Playtika Holding (PLTK) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

COVER

COVER - shares	9 Months Ended
	Sep. 30, 2024	Nov. 04, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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	c/o Playtika Ltd.
Entity Address, Address Line Two	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		372,713,159
Entity Central Index Key	0001828016
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 1,145.9	$ 1,029.7
Short-term investments	55.8	0
Restricted cash	1.5	2
Accounts receivable	159.6	171.5
Prepaid expenses and other current assets	107.3	147.9
Total current assets	1,470.1	1,351.1
Property and equipment, net	108.8	119.9
Operating lease right-of-use assets	92	100.3
Intangible assets other than goodwill, net	263.8	311.2
Goodwill	988.7	987.2
Deferred tax assets, net	100.4	99.3
Investments in unconsolidated entities	19.1	54.4
Other non-current assets	146.2	151.6
Total assets	3,189.1	3,175
Current liabilities
Current maturities of long-term debt	11.7	16.8
Accounts payable	36.5	65
Operating lease liabilities, current	19	19.5
Accrued expenses and other current liabilities	384.9	438.3
Total current liabilities	452.1	539.6
Long-term debt	2,391.2	2,399.6
Contingent consideration	23.5	20.8
Other long-term liabilities, including employee related benefits	325.3	318.7
Operating lease liabilities, long-term	78.3	88.2
Deferred tax liabilities	16.7	29.6
Total liabilities	3,287.1	3,396.5
Commitments and contingencies (Note 8)
Stockholders' equity (deficit)
Common stock of $0.01 par value; 1,600.0 shares authorized; 372.6 and 370.0 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	4.1	4.1
Treasury stock at cost (51.8 shares at both September 30, 2024 and December 31, 2023)	(603.5)	(603.5)
Additional paid-in capital	1,334.7	1,264.9
Accumulated other comprehensive income	7	20.6
Accumulated deficit	(840.3)	(907.6)
Total stockholders' deficit	(98)	(221.5)
Total liabilities and stockholders’ deficit	$ 3,189.1	$ 3,175

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par or stated value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,600	1,600
Common stock, shares issued (in shares)	372.6	370
Common stock, shares outstanding (in shares)	372.6	370
Treasury stock (in shares)	51.8	51.8

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Revenues	$ 620.8	$ 630.1	$ 1,899	$ 1,929.1
Costs and expenses
Cost of revenue	168.1	173.9	513.3	537.9
Research and development	99.2	102.2	306.7	304.9
Sales and marketing	149.9	142.8	509.7	427.7
General and administrative	76.8	79.6	196.7	225.7
Impairment charges	29.3	41.6	36.3	51.3
Total costs and expenses	523.3	540.1	1,562.7	1,547.5
Income from operations	97.5	90	336.3	381.6
Interest and other, net	33.8	25.2	77.4	76.9
Income before income taxes	63.7	64.8	258.9	304.7
Provision for income taxes	24.4	26.9	80	107
Net income	39.3	37.9	178.9	197.7
Other comprehensive income (loss)
Foreign currency translation	7.4	(4.1)	1.9	(1.2)
Change in fair value of derivatives	(17.9)	1.1	(15.5)	8.1
Total other comprehensive income (loss)	(10.5)	(3)	(13.6)	6.9
Comprehensive income	$ 28.8	$ 34.9	$ 165.3	$ 204.6
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 0.11	$ 0.10	$ 0.48	$ 0.54
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 0.11	$ 0.10	$ 0.48	$ 0.54
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	372.2	366.7	371.4	365.8
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	372.5	367.6	371.7	366.3

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, 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 (less than or equal)			$ 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		197.7
Other comprehensive income (loss)		6.9
Ending balance (in shares) at Sep. 30, 2023			367.1
Ending balance at Sep. 30, 2023		(281.9)	$ 4.1	(603.5)	1,237.9	24.5	(944.9)
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 (less than or equal)	[1]		$ 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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		37.9					37.9
Stock-based compensation		28.8			28.8
Issuance of shares upon vesting of RSUs and PSUs (in shares)			0.8
Issuance of shares upon vesting of RSUs and PSUs (less than or equal)	[1]		$ 0.1		(0.1)
Income tax withholding related to vesting of restricted stock units and other		(0.7)			(0.7)
Other comprehensive income (loss)		(3)				(3)
Ending balance (in shares) at Sep. 30, 2023			367.1
Ending balance at Sep. 30, 2023		$ (281.9)	$ 4.1	(603.5)	1,237.9	24.5	(944.9)
Beginning balance (in shares) at Dec. 31, 2023		370	370
Beginning balance at Dec. 31, 2023		$ (221.5)	$ 4.1	(603.5)	1,264.9	20.6	(907.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		53					53
Cash dividend declared		(37.1)					(37.1)
Stock-based compensation		24.2			24.2
Issuance of shares upon vesting of RSUs and PSUs (in shares)			1
Issuance of shares upon vesting of RSUs and PSUs (less than or equal)			$ 0.1		(0.1)
Income tax withholding related to vesting of restricted stock units and other		(0.7)			(0.7)
Other comprehensive income (loss)		1.7				1.7
Ending balance (in shares) at Mar. 31, 2024			371
Ending balance at Mar. 31, 2024		$ (180.4)	$ 4.1	(603.5)	1,288.4	22.3	(891.7)
Beginning balance (in shares) at Dec. 31, 2023		370	370
Beginning balance at Dec. 31, 2023		$ (221.5)	$ 4.1	(603.5)	1,264.9	20.6	(907.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		178.9
Other comprehensive income (loss)		$ (13.6)
Ending balance (in shares) at Sep. 30, 2024		372.6	372.6
Ending balance at Sep. 30, 2024		$ (98)	$ 4.1	(603.5)	1,334.7	7	(840.3)
Beginning balance (in shares) at Mar. 31, 2024			371
Beginning balance at Mar. 31, 2024		(180.4)	$ 4.1	(603.5)	1,288.4	22.3	(891.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		86.6					86.6
Cash dividend declared		(37.2)					(37.2)
Stock-based compensation		23.5			23.5
Issuance of shares upon vesting of RSUs and PSUs (in shares)			0.9
Issuance of shares upon vesting of RSUs and PSUs (less than or equal)	[1]		$ 0.1		(0.1)
Income tax withholding related to vesting of restricted stock units and other		(0.6)			(0.6)
Other comprehensive income (loss)		(4.8)				(4.8)
Ending balance (in shares) at Jun. 30, 2024			371.9
Ending balance at Jun. 30, 2024		(112.9)	$ 4.1	(603.5)	1,311.3	17.5	(842.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		39.3					39.3
Cash dividend declared		(37.3)					(37.3)
Stock-based compensation		24.2			24.2
Issuance of shares upon vesting of RSUs and PSUs (in shares)			0.7
Issuance of shares upon vesting of RSUs and PSUs (less than or equal)	[1]		$ 0.1		(0.1)
Income tax withholding related to vesting of restricted stock units and other		(0.8)			(0.8)
Other comprehensive income (loss)		$ (10.5)				(10.5)
Ending balance (in shares) at Sep. 30, 2024		372.6	372.6
Ending balance at Sep. 30, 2024		$ (98)	$ 4.1	$ (603.5)	$ 1,334.7	$ 7	$ (840.3)
[1]Represents an amount less than 0.1 or $0.1

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]
Cash dividend declared (in dollars per share)	$ 0.10	$ 0.10	$ 0.10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income	$ 178.9	$ 197.7
Adjustments to reconcile net income to net cash from operating activities:
Depreciation	34.8	33.2
Amortization of intangible assets	82.3	82.8
Impairment charges	36.3	51.3
Stock-based compensation	70.2	82.5
Amortization of loan discount	5.6	5.2
Change in contingent consideration	(15.9)	0
Change in deferred taxes, net	(9.4)	(11.1)
Loss from foreign currency	0	(1.3)
Non-cash lease expenses (benefit), net	(2.2)	(0.6)
Changes in operating assets and liabilities:
Accounts receivable	12.1	(23.4)
Prepaid expenses and other current and non-current assets	27.4	4
Accounts payable	(16.5)	(18.1)
Accrued expenses and other current and non-current liabilities	(66.6)	(65.9)
Net cash provided by operating activities	337	336.3
Cash flows from investing activities
Purchase of property and equipment	(28.1)	(16.8)
Capitalization of internal use software costs	(25.1)	(27.8)
Purchase of software for internal use	(15.5)	(9)
Purchase of short-term investments	(256.5)	0
Proceeds from short-term investments	200.7	0
Payments for business combination, net of cash acquired	0	(160.6)
Other investing activities	(1)	(1.1)
Net cash used in investing activities	(125.5)	(215.3)
Cash flows from financing activities
Dividend paid	(74.3)	0
Repayments on bank borrowings	(19)	(9.5)
Payment of tax withholdings on stock-based payments	(2.1)	(2.6)
Net cash out flow for business acquisitions and other	(0.7)	0
Net cash used in financing activities	(96.1)	(12.1)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	0.3	0.8
Net change in cash, cash equivalents and restricted cash	115.7	109.7
Cash, cash equivalents and restricted cash at the beginning of the period	1,031.7	770.4
Cash, cash equivalents and restricted cash at the end of the period	1,147.4	880.1
Supplemental cash flow disclosures
Cash paid for income taxes	100.2	137.7
Cash paid for interest	117.3	114.7
Cash received for interest	42.5	26.7
Non-cash financing and investing activities
Accrued dividend	37.3	0
Right-of-use assets acquired under operating leases	5.8	14.5
Contingent consideration related to business acquisition	0	77.4
Accrued purchases of property and equipment and intangible assets	5	0
Capitalization of stock-based compensation costs	$ 1.7	$ 2.2

