstanding at January 1, 2023 3.4 8.2 $ 19.08 Granted 0.1 $ 10.29 Exercised — Cancelled (1.7) $ 20.27 Expired — $ — Outstanding at June 30, 2023 1.8 8.1 $ 17.76 $ 0.5 Exercisable at June 30, 2023 0.7 7.8 $ 21.19 $ —
Summary of Assumptions Used for the Options Granted	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: Six months ended 2023 2022 Risk-free interest rate 3.34% - 3.79% 0.67% - 2.82% Expected dividend yield — — Expected term in years 6.1 6.1 Expected volatility 52.13% - 52.79% 37.91% - 38.60%
Summary of Company’s RSU Activity	The following table summarizes the Company’s RSU activity during the six months ended June 30, 2023: Weighted Total Fair Average Value of Shares Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2023 14.9 $ 18.69 Granted 1.8 $ 10.26 Vested (2.6) $ 17.76 $ 27.0 Cancelled (0.5) $ 19.86 Outstanding at June 30, 2023 13.6 $ 17.70
Summary of Company’s PSU Activity	The following table summarizes the Company’s PSU activity during the six months ended June 30, 2023: Weighted Total Fair Average Value of Shares (1) Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2023 3.2 $ 9.72 Granted — $ — Vested (0.4) $ 9.72 $ 4.2 Cancelled (0.6) $ 9.72 Outstanding at June 30, 2023 2.2 $ 9.72 ________ (1) The number of PSUs outstanding 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 as reported by award type (in millions): Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Stock options $ 1.1 $ 9.5 $ 1.4 $ 20.8 RSUs 26.9 24.9 54.0 49.7 PSUs (1.9) 1.7 0.5 6.1 Total stock-based compensation costs $ 26.1 $ 36.1 $ 55.9 $ 76.6 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 June 30, Six months ended June 30, 2023 2022 2023 2022 Research and development expenses $ 9.5 $ 13.2 $ 19.0 $ 27.0 Sales and marketing expenses 2.4 2.8 4.8 5.7 General and administrative expenses 13.4 19.4 30.7 42.5 Total stock-based compensation costs, net of amounts capitalized $ 25.3 $ 35.4 $ 54.5 $ 75.2

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instrument Activity	The following table summarizes the volume of derivative instrument activity (in millions): Three months ended June 30, Six months ended June 30, 2023 2022 2023 2022 Derivative instruments - foreign currency derivative contracts $ 54.3 $ 38.7 $ 92.7 $ 198.0 Derivative instruments - interest rate swaps — — 500.0 — Derivative instruments - others (non-hedging) — — 1.6 —

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
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 (in millions): June 30, 2023 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,857.3 $ 1,852.7 Level 2 Senior Notes 600.0 531.0 Level 2 Total debt $ 2,457.3 $ 2,383.7 December 31, 2022 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,866.8 $ 1,794.5 Level 2 Senior Notes 600.0 468.0 Level 2 Total debt $ 2,466.8 $ 2,262.5
Schedule of Assets and Liabilities Measured at Fair Value on a 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 June 30, 2023 and December 31, 2022 (in millions): Fair Value at Fair Value Hierarchy June 30, 2023 December 31, 2022 Cash and cash equivalents Cash Level 1 $ 63.1 $ 150.7 Money market funds Level 1 453.8 294.8 Term deposits Level 1 333.4 243.3 Commercial papers Level 2 104.8 79.9 Prepaid expenses and other current assets Derivative instruments - foreign currency derivative contracts Level 2 $ 3.0 $ 2.2 Derivative instruments - interest rate swaps Level 2 30.6 19.5 Other non-current assets Derivative instruments - interest rate swaps Level 2 $ 29.1 $ 29.3 Accrued expenses and other current liabilities Derivative instruments - foreign currency derivative contracts Level 2 $ 7.9 $ 7.5 Other long-term liabilities, including employee related benefits Derivative instruments - interest rate swaps Level 2 $ 2.0 $ —

