Playtika Holding Corp. (PLTK) experienced a pre-market plunge of 5.11% on Thursday, following the company's disappointing fourth-quarter earnings results.
The mobile game developer reported a net loss of $16.7 million, or $0.04 per share, for the fourth quarter of 2024. This fell short of analysts' expectations, which had projected earnings of $0.18 per share.
While Playtika's revenue of $650.3 million for the quarter beat Wall Street forecasts, the company's weaker-than-expected bottom-line performance appears to have weighed on investor sentiment, leading to the pre-market sell-off in its shares.
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