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
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 proprietary technology tools 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 at 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, 2023 have been applied consistently in these unaudited interim consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been recorded within the accompanying financial statements, consisting of normal, recurring adjustments, and all intercompany balances and transactions have been eliminated in the consolidation. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. 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, 2023, as filed with the SEC on February 26, 2024. Use of estimates The preparation of the interim 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 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. Share Purchase Agreement - SuperPlay On September 18, 2024, the Company entered into a Share Purchase Agreement (the “SuperPlay Purchase Agreement”) pursuant to which the Company agreed to purchase all of the issued and outstanding share capital of SuperPlay Ltd. (“SuperPlay”)(the “Transaction”) for an aggregate purchase price equal to (i) $700.0 million, subject to customary closing adjustments, and (ii) earnout payments of up to $1.250 billion, the amounts of which will be based on certain gross revenue growth and Adjusted EBITDA metrics of SuperPlay during the calendar years 2025, 2026 and 2027. The closing of the Transaction is subject to customary closing conditions and the SuperPlay Purchase Agreement includes customary termination rights, including if the closing of the Transaction has not occurred on or before March 31, 2025. Amendment to Share Purchase Agreement - InnPlay On September 14, 2023, the Company entered into a Share Purchase Agreement (the “InnPlay Purchase Agreement”) pursuant to which the Company agreed to acquire all of the issued and outstanding share capital of G.S InnPlay Labs Ltd. (“InnPlay”). On June 18, 2024, the Company and InnPlay signed the first amendment to the InnPlay Purchase Agreement which reduces the maximum cap on the total potential earnout consideration from $220 million to $170 million and adjusted certain of the associated underlying performance metrics. The Company recorded $16.2 million of income to general and administrative expense during the quarter ended June 30, 2024 to adjust its recorded earnout liability to the June 30, 2024 estimated fair value of the total amount to be paid under the earnout, as amended. Concentration of credit risk and significant customers Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, short-term investments, 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. The Company performs ongoing credit evaluations of its customers. The following table summarizes the major accounts receivable of the Company as a percentage of the total accounts receivable as of the dates indicated: September 30, December 31, Apple 58% 56% Google 26% 28% Facebook 3% 4% Accounts receivable are recorded at their transaction amounts and do not bear interest. The Company bases its allowance for credit losses on management's best estimate of the amount of probable credit losses in the Company's existing accounts receivable based on historical collection experience and current and expected future economic and market conditions. Cash and cash equivalents and Short-term investments Cash and cash equivalents consist of cash and highly liquid investments with maturities of three months or less from the date of purchase and are stated at the lower of cost or market value. Cash equivalents include investments in term deposits, commercial papers and money market funds that can be redeemed immediately at the current net asset value. Investments with maturities of more than three months but less than one year from the date of purchase are included in short-term investments. Such short-term investments include investments in term deposits and commercial papers. The Company classifies investments in debt securities as available-for-sale (“AFS”). AFS debt securities are carried at fair value, with unrealized gains and losses, net of tax, reported in accumulated other comprehensive income (loss) in stockholders’ equity. Realized gains and losses on sale of investments are included in Interest and other, net on the statements of comprehensive income and are derived using the specific identification method for determining the cost of securities sold. The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization together with interest on securities is included in Interest and other, net. 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 units 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. The Company recognized compensation expenses in respect of retention unit and appreciation unit awards under its appreciation and retention plans of $23.9 million and $27.6 million during the three months ended September 30, 2024 and 2023, respectively, and $70.1 million and $86.5 million during the nine months ended September 30, 2024 and 2023, respectively. 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 Accounting Standards Codification (“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 inception of the hedging relationship and at period end in which it compared the change in the fair value of the swap transaction and the change in fair value of a hypothetical interest rate swap having terms that identically match the terms of the debt's interest rate payments based on 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 the 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 Euros (“EUR”), 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 6, 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”). See Note 7, Fair Value Measurements, for additional discussion. Investment in unconsolidated entities The Company holds certain equity investments in various unconsolidated entities that, based upon the structure of the investment, are not within the scope of equity investment accounting that would lead to the consolidation conclusions above. Instead, these investments fall within the scope of ASC 321, Investments - Equity Securities. As permitted within that guidance, the Company has elected to account for these investments at cost less impairment, adjusted for changes in fair value from observable transactions for identical or similar investments of the same issuer as of the respective transaction dates. Due to poor performance of certain of these investments leading to significant uncertainty regarding their future viability, the Company recorded impairments of $29.3 million and $36.3 million related to these certain investments during the three months and nine months ended September 30, 2024, respectively. No change to the carrying amounts were recorded in the three or nine month periods ended September 30, 2023. 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.

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
SHORT-TERM INVESTMENTS	SHORT-TERM INVESTMENTS Short-term investments at September 30, 2024 are as follows (in millions): September 30, 2024 Amortized cost Allowance for credit losses Unrealized gains Unrealized losses Commercial papers $ 55.8 $ — $ — $ — Total short-term investments $ 55.8 $ — $ — $ — The Company did not hold short-term investments at December 31, 2023.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities at September 30, 2024 and December 31, 2023 were as follows (in millions): September 30, December 31, Employees and related expenses $ 114.4 $ 162.5 Accrued expenses 83.3 93.9 Media buy 50.7 54.5 Deferred revenues 38.9 46.0 Dividend payable 37.3 — Tax accruals 32.9 35.4 Contingent consideration 27.4 46.0 Total accrued expenses and other current liabilities $ 384.9 $ 438.3

DEBT

DEBT	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
DEBT	DEBT September 30, 2024 December 31, 2023 (in millions, except interest rates) Maturity Interest Book value Face value Book value Term Loan 2028 8.110% $ 1,808.5 $ 1,833.5 $ 1,822.8 Senior Notes 2029 4.250% 594.4 600.0 593.6 Revolving Credit Facility 2026 n/a — — — Total debt 2,402.9 2,433.5 2,416.4 Less: Current portion of long-term debt (11.7) (19.0) (16.8) Long-term debt $ 2,391.2 $ 2,414.5 $ 2,399.6 Book value of debt in the table above is reported net of deferred financing costs and original issue discount of $30.6 million and $36.1 million at September 30, 2024 and December 31, 2023, 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 September 30, 2024, the Company’s first-priority net senior secured leverage ratio was 0.83 to 1.0. The Company was in compliance with its financial and other covenants under the Credit Agreement as of September 30, 2024. 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 26, 2024. Offering of 4.250% Senior Notes due 2029 Indenture On March 11, 2021, the Company issued $600.0 million aggregate principal amount of its 4.250% senior notes due 2029 (the “Notes”) under an indenture, dated March 11, 2021 (the “Indenture”), among the Company, the subsidiary guarantors party thereto and Wilmington Trust, National Association, as trustee (the “Trustee”). Maturity and Interest The Notes mature on March 15, 2029. Interest on the Notes will accrue at a rate of 4.250% per annum. Interest on the Notes is payable semi-annually in cash in arrears on March 15 and September 15 of each year. The significant terms and conditions of the Notes have not changed from what was disclosed in Note 12, Debt in our Annual Report on Form 10-K filed with the SEC on February 26, 2024.