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of 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 Six months ended 2023 2022 2023 2022 Geographic location USA $ 452.9 $ 466.8 $ 914.2 $ 941.2 EMEA 102.1 94.5 207.1 198.7 APAC 44.8 52.2 90.9 104.5 Other 43.0 46.1 86.8 92.1 Total $ 642.8 $ 659.6 $ 1,299.0 $ 1,336.5 Revenues through third-party platforms and through the Company’s own direct-to-consumer platforms were as follows (in millions): Three months ended Six months ended 2023 2022 2023 2022 Third-party platforms $ 477.5 $ 506.0 $ 982.2 $ 1,030.5 Direct-to-consumer platforms 165.3 153.6 316.8 306.0 Total revenues $ 642.8 $ 659.6 $ 1,299.0 $ 1,336.5
Schedule of Contract Assets and Liabilities	Balances of the Company’s contract assets and liabilities are as follows (in millions): June 30, December 31, Accounts receivable $ 159.8 $ 141.1 Contract assets (1) 12.3 10.8 Contract liabilities (2) 44.6 38.6 _______ (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)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Long-Lived Assets By Country of Domicile	The Company’s long-lived assets, net, by country of domicile are as follows (in millions): June 30, December 31, Israel $ 92.9 $ 100.9 USA 62.4 62.0 Ukraine 24.9 26.1 Other 40.9 40.9 Total long-lived assets, net $ 221.1 $ 229.9

INTEREST AND OTHER, NET (Tables

INTEREST AND OTHER, NET (Tables)	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Schedule of Interest and Other, Net	Interest and other, net are as follows (in millions): Three months ended Six months ended 2023 2022 2023 2022 Interest expense $ 35.8 $ 25.9 $ 73.8 $ 49.6 Interest income (10.3) (2.5) (18.1) (3.3) Foreign currency translation differences, net (2.4) (1.1) (4.2) 2.4 Other — 0.1 0.2 1.2 Total interest and other, net $ 23.1 $ 22.4 $ 51.7 $ 49.9

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Three months ended Six months ended (in millions, except tax rate) 2023 2022 2023 2022 Income before income taxes $ 116.1 $ 68.9 $ 239.9 $ 161.8 Provision for income taxes $ 40.4 $ 32.5 $ 80.1 $ 42.2 Effective tax rate 34.8 % 47.2 % 33.4 % 26.1 %

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2023
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 six months ended June 30, 2023 and 2022 (in millions): Foreign Currency Translation Interest Rate Swaps Foreign Currency Derivative Contracts Total Balance as of January 1, 2023 $ (15.6) $ 37.7 $ (4.5) $ 17.6 Other comprehensive income (loss) before reclassifications 3.1 (4.0) (2.0) (2.9) Amounts reclassified from accumulated other comprehensive income (loss) — (4.2) 2.4 (1.8) Balance as of March 31, 2023 (12.5) 29.5 (4.1) 12.9 Other comprehensive income (loss) before reclassifications (0.2) 20.5 (2.4) 17.9 Amounts reclassified from accumulated other comprehensive income — (5.5) 2.2 (3.3) Balance as of June 30, 2023 $ (12.7) $ 44.5 $ (4.3) $ 27.5 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 The amounts in the summary of changes in accumulated other comprehensive income (loss) tables, above, are net of tax expense/(benefits) as follows (in millions): Three months ended Six months ended 2023 2022 2023 2022 Interest rate swaps $ 4.5 $ 1.6 $ 2.0 $ 7.1 Foreign currency derivative contracts 0.1 (2.1) — (2.1)

NET INCOME ATTRIBUTABLE TO CO_2

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	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 Six months ended 2023 2022 2023 2022 Numerator: Net income $ 75.7 $ 36.4 $ 159.8 $ 119.6 Denominator: Weighted-average shares used in computing net income per share attributable to common stockholders, basic 365.9 412.4 365.3 412.2 Stock-based compensation awards 0.5 0.4 0.5 0.6 Weighted-average shares used in computing net income per share attributable to common stockholders, diluted 366.4 412.8 365.8 412.8 Net income per share, basic $ 0.21 $ 0.09 $ 0.44 $ 0.29 Net income per share, diluted $ 0.21 $ 0.09 $ 0.44 $ 0.29
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	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 Six months ended 2023 2022 2023 2022 Stock options 2.1 17.2 2.6 17.0 RSUs 10.9 7.6 12.2 9.7 Total 13.0 24.8 14.8 26.7

