0001828016-22-000016 | 10-K | XBRL Viewer

Organization and Summary of Significant Accounting Policies (Notes)

12 Months Ended

Dec. 31, 2021

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Description of business and organization

Playtika Holding Corporation (“Playtika”) and its subsidiaries (together with Playtika, the “Company”) is one of the world’s leading developers of mobile games creating fun, innovative experiences that entertain and engage its users. It has built best-in-class live game operations services and a proprietary technology platform to support its portfolio of games which enable it to drive strong user engagement and monetization. The Company’s games are free-to-play, and the Company seeks to provide novel, curated in-game content and offers to its users, at optimal points in their game journeys to drive user engagement and monetization. As of December 31, 2021, the Company had operations in Argentina, Australia, Austria, Belarus, Canada, Finland, Germany, India, Israel, Poland, Romania, Switzerland, Ukraine, the United Kingdom and the United States.

Playtika Holding Corp.’s initial public offering

On January 20, 2021, the Company completed its initial public offering (the “IPO”) of 79,925,000 shares of common stock at a public offering price of $27.00 per share, of which the Company sold 18,518,500 shares and Playtika Holding UK II Limited (“Playtika Holding UK”) sold 61,406,500 shares. The Company’s common stock is listed on the Nasdaq Global Select Market under the symbol “PLTK”.

The net proceeds to the Company from the initial public offering were approximately $468.0 million, after deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, to be used for general corporate purposes, including working capital, operating expenses, capital expenditures, repayment of borrowing under its Term Loan, and potential future acquisitions. The Company did not receive any proceeds from the sale of shares of common stock in the offering by Playtika Holding UK.

Basis of presentation and consolidation

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and include Playtika and all subsidiaries in which the Company has a controlling financial interest. Control generally equates to ownership percentage, whereby (i) affiliates that are more than 50% owned are consolidated; (ii) investments in affiliates of 50% or less but greater than 20% are generally accounted for using the equity method where the Company has determined that it has significant influence over the entities; and (iii) investments in affiliates of 20% or less are generally accounted for at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. In the opinion of management, all adjustments considered necessary for a fair presentation have been recorded within the accompanying financial statements, consisting of normal, recurring adjustments, and all intercompany balances and transactions have been eliminated in the consolidation.

Investment in unconsolidated entities

The Company holds certain equity investments in various unconsolidated entities that, based upon the structure of the investment, are not within the scope of equity method investment accounting that would lead to the consolidation conclusions above. Instead, these investments fall within the scope of ASC 321, Investments - Equity Securities. As permitted within that guidance, the Company has elected to account for these investments at cost less impairment, adjusted for changes in fair value from observable transactions for identical or similar investments of the same issuer as of the respective transaction dates. No change to the carrying amounts were recorded in the year ended December 31, 2021.

Use of estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Financial statements in United States dollars

The currency of the primary economic environment in which the operations of Playtika and certain subsidiaries are conducted is the U.S. dollar ("dollar"); thus, the dollar is the functional currency of Playtika and certain subsidiaries.

Playtika and certain subsidiaries' transactions and balances denominated in dollars are presented at their original amounts. Non-dollar transactions and balances have been remeasured to dollars in accordance with ASC 830, Foreign Currency Matters. All transaction gains and losses from remeasurement of monetary balance sheet items denominated in non-dollar currencies are reflected in the statements of comprehensive income as financial income or expenses, as appropriate.

For those consolidated subsidiaries whose functional currency has been determined to be a non-dollar currency, assets and liabilities are translated at year-end exchange rates and statement of income items are translated at average exchange rates prevailing during the year. Such translation adjustments are recorded as a separate component of accumulated other comprehensive income in stockholders' equity (deficit).

Concentration of credit risk and significant customers

Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of cash and cash equivalents, short-term bank deposits, restricted cash, accounts receivable and derivative contracts. A large percentage of the Company's cash is maintained with three financial institutions with high credit standings. The Company performs periodic evaluations of the relative credit standing of these financial institutions.

Apple, Facebook and Google are significant distribution, marketing, promotion and payment platforms for the Company's games. A significant portion of the Company’s revenues has been generated from players who accessed the Company's games through these platforms. Therefore, the Company's accounts receivable are derived mainly from sales through these three platforms. Accounts receivable are recorded at their transaction amounts and do not bear interest. The Company performs ongoing credit evaluations of its customers.

The following table summarizes the major accounts receivable of the Company as a percentage of the total accounts receivable:


	December 31,
	2021	2020
	%
Apple	42	38
Google	34	35
Facebook	8	11

Accounts receivable are non-interest bearing and are initially recorded at cost. The Company bases its allowance for doubtful accounts on management's best estimate of the amount of probable credit losses in the Company's existing accounts receivable based on historical collection experience and current and expected future economic and market conditions.

Cash and cash equivalents

Cash and cash equivalents consist of cash and highly liquid investments with maturities of three months or less from the date of purchase and are stated at the lower of cost or market value. Cash equivalents include investments in money market funds that can be redeemed immediately at the current net asset value.

Restricted cash

Restricted cash primarily consists of deposits to secure obligations under the Company's operating lease agreements and to secure company-issued credit cards.

Short-term bank deposits

Bank deposits with maturities of more than three months but less than one year are included in short-term bank deposits. Such short-term bank deposits are stated at cost which approximates fair market value.

Property and equipment, net

The Company states property and equipment at cost. The Company computes depreciation using the straight-line method over the estimated useful lives of the respective assets or, in the case of leasehold improvements, the lease term of the respective assets, whichever is shorter.

The depreciation periods for the Company's property and equipment are as follows:


			Useful life
Computers and peripheral equipment			3 to 5 years
Office furniture and equipment			4 to 14 years
Vehicles and aircraft			3 to 7 years
Leasehold improvements			Shorter of the estimated useful life or remaining term of lease

Software development costs

The Company reviews internal use software development cost associated with infrastructure and new games or updates to existing games to determine if the costs qualify for capitalizing. The development costs incurred during the application development stage that are related to infrastructure are capitalized. Internal use software is included in intangible assets other than goodwill, net in the accompanying consolidated balance sheets. Capitalization of such costs begins when the preliminary project stage is completed and ceases at the point in which the project is substantially complete and is ready for its intended purpose. With respect to new games or updates to existing games, the preliminary project stage remains ongoing until just prior to worldwide launch. The development costs of new games or updates to existing games are expensed as incurred to research and development in the consolidated statements of comprehensive income.