EQUITY TRANSACTIONS AND STOCK I

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024, a total of 47,633,739 shares of the Company’s common stock had been allocated to awards granted under the Plan and 15,767,918 shares remained available for future grants. Cash Dividend On April 5 and July 5, 2024, in accordance with approval by the Board of Directors of the Company (“the Board”), the Company paid cash dividends of $0.10 per shares of the Company’s outstanding common stock. Additionally, the Board declared a cash dividend of $0.10 per share of the Company’s outstanding common stock, that was paid on October 4, 2024 to stockholders of record as of the close of business on September 20, 2024. The dividend amount of $37.3 million is recorded in accrued expenses and other current liabilities at September 30, 2024. Stock Repurchase Program On May 9, 2024, the Company announced that its Board of Directors authorized a stock repurchase program for up to $150 million of the Company’s common stock. Under the repurchase program, repurchases can be made using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with the rules of the Securities and Exchange Commission and other applicable legal requirements. The specific timing, price and size of purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations. The repurchase program does not obligate the Company to acquire any particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion. Stock Options The following table summarizes the Company’s stock option activity during the nine months ended September 30, 2024: Stock Weighted Weighted Options Average Average Intrinsic Outstanding Remaining Exercise Value (in millions) Term (in years) Price (in millions) Outstanding at January 1, 2024 1.7 7.6 $ 17.72 Granted — $ — Exercised — Cancelled (0.4) $ 18.88 Expired — $ — Outstanding at September 30, 2024 1.3 6.9 $ 17.41 $ — Exercisable at September 30, 2024 1.0 6.7 $ 18.67 $ — 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 the nine months ended September 30, 2023. There were no options granted in the nine months ended September 30, 2024. Nine months ended September 30, 2023 Risk-free interest rate 3.34% - 3.79% Expected dividend yield — Expected term in years 6.1 Expected volatility 52.13% - 52.79% RSUs The following table summarizes the Company’s RSU activity during the nine months ended September 30, 2024: Weighted Total Fair Average Value of Shares Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2024 21.3 $ 12.24 Granted 1.4 $ 7.26 Vested (2.8) $ 16.70 $ 21.4 Cancelled (3.0) $ 11.61 Outstanding at September 30, 2024 16.9 $ 11.17 PSUs As of September 30, 2024, the Company estimated achievement of a target less than 100% for the PSUs associated with the 2024 and 2025 tranches, consistent with the Company’s current forecasted performance for 2024 and 2025. For purposes of forecasting PSU achievement, future results of the SuperPlay transaction are not considered until the quarter in which the transaction closes. The following table summarizes the Company’s PSU activity during the nine months ended September 30, 2024: Weighted Total Fair Average Value of Shares (1) Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2024 2.2 $ 9.72 Granted — $ — Vested * $ 9.72 * Cancelled (0.7) $ 9.72 Outstanding at September 30, 2024 1.5 $ 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. * Represents an amount less than 0.1 or $0.1 Stock-Based Compensation The following table summarizes stock-based compensation costs as reported by award type (in millions): Three months ended Nine months ended 2024 2023 2024 2023 Stock options $ 0.7 $ 1.0 $ 2.4 $ 2.4 RSUs 23.5 27.1 73.6 81.1 PSUs — 0.7 (4.1) 1.2 Total stock-based compensation costs $ 24.2 $ 28.8 $ 71.9 $ 84.7 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 Nine months ended 2024 2023 2024 2023 Research and development expenses $ 7.1 $ 9.6 $ 23.0 $ 28.6 Sales and marketing expenses 1.5 2.3 4.9 7.1 General and administrative expenses 15.0 16.1 42.3 46.8 Total stock-based compensation costs, net of amounts capitalized $ 23.6 $ 28.0 $ 70.2 $ 82.5 During the three months ended September 30, 2024 and 2023, the Company capitalized $0.6 million and $0.8 million of stock-based compensation cost, respectively. During the nine months ended September 30, 2024 and 2023, the Company capitalized $1.7 million and $2.2 million of stock-based compensation cost, respectively.

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 2024
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. The initial terms of each swap required the Company to pay a fixed interest rate of 0.9275% in exchange for receiving one-month LIBOR. 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 Secured Overnight Financing Rate (“SOFR”). The amendment did not impact the hedge effectiveness. 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 January 2023, the Company entered into two additional 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 a net asset of $17.4 million as of September 30, 2024. and was recorded in prepaid expenses and other current assets, other non-current assets, accrued expenses and other current liabilities 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 September 30, 2024, the Company had outstanding derivative contracts to purchase certain foreign currencies, including EUR, ILS, RON, and PLN at future dates. The amount of future salary expenses the Company had hedged was approximately $200.4 million, and all contracts are expected to mature during the upcoming 12 months. The aggregate fair value of the Company’s derivative contracts was a net assets of $2.1 million as of September 30, 2024 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 Nine months ended 2024 2023 2024 2023 Derivative instruments - foreign currency derivative contracts $ 46.0 $ 146.8 $ 151.4 $ 240.1 Derivative instruments - interest rate swaps — — — 500.0 Derivative instruments - others (non-hedging) — — — 1.6