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration of Credit Risk and Significant Customers (Details)	6 Months Ended
	Jun. 30, 2023 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	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Apple
Organization and Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	58%	43%
Google
Organization and Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	28%	35%
Facebook
Organization and Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	5%	7%

ORGANIZATION AND SUMMARY OF S_6

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Employee Related Benefits (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Retention Pool - 2021-2024 Plan
Organization and Summary of Significant Accounting Polices [Line Items]
Deferred compensation arrangement with individual, contributions by employer	$ 25

ORGANIZATION AND SUMMARY OF S_7

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Impairment of long-lived assets (Details) $ in Millions	3 Months Ended
	Jun. 30, 2023 USD ($)
Accounting Policies [Abstract]
Intangible asset impairment	$ 9.7

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Employees and related expenses	$ 130.1	$ 170.3
Accrued expenses	93.2	110.1
Media buy	56	41.3
Deferred revenues	44.6	38.6
Tax accruals	16.4	24.9
Total accrued expenses and other current liabilities	$ 340.3	$ 385.2

DEBT - Schedule of Long Term De

DEBT - Schedule of Long Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Mar. 11, 2021
Debt Instrument [Line Items]
Book value	$ 2,405.8	$ 2,411.2
Total debt	2,417.5	2,423.6
Less: Current portion of long-term debt	(11.7)	(12.4)
Long-term debt	2,405.8	2,411.2
Face value	2,457.3	2,466.8
Face value, Current portion of long-term debt	(19)
Face value, Long-term debt	$ 2,438.3
Term Loan
Debt Instrument [Line Items]
Interest rate	7.90%
Book value	$ 1,824.6	1,831.2
Face value	$ 1,857.3	1,866.8
Senior Notes
Debt Instrument [Line Items]
Interest rate	4.25%		4.25%
Book value	$ 592.9	592.4
Face value	600	600
Revolving Credit Facility
Debt Instrument [Line Items]
Book value	0	$ 0
Face value	$ 0

DEBT - Narrative (Details)

DEBT - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022	Mar. 11, 2021
Debt Instrument [Line Items]
Deferred financing costs	$ 39.8	$ 43.2
Face value	2,457.3	2,466.8
First Lien Term Loans
Debt Instrument [Line Items]
Face value	$ 1,900
Percentage of original aggregate principal amount	0.25%
Revolving Credit Facility
Debt Instrument [Line Items]
Face value	$ 0
Maximum borrowing capacity	$ 600
First-priority net senior secured leverage ratio covenant	6.25
First-priority net senior secured leverage ratio	1.07
Senior Notes
Debt Instrument [Line Items]
Face value	$ 600	$ 600
Maximum borrowing capacity			$ 600
Interest rate	4.25%		4.25%

EQUITY TRANSACTIONS AND STOCK_3

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock allocated to awards granted (in shares)	39,235,665		39,235,665
Number of shares available for grant (in shares)	16,996,563		16,996,563
Capitalization of stock-based compensation costs	$ 0.8	$ 0.7	$ 1.4	$ 1.4
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expenses	8.2		$ 8.2
Weighted average period			2 years 1 month 6 days
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expenses	205		$ 205
Weighted average period			2 years 2 months 12 days
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expenses	$ 5.3		$ 5.3
Weighted average period			2 years
PSUs | Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage			50%
PSUs | Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage			50%