Capitalized internal use software costs were approximately $35.5 million, $33.3 million and $17.2 million during the years ending December 31, 2021, 2020 and 2019, respectively. The estimated useful life of costs capitalized is generally three years. During the years ended December 31, 2021, 2020 and 2019, the amortization of capitalized software costs totaled approximately $21.8 million, $8.9 million and $0.3 million, respectively.

Business combination

The Company applies the provisions of ASC 805, Business Combination and allocates the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is

recorded as goodwill. When determining the fair values of assets acquired and liabilities assumed, management makes significant estimates and assumptions, especially with respect to intangible assets.

Significant estimates in valuing certain intangible assets include, but are not limited to future expected cash flows from acquired technology and acquired trademarks and user base from a market participant perspective, useful lives and discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable.

Goodwill

Goodwill represents the excess of the purchase price in a business combination over the fair value of the net tangible and intangible assets acquired. Under ASC 350, Intangible - Goodwill and Other ("ASC 350"), goodwill is not amortized, but rather is subject to an annual impairment test.

The Company tests goodwill for impairment as of October 1st of each year, or more frequently if events or changes in circumstances indicate that this asset may be impaired. For the purposes of impairment testing, the Company has determined that it has one reporting unit. When performing the annual goodwill impairment testing, the Company either conducts a qualitative assessment to determine whether it is more likely than not that the asset is impaired, or elects to bypass this qualitative assessment and perform a quantitative test for impairment. Under the qualitative assessment, the Company considers both positive and negative factors, including macroeconomic conditions, industry events, financial performance and other changes, and makes a determination of whether it is more likely than not that the fair value of goodwill is less than its carrying amount. If, after assessing the qualitative factors, the Company determines it is more likely than not the asset is impaired, it then performs a quantitative test in which the estimated fair value of the reporting unit is compared with its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its estimated fair value, an impairment loss is recognized in an amount equal to the excess, limited to the amount of goodwill allocated to the reporting unit.

Intangible assets other than goodwill, net

Intangible assets other than goodwill are amortized over their estimated useful lives using the straight-line method, using the following ranges of useful lives:


			Useful life
Developed games and acquired technology			1 to 10 years
Trademarks and user base			1 to 5 years
Internal use software			3 years

Impairment of long-lived assets

The Company’s long-lived assets to be held or used, including right-of-use (“ROU”) assets, and identifiable intangible assets that are subject to amortization are tested for impairment as of October 1st of each year, or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, in accordance with ASC 360, Accounting for the Impairment or Disposal of Long-Lived Assets. Impairment indicators include any significant changes in the manner of the Company’s use of the assets and significant negative industry or economic trends. The Company recognizes impairment based on the difference between the fair value of the asset and its carrying value. Fair value is generally measured based on either quoted market prices, if available, or a discounted cash flow analysis.

Upon determination that the carrying value of a long-lived asset may not be recoverable based upon a comparison of aggregate undiscounted projected future cash flows to the carrying amount of the asset, an impairment charge is recorded for the excess of the carrying amount over fair value.

Leases

The Company is the lessee under non-cancelable office real estate and data center leases. The Company accounts for its leases under ASU No. 2016-02, Leases (Topic 842). Operating lease ROU assets and liabilities are recognized at the commencement date and initially measured based on the present value of lease payments and lease incentives received over the defined lease term. The Company’s lease terms may include options to extend or terminate the lease. The Company assesses these options using a threshold of reasonably certain. For leases the Company is reasonably certain to renew, those option periods are included within the lease term and, therefore, the measurement of the right-of-use asset and lease liability. Lease expense for lease payments is recognized on a straight-line basis over the lease term. The Company’s real estate lease agreements do not contain any material residual value guarantees, restrictions or covenants. The Company’s lease agreements with lease and non-lease components are accounted for separately.

As most of the Company’s leases do not provide an implicit rate, the incremental borrowing rate is estimated based upon the capital structure of the Company and upon the other information available at the lease commencement date in determining the present value of lease payments. The implicit rate will be used when readily determinable. The operating lease ROU assets also include any prepaid lease payments made and are net of lease incentives. The Company does not record an asset or liability for operating leases with a term of 12 months or less.

Revenue recognition

The Company primarily derives revenue from the sale of virtual items associated with online games. The Company distributes its games to the end customer through various web and mobile platforms such as Apple, Facebook, Google, and other web and mobile platforms. Through these platforms, users can download the Company’s free-to-play games and can purchase virtual currency which is redeemed in the game for virtual goods, or players can purchase virtual goods directly (collectively referred to as virtual items) to enhance their game-playing experience.

The initial download of the games does not create a contract under ASC 606, Revenue from Contracts with Customers; however, the separate election by the player to make an in-application purchase satisfies the ASC 606 criterion for creating a contract.

Players can pay for their virtual item purchases through various widely accepted payment methods offered in the games. Payments from players for virtual items are required at the time of purchase, are non-refundable and relate to non-cancellable contracts that specify the Company’s obligations and cannot be redeemed for cash nor exchanged for anything other than virtual items within the Company’s games. The purchase price is a fixed amount which reflects the consideration that the Company expects to be entitled to receive in exchange for use of virtual items by its customers. The platform providers collect proceeds from the game players and remit the proceeds to the Company after deducting their respective platform fees.

The Company is primarily responsible for providing the virtual items, has control over the content and functionality of games and has the discretion to establish the virtual items’ prices. Therefore, the Company is the principal and, accordingly revenues are recorded on a gross basis. Payment processing fees paid to platform providers are recorded within cost of revenue. The Company’s performance obligation is to display the virtual items within the game over the estimated life of the paying player or until the virtual item is consumed in game play based upon the nature of the virtual item.