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2024
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 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): September 30, 2024 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,833.5 $ 1,819.7 Level 2 Senior Notes 600.0 547.5 Level 2 Total debt $ 2,433.5 $ 2,367.2 December 31, 2023 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,852.5 $ 1,847.9 Level 2 Senior Notes 600.0 525.8 Level 2 Total debt $ 2,452.5 $ 2,373.7 The estimated fair value of the Company’s term loan is based upon the prices at which the Company’s debt traded in the days immediately preceding the balance sheet date. As the trading volume of the Company’s debt is low relative to the overall debt balance, the Company does not believe that the associated transactions represent an active market, and therefore this indication of value represents a level 2 fair value input. The following table sets forth the assets and liabilities measured at fair value on a recurring basis in the Company’s consolidated balance sheets at September 30, 2024 and December 31, 2023 (in millions): Fair Value at Fair Value Hierarchy September 30, 2024 December 31, 2023 Cash equivalents Money market funds Level 1 $ 477.4 $ 524.4 Term deposits Level 1 319.6 290.3 Commercial papers Level 2 139.9 104.8 Short-term investments Commercial papers Level 2 55.8 — Prepaid expenses and other current assets Derivative instruments - interest rate swaps Level 2 $ 16.8 $ 25.3 Derivative instruments - foreign currency derivative contracts Level 2 3.4 4.3 Other non-current assets Derivative instruments - interest rate swaps Level 2 $ 5.9 $ 15.2 Accrued expenses and other current liabilities Derivative instruments - interest rate swaps Level 2 $ 0.4 $ — Derivative instruments - foreign currency derivative contracts Level 2 $ 1.3 $ 0.9 Other long-term liabilities, including employee related benefits Derivative instruments - interest rate swaps Level 2 $ 4.9 $ 4.4 The change in fair value of contingent consideration payable was valued using significant unobservable inputs (Level 3), was included in the general and administrative expenses in the Company’s consolidated statements of comprehensive income and consisted of the following (in millions): Balance as of January 1, 2024 $ 66.8 Fair value adjustments based upon post-acquisition performance (15.9) Balance as of September 30, 2024 $ 50.9 The carrying values of the Company’s cash equivalents and short-term investments 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 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 estimated the fair value of its contingent consideration liabilities using a Monte Carlo simulation to model components of cash flow analyses. These fair value measurements are based on significant inputs not observable in the market and thus represent Level 3 measurements as defined in ASC 820. The extent to which the actual results differ from assumptions made within the Monte Carlo simulation cash flow analysis will result in adjustments to this liability in future periods.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES 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. On May 17, 2024, the Company’s motion for summary trial was granted. However, the plaintiffs subsequently filed a notice of appeal. On October 4, 2024, the Court issued an order dismissing the plaintiff’s appeal and the Company considers this matter to be concluded. 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. The Company’s motion to dismiss was granted with prejudice on March 18, 2024. However, on April 15, the plaintiffs filed a notice of appeal. The plaintiffs’ appeal has been briefed and is currently pending. As the Company is awaiting a ruling on the appeals process, 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 November 4, 2022, the Company and certain of its directors were named in a derivative action lawsuit filed in the United States District Court for the Eastern District of New York (Bushansky v. Antokol., et al.). The complaint was brought on behalf of the Company by a putative stockholder alleging that the named directors were negligent in their oversight of the preparation of the Company’s Proxy Statement in alleged violation of federal securities laws and that those directors breached their fiduciary duties upon related allegations. The complaint also asserts claims for contribution and indemnification, and aiding and abetting. The complaint seeks, among other things, damages, disgorgement and restitution by the director defendants, and attorneys’ fees and costs. Based upon an agreement of plaintiff, the Company, and the other defendants, on February 13, 2023, the Court stayed this action until the resolution of the motion to dismiss in the class action case of Bar-Asher v. Playtika Holding Corp. When the motion to dismiss in the class action case of Bar-Asher v. Playtika Holding Corp. was granted as discussed above, this action was administratively closed. The Company does not expect this action to move forward until after the appeal of the class action case of Bar-Asher v. Playtika Holding Corp. has been decided. As this stage, 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 vigorously defend this case. 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. A pre-trial hearing was held on May 4, 2023. The parties agreed to appoint a mediator to try and resolve the dispute. The first mediation meeting was held on August 16, 2023 and the second mediation meeting was held on January 7, 2024. The parties agreed upon a settlement which was published for review by certain third parties The Office of the Attorney General filed its position on the settlement on behalf of certain professional authorities noting certain concerns regarding the proposed settlement. A hearing on the settlement has been scheduled for December 15, 2024. The expected range of loss is not material to the Company’s financial statements as a whole. If a mediated resolution is not reached the Company will continue defending this case vigorously. 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 August 18, 2023, defendants filed with the Court motions to dismiss the claims. A hearing on the motions to dismiss was held on November 21, 2023. On January 18, 2024, the court denied Playtika Holding UK II Limited’s motion to dismiss in an oral ruling. The court issued a written opinion on May 3, 2024 granting the motion to dismiss the claims against the Company’s officers. 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 June 7, 2024, the Company received a demand letter from counsel for Scott G. Kormos, one of the plaintiffs in the litigation matter described in the immediately preceding paragraph, 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 the demand, stating its belief that the demand letter fails 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 Mr. Kormos’ counsel regarding the production of materials in relation to the demand. On November 13, 2023, plaintiff Gina v. Burt filed a lawsuit against the Company and its subsidiary, Playtika Ltd., in the Circuit Court of Coffee County, Tennessee, alleging that the Company’s social casino-themed games are unlawful gambling under Tennessee law. The lawsuit seeks to recover all amounts paid by Tennessee residents to the Company in connection with its games during the period beginning one year before the filing of the lawsuit until the case is resolved but excluding any residents who spent $75,000 or more during such time period. After the Company removed the case to the U.S. District Court for the Eastern District of Tennessee, plaintiff filed a motion to remand the case back to the Coffee County Circuit Court which the Company opposed. The Company also filed a motion to dismiss and a motion to compel arbitration. The U.S. District Court for the Eastern District of Tennessee issued an order to remand on September 26, 2024 and the Company has filed a petition to appeal the order. The other motions to dismiss and compel arbitration have been briefed and are currently pending. 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 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 in connection with its games during the period beginning one year before the filing of the lawsuit until the case is resolved. After the Company removed the case to the U.S. District Court for the Northern District of Alabama, plaintiff dismissed the complaint and filed a very similar new complaint in the Circuit Court of Franklin County, Alabama on August 25, 2023. The new complaint asserted the same cause of action and bases for relief, but limited the requested recovery to the amounts paid to the Company in connection with its games only by those Alabama residents who spent less than $75,000 during the one year before the filing of the lawsuit until the case is resolved. The Company timely removed the new complaint to the same U.S. district court on September 28, 2023. On October 20, 2023, the plaintiff filed a motion to remand the case back to the Franklin County Circuit Court which the Company opposed. A hearing on the motion to remand was held on March 20, 2024 and the parties are awaiting a ruling. 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 August 22, 2024, plaintiff Dianne Fuqua filed a lawsuit against the Company and its subsidiary, Playtika Ltd., in the District Court for the Western District of Kentucky, alleging that the Company’s casino-themed social games are unlawful gambling under Kentucky law. The lawsuit seeks to recover three times the amount paid by Kentucky residents to the Company from its games during the period from August 2019 through June 2023 plus interest, costs and any other relief plaintiff is entitled to. The parties are negotiating a schedule for responsive briefing and have agreed, subject to court approval, to a response date of January 31, 2025. 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 paid the deficit notice under protest and filed a claim with the district court on December 12, 2023. The Customs House submitted its statement of defense on April 17, 2024 and the Company submitted its response to the statement of defense on June 16. A pre-trial meeting has been scheduled with the court for November 14, 2024. The Company intends to pursue this case vigorously. On June 1, 2024, the Company received pre-arbitration notices from a law firm purporting to represent 5,264 claimants who have played the Company’s games and intend to file arbitration demands alleging that the Company’s games are unlawful or that they otherwise have suffered harm for which recovery is available. On July 26, 2024, the law firm filed arbitration demands on behalf of 4,549 claimants. On September 13, 2024, the arbitrator requested that the Company waive certain dispute resolution provisions in its terms of service as a condition to its administering the arbitration. The Company declined to waive such provisions and, as a result, the arbitration was closed on October 3, 2024. On September 16, 2024, the Company received pre-arbitration notices from the same law firm purporting to represent an additional 2,560 claimants alleging the same claims as the other claimants. As of the date hereof, the Company lacks adequate information to assess the nature or validity of these claims. As such, the Company cannot estimate what impact, if any, these claims may have on its results of operations, financial condition or cash flows. The Company intends to defend these claims vigorously. On October 17, 2024, the Company received pre-arbitration notices from a different law firm purporting to represent 798 claimants who have played the Company’s games and intend to file arbitration demands alleging that the Company’s games are unlawful and that the claimants made purchases in the Company’s games which were the result of unfair and deceptive practices that violate consumer protection laws. As these claims are in preliminary stages, the Company cannot estimate what impact, if any, they may have on its results of operations, financial condition or cash flows. The Company intends to defend these claims vigorously.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS The following table provides information about disaggregated revenue by geographic location of the Company’s players and type of platform (in millions): Three months ended Nine months ended 2024 2023 2024 2023 Geographic location USA $ 410.9 $ 433.9 $ 1,276.1 $ 1,348.1 EMEA 121.4 107.0 358.8 314.1 APAC 45.2 45.1 131.9 136.0 Other 43.3 44.1 132.2 130.9 Total $ 620.8 $ 630.1 $ 1,899.0 $ 1,929.1 Revenues through third-party platforms and through the Company’s own direct-to-consumer platforms were as follows (in millions): Three months ended Nine months ended 2024 2023 2024 2023 Third-party platforms $ 446.4 $ 469.1 $ 1,379.4 $ 1,451.3 Direct-to-consumer platforms 174.4 161.0 519.6 477.8 Total revenues $ 620.8 $ 630.1 $ 1,899.0 $ 1,929.1 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 30 days after the player transaction. The Company’s right to receive the payments collected by the platform providers or payment processors is recorded as an accounts receivable as the right to receive payment is unconditional. Deferred revenues, which represent a contract liability, represent mostly unrecognized fees billed for virtual items which have not yet been consumed at the balance sheet date. Platform fees paid to platform providers or payment processors and associated with deferred revenues represent a contract asset. Balances of the Company’s contract assets and liabilities are as follows (in millions): September 30, December 31, Accounts receivable $ 159.6 $ 171.5 Contract assets (1) 10.3 12.5 Contract liabilities (2) 38.9 46.0 _______ (1) Contract assets are included within prepaid expenses and other current assets in the Company’s consolidated balance sheets. (2) Contract liabilities are included within accrued expenses and other current liabilities as “deferred revenues” in the Company’s consolidated balance sheets. During the three and nine months ended September 30, 2024, the Company recognized $6.7 million and $40.4 million, respectively, of its contract liabilities that were outstanding as of December 31, 2023. Unsatisfied performance obligations Substantially all of the Company’s unsatisfied performance obligations relate to contracts with an original expected length of one year or less.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company operates its business as one operating segment and one reportable segment. The Company’s long-lived assets, net, by country of domicile are as follows (in millions): September 30, December 31, Israel $ 86.9 $ 94.0 USA 59.7 64.8 Ukraine 16.9 21.8 Other 37.3 39.6 Total long-lived assets, net $ 200.8 $ 220.2

INTEREST AND OTHER, NET

INTEREST AND OTHER, NET	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
INTEREST AND OTHER, NET	INTEREST AND OTHER, NET Interest and other, net are as follows (in millions): Three months ended Nine months ended 2024 2023 2024 2023 Interest expense $ 38.7 $ 39.4 $ 116.6 $ 114.5 Interest income (18.4) (11.9) (45.1) (31.3) Foreign currency translation differences, net 13.0 (2.6) 5.4 (6.8) Other 0.5 0.3 0.5 0.5 Total interest and other, net $ 33.8 $ 25.2 $ 77.4 $ 76.9

