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Side-by-side financial comparison of Playtika Holding Corp. (PLTK) and StubHub Holdings, Inc. (STUB). Click either name above to swap in a different company.

Playtika Holding Corp. is the larger business by last-quarter revenue ($678.8M vs $468.1M, roughly 1.5× StubHub Holdings, Inc.). Playtika Holding Corp. runs the higher net margin — -45.6% vs -276.6%, a 231.0% gap on every dollar of revenue. On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 4.4%). Playtika Holding Corp. produced more free cash flow last quarter ($275.2M vs $180.3M).

Playtika Holding Corp. is an Israeli digital entertainment company specializing in the development and publication of mobile games. In 2021, Playtika had over 35 million monthly active users.

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

PLTK vs STUB — Head-to-Head

Bigger by revenue
PLTK
PLTK
1.5× larger
PLTK
$678.8M
$468.1M
STUB
Growing faster (revenue YoY)
STUB
STUB
+3.5% gap
STUB
7.9%
4.4%
PLTK
Higher net margin
PLTK
PLTK
231.0% more per $
PLTK
-45.6%
-276.6%
STUB
More free cash flow
PLTK
PLTK
$94.9M more FCF
PLTK
$275.2M
$180.3M
STUB

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PLTK
PLTK
STUB
STUB
Revenue
$678.8M
$468.1M
Net Profit
$-309.3M
$-1.3B
Gross Margin
72.5%
Operating Margin
-41.4%
-292.3%
Net Margin
-45.6%
-276.6%
Revenue YoY
4.4%
7.9%
Net Profit YoY
-1752.1%
-3821.6%
EPS (diluted)
$-0.83
$-4.27

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PLTK
PLTK
STUB
STUB
Q4 25
$678.8M
Q3 25
$674.6M
$468.1M
Q2 25
$696.0M
Q1 25
$706.0M
Q4 24
$650.3M
Q3 24
$620.8M
$433.8M
Q2 24
$627.0M
Q1 24
$651.2M
Net Profit
PLTK
PLTK
STUB
STUB
Q4 25
$-309.3M
Q3 25
$39.1M
$-1.3B
Q2 25
$33.2M
Q1 25
$30.6M
Q4 24
$-16.7M
Q3 24
$39.3M
$-33.0M
Q2 24
$86.6M
Q1 24
$53.0M
Gross Margin
PLTK
PLTK
STUB
STUB
Q4 25
72.5%
Q3 25
73.6%
Q2 25
71.9%
Q1 25
72.0%
Q4 24
72.5%
Q3 24
72.9%
Q2 24
73.2%
Q1 24
72.8%
Operating Margin
PLTK
PLTK
STUB
STUB
Q4 25
-41.4%
Q3 25
14.6%
-292.3%
Q2 25
15.8%
Q1 25
9.6%
Q4 24
8.5%
Q3 24
15.7%
2.8%
Q2 24
22.4%
Q1 24
15.1%
Net Margin
PLTK
PLTK
STUB
STUB
Q4 25
-45.6%
Q3 25
5.8%
-276.6%
Q2 25
4.8%
Q1 25
4.3%
Q4 24
-2.6%
Q3 24
6.3%
-7.6%
Q2 24
13.8%
Q1 24
8.1%
EPS (diluted)
PLTK
PLTK
STUB
STUB
Q4 25
$-0.83
Q3 25
$0.11
$-4.27
Q2 25
$0.09
Q1 25
$0.08
Q4 24
$-0.04
Q3 24
$0.11
$-0.15
Q2 24
$0.23
Q1 24
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PLTK
PLTK
STUB
STUB
Cash + ST InvestmentsLiquidity on hand
$684.2M
$1.4B
Total DebtLower is stronger
$2.4B
$1.7B
Stockholders' EquityBook value
$-411.4M
$1.7B
Total Assets
$3.7B
$5.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLTK
PLTK
STUB
STUB
Q4 25
$684.2M
Q3 25
$587.9M
$1.4B
Q2 25
$500.9M
Q1 25
$434.8M
Q4 24
$565.8M
Q3 24
$1.1B
$1.1B
Q2 24
$710.3M
Q1 24
$1.0B
Total Debt
PLTK
PLTK
STUB
STUB
Q4 25
$2.4B
Q3 25
$2.4B
$1.7B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Stockholders' Equity
PLTK
PLTK
STUB
STUB
Q4 25
$-411.4M
Q3 25
$-74.8M
$1.7B
Q2 25
$-87.8M
Q1 25
$-117.2M
Q4 24
$-131.1M
Q3 24
$-98.0M
$815.9M
Q2 24
$-112.9M
Q1 24
$-180.4M
Total Assets
PLTK
PLTK
STUB
STUB
Q4 25
$3.7B
Q3 25
$3.7B
$5.6B
Q2 25
$3.6B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
$3.2B
Q2 24
$3.2B
Q1 24
$3.1B
Debt / Equity
PLTK
PLTK
STUB
STUB
Q4 25
Q3 25
0.98×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PLTK
PLTK
STUB
STUB
Operating Cash FlowLast quarter
$285.9M
$181.4M
Free Cash FlowOCF − Capex
$275.2M
$180.3M
FCF MarginFCF / Revenue
40.5%
38.5%
Capex IntensityCapex / Revenue
1.6%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$531.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLTK
PLTK
STUB
STUB
Q4 25
$285.9M
Q3 25
$116.9M
$181.4M
Q2 25
$146.1M
Q1 25
$18.8M
Q4 24
$153.1M
Q3 24
$156.9M
Q2 24
$150.5M
Q1 24
$29.6M
Free Cash Flow
PLTK
PLTK
STUB
STUB
Q4 25
$275.2M
Q3 25
$106.5M
$180.3M
Q2 25
$141.3M
Q1 25
$8.4M
Q4 24
$140.3M
Q3 24
$152.1M
Q2 24
$141.2M
Q1 24
$15.6M
FCF Margin
PLTK
PLTK
STUB
STUB
Q4 25
40.5%
Q3 25
15.8%
38.5%
Q2 25
20.3%
Q1 25
1.2%
Q4 24
21.6%
Q3 24
24.5%
Q2 24
22.5%
Q1 24
2.4%
Capex Intensity
PLTK
PLTK
STUB
STUB
Q4 25
1.6%
Q3 25
1.5%
0.2%
Q2 25
0.7%
Q1 25
1.5%
Q4 24
2.0%
Q3 24
0.8%
Q2 24
1.5%
Q1 24
2.1%
Cash Conversion
PLTK
PLTK
STUB
STUB
Q4 25
Q3 25
2.99×
Q2 25
4.40×
Q1 25
0.61×
Q4 24
Q3 24
3.99×
Q2 24
1.74×
Q1 24
0.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PLTK
PLTK

Third Party Platform$428.7M63%
Other$158.8M23%
Asia Pacific$52.7M8%
Other Geographic Location$38.6M6%

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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