The Company categorizes its virtual items as either consumable or durable. The substantial majority of the Company’s games sell only consumable virtual items. Consumable virtual items represent items that can be consumed by a specific player action and do not provide the player any continuing benefit following consumption. For the sale of consumable virtual items, the Company recognizes revenue as the items are consumed which is usually over a period of time of up to one month. The Company has determined through a review of game play behavior that players generally do not purchase additional virtual currency until their existing virtual currency balances have been substantially consumed. This review, performed on a game-by-game basis, includes an analysis of game players’ historical play behavior, purchase behavior, and the amount of virtual currency outstanding. Based upon this analysis, the Company has estimated the rate at which virtual currency is consumed during game play. Accordingly, revenue is recognized using a user-based revenue model using these estimated consumption rates. The Company monitors its analysis of customer play behavior on a quarterly basis.

Durable virtual items represent items that are accessible to the player over an extended period of time. The Company recognizes revenue from the sale of durable virtual items ratably over the estimated average life of the paying player, which is estimated on a game-by-game basis and generally ranges from three months up to one year. The Company estimates the average life of the paying player based on historical paying player patterns and playing behaviors within each of the specific games that offer durable virtual items. The Company monitors its operational data and player patterns and re-assesses its estimates on a quarterly basis.

Deferred revenues, which represent a contract liability, represent mostly unrecognized fees collected for virtual items which are not consumed at the balance sheets date, or for players that are still active in the games.

Sales and other taxes collected from customers on behalf of governmental authorities are accounted for on a net basis and are not included in revenues or operating expenses.

The Company also has relationships with certain advertising service providers for advertisements within its games and revenue from these advertising providers is generated through impressions, clickthroughs, banner ads and offers. The Company has determined that displaying the advertisements within the mobile games is identified as a single performance obligation. The transaction price in advertising arrangements is established by our advertising service providers and is generally the product of the number of advertising units delivered (e.g. impressions, offers completed, etc.) and the contractually agreed upon price per unit. Revenue from advertisements and offers are recognized at a point-in-time when the advertisements are displayed in the game or the offer has been completed by the user as the customer simultaneously receives and consumes the benefits provided from these services. The Company has determined that it is generally acting as an agent in its advertising arrangements as the advertising service providers maintain the relationship with the customers, control the pricing of the advertising such that the Company does not know the total price paid by the customer to the service providers, and control the advertising product through the time the advertisements are displayed in our games. Therefore, the Company recognizes revenue related to these arrangements on a net basis.

Advertising expenses

Costs for marketing and advertising of the Company’s games are primarily expensed as incurred and are included in the sales and marketing expenses in the Company’s consolidated statements of comprehensive income. Such costs primarily consist of player acquisition costs. Advertising expense was $457.8 million, $408.5 million and $341.4 million in the years ended December 31, 2021, 2020 and 2019, respectively.

Stock-based compensation expense

The Company has a stock-based compensation program which provides for equity awards including time-based stock options and restricted stock units (“RSUs”). Stock-based compensation expense is measured at the grant date, based on the estimated fair value of the award, and is recognized as expense over the requisite service period for the award. The Company records forfeitures as a reduction of stock-based compensation expense as those forfeitures occur.

The Company used the Black-Scholes option pricing model to estimate the fair value and compensation cost associated with stock options. As it does not have a long history of market prices for its common stock because the stock was not publicly traded prior to January 2021, the Company used observable data for a group of peer companies that grant options with substantially similar terms to assist in developing its volatility assumption. The expected volatility of the stock was determined using weighted average measures of the implied volatility and the historical volatility for the Company’s peer group of companies for a period equal to the expected life of the option. The weighted-average risk-free interest rate was based on the interest rate for U.S. Treasury bonds. The expected term assumption was derived using the simplified method, which is based on an average between each vesting date and the expiration date of an option. This method was chosen because there was no historical option exercise experience due to the Company being privately held. The Company does not anticipate paying cash dividends on its shares of common stock in the future. The stock options have a contractual term of 10 years. Except as otherwise provided in an option agreement between the Company and the employee, if an employee is terminated (voluntarily or involuntarily), any unvested awards as of the date of termination will be forfeited.

If factors change and the Company employs different assumptions, stock-based compensation cost on future awards may differ significantly from what the Company has recorded in the past. Higher volatility and longer expected terms result in an increase to stock-based compensation determined at the date of grant. Future stock-based compensation cost and unrecognized stock-based compensation will increase to the extent that the Company grants additional equity awards to employees or assumes unvested equity awards in connection with acquisitions. If there are any modifications or cancellations of the underlying unvested equity awards, the Company may be required to accelerate any remaining unearned stock-based compensation cost or incur incremental cost.

The Company uses the estimated fair value of equity and associated per-share value at the time of grant to determine the compensation cost to be recognized associated with RSUs granted.

The Company’s stock-based compensation expense is recorded in the financial statement line item relevant to each of the award recipients. See Note 10, Equity Transactions and Stock Incentive Plan, for additional discussion.

Significant factors, assumptions, and methodologies used in estimating fair value of equity prior to the IPO

Prior to its initial public offering of equity in January 2021, the Company, with the assistance of third-party valuation experts, used a combination of the income approach (the discounted cash flow method) and the market approach (a combination of the guideline public company method and the guideline transaction method) to estimate its equity value in connection with its stock-based compensation program discussed below. The income approach involves applying an appropriate risk-adjusted discount rate to projected cash flows based on forecasted revenue and costs. The guideline transaction method estimates the value of a company by applying valuation multiples paid in actual transactions for comparable public and private companies.

The values derived under the market and income approaches were used to determine an initial estimated fair market value of the Company’s equity. The initial estimated value was then subjected to a discount for the lack of marketability based on the impediments to liquidity as a result of the Company’s previous status as a private company, including the lack of publicly available information and the lack of a trading market.