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Three months ended Nine months ended (in millions, except tax rate) 2024 2023 2024 2023 Income before income taxes $ 63.7 $ 64.8 $ 258.9 $ 304.7 Provision for income taxes $ 24.4 $ 26.9 $ 80.0 $ 107.0 Effective tax rate 38.3 % 41.5 % 30.9 % 35.1 % The effective tax rates were determined using a worldwide estimated annual effective tax rate and took discrete items into consideration. The difference between the effective tax rate and the 21% U.S. federal statutory rate for the nine months ended September 30, 2024 was primarily due to tax positions that do not meet the more likely than not standard, the inclusion of Global Intangible Low-Taxed Income, and non-deductible stock-based compensation expense, partially offset by a non-recurring favorable impact of reversal of accruals related to undistributed earnings. The difference between the effective tax rate and the 21% U.S. federal statutory rate for the nine months ended September 30, 2023 was primarily due to tax provisions that do not meet the more likely than not standard and the inclusion of Global Intangible Low-Taxed Income.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables show a summary of changes in accumulated other comprehensive income (loss), net of tax, by component for the three and nine months ended September 30, 2024 and 2023 (in millions): Foreign Currency Translation Interest Rate Swaps Foreign Currency Derivative Contracts Total Balance as of January 1, 2024 $ (10.0) $ 27.8 $ 2.8 $ 20.6 Other comprehensive income (loss) before reclassifications (4.0) 14.5 (2.5) 8.0 Amounts reclassified from accumulated other comprehensive income (loss) — (6.2) (0.1) (6.3) Balance as of March 31, 2024 (14.0) 36.1 0.2 22.3 Other comprehensive income (loss) before reclassifications (1.5) 5.1 (3.5) 0.1 Amounts reclassified from accumulated other comprehensive income — (6.3) 1.4 (4.9) Balance as of June 30, 2024 (15.5) 34.9 (1.9) 17.5 Other comprehensive income (loss) before reclassifications 7.4 (15.3) 4.0 (3.9) Amounts reclassified from accumulated other comprehensive income (loss) — (6.1) (0.5) (6.6) Balance as of September 30, 2024 $ (8.1) $ 13.5 $ 1.6 $ 7.0 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 Other comprehensive income (loss) before reclassifications (4.1) 11.9 (6.7) 1.1 Amounts reclassified from accumulated other comprehensive income (loss) — (6.2) 2.1 (4.1) Balance as of September 30, 2023 $ (16.8) $ 50.2 $ (8.9) $ 24.5 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 Nine months ended 2024 2023 2024 2023 Interest rate swaps $ (6.5) $ 1.8 $ (4.3) $ 3.8 Foreign currency derivative contracts 0.7 (0.9) (0.2) (0.9) 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 nine months ended September 30, 2024 and 2023.

NET INCOME ATTRIBUTABLE TO COMM

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS	NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders (in millions, except per share data): Three months ended Nine months ended 2024 2023 2024 2023 Numerator: Net income $ 39.3 $ 37.9 $ 178.9 $ 197.7 Denominator: Weighted-average shares used in computing net income per share attributable to common stockholders, basic 372.2 366.7 371.4 365.8 Stock-based compensation awards 0.3 0.9 0.3 0.5 Weighted-average shares used in computing net income per share attributable to common stockholders, diluted 372.5 367.6 371.7 366.3 Net income per share, basic $ 0.11 $ 0.10 $ 0.48 $ 0.54 Net income per share, diluted $ 0.11 $ 0.10 $ 0.48 $ 0.54 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 Nine months ended 2024 2023 2024 2023 Stock options 1.4 1.8 1.5 2.3 RSUs 12.0 9.9 17.3 10.9 Total 13.4 11.7 18.8 13.2 In addition, 1.5 million PSUs were excluded from the calculation of diluted net income per share for each of the three and nine months ended September 30, 2024 and 2.2 million PSUs were excluded from the calculation of diluted net income per share for each of the three and nine months ended September 30, 2023, because the minimum performance measures were not yet met.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company performed a review for subsequent events through the date of these financial statements. No material items were noted for disclosure.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 39.3	$ 86.6	$ 53	$ 37.9	$ 75.7	$ 84.1	$ 178.9	$ 197.7

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
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)	9 Months Ended
	Sep. 30, 2024
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 proprietary technology tools 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 at 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, 2023 have been applied consistently in these unaudited interim consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been recorded within the accompanying financial statements, consisting of normal, recurring adjustments, and all intercompany balances and transactions have been eliminated in the consolidation. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. 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, 2023, as filed with the SEC on February 26, 2024.
Use of estimates	Use of estimates
Concentration of credit risk and significant customers	Concentration of credit risk and significant customers Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, short-term investments, 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. The Company performs ongoing credit evaluations of its customers.
Accounts receivable	Accounts receivable are recorded at their transaction amounts and do not bear interest. The Company bases its allowance for credit losses on management's best estimate of the amount of probable credit losses in the Company's existing accounts receivable based on historical collection experience and current and expected future economic and market conditions.
Cash and cash equivalents	Cash and cash equivalents consist of cash and highly liquid investments with maturities of three months or less from the date of purchase and are stated at the lower of cost or market value. Cash equivalents include investments in term deposits, commercial papers and money market funds that can be redeemed immediately at the current net asset value.
Short-term investments/ Investment in unconsolidated entities	Investments with maturities of more than three months but less than one year from the date of purchase are included in short-term investments. Such short-term investments include investments in term deposits and commercial papers. The Company classifies investments in debt securities as available-for-sale (“AFS”). AFS debt securities are carried at fair value, with unrealized gains and losses, net of tax, reported in accumulated other comprehensive income (loss) in stockholders’ equity. Realized gains and losses on sale of investments are included in Interest and other, net on the statements of comprehensive income and are derived using the specific identification method for determining the cost of securities sold. The amortized cost of debt securities is adjusted for amortization of premiums and accretion of discounts to maturity. Such amortization together with interest on securities is included in Interest and other, net. Investment in unconsolidated entities The Company holds certain equity investments in various unconsolidated entities that, based upon the structure of the investment, are not within the scope of equity investment accounting that would lead to the consolidation conclusions above. Instead, these investments fall within the scope of ASC 321, Investments - Equity Securities. As permitted within that guidance, the Company has elected to account for these investments at cost less impairment, adjusted for changes in fair value from observable transactions for identical or similar investments of the same issuer as of the respective transaction dates. Due to poor performance of certain of these investments leading to significant uncertainty regarding their future viability, the Company recorded impairments of $29.3 million and $36.3 million related to these certain investments during the three months and nine months ended September 30, 2024, respectively. No change to the carrying amounts were recorded in the three or nine month periods ended September 30, 2023.
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 units 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.
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 Accounting Standards Codification (“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 inception of the hedging relationship and at period end in which it compared the change in the fair value of the swap transaction and the change in fair value of a hypothetical interest rate swap having terms that identically match the terms of the debt's interest rate payments based on 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 the 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 Euros (“EUR”), 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 6, 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
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.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Schedule of Major Accounts Receivable	The following table summarizes the major accounts receivable of the Company as a percentage of the total accounts receivable as of the dates indicated: September 30, December 31, Apple 58% 56% Google 26% 28% Facebook 3% 4%

SHORT-TERM INVESTMENTS (Tables)

SHORT-TERM INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Short-Term Investments	Short-term investments at September 30, 2024 are as follows (in millions): September 30, 2024 Amortized cost Allowance for credit losses Unrealized gains Unrealized losses Commercial papers $ 55.8 $ — $ — $ — Total short-term investments $ 55.8 $ — $ — $ —

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities at September 30, 2024 and December 31, 2023 were as follows (in millions): September 30, December 31, Employees and related expenses $ 114.4 $ 162.5 Accrued expenses 83.3 93.9 Media buy 50.7 54.5 Deferred revenues 38.9 46.0 Dividend payable 37.3 — Tax accruals 32.9 35.4 Contingent consideration 27.4 46.0 Total accrued expenses and other current liabilities $ 384.9 $ 438.3

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	September 30, 2024 December 31, 2023 (in millions, except interest rates) Maturity Interest Book value Face value Book value Term Loan 2028 8.110% $ 1,808.5 $ 1,833.5 $ 1,822.8 Senior Notes 2029 4.250% 594.4 600.0 593.6 Revolving Credit Facility 2026 n/a — — — Total debt 2,402.9 2,433.5 2,416.4 Less: Current portion of long-term debt (11.7) (19.0) (16.8) Long-term debt $ 2,391.2 $ 2,414.5 $ 2,399.6

EQUITY TRANSACTIONS AND STOCK_2

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following table summarizes the Company’s stock option activity during the nine months ended September 30, 2024: Stock Weighted Weighted Options Average Average Intrinsic Outstanding Remaining Exercise Value (in millions) Term (in years) Price (in millions) Outstanding at January 1, 2024 1.7 7.6 $ 17.72 Granted — $ — Exercised — Cancelled (0.4) $ 18.88 Expired — $ — Outstanding at September 30, 2024 1.3 6.9 $ 17.41 $ — Exercisable at September 30, 2024 1.0 6.7 $ 18.67 $ —
Schedule of Assumptions Used for the Options Granted	The table below summarizes the assumptions used for the options granted in the nine months ended September 30, 2023. There were no options granted in the nine months ended September 30, 2024. Nine months ended September 30, 2023 Risk-free interest rate 3.34% - 3.79% Expected dividend yield — Expected term in years 6.1 Expected volatility 52.13% - 52.79%
Schedule of Company’s RSU Activity	The following table summarizes the Company’s RSU activity during the nine months ended September 30, 2024: Weighted Total Fair Average Value of Shares Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2024 21.3 $ 12.24 Granted 1.4 $ 7.26 Vested (2.8) $ 16.70 $ 21.4 Cancelled (3.0) $ 11.61 Outstanding at September 30, 2024 16.9 $ 11.17
Schedule of Company’s PSU Activity	The following table summarizes the Company’s PSU activity during the nine months ended September 30, 2024: Weighted Total Fair Average Value of Shares (1) Grant Date Shares Vested (in millions) Fair Value (in millions) Outstanding at January 1, 2024 2.2 $ 9.72 Granted — $ — Vested * $ 9.72 * Cancelled (0.7) $ 9.72 Outstanding at September 30, 2024 1.5 $ 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. * Represents an amount less than 0.1 or $0.1
Schedule of Stock Based Compensation	The following table summarizes stock-based compensation costs as reported by award type (in millions): Three months ended Nine months ended 2024 2023 2024 2023 Stock options $ 0.7 $ 1.0 $ 2.4 $ 2.4 RSUs 23.5 27.1 73.6 81.1 PSUs — 0.7 (4.1) 1.2 Total stock-based compensation costs $ 24.2 $ 28.8 $ 71.9 $ 84.7
Schedule of Stock Based Compensation, Net of Capitalized, Amount	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 Nine months ended 2024 2023 2024 2023 Research and development expenses $ 7.1 $ 9.6 $ 23.0 $ 28.6 Sales and marketing expenses 1.5 2.3 4.9 7.1 General and administrative expenses 15.0 16.1 42.3 46.8 Total stock-based compensation costs, net of amounts capitalized $ 23.6 $ 28.0 $ 70.2 $ 82.5

