Robbins Geller Rudman & Dowd LLP Announces that Playtika Holdings Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

SAN DIEGO, November 30, 2021 (GLOBE NEWSWIRE) – Robbins Geller Rudman & Dowd LLP announces that buyers or acquirers of securities in Playtika Holding Corp. (NASDAQ: PLTK): (a) as determined by and / or traceable to Playtika’s initial public offering on or about January 15, 2021 (the “IPO”); or (b) have between January 15, 2021 and November 2, 2021, inclusive (the “Filing Period”) through January 24, 2022 to submit the Bar-Asher v. Playtika Holding Corp. No. 21- apply. cv-06571 (EDNY). The Playtika class action lawsuit, commenced on November 23, 2021 and assigned to Judge Rachel P. Kovner, charges Playtika and some of its officers and directors with violations of the Securities Act of 1933 and / or the Securities Exchange Act of 1934.

If you have suffered significant losses and are the Playtika Class action, please Provide your information by clicking here. You can also contact a lawyer JC Sanchez from Robbins Geller by phone at 800 / 449-4900 or by email at [email protected]. Main plaintiff motions for the Playtika The class action lawsuit must be filed with the court no later than January 24, 2022.

CASE ALLEGATIONS: Playtika develops mobile games. According to the offering documents of the initial public offering, Playtika has issued over 18.5 million shares of common stock to Playtika at a price of $ 27 per share for approximately $ 480 million before costs.

The Playtika class action alleges that the offer documents and defendants made false and misleading statements during the class action period and failed to disclose: (i) Playtika’s total costs and expenses related to sales and marketing and research and development were on track until the third To increase significantly in the first quarter of 2021; (ii) the success of the Playtika games portfolio has been less sustained than Playtika has portrayed; (iii) the above issues would likely have a negative impact on Playtika’s sales and earnings; and (iv) as a result, Playtika’s public statements at all relevant times have been materially false and misleading.

The story goes on

On May 11, 2021, Playtika announced its financial results for the first quarter of 2021, which fell below generally accepted accounting standards, resulting in a decline in Playtika’s share price.

Then, on November 3, 2021, Playtika announced its financial results for the third quarter of 2021, which again fell short of consensus revenue and EPS estimates. On the same day, Playtika’s CEO, Defendant Robert Antokol, and CFO, Defendant Craig Abrahams, revealed in a conference call with investors and analysts that two of the games in Playtika’s portfolio had disappointing revenues for the quarter. As a result of this news, Playtika’s share price fell more than 23%, which continued to hurt investors.

At the time the Playtika class action lawsuit was initiated, Playtika’s common stock continues to trade below its IPO price.

THE LEAD APPLICANT PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who has purchased Playtika securities: (a) in accordance with and / or traceable to Playtika’s initial public offering; or (b) during the class action period to seek appointment as the lead plaintiff in the Playtika class action. A lead plaintiff is usually the applicant with the greatest financial interest in the legal protection sought by the alleged class, which is also typical and appropriate for the alleged class. A lead plaintiff is acting on behalf of all the other group members directing the Playtika class action lawsuit. The lead plaintiff can choose a law firm of their choice to bring the Playtika class action lawsuit. An investor’s ability to participate in a possible future recovery of the Playtika class action lawsuit does not depend on serving as the lead plaintiff.

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 attorneys in 9 offices across the country, Robbins Geller Rudman & Dowd LLP is the largest US law firm serving investors in securities class actions. Robbins Geller’s attorneys have won many of the largest shareholder recoveries in history, including the largest securities class action of all time – $ 7.2 billion – in In re Enron Corp. Sec. Lit. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for getting $ 1.6 billion back for investors last year, more than double the amount paid by any other securities plaintiff firm was drafted. More information is available at http://www.rgrdlaw.com.

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Contact:

Robbins Geller Rudman & Dowd LLP

655 W. Broadway, San Diego, CA 92101

JC Sanchez, 800-449-4900

[email protected]

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