Subsequent to the Company’s initial public offering of equity in January 2021, the Company uses the public trading price of its common stock on the Nasdaq stock exchange as the basis for determining the fair market value for its common stock for purposes of its stock based compensation expense.

There is inherent uncertainty in the Company’s forecasts and projections, and if different assumptions and estimates had been made than those described above, the amount of the equity valuation and stock-based compensation expense could have been materially different.

Income taxes

The Company accounts for income taxes using the asset and liability method whereby deferred tax asset and liability account balances are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that are expected to be in effect when the differences will reverse. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to the amount that is more likely than not to be realized. Deferred tax assets and deferred tax liabilities are presented under long-term assets and long-term liabilities, respectively.

The Company implements a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that, on an evaluation of the technical merits, the tax position will be sustained on audit, including resolution of any related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount that is more than 50% (cumulative basis) likely to be realized upon ultimate settlement.

The Company classifies interest and penalties on income taxes (which includes uncertain tax positions) as taxes on income. See Note 17, Income Taxes, for additional discussion.

Employee related benefits

Appreciation and retention plan

In August 2019, the Company adopted the Playtika Holding Corp. Retention Plan (the “2021-2024 Retention Plan”) in order to retain key employees and reward them for contributing to the success of the Company. Under the 2021-2024 Retention Plan, eligible employees may be granted retention awards that let them receive their pro rata portion of a retention pool of $25 million per year for each of the plan years, and may also be granted appreciation units which allow the employee to receive their pro-rata portion of an appreciation pool calculated as a specified percentage of Adjusted EBITDA for each of the plan years as described further in Note 15, Appreciation and Retention Plans.

The value of each unit of the 2021-2024 Retention Plan has been amortized into compensation expense using the straight-line method, which will result in the recognition of compensation costs in the same years as the underlying EBITDA used in the plan measurement is earned.

In September 2016, the Company adopted the Playtika Holding Corp. Retention Plan (the “2017-2020 Plan”). According to the 2017-2020 Plan, appreciation unit awards were granted to selected eligible employees. These units provided the right to receive cash payments for each of the years 2017 through 2020 as a percentage (between 1.5% - 2%) of the Company's estimated appreciation in value in excess of $4.4 billion. The value of each appreciation unit was calculated based on the Company's adjusted EBITDA (as agreed in the 2017-2020 Plan) multiplied by an agreed multiplier.

In addition, an annual retention bonus for each of the four years in the 2017-2020 Plan, in the amount of $25 million was distributed to selected eligible employees of the 2017-2020 Plan.

The value of each unit of the 2017-2020 Plan was amortized into compensation expense using the graded-vesting method, which resulted in the recognition of compensation costs over the requisite service period for each separately vesting tranche of the units as though the units were, in substance, multiple units awards.

Severance pay

The liability for the Company’s employees in Israel in respect of severance pay is calculated in accordance with Section 14 of the Severance Pay Law 5723-1963 ("Section 14"). Section 14 states that Company's contributions for severance pay shall be in lieu of severance compensation. Upon deposit of the related obligation for the employee under Section 14, no additional obligations shall be conducted between the parties regarding the matter of severance pay and no additional payments shall be made by the Company to the employee.

Expense resulting from contributions in accordance with Section 14 for the years ended December 31, 2021, 2020 and 2019 was $7.1 million, $5.7 million and $4.6 million, respectively.

Net income per share attributable to common stockholders

For all periods, basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share reflects the effect of all potentially dilutive common shares outstanding by dividing net income by the weighted-average of all common and potentially dilutive shares outstanding. In the event of a loss, diluted shares would not be considered because of their anti-dilutive effect.

Derivative Instruments

The Company uses interest rate swap contracts to reduce its exposure to fluctuating interest rates associated with the Company’s variable rate debt, and to effectively increase the portion of debt upon which the Company pays a fixed interest rate. The Company’s interest rate swap agreements are designated as cash flow hedges under ASC 815 involving the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreement, without the exchange of the underlying notional amount. These hedges are highly effective in offsetting changes

in the Company’s future expected cash flows due to the fluctuation of the one-month LIBOR rate associated with its variable rate debt.

The Company monitors the effectiveness of its hedges on a quarterly basis, both qualitatively and quantitatively. The Company performed a regression analysis at inception of the hedging relationship and at period end in which it compared the change in the fair value of the swap transaction and the change in fair value of a hypothetical interest rate swap having terms that identically match the terms of the debt's interest rate payments based on 30 observations that are based on historical swap rates. Based on the regression results, the Company believes that, at inception and at period end, the hedging instrument is expected to be highly effective at offsetting changes in the hedged transactions attributable to the risk being hedged. For each future reporting period, the Company will continue performing retrospective and prospective assessments of hedge effectiveness in a single regression analysis by updating the regression analysis that was prepared at inception of the hedging relationship.

The Company uses foreign currency derivative contracts to reduce its exposure to fluctuating exchange rates between the United States dollar (as the Company’s functional currency) and certain revenue or expense lines denominated in Israeli Shekels (“ILS”), Polish Zloty (“PLN”) and Romanian Leu (“RON”). The Company’s derivative contracts are designated as cash flow hedges under ASC 815. The Company monitors the effectiveness of its hedges on a quarterly basis, both qualitatively and quantitatively, and expects these hedges to remain highly effective at offsetting fluctuations in exchange rates through their respective maturity dates.

The fair value of derivative financial instruments is recognized as an asset or liability at each balance sheet date, with changes in fair value recorded in other comprehensive income on the consolidated statements of comprehensive income until the future underlying transactions occur. The fair value approximates the amount the Company would pay if these contracts were settled at the respective valuation dates. The inputs used to measure the fair value of the Company’s interest rate swap agreements are categorized as Level 2 in the fair value hierarchy as established by ASC 820. The inputs used to measure the fair value of the Company’s foreign currency derivative contracts are categorized as Level 2 in the fair value hierarchy as established by ASC 820.