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
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 Nine months ended 2024 2023 2024 2023 Derivative instruments - foreign currency derivative contracts $ 46.0 $ 146.8 $ 151.4 $ 240.1 Derivative instruments - interest rate swaps — — — 500.0 Derivative instruments - others (non-hedging) — — — 1.6

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurement of the Long-term Debt	The following table summarizes the fair value measurement of the Company’s long-term debt (in millions): September 30, 2024 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,833.5 $ 1,819.7 Level 2 Senior Notes 600.0 547.5 Level 2 Total debt $ 2,433.5 $ 2,367.2 December 31, 2023 Face Value Fair Value Fair Value Hierarchy Term Loan $ 1,852.5 $ 1,847.9 Level 2 Senior Notes 600.0 525.8 Level 2 Total debt $ 2,452.5 $ 2,373.7
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 September 30, 2024 and December 31, 2023 (in millions): Fair Value at Fair Value Hierarchy September 30, 2024 December 31, 2023 Cash equivalents Money market funds Level 1 $ 477.4 $ 524.4 Term deposits Level 1 319.6 290.3 Commercial papers Level 2 139.9 104.8 Short-term investments Commercial papers Level 2 55.8 — Prepaid expenses and other current assets Derivative instruments - interest rate swaps Level 2 $ 16.8 $ 25.3 Derivative instruments - foreign currency derivative contracts Level 2 3.4 4.3 Other non-current assets Derivative instruments - interest rate swaps Level 2 $ 5.9 $ 15.2 Accrued expenses and other current liabilities Derivative instruments - interest rate swaps Level 2 $ 0.4 $ — Derivative instruments - foreign currency derivative contracts Level 2 $ 1.3 $ 0.9 Other long-term liabilities, including employee related benefits Derivative instruments - interest rate swaps Level 2 $ 4.9 $ 4.4
Schedule of Fair Value of Contingent Consideration Payable	The change in fair value of contingent consideration payable was valued using significant unobservable inputs (Level 3), was included in the general and administrative expenses in the Company’s consolidated statements of comprehensive income and consisted of the following (in millions): Balance as of January 1, 2024 $ 66.8 Fair value adjustments based upon post-acquisition performance (15.9) Balance as of September 30, 2024 $ 50.9

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	9 Months Ended
	Sep. 30, 2024
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 Nine months ended 2024 2023 2024 2023 Geographic location USA $ 410.9 $ 433.9 $ 1,276.1 $ 1,348.1 EMEA 121.4 107.0 358.8 314.1 APAC 45.2 45.1 131.9 136.0 Other 43.3 44.1 132.2 130.9 Total $ 620.8 $ 630.1 $ 1,899.0 $ 1,929.1 Revenues through third-party platforms and through the Company’s own direct-to-consumer platforms were as follows (in millions): Three months ended Nine months ended 2024 2023 2024 2023 Third-party platforms $ 446.4 $ 469.1 $ 1,379.4 $ 1,451.3 Direct-to-consumer platforms 174.4 161.0 519.6 477.8 Total revenues $ 620.8 $ 630.1 $ 1,899.0 $ 1,929.1
Schedule of Contract Assets and Liabilities	Balances of the Company’s contract assets and liabilities are as follows (in millions): September 30, December 31, Accounts receivable $ 159.6 $ 171.5 Contract assets (1) 10.3 12.5 Contract liabilities (2) 38.9 46.0 _______ (1) Contract assets are included within prepaid expenses and other current assets in the Company’s consolidated balance sheets. (2) Contract liabilities are included within accrued expenses and other current liabilities as “deferred revenues” in the Company’s consolidated balance sheets.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2024
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): September 30, December 31, Israel $ 86.9 $ 94.0 USA 59.7 64.8 Ukraine 16.9 21.8 Other 37.3 39.6 Total long-lived assets, net $ 200.8 $ 220.2

INTEREST AND OTHER, NET (Tables

INTEREST AND OTHER, NET (Tables)	9 Months Ended
	Sep. 30, 2024
Other Income and Expenses [Abstract]
Schedule of Interest and Other, Net	Interest and other, net are as follows (in millions): Three months ended Nine months ended 2024 2023 2024 2023 Interest expense $ 38.7 $ 39.4 $ 116.6 $ 114.5 Interest income (18.4) (11.9) (45.1) (31.3) Foreign currency translation differences, net 13.0 (2.6) 5.4 (6.8) Other 0.5 0.3 0.5 0.5 Total interest and other, net $ 33.8 $ 25.2 $ 77.4 $ 76.9

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Three months ended Nine months ended (in millions, except tax rate) 2024 2023 2024 2023 Income before income taxes $ 63.7 $ 64.8 $ 258.9 $ 304.7 Provision for income taxes $ 24.4 $ 26.9 $ 80.0 $ 107.0 Effective tax rate 38.3 % 41.5 % 30.9 % 35.1 %

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables show a summary of changes in accumulated other comprehensive income (loss), net of tax, by component for the three and nine months ended September 30, 2024 and 2023 (in millions): Foreign Currency Translation Interest Rate Swaps Foreign Currency Derivative Contracts Total Balance as of January 1, 2024 $ (10.0) $ 27.8 $ 2.8 $ 20.6 Other comprehensive income (loss) before reclassifications (4.0) 14.5 (2.5) 8.0 Amounts reclassified from accumulated other comprehensive income (loss) — (6.2) (0.1) (6.3) Balance as of March 31, 2024 (14.0) 36.1 0.2 22.3 Other comprehensive income (loss) before reclassifications (1.5) 5.1 (3.5) 0.1 Amounts reclassified from accumulated other comprehensive income — (6.3) 1.4 (4.9) Balance as of June 30, 2024 (15.5) 34.9 (1.9) 17.5 Other comprehensive income (loss) before reclassifications 7.4 (15.3) 4.0 (3.9) Amounts reclassified from accumulated other comprehensive income (loss) — (6.1) (0.5) (6.6) Balance as of September 30, 2024 $ (8.1) $ 13.5 $ 1.6 $ 7.0 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 Other comprehensive income (loss) before reclassifications (4.1) 11.9 (6.7) 1.1 Amounts reclassified from accumulated other comprehensive income (loss) — (6.2) 2.1 (4.1) Balance as of September 30, 2023 $ (16.8) $ 50.2 $ (8.9) $ 24.5 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 Nine months ended 2024 2023 2024 2023 Interest rate swaps $ (6.5) $ 1.8 $ (4.3) $ 3.8 Foreign currency derivative contracts 0.7 (0.9) (0.2) (0.9)

NET INCOME ATTRIBUTABLE TO CO_2

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of 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 Nine months ended 2024 2023 2024 2023 Numerator: Net income $ 39.3 $ 37.9 $ 178.9 $ 197.7 Denominator: Weighted-average shares used in computing net income per share attributable to common stockholders, basic 372.2 366.7 371.4 365.8 Stock-based compensation awards 0.3 0.9 0.3 0.5 Weighted-average shares used in computing net income per share attributable to common stockholders, diluted 372.5 367.6 371.7 366.3 Net income per share, basic $ 0.11 $ 0.10 $ 0.48 $ 0.54 Net income per share, diluted $ 0.11 $ 0.10 $ 0.48 $ 0.54
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 Nine months ended 2024 2023 2024 2023 Stock options 1.4 1.8 1.5 2.3 RSUs 12.0 9.9 17.3 10.9 Total 13.4 11.7 18.8 13.2

