Shares of Playtika Holding Corp. PLTK, -24.73% are off 16% in premarket trading Wednesday after the mobile-gaming company fell short with its third-quarter results and delivered an outlook that came in below the consensus forecast. The company generated net income of $80.5 million, or 20 cents a share, down from $119.9 million, or 31 cents a share, in the year-prior quarter. The FactSet consensus was for 26 cents a share. Playtika’s revenue increased to $635.9 million from $613.3 million, whereas analysts tracked by FactSet were anticipating $664.6 million. For the full year, Playtika expects revenue of $2.57 billion and adjusted earnings before interest, taxes, depreciation, and amortization (Ebitda) of $980 million. The FactSet consensus is for $2.65 billion in full-year revenue and $1.03 billion in adjusted Ebitda. Playtika shares have added 34% over the past three months as the S&P 500 SPX, -0.15% has increased about 5%.
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