Fair value of financial instruments

The Company accounts for fair value in accordance with ASC 820, Fair Value Measurements and Disclosures ("ASC 820"). Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. The Company uses a three tier hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The first two levels in the hierarchy are considered observable inputs and the last is considered unobservable. The carrying value of accounts receivable and payables and the Company's cash and cash equivalents, short-term bank deposits and restricted cash, approximates fair value due to the short time to expected payment or receipt of cash.

Accounting standards recently adopted by the Company

In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes. ASU 2019-12 eliminates certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an

interim period and the recognition of deferred tax liabilities for outside basis differences. It also clarifies and simplifies other aspects of the accounting for income taxes. This guidance is effective for public business entities for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. The Company adopted this standard as of January 1, 2021. The adoption of this standard did not have a significant impact on the Company’s consolidated financial statements.

In January 2020, the FASB issued ASU 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815). As it applies to the Company, ASU 2020-01 requires entities to remeasure their equity securities in accordance with the measurement alternative in Topic 321 upon the occurrence of an observable transaction. The Company adopted this standard as of January 1, 2021 on a prospective basis. The adoption of this standard did not have a significant impact on the Company’s consolidated financial statements.

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuation of LIBOR or by another reference rate expected to be discontinued. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. During the year ended December 31, 2021, the Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. The Company continues to evaluate the potential impacts of ASU 2020-04 and may apply other elections as applicable as additional changes in the market occur.

Recently issued accounting standards not yet adopted by the Company

In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805). ASU 2021-21 requires that an acquiring entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC 606, Revenue from Contracts with Customers (“ASC 606”) and that at the acquisition date, the acquirer accounts for related revenue contracts in accordance with ASC 606 as if it had originated the contracts. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including in interim periods. The Company does not expect the adoption of this standard to have a material impact on its consolidated financial statements.

Debt (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt issuance costs, net	$ 50,700,000	$ 60,600,000

Derivative Instruments and Hedging Activities (Details)	12 Months Ended
Derivative Instruments and Hedging Activities (Details)	Dec. 31, 2021 USD ($)
Interest Rate Swap
Derivative [Line Items]
Derivative, Notional Amount	$ 250,000,000
Derivative, Fixed Interest Rate	0.9275%
Interest Rate Swap \| Accrued expenses and other current liabilities and other non-current assets
Derivative [Line Items]
Derivative, Fair Value, Net	$ 5,500,000
Foreign Exchange Contract
Derivative [Line Items]
Maturity of all foreign currency hedge agreements	12 months
Foreign Exchange Contract \| Prepaid expense and other assets
Derivative [Line Items]
Derivative, Fair Value, Net	$ 1,300,000

Consolidated Statement of Cash Flows - USD ($)	12 Months Ended
Consolidated Statement of Cash Flows - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Cash Flows [Abstract]
Deferred Income Tax Expense (Benefit)	$ (72,400,000)	$ (13,100,000)	$ 40,800,000
Non-cash lease expense	200,000	5,100,000	4,900,000
Amortization of Debt Discount (Premium)	31,500,000	15,300,000	10,300,000
Business combination, contingent consideration arrangements, change in amount of contingent consideration, liability	(5,000,000.0)	17,400,000	21,400,000
Accounts receivable	(7,500,000)	(1,700,000)	(15,400,000)
Increase (Decrease) in Prepaid Expense and Other Assets	28,800,000	(21,700,000)	(2,400,000)
Accounts payable	(5,900,000)	(20,200,000)	(8,000,000.0)
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities	17,500,000	59,300,000	60,600,000
Net cash provided by operating activities	551,700,000	517,700,000	491,900,000
Cash Flow, Investing Activities, Lessee [Abstract]
Payments to Develop Software	(33,100,000)	(33,300,000)	(17,200,000)
Payments to Acquire Intangible Assets	(19,100,000)	(10,700,000)	(19,900,000)
Payments for (Proceeds from) Other Investing Activities	2,100,000	0	(1,400,000)
Net Cash Provided by (Used in) Investing Activities	609,400,000	98,100,000	516,500,000
Cash flows from financing activities
Proceeds from bank borrowings	887,700,000	0	4,998,600,000
Payment, Tax Withholding, Share-based Payment Arrangement	0	(15,700,000)	0
Payment for Contingent Consideration Liability, Financing Activities	0	(4,900,000)	0
Payments to Acquire Businesses, Net of Cash Acquired	(394,100,000)	0	(422,700,000)
Payments of Dividends	0	0	(2,365,900,000)
Net cash used in financing activities	559,700,000	(181,300,000)	(6,600,000)
Effect of Exchange Rate on Cash and Cash Equivalents	(6,600,000)	13,300,000	(2,400,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	495,400,000	251,600,000	(33,600,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance	523,600,000	272,000,000.0	305,600,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance	1,019,000,000	523,600,000	272,000,000.0
Supplemental Cash Flow Information [Abstract]
Income Taxes Paid	102,300,000	81,100,000	62,800,000
Cash paid for interest	93,900,000	182,400,000	47,600,000
Cash received for interest	500,000	1,700,000	1,500,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	41,000,000.0	30,000,000.0	17,700,000
Business combination, acquisition related costs	33,700,000	0	4,900,000
Business Combination, Contingent Consideration, Liability		0
Share-based Payment Arrangement, Amount Capitalized	2,700,000	0	0
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Accrued Offering Cost	0	2,600,000	0
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	308,500,000	92,100,000	288,900,000
Depreciation	42,500,000	37,600,000	23,600,000
Amortization of Intangible Assets	103,000,000.0	81,600,000	49,400,000
Share-based Payment Arrangement, Expense	100,400,000	276,000,000.0	0
Increase (Decrease) in Deferred Income Taxes	(72,700,000)	(13,100,000)	40,800,000
Foreign Currency Transaction Gain (Loss), before Tax	(200,000)	(10,000,000.0)	1,800,000
Gain on Sale of Investments	(1,200,000)	0	0
Payments to Acquire Property, Plant, and Equipment	(47,400,000)	(54,100,000)	(55,300,000)
Payments for (Proceeds from) Short-term Investments	(100,000,000.0)	0	0
Payments to Acquire Long-term Investments	(17,800,000)	0	0
Repayments of Debt	(965,300,000)	0	(2,672,600,000)
Proceeds from Unsecured Notes Payable	178,900,000	0	0
Proceeds from Issuance of Common Stock	470,400,000	(2,400,000)	0
Payments of Debt Issuance Costs	(12,000,000.0)	0	0
Proceeds from Lines of Credit	0	250,000,000.0	33,300,000
Repayments of Lines of Credit	$ 0	$ (408,300,000)	$ 0