EQUITY TRANSACTIONS AND STOCK_4

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Stock Options Outstanding
Outstanding beginning balance (in shares)	3.4
Granted (in shares)	0.1
Exercised (in shares)	0
Cancelled (in shares)	(1.7)
Expired (in shares)	0
Outstanding ending balance (in shares)	1.8	3.4
Exercisable at ending balance (in shares)	0.7
Weighted average remaining term, Outstanding	8 years 1 month 6 days	8 years 2 months 12 days
Weighted average remaining term, Exercisable	7 years 9 months 18 days
Weighted Average Exercise Price
Outstanding at beginning balance (in dollars per share)	$ 19.08
Granted (in dollars per share)	10.29
Cancelled (in dollars per share)	20.27
Expired (in dollars per share)	0
Outstanding at ending balance (in dollars per share)	17.76	$ 19.08
Weighted Average Exercise Price, Exercisable (in dollars per share)	$ 21.19
Intrinsic Value, Outstanding	$ 0.5
Intrinsic Value, Exercisable	$ 0

EQUITY TRANSACTIONS AND STOCK_5

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Stock Options (Details) - Stock options - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate, minimum	3.34%	67%
Risk-free interest rate, maximum	3.79%	2.82%
Expected dividend yield	$ 0	$ 0
Expected term in years	6 years 1 month 6 days	6 years 1 month 6 days
Expected volatility, minimum	52.13%	37.91%
Expected volatility, maximum	52.79%	38.60%

EQUITY TRANSACTIONS AND STOCK_6

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - RSUs and PSUs Activity (Details) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Weighted Average Grant Date Fair Value
Cancelled (in dollars per share) | $ / shares	$ 9.72
RSUs
Shares
Beginning balance (in shares) | shares	14.9
Granted (in shares) | shares	1.8
Vested (in shares) | shares	(2.6)
Cancelled (in shares) | shares	(0.5)
Ending balance (in shares) | shares	13.6
Weighted Average Grant Date Fair Value
Outstanding at beginning balance (in dollars per share) | $ / shares	$ 18.69
Granted (in dollars per share) | $ / shares	10.26
Vested (in dollars per share) | $ / shares	17.76
Cancelled (in dollars per share) | $ / shares	19.86
Outstanding at ending balance (in dollars per share) | $ / shares	$ 17.70
Total fair value of shares vested | $	$ 27
PSUs
Shares
Beginning balance (in shares) | shares	3.2
Granted (in shares) | shares	0
Vested (in shares) | shares	(0.4)
Cancelled (in shares) | shares	(0.6)
Ending balance (in shares) | shares	2.2
Weighted Average Grant Date Fair Value
Outstanding at beginning balance (in dollars per share) | $ / shares	$ 9.72
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	9.72
Outstanding at ending balance (in dollars per share) | $ / shares	$ 9.72
Total fair value of shares vested | $	$ 4.2

EQUITY TRANSACTIONS AND STOCK_7

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Schedule of Stock-based Compensation Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs	$ 26.1	$ 36.1	$ 55.9	$ 76.6
Total stock-based compensation costs, net of amounts capitalized	25.3	35.4	54.5	75.2
Research and development expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs, net of amounts capitalized	9.5	13.2	19	27
Sales and marketing expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs, net of amounts capitalized	2.4	2.8	4.8	5.7
General and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs, net of amounts capitalized	13.4	19.4	30.7	42.5
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs	1.1	9.5	1.4	20.8
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs	26.9	24.9	54	49.7
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs	$ (1.9)	$ 1.7	$ 0.5	$ 6.1

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) $ in Millions	Jun. 30, 2023 USD ($) derivative_instrument	Jan. 31, 2023 USD ($) derivative_instrument	Mar. 31, 2021 USD ($) derivative_instrument
Derivative instruments - interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of derivative agreements | derivative_instrument	2	2	2
Derivative instruments - interest rate swaps | Other current assets and other non-current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate swap agreements	$ 57.7
Interest Rate Swap One
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value		$ 250	$ 250
Fixed interest rate	0.85%	3.435%	0.9275%
Interest Rate Swap Two
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value		$ 250	$ 250
Fixed interest rate	0.85%	3.435%	0.9275%
Foreign currency hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Approximate amount of hedges	$ 183
Derivative maturity	12 months
Foreign currency hedge | Other current liabilities
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate swap agreements	$ (4.9)

