What the bad jobs report means for markets
Playtika Holding Corp (NASDAQ:PLTK)., listed on The Nasdaq Stock Market under the ticker NASDAQ:PLTK, operates within the computer processing and data preparation services industry. The company has not provided additional comments on the rationale behind the adjustments beyond what was disclosed in the SEC filing.
The information contained in this article is based on a press release statement from the company. Notable for investors, Playtika offers a significant dividend yield of 5.82% and trades at a P/E ratio of 11.95. InvestingPro subscribers can access additional insights, including 8 more ProTips and detailed valuation metrics. Notable for investors, Playtika offers a significant dividend yield of 5.82% and trades at a P/E ratio of 11.95. InvestingPro subscribers can access additional insights, including 8 more ProTips and detailed valuation metrics.
The changes come as the company's 2021-2024 Retention Plan is set to conclude at the end of December 2024. The filing revealed that Robert Antokol had previously agreed to a reduced base salary of $17,146, in compliance with the minimum required for his position under Israeli law. This arrangement will continue through December 31, 2024. Starting January 1, 2025, Antokol's base salary will increase to $1,980,000, while his target annual bonus opportunity will be reduced from $3,500,000 to $1,980,000.
Similarly, Craig Abrahams will see his base salary go up from $350,000 to $1,150,000, with his target annual bonus opportunity decreasing from $2,000,000 to $1,150,000. Michael Cohen's base salary will be raised from $385,000 to $875,000, and his target bonus will also be reduced from $1,100,000 to $875,000, effective January 1, 2025.
Playtika Holding Corp., listed on The Nasdaq Stock Market under the ticker NASDAQ:PLTK, operates within the computer processing and data preparation services industry. The company has not provided additional comments on the rationale behind the adjustments beyond what was disclosed in the SEC filing. The information contained in this article is based on a press release statement from the company.
In other recent news, Playtika Holding Corp. has reported mixed results in their Q3 earnings, with revenues reaching $620.8 million and a significant drop in net income to $39.3 million. Despite some underperforming titles, the Direct-to-Consumer (DTC) segment showed growth, generating $174.4 million in revenue. In a strategic move, Playtika announced the completion of its acquisition of SuperPlay, a mobile gaming company known for successful titles Dice Dreams and Domino Dreams.
This acquisition, which includes two additional games in development, is expected to drive significant growth for Playtika by enhancing its game portfolio. The integration of SuperPlay's expertise in production value, marketing, and analytics is seen as a potential catalyst for future innovations within Playtika's game development.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.