Fair Value Measurements - Contingent Consideration Liability (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration, liability, beginning balance	$ 0
Business combination, contingent consideration arrangements, change in amount of contingent consideration, liability	(5,000,000.0)	$ 17,400,000	$ 21,400,000
Contingent consideration, liability, ending balance		0
Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration, liability, beginning balance	0	26,300,000
Liabilities, Fair Value Adjustment		17,400,000
Loss Contingency Accrual, Payments		(43,700,000)
Business Combination, Consideration Transferred, Liabilities Incurred	33,700,000
Business combination, contingent consideration arrangements, change in amount of contingent consideration, liability	(5,000,000.0)
Contingent consideration, liability, ending balance	$ 28,700,000	$ 0	$ 26,300,000

Transactions and Balances with Related Parties (Notes)

12 Months Ended

Dec. 31, 2021

Related Party Transactions Disclosure

TRANSACTIONS AND BALANCES WITH RELATED PARTIES

Name and relationship of related parties


Name						Relationship
Playtika Holding UK						Immediate parent company
Alpha						Ultimate parent company
Giant HK						Stockholder who has significant influence over the ultimate parent company

Transactions with related parties

The following transactions occurred with related companies (in millions):


			Year ended December 31,
			2019
Loan due to Alpha offset with loan receivable			(68.0)
Loan due from Giant HK offset with loan payable			68.0

There were no transactions with related companies in the years ended December 31, 2021 and 2020.

The Company borrowed $92 million from Alpha during 2017 and repaid $24 million during 2018. The loan bore interest rate of 4% per annum. The loan was to be repaid up to two years from the agreement date and could be extended upon written agreement. The Company recognized interest expense of $1.8 million during the year ended December 31, 2019, related to this loan.

Also, the Company lent $92 million to Giant HK during 2017, and received $24 million during 2018. The loan bore interest rate of 4% per annum. The loan was to be repaid up to two years from the agreement date and could be extended upon written agreement. The Company recognized interest income of $1.8 million during the year ended December 31, 2019, related to this loan.

On August 20, 2019, Alpha and Giant HK agreed on the assignment of the agreement described above and accordingly the amount was off-set and the receivable loan balance considered as fully repaid.

Also in August 2019, the Company issued a $2.4 billion cash dividend to Playtika Holding UK.

Organization and Summary of Significant Accounting Policies - Software Development Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Capitalized computer software, gross	$ (35,500,000)	$ (33,300,000)	$ (17,200,000)
Capitalized Computer Software, Accumulated Amortization	$ (21,800,000)	$ (8,900,000)	$ (300,000)
Software and Software Development Costs
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years

