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EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN
 6 Months Ended
Jun. 30, 2025
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 June 30, 2025, a total of 61,411,981 shares of the Company’s common stock had been allocated to awards granted under the Plan and 14,169,074 shares remained available for future grants.

Cash dividend

On May 8, 2025, the Board of Directors of the Company declared a cash dividend of $0.10 per share of the Company’s outstanding common stock payable on July 7, 2025 to stockholders of record as of the close of business on June 23, 2025. The dividend amount of $37.6 million is recorded in accrued expenses and other current liabilities at June 30, 2025.

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 may be suspended or discontinued at any time at the Company’s discretion. During the three months ended June 30, 2025, the Company repurchased and retired approximately 1.2 million shares of its common stock at an average cost of $4.92 per share. As of June 30, 2025, $138.3 million remains available under the Company’s stock repurchase program.
Stock options

The following table summarizes the Company’s stock option activity during the six months ended June 30, 2025:

StockWeightedWeighted
OptionsAverageAverageIntrinsic
OutstandingRemainingExerciseValue
(in millions)Term (in years)Price(in millions)
Outstanding at January 1, 2025
1.3 6.7$17.42 
Granted— $— 
Exercised— 
Cancelled(0.1)$18.64 
Expired— $— 
Outstanding at June 30, 2025
1.2 6.2$17.34 $— 
Exercisable at June 30, 2025
1.1 6.1$18.11 $— 

The Company used the Black-Scholes option pricing model to estimate the grant-date fair value associated with all employee stock options. There were no options granted in the six months ended June 30, 2025 or 2024.

RSUs

The following table summarizes the Company’s RSU activity during the six months ended June 30, 2025:
WeightedTotal Fair
AverageValue of
SharesGrant DateShares Vested
(in millions)Fair Value(in millions)
Outstanding at January 1, 2025
19.6 $8.70 
Granted
1.5 $5.91 
Vested
(3.3)$10.67 $16.8 
Cancelled
(1.7)$8.94 
Outstanding at June 30, 2025
16.1 $8.02 

The Company estimates the fair value of RSUs and PSUs with a service condition or performance condition using the value of its common stock on the date of grant, reduced by the present value of dividends expected to be paid on its shares of common stock prior to vesting. The table below summarizes the assumptions used for the RSUs granted during the six months ended June 30, 2025 and 2024:
Six months ended June 30,
20252024
Risk-free interest rate
3.70% - 4.22%
4.11% - 4.57%
Expected dividend yield
5.42% - 7.37%
5.16% - 5.51%
Expected term in years
2.8 - 3.1
3.1 - 3.6
Expected volatility
49.39% - 51.08%
49.71% - 50.56%
PSUs

The following table summarizes the Company’s PSU activity during the six months ended June 30, 2025:
WeightedTotal Fair
AverageValue of
Shares(1)
Grant DateShares Vested
(in millions)Fair Value(in millions)
Outstanding at January 1, 2025
10.9 $5.33 
Granted
— $— 
Vested
*$9.72 *
Cancelled
(0.6)$9.72 
Outstanding at June 30, 2025
10.3 $5.10 
________
(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
June 30,		Six months ended
June 30,
2025202420252024
Stock options$0.3 $0.9 $0.6 $1.7 
RSUs14.0 24.2 29.0 50.1 
PSUs3.4 (1.6)13.9 (4.1)
Total stock-based compensation costs$17.7 $23.5 $43.5 $47.7 

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
June 30,		Six months ended
June 30,
2025202420252024
Research and development expenses$4.3 $7.8 $8.8 $15.9 
Sales and marketing expenses0.7 1.6 1.5 3.4 
General and administrative expenses12.5 13.5 32.7 27.3 
Total stock-based compensation costs, net of amounts capitalized$17.5 $22.9 $43.0 $46.6 

The Company capitalized stock-based compensation of $0.2 million and $0.6 million during the three months ended June 30, 2025 and 2024, respectively, and $0.5 million and $1.1 million during the six months ended June 30, 2025 and 2024, respectively.
As of June 30, 2025, the Company’s total unrecognized stock-based compensation expenses related to stock options, RSUs and PSUs was approximately $0.8 million, $121.8 million and $29.2 million, respectively. The expense related to stock options, RSUs and PSUs are expected to be recognized over a weighted average period of 1.2 years, 2.7 years and 1.6 years, respectively.