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Share Purchase Agreement (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
	Sep. 18, 2024	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 18, 2024	Sep. 14, 2023
Organization and Summary of Significant Accounting Polices [Line Items]
Change in earnout liability			$ 15.9	$ 0
SuperPlay Ltd.
Organization and Summary of Significant Accounting Polices [Line Items]
Cash consideration	$ 700
Maximum earnout payments	$ 1,250
G.S InnPlay Labs
Organization and Summary of Significant Accounting Polices [Line Items]
Maximum earnout payments					$ 170	$ 220
Change in earnout liability		$ 16.2

ORGANIZATION AND SUMMARY OF S_5

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration of Credit Risk and Significant Customers (Details)	9 Months Ended
	Sep. 30, 2024 platform
Accounting Policies [Abstract]
Number of platforms	3

ORGANIZATION AND SUMMARY OF S_6

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Major Accounts Receivable (Details) - Customer Concentration Risk - Accounts Receivable	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Apple
Organization and Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	58%	56%
Google
Organization and Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	26%	28%
Facebook
Organization and Summary of Significant Accounting Policies [Line Items]
Concentration risk percentage	3%	4%

ORGANIZATION AND SUMMARY OF S_7

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Employee Related Benefits (Details) - Retention Pool - 2021-2024 Plan - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Organization and Summary of Significant Accounting Polices [Line Items]
Deferred compensation arrangement with individual, contributions by employer			$ 25
Deferred compensation arrangement with individual, compensation expense	$ 23.9	$ 27.6	$ 70.1	$ 86.5

ORGANIZATION AND SUMMARY OF S_8

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investment in Unconsolidated Entities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
Equity investments, impairments	$ 29.3	$ 0	$ 36.3	$ 0

SHORT-TERM INVESTMENTS (Details

SHORT-TERM INVESTMENTS (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	$ 55.8
Allowance for credit losses	0
Unrealized gains	0
Unrealized losses	0
Short-term investments	55.8	$ 0
Commercial papers
Debt Securities, Available-for-Sale [Line Items]
Amortized cost	55.8
Allowance for credit losses	0
Unrealized gains	0
Unrealized losses	$ 0

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Employees and related expenses	$ 114.4	$ 162.5
Accrued expenses	83.3	93.9
Media buy	50.7	54.5
Deferred revenues	38.9	46
Dividend payable	37.3	0
Tax accruals	32.9	35.4
Contingent consideration	27.4	46
Total accrued expenses and other current liabilities	$ 384.9	$ 438.3

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Mar. 11, 2021
Debt Instrument [Line Items]
Book value	$ 2,402.9	$ 2,416.4
Less: Current portion of long-term debt	(11.7)	(16.8)
Long-term debt	2,391.2	2,399.6
Face value	2,433.5	2,452.5
Face value, Current portion of long-term debt	(19)
Face value, Long-term debt	$ 2,414.5
Term Loan
Debt Instrument [Line Items]
Interest rate	8.11%
Book value	$ 1,808.5	1,822.8
Face value	$ 1,833.5	1,852.5
Senior Notes
Debt Instrument [Line Items]
Interest rate	4.25%		4.25%
Book value	$ 594.4	593.6
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	Sep. 30, 2024	Dec. 31, 2023	Mar. 11, 2021
Debt Instrument [Line Items]
Deferred financing costs	$ 30.6	$ 36.1
Face value	2,433.5	2,452.5
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	0.83
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
First-priority net senior secured leverage ratio covenant	6.25
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 ($)			3 Months Ended				9 Months Ended
	Oct. 04, 2024	Jul. 05, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	May 09, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)			47,633,739				47,633,739
Number of shares available for grant (in shares)			15,767,918				15,767,918
Cash dividend paid (in dollars per share)		$ 0.10		$ 0.10
Cash dividend declared (in dollars per share)			$ 0.10	$ 0.10	$ 0.10
Dividend payable			$ 37,300,000				$ 37,300,000			$ 0
Share repurchase program, authorized, amount									$ 150,000,000
Capitalization of stock-based compensation costs			600,000			$ 800,000	1,700,000	$ 2,200,000
Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash dividend paid (in dollars per share)	$ 0.10
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expenses			0				$ 0
PSUs | Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage							100%
PSUs | Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage							100%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expenses			2,200,000				$ 2,200,000
Weighted average period							1 year 3 months 18 days
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expenses			$ 149,600,000				$ 149,600,000
Weighted average period							2 years 9 months 18 days

EQUITY TRANSACTIONS AND STOCK_4

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Stock Options Outstanding
Outstanding beginning balance (in shares)	1,700,000
Granted (in shares)	0
Exercised (in shares)	0
Cancelled (in shares)	(400,000)
Expired (in shares)	0
Outstanding ending balance (in shares)	1,300,000	1,700,000
Exercisable at ending balance (in shares)	1,000,000
Weighted average remaining term, Outstanding	6 years 10 months 24 days	7 years 7 months 6 days
Weighted average remaining term, Exercisable	6 years 8 months 12 days
Weighted Average Exercise Price
Outstanding at beginning balance (in dollars per share)	$ 17.72
Granted (in dollars per share)	0
Cancelled (in dollars per share)	18.88
Expired (in dollars per share)	0
Outstanding at ending balance (in dollars per share)	17.41	$ 17.72
Weighted Average Exercise Price, Exercisable (in dollars per share)	$ 18.67
Stock options, outstanding intrinsic value (dollars)	$ 0
Intrinsic Value, Exercisable	$ 0

EQUITY TRANSACTIONS AND STOCK_5

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Schedule of Assumptions Used for the Options Granted (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	0
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate, minimum		3.34%
Risk-free interest rate, maximum		3.79%
Expected dividend yield		$ 0
Expected term in years		6 years 1 month 6 days
Expected volatility, minimum		52.13%
Expected volatility, maximum		52.79%

EQUITY TRANSACTIONS AND STOCK_6

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Schedule of RSUs and PSUs Activity (Details) $ / shares in Units, shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares
RSUs
Shares
Beginning balance (in shares) | shares	21.3
Granted (in shares) | shares	1.4
Vested (less than or equal to for PSUs) (in shares) | shares	(2.8)
Cancelled (in shares) | shares	(3)
Ending balance (in shares) | shares	16.9
Weighted Average Grant Date Fair Value
Outstanding at beginning balance (in dollars per share) | $ / shares	$ 12.24
Granted (in dollars per share) | $ / shares	7.26
Vested (in dollars per share) | $ / shares	16.70
Cancelled (in dollars per share) | $ / shares	11.61
Outstanding at ending balance (in dollars per share) | $ / shares	$ 11.17
Total fair value of shares vested (less than or equal to for PSUs) | $	$ 21.4
PSUs
Shares
Beginning balance (in shares) | shares	2.2
Granted (in shares) | shares	0
Vested (less than or equal to for PSUs) (in shares) | shares	(0.1)
Cancelled (in shares) | shares	(0.7)
Ending balance (in shares) | shares	1.5
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
Cancelled (in dollars per share) | $ / shares	9.72
Outstanding at ending balance (in dollars per share) | $ / shares	$ 9.72
Total fair value of shares vested (less than or equal to for PSUs) | $	$ 0.1

EQUITY TRANSACTIONS AND STOCK_7

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Schedule of Stock Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs	$ 24.2	$ 28.8	$ 71.9	$ 84.7
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs	0.7	1	2.4	2.4
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs	23.5	27.1	73.6	81.1
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs	$ 0	$ 0.7	$ (4.1)	$ 1.2

EQUITY TRANSACTIONS AND STOCK_8

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN - Schedule of Stock Based Compensation, Net of Capitalized, Amount (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs, net of amounts capitalized	$ 23.6	$ 28	$ 70.2	$ 82.5
Research and development expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs, net of amounts capitalized	7.1	9.6	23	28.6
Sales and marketing expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs, net of amounts capitalized	1.5	2.3	4.9	7.1
General and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation costs, net of amounts capitalized	$ 15	$ 16.1	$ 42.3	$ 46.8

DERIVATIVE INSTRUMENTS - Narrat

DERIVATIVE INSTRUMENTS - Narrative (Details) $ in Millions	Sep. 30, 2024 USD ($)	Jul. 31, 2023	Jun. 30, 2023 derivative_instrument	Jan. 31, 2023 USD ($) 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
Notional value				$ 250
Fixed interest rate		0.85%
Derivative instrument, basis spread on variable rate, period				6 months
Derivative asset, net	$ 17.4
Interest rate swap one
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value					$ 250
Fixed interest rate				3.435%	0.9275%
Interest rate swap two
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional value					$ 250
Fixed interest rate				3.435%	0.9275%
Foreign currency hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Approximate amount of hedges	$ 200.4
Derivative maturity	12 months
Net derivative	$ 2.1

DERIVATIVE INSTRUMENTS - Schedu

DERIVATIVE INSTRUMENTS - Schedule of Derivative Instrument Activity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Designated as Hedging Instrument | Foreign currency derivative contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative instruments	$ 46	$ 146.8	$ 151.4	$ 240.1
Designated as Hedging Instrument | Derivative instruments - interest rate swaps
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative instruments	0	0	0	500
Not Designated as Hedging Instrument | Derivative instruments - others (non-hedging)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative instruments	$ 0	$ 0	$ 0	$ 1.6