DERIVATIVE INSTRUMENTS - Schedu

DERIVATIVE INSTRUMENTS - Schedule of Derivative Instrument Activity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Designated as Hedging Instrument | Derivative instruments - foreign currency derivative contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative instruments	$ 54.3	$ 38.7	$ 92.7	$ 198
Designated as Hedging Instrument | Derivative instruments - interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative instruments	0	0	500	0
Not Designated as Hedging Instrument | Derivative instruments - others (non-hedging)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative instruments	$ 0	$ 0	$ 1.6	$ 0

FAIR VALUE MEASUREMENTS - Long

FAIR VALUE MEASUREMENTS - Long Term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Face value	$ 2,457.3	$ 2,466.8
Fair Value	2,383.7	2,262.5
Term Loan
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Face value	1,857.3	1,866.8
Term Loan | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	1,852.7	1,794.5
Senior Notes
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Face value	600	600
Senior Notes | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 531	$ 468

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
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, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current assets	Other non-current assets
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other long-term liabilities, including employee related benefits	Other long-term liabilities, including employee related benefits
Cash
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and cash equivalents	$ 63.1	$ 150.7
Money market funds
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and cash equivalents	453.8	294.8
Term deposits
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and cash equivalents	333.4	243.3
Commercial papers
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and cash equivalents	104.8	79.9
Derivative instruments - foreign currency derivative contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Prepaid expenses and other current assets	3	2.2
Accrued expenses and other current liabilities	7.9	7.5
Interest Rate Swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Prepaid expenses and other current assets	30.6	19.5
Other non-current assets	29.1	29.3
Other long-term liabilities, including employee related benefits	$ 2	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) ₪ in Millions, $ in Millions			6 Months Ended
	Mar. 08, 2023	May 17, 2022 ILS (₪)	Jun. 30, 2023 demand	Jul. 26, 2023 USD ($)
Loss Contingencies [Line Items]
Number of demand received | demand			7
Subsequent Event
Loss Contingencies [Line Items]
Accrued loss contingency | $				$ 3.6
Guy David Ben Yosef vs. Playtika Group Israel Ltd
Loss Contingencies [Line Items]
Exposure period		7 years
Net income stock damages | ₪		₪ 50
Gayla Hamilton Mills vs. Playtika Ltd.
Loss Contingencies [Line Items]
Lawsuit recover during the period	1 year

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 642.8	$ 659.6	$ 1,299	$ 1,336.5
Third-party platforms
Disaggregation of Revenue [Line Items]
Revenues	477.5	506	982.2	1,030.5
Direct-to-consumer platforms
Disaggregation of Revenue [Line Items]
Revenues	165.3	153.6	316.8	306
USA
Disaggregation of Revenue [Line Items]
Revenues	452.9	466.8	914.2	941.2
EMEA
Disaggregation of Revenue [Line Items]
Revenues	102.1	94.5	207.1	198.7
APAC
Disaggregation of Revenue [Line Items]
Revenues	44.8	52.2	90.9	104.5
Other
Disaggregation of Revenue [Line Items]
Revenues	$ 43	$ 46.1	$ 86.8	$ 92.1

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract Balances (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 159.8	$ 141.1
Contract assets	12.3	10.8
Contract liabilities	$ 44.6	$ 38.6

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract receivable collection period		45 days
Contract liabilities recognized	$ 9.6	$ 31.4

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	6 Months Ended
	Jun. 30, 2023 segment
Segment Reporting [Abstract]
Operating segment	1
Reportable segment	1

SEGMENT INFORMATION - Long-Live

SEGMENT INFORMATION - Long-Lived Assets By Country of Domicile (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Total long-lived assets, net	$ 221.1	$ 229.9
Israel
Segment Reporting Information [Line Items]
Total long-lived assets, net	92.9	100.9
USA
Segment Reporting Information [Line Items]
Total long-lived assets, net	62.4	62
Ukraine
Segment Reporting Information [Line Items]
Total long-lived assets, net	24.9	26.1
Other
Segment Reporting Information [Line Items]
Total long-lived assets, net	$ 40.9	$ 40.9

