Playtika Holding Corp. (PLTK) is a significant player in the mobile gaming market, recognized for its casual and social casino-themed games, and its shares recently closed at $6.90.

Analysts forecast that PLTK's revenue for the first quarter of fiscal 2025 will reach approximately $652.68 million, with an expected earnings per share (EPS) of $0.18, indicating a notable year-over-year increase.

For the full fiscal year ending December 2025, PLTK's revenue is projected to rise 4.3% to $2.62 billion, while its EPS is expected to increase by 10.8% to $0.74.

PLTK boasts a gross profit margin of 72.65%, significantly higher than the industry average of 52.60%, which highlights its strong profitability.

Given PLTK's robust fundamentals and growth potential, it may be an opportune time for investors to consider adding the stock to their portfolios.

The company's forward non-GAAP P/E ratio stands at 7.01x, which is 47.9% lower than the industry average, suggesting that the stock is undervalued and presents potential upside for investors.

In December 2024, PLTK announced a partnership with International Game Technology PLC (IGT) to integrate popular slot themes into its social casino games, aiming to enhance consumer engagement.

On November 20, 2024, PLTK expanded its portfolio by acquiring SuperPlay, a mobile gaming company known for popular games like Dice Dreams and Domino Dreams.

The global mobile gaming market is experiencing rapid growth, driven by rising smartphone ownership, with 91% of American citizens owning a smartphone according to Pew Research Center.

The mobile gaming market is projected to reach $342.33 billion by 2034, growing at a compound annual growth rate (CAGR) of 13.1%.

In the fiscal third quarter ending September 30, 2024, PLTK reported revenues of $620.80 million and net income of $39.30 million, reflecting year-over-year increases in both metrics.

Despite its positive outlook, PLTK's year-to-date performance has seen a slight decline of -0.58%, contrasting with a 0.58% rise in the S&P 500 index during the same period.