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Fair Value Measurement of the Long-term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Face Value	$ 2,433.5	$ 2,452.5
Fair Value	2,367.2	2,373.7
Term Loan
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Face Value	1,833.5	1,852.5
Term Loan | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	1,819.7	1,847.9
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	$ 547.5	$ 525.8

FAIR VALUE MEASUREMENTS - Sch_2

FAIR VALUE MEASUREMENTS - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Short-term investments	$ 55.8	$ 0
Money market funds | Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash equivalents	477.4	524.4
Term deposits | Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash equivalents	319.6	290.3
Commercial papers | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash equivalents	139.9	104.8
Short-term investments	$ 55.8	$ 0
Interest rate swaps
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative Asset, 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
Interest rate swaps | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Prepaid expenses and other current assets	$ 16.8	$ 25.3
Other non-current assets	5.9	15.2
Accrued expenses and other current liabilities	0.4	0
Other long-term liabilities, including employee related benefits	$ 4.9	$ 4.4
Foreign currency derivative contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Foreign currency derivative contracts | Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Prepaid expenses and other current assets	$ 3.4	$ 4.3
Accrued expenses and other current liabilities	$ 1.3	$ 0.9

FAIR VALUE MEASUREMENTS - Sch_3

FAIR VALUE MEASUREMENTS - Schedule of Fair Value of Contingent Consideration Payable (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Business Combination, Contingent Consideration [Roll Forward]
Fair value adjustments based upon post-acquisition performance	$ (15.9)	$ 0
Level 3
Business Combination, Contingent Consideration [Roll Forward]
Beginning balance	66.8
Fair value adjustments based upon post-acquisition performance	(15.9)
Ending balance	$ 50.9

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands, ₪ in Millions	Oct. 17, 2024 claimant	Sep. 16, 2024 claimant	Jul. 26, 2024 claimant	Jun. 01, 2024 claimant	Nov. 13, 2023 USD ($)	Aug. 25, 2023 USD ($)	Mar. 08, 2023	May 17, 2022 ILS (₪)	Aug. 22, 2024	Jul. 26, 2023 USD ($)
Guy David Ben Yosef vs. Playtika Group Israel Ltd
Loss Contingencies [Line Items]
Exposure period								7 years
Net income stock damages | ₪								₪ 50
Gina v. Burt vs Playtika Ltd.
Loss Contingencies [Line Items]
Lawsuit recover during the period					1 year
Lawsuit coverage					$ 75
Gayla Hamilton Mills vs. Playtika Ltd.
Loss Contingencies [Line Items]
Lawsuit recover during the period						1 year	1 year
Lawsuit coverage						$ 75
Deficit Notice From Ben Gurion Airport Customs House
Loss Contingencies [Line Items]
Accrued loss contingency										$ 3,600
Pre-arbitration Notice For Unlawful Games
Loss Contingencies [Line Items]
Number of claims | claimant		2,560	4,549	5,264
Pre-arbitration Notice For Unlawful Games | Subsequent Event
Loss Contingencies [Line Items]
Number of claims | claimant	798
Dianne Fuqua Lawsuit
Loss Contingencies [Line Items]
Damages sought, multiplier									3

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 620.8	$ 630.1	$ 1,899	$ 1,929.1
Third-party platforms
Disaggregation of Revenue [Line Items]
Revenues	446.4	469.1	1,379.4	1,451.3
Direct-to-consumer platforms
Disaggregation of Revenue [Line Items]
Revenues	174.4	161	519.6	477.8
USA
Disaggregation of Revenue [Line Items]
Revenues	410.9	433.9	1,276.1	1,348.1
EMEA
Disaggregation of Revenue [Line Items]
Revenues	121.4	107	358.8	314.1
APAC
Disaggregation of Revenue [Line Items]
Revenues	45.2	45.1	131.9	136
Other
Disaggregation of Revenue [Line Items]
Revenues	$ 43.3	$ 44.1	$ 132.2	$ 130.9

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Contract receivable collection period		30 days
Contract liabilities recognized	$ 6.7	$ 40.4

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS - Schedule of Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 159.6	$ 171.5
Contract assets	10.3	12.5
Contract liabilities	$ 38.9	$ 46

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	9 Months Ended
	Sep. 30, 2024 segment
Segment Reporting [Abstract]
Number of operating segments	1
Number of reportable segments	1

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Long-Lived Assets By Country of Domicile (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total long-lived assets, net	$ 200.8	$ 220.2
Israel
Segment Reporting Information [Line Items]
Total long-lived assets, net	86.9	94
USA
Segment Reporting Information [Line Items]
Total long-lived assets, net	59.7	64.8
Ukraine
Segment Reporting Information [Line Items]
Total long-lived assets, net	16.9	21.8
Other
Segment Reporting Information [Line Items]
Total long-lived assets, net	$ 37.3	$ 39.6

INTEREST AND OTHER, NET (Detail

INTEREST AND OTHER, NET (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Interest expense	$ 38.7	$ 39.4	$ 116.6	$ 114.5
Interest income	(18.4)	(11.9)	(45.1)	(31.3)
Foreign currency translation differences, net	13	(2.6)	5.4	(6.8)
Other	0.5	0.3	0.5	0.5
Total interest and other, net	$ 33.8	$ 25.2	$ 77.4	$ 76.9

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income before income taxes	$ 63.7	$ 64.8	$ 258.9	$ 304.7
Provision for income taxes	$ 24.4	$ 26.9	$ 80	$ 107
Effective tax rate	38.30%	41.50%	30.90%	35.10%

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (112.9)	$ (180.4)	$ (221.5)	$ (344.9)	$ (460.7)	$ (568.6)
Other comprehensive income (loss) before reclassifications	(3.9)	0.1	8	1.1	17.9	(2.9)
Amounts reclassified from accumulated other comprehensive income (loss)	(6.6)	(4.9)	(6.3)	(4.1)	(3.3)	(1.8)
Ending balance	(98)	(112.9)	(180.4)	(281.9)	(344.9)	(460.7)
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	17.5	22.3	20.6	27.5	12.9	17.6
Ending balance	7	17.5	22.3	24.5	27.5	12.9
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(15.5)	(14)	(10)	(12.7)	(12.5)	(15.6)
Other comprehensive income (loss) before reclassifications	7.4	(1.5)	(4)	(4.1)	(0.2)	3.1
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0	0	0
Ending balance	(8.1)	(15.5)	(14)	(16.8)	(12.7)	(12.5)
Derivative Contracts | Interest Rate Swaps
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	34.9	36.1	27.8	44.5	29.5	37.7
Other comprehensive income (loss) before reclassifications	(15.3)	5.1	14.5	11.9	20.5	(4)
Amounts reclassified from accumulated other comprehensive income (loss)	(6.1)	(6.3)	(6.2)	(6.2)	(5.5)	(4.2)
Ending balance	13.5	34.9	36.1	50.2	44.5	29.5
Derivative Contracts | Foreign Currency Derivative Contracts
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1.9)	0.2	2.8	(4.3)	(4.1)	(4.5)
Other comprehensive income (loss) before reclassifications	4	(3.5)	(2.5)	(6.7)	(2.4)	(2)
Amounts reclassified from accumulated other comprehensive income (loss)	(0.5)	1.4	(0.1)	2.1	2.2	2.4
Ending balance	$ 1.6	$ (1.9)	$ 0.2	$ (8.9)	$ (4.3)	$ (4.1)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Accumulated Other Comprehensive Income (Loss), Net of Tax Expense/(Benefits) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest rate swaps
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax expense (benefit)	$ (6.5)	$ 1.8	$ (4.3)	$ 3.8
Foreign currency derivative contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax expense (benefit)	$ 0.7	$ (0.9)	$ (0.2)	$ (0.9)

NET INCOME ATTRIBUTABLE TO CO_3

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS - Schedule of Computation of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income	$ 39.3	$ 86.6	$ 53	$ 37.9	$ 75.7	$ 84.1	$ 178.9	$ 197.7
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	372.2			366.7			371.4	365.8
Stock-based compensation awards (in shares)	0.3			0.9			0.3	0.5
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	372.5			367.6			371.7	366.3
Net income per share, basic (in dollars per share)	$ 0.11			$ 0.10			$ 0.48	$ 0.54
Net income per share, diluted (in dollars per share)	$ 0.11			$ 0.10			$ 0.48	$ 0.54

NET INCOME ATTRIBUTABLE TO CO_4

NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share (in shares)	13.4	11.7	18.8	13.2
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share (in shares)	1.4	1.8	1.5	2.3
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share (in shares)	12	9.9	17.3	10.9
PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from computation of earnings per share (in shares)	1.5	2.2	1.5	2.2