Debt - Credit Agreements (Details) - USD ($)		12 Months Ended
Debt - Credit Agreements (Details) - USD ($)	Mar. 11, 2021	Dec. 31, 2021	Jan. 15, 2021	Jun. 15, 2020	Dec. 31, 2019	Dec. 10, 2019
Debt Disclosure [Abstract]
Debt instrument, face amount		$ 2,485,800,000
Debt Instrument [Line Items]
Debt instrument, face amount		$ 2,485,800,000
Line of credit facility, unused capacity, commitment fee (percentage)		0.50%
Line of credit facility, commitment fee description		daily unused commitments of such lender, subject to step-downs to 0.375% and 0.25%
Debt Instrument, Restrictive Covenants		The Revolving Credit Facility includes a maximum first-priority net senior secured leverage ratio financial maintenance covenant of 6.25 to 1.00. At December 31, 2021, the Company’s first-priority net senior secured leverage ratio was 0.91 to 1.00.In addition, the Credit Agreement includes negative covenants, subject to certain exceptions, restricting or limiting the Company's ability and the ability of its restricted subsidiaries to, among other things: (i) make non-ordinary course dispositions of assets; (ii) make certain mergers and acquisitions; (iii) complete dividends and stock repurchases and optional redemptions (and optional prepayments) of subordinated debt; (iv) incur indebtedness; (v) make certain loans and investments; (vi) incur liens and certain fixed charges; (vii) transact with affiliates; (viii) change the business of the Company and its restricted subsidiaries; (ix) enter into sale/leaseback transactions; (x) allow limitations on negative pledges and the ability of restricted subsidiaries to pay dividends or make distributions; (xi) change the fiscal year and (xii) modify subordinated debt documents. Under the Credit Agreement, the Company may be required to meet specified leverage ratios or fixed charge coverage ratios in order to take certain actions, such as incurring certain debt or liens or making certain investments.
Line of Credit Facility, Frequency of Commitment Fee Payment		quarterly
Excess cash flow value which triggers mandatory prepayments		$ 10,000,000
Debt instrument, step down, based on company's net total secured leverage		25.00%
Mandatory and voluntary prepayments of a percentage of excess cash flow		50.00%
Debt Instrument, Interest Rate Terms		Borrowings under the Credit Agreement bear interest at a rate equal to, at the Company’s option, either (a) LIBOR determined by reference to the cost of funds for Eurodollar deposits for the interest period relevant to such borrowing, adjusted for certain additional costs, subject to a floor of 0% or (b) a base rate determined by reference to the highest of (i) the federal funds rate plus 0.50%, (ii) the prime rate as determined by the administrative agent and (iii) the one-month adjusted LIBOR rate plus 1.00%, in each case plus an applicable margin. Such applicable margin is (x) with respect to the New Term Loan, 2.75% per annum in the case of any LIBOR loan or 1.75% per annum in the case of any base rate loan, subject to one 0.25% step-down based on the Company’s credit ratings and (y) in the case of the Revolving Credit Facility, a range from 2.25% to 3.00% per annum in the case of any LIBOR loan and a range from 1.25% to 2.00% per annum in the case of any base rate loan, based on the Company’s net senior secured leverage ratio.
debt instruments prepayment requirements		The Credit Agreement permits voluntary prepayments and requires mandatory prepayments in certain events including among others, 50% (subject to step-downs to 25% and 0% based upon the Company’s net total secured leverage ratio) of the Company’s excess cash flow to the extent such amount exceeds $10 million, certain net cash proceeds from non-ordinary asset sale transactions (subject to reinvestment rights), and 100% of net proceeds of any issuance of debt (except for debt permitted to be incurred by the Credit Agreement). If the Company’s total secured leverage ratio remains below 2.0 to 1.0, consistent with the ratio for the year ended December 31, 2021, the Company’s required excess cash flow percentage for 2022 will step down to 0%.
Debt instrument, redemption price percentage from equity proceeds	40.00%
Percentage outstanding after redemption occurrence	50.00%
Debt instrument, in the events of default		Events of default under the Indenture include, among others, the following with respect to the Notes: default which continues for 30 days in the payment of interest on the Notes; default in payment of the principal of, or premium, if any, on the Notes; failure to comply with certain covenants in the Indenture for 60 days (or 120 days with respect to the covenant relating to the provision of financial reports) upon the receipt of notice from the Trustee or holders of at least 25% in aggregate principal amount of the Notes; acceleration or payment default of indebtedness of the Company or certain of its subsidiaries in excess of a specified amount that remains uncured following the applicable grace period provided in such indebtedness; final judgments against the Company or certain of its subsidiaries in excess of a specified amount that remains unpaid for 45 days; and certain events of bankruptcy or insolvency with respect to the Company or certain of its subsidiaries. In the case of an event of default arising from certain events of bankruptcy or insolvency with respect to the Company or certain of its subsidiaries, all Notes then outstanding will become due and payable immediately without further action or notice. If any other event of default occurs with respect to the Notes, the Trustee or holders of at least 25% in aggregate principal amount of the Notes may declare all Notes then outstanding to be due and payable immediately.
Percent of Intellectual property rights that generate EBITA		5.00%
Pledge of capital stock from Company and domestic guarantors		65.00%
Pledge of capital stock from certain domestic guarantors		100.00%
Redemption days for Equity Offering		90 days
Line of credit facility, description		The Credit Agreement allows the Company to request one or more incremental term loan facilities, incremental revolving credit facilities and/or increases to the New Term Loan or the Revolving Credit Facility in an aggregate amount of up to the sum of (x) the greater of (1) $800 million and (2) 1.00 times EBITDA (as defined in the Credit Agreement) plus (y) the amount of certain voluntary prepayments of indebtedness plus (z) such additional amount so long as, (i) in the case of loans under additional credit facilities that are secured by liens on the collateral securing the Credit Agreement, the Company's net total secured leverage ratio on a pro forma basis would not exceed 3.50 to 1.00 (or in the case of incremental facilities to fund certain investments and acquisitions, the net total secured leverage ratio immediately prior to such incurrence) and (iii) in the case of any other loans under additional credit facilities, the Company's fixed charge coverage ratio on a pro forma basis would not be less than 2.00 to 1.00 (or in the case of incremental facilities to fund certain investments and acquisitions, the fixed charge coverage ratio immediately prior to such incurrence), in each case, subject to certain conditions and receipt of commitments by existing or additional financial institutions or institutional lenders.
Extinguishment of Debt, Amount		$ 14,500,000
Write off of Deferred Debt Issuance Cost		22,900,000
Debt Issuance Costs, Gross		$ 34,900,000
Net Senior Secured Leverage Ratio		0.91
Measurement Input, EBITDA Multiple
Debt Instrument [Line Items]
Minimum EBITDA percentage generated from company and guarantors		80.00%
Revolving Credit Facility [Member]
Debt Disclosure [Abstract]
Debt instrument, face amount					$ 250,000,000
Debt Instrument [Line Items]
Debt instrument, face amount					$ 250,000,000
Line of credit facility, current borrowing capacity			$ 350,000,000	$ 350,000,000
Line of Credit Facility, Increase (Decrease), Net		$ 800,000,000
Line of credit facility, maximum borrowing capacity	$ 600		$ 550,000,000
Debt instruments, maturity year		2026
Senior Secured Credit Facilities
Debt Disclosure [Abstract]
Debt instrument, face amount						$ 2,750,000,000
Debt Instrument [Line Items]
Debt instrument, face amount						2,750,000,000
Senior Secured First Lien Term Loans
Debt Disclosure [Abstract]
Debt instrument, face amount	1,900,000,000
Debt Instrument [Line Items]
Debt instrument, face amount	$ 1,900,000,000
Percentage of original aggregated principal amount of term loan due in quarterly principal payments (percentage)	25.00%
Term Loan [Member]
Debt Disclosure [Abstract]
Debt instrument, face amount		$ 1,885,800,000				2,500,000,000
Debt Instrument [Line Items]
Debt instrument, face amount		$ 1,885,800,000				$ 2,500,000,000
Debt instrument, interest rate (percentage)		2.85%
Debt instruments, maturity year		2028
Senior Notes
Debt Disclosure [Abstract]
Debt instrument, face amount		$ 600,000,000.0
Debt Instrument [Line Items]
Debt instrument, face amount		$ 600,000,000.0
Line of credit facility, maximum borrowing capacity	$ 600
Debt Instrument, Redemption Period, End Date	Mar. 15, 2024
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	104.25%
Debt instrument, interest rate (percentage)	4.25%	4.25%
Debt Instrument, Maturity Date	Mar. 15, 2029
Accrued interest rate on long term debt	4.25%
Debt Instrument, Frequency of Periodic Payment	semi-annually
Debt instruments, maturity year	2029	2029
Senior Notes \| Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt Instrument, Redemption Period, Start Date	Mar. 15, 2024
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	102.125%
Senior Notes \| Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Debt Instrument, Redemption Period, Start Date	Mar. 15, 2025
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	101.063%
Senior Notes \| Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Debt Instrument, Redemption Period, Start Date	Mar. 15, 2026
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100.00%
Maximum [Member]
Debt Instrument [Line Items]
Net Senior Secured Leverage Ratio		6.25
Maximum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, secured leverage ratio		2.0
Minimum [Member] \| Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, secured leverage ratio		1.0

Net Income Attributable to Ordinary Stockholders - Antidilutive Shares (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ 308,500,000	$ 92,100,000	$ 288,900,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	12,305,682	8,000,000	0
Number of Common Stock Classifications (share class number)	1
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	7,849,693	8,000,000
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,455,989	0

- Definition

Amount after tax of income (loss) from continuing operations attributable to the parent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=123454820&loc=SL4613673-111683

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.13)
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

+ Details

Revenue from Contract with Customer (Details)	12 Months Ended
Revenue from Contract with Customer (Details)	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract receivable collection period	45 days

Organization and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedules of Concentration of Risk, by Risk Factor

The following table summarizes the major accounts receivable of the Company as a percentage of the total accounts receivable:


	December 31,
	2021	2020
	%
Apple	42	38
Google	34	35
Facebook	8	11

Schedule Of Estimated Useful Lives Of Property Plant And Equipment

The depreciation periods for the Company's property and equipment are as follows:


			Useful life
Computers and peripheral equipment			3 to 5 years
Office furniture and equipment			4 to 14 years
Vehicles and aircraft			3 to 7 years
Leasehold improvements			Shorter of the estimated useful life or remaining term of lease

Schedule of Intangible Assets Other than Goodwill Estimated Useful Lives

Intangible assets other than goodwill are amortized over their estimated useful lives using the straight-line method, using the following ranges of useful lives:


			Useful life
Developed games and acquired technology			1 to 10 years
Trademarks and user base			1 to 5 years
Internal use software			3 years

Revenue from Contract with Customer (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table provides information about disaggregated revenue by geographic location of the Company's players and type of platform (in millions):


	Year ended December 31,
	2021		2020		2019
Geographic location
USA	$	1,816.7	$	1,669.0	$	1,314.8
EMEA	383.8		338.8		263.1
APAC	206.9		200.7		172.0
Other	175.6		163.0		137.7
Total	$	2,583.0	$	2,371.5	$	1,887.6
Platform type
Mobile	$	2,069.1	$	1,907.6	$	1,475.8
Web	513.9		463.9		411.8
Total	$	2,583.0	$	2,371.5	$	1,887.6

Revenues through third-party platforms and through the Company’s own Direct-to-Consumer platforms were as follows (in millions):


	Year ended December 31,
	2021		2020		2019
Revenues
Third-party platforms	$	2,054.0	$	2,048.5	$	1,693.9
Direct-to-Consumer platforms	529.0		323.0		193.7
Total	$	2,583.0	$	2,371.5	$	1,887.6

Contract with Customer, Contract Asset, Contract Liability, and Receivable

Balances of the Company’s contract assets and liabilities are as follows (in millions):


	December 31,
	2021		2020
Accounts receivable	$	143.7	$	129.3
Contract assets (1)	9.4		5.8
Contract liabilities (2)	31.6		21.3

_______

(1) Contract assets are included within prepaid expenses and other current assets as “deferred charges” in the Company’s consolidated balance sheets.

(2) Contract liabilities are included within accrued expenses and other current liabilities as “deferred revenues” in the Company’s consolidated balance sheets.

Leases - Supplemental Lease Information (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	3.40%
Operating lease right of use asset gross	$ 133,900,000
Operating lease, right of use asset, accumulated amortization	(44,500,000)
Operating lease, right of use asset, net	$ 89,400,000	$ 73,400,000

Stockholders' Equity (Deficit), Equity Transactions and Stock Incentive Plan - Restricted Stock Units (Details Textual) - USD ($)			12 Months Ended
	Jan. 15, 2021	Oct. 01, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted					0
Stock options, outstanding intrinsic value (dollars)			$ 0.25	$ 58,100,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting rights (percentage)	75.00%		25.00%
Remaining percentage of awards to vested in equal installments (percentage)			75.00%
Remaining award vesting periods (in years)			3 years
Share-based compensation arrangement by share-based payment award, number of shares authorized		5,854,800
Share-based compensation arrangement by share-based payment award, award vesting period (in years)		4 years
Share-based compensation arrangement by share-based payment award, award vesting rights		25% of the RSUs vesting on each of December 31, 2021, 2022, 2023 and 2024, subject to continued service on the applicable vesting date
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number			11,375,084	5,944,800	0
Restricted stock units, granted			7,515,510	19,854,800

Income Taxes - Schedule of Income Tax Provisions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Current - Tax	$ 172,300,000	$ 115,400,000	$ 106,600,000
Deferred - Tax	(72,400,000)	(13,100,000)	40,800,000
Total - Tax	99,900,000	102,300,000	147,400,000
Domestic Tax	(19,600,000)	7,600,000	21,100,000
US Federal - Current Tax	24,900,000	2,400,000	12,000,000.0
US Federal - Deferred Tax	(48,500,000)	(1,100,000)	5,000,000.0
US Federal - Total Tax	(23,600,000)	1,300,000	17,000,000.0
US State - Current Tax	3,500,000	7,800,000	3,300,000
US State - Deferred Tax	500,000	(1,500,000)	800,000
US State - Total Tax	4,000,000.0	6,300,000	4,100,000
Foreign - Current Tax	143,900,000	105,200,000	91,300,000
Foreign - Deferred Tax	(24,400,000)	(10,500,000)	35,000,000.0
Foreign - Total Tax	$ 119,500,000	$ 94,700,000	$ 126,300,000

Accumulated Other Comprehensive Income (