APPRECIATION AND RETENTION PL_2

APPRECIATION AND RETENTION PLAN (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Retention Pool - 2021-2024 Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, compensation expense	$ 29,100,000	$ 28,000,000	$ 58,900,000	$ 52,900,000
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	$ 9,400,000	$ 0	$ 7,500,000

INTEREST AND OTHER, NET (Detail

INTEREST AND OTHER, NET (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Income and Expenses [Abstract]
Interest expense	$ 35.8	$ 25.9	$ 73.8	$ 49.6
Interest income	(10.3)	(2.5)	(18.1)	(3.3)
Foreign currency translation differences, net	(2.4)	(1.1)	(4.2)	2.4
Other	0	0.1	0.2	1.2
Total interest and other, net	$ 23.1	$ 22.4	$ 51.7	$ 49.9

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income before income taxes	$ 116.1	$ 68.9	$ 239.9	$ 161.8
Provision for income taxes	$ 40.4	$ 32.5	$ 80.1	$ 42.2
Effective tax rate	34.80%	47.20%	33.40%	26.10%

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (460.7)	$ (568.6)	$ (240)	$ (377.7)
Other comprehensive income (loss) before reclassifications	17.9	(2.9)	(17.1)	14.7
Amounts reclassified from accumulated other comprehensive income (loss)	(3.3)	(1.8)	1.2	0.7
Ending balance	(344.9)	(460.7)	(184.1)	(240)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(12.5)	(15.6)	(5.2)	(1.9)
Other comprehensive income (loss) before reclassifications	(0.2)	3.1	(10)	(3.3)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Ending balance	(12.7)	(12.5)	(15.2)	(5.2)
Accumulated other comprehensive income (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	12.9	17.6	18.6	3.2
Ending balance	27.5	12.9	2.7	18.6
Interest Rate Swaps | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	29.5	37.7	22.7	4.2
Other comprehensive income (loss) before reclassifications	20.5	(4)	5.2	17.7
Amounts reclassified from accumulated other comprehensive income (loss)	(5.5)	(4.2)	0.1	0.8
Ending balance	44.5	29.5	28	22.7
Foreign Currency Derivative Contracts | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(4.1)	(4.5)	1.1	0.9
Other comprehensive income (loss) before reclassifications	(2.4)	(2)	(12.3)	0.3
Amounts reclassified from accumulated other comprehensive income (loss)	2.2	2.4	1.1	(0.1)
Ending balance	$ (4.3)	$ (4.1)	$ (10.1)	$ 1.1

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Accumulated Other Comprehensive Income (Loss), Net of Tax Expense/(Benefits) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest Rate Swaps
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax expense (benefit)	$ 4.5	$ 1.6	$ 2	$ 7.1
Foreign Currency Derivative Contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax expense (benefit)	$ 0.1	$ (2.1)	$ 0	$ (2.1)

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				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share [Abstract]
Net income	$ 75.7	$ 84.1	$ 36.4	$ 83.2	$ 159.8	$ 119.6
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	365.9		412.4		365.3	412.2
Stock-based compensation awards (in shares)	0.5		0.4		0.5	0.6
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	366.4		412.8		365.8	412.8
Net income per share, basic (in dollars per share)	$ 0.21		$ 0.09		$ 0.44	$ 0.29
Net income per share, diluted (in dollars per share)	$ 0.21		$ 0.09		$ 0.44	$ 0.29

NET INCOME ATTRIBUTABLE TO CO_4

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS - Antidilutive Shares (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	13	24.8	14.8	26.7
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	2.1	17.2	2.6	17
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	10.9	7.6	12.2	9.7
PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share	2.2		2.2

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Youda Games - Forecast € in Millions	3 Months Ended
	Sep. 30, 2023 EUR (€)
Subsequent Event [Line Items]
Cash consideration	€ 81.3
Maximum
Subsequent Event [Line Items]
Total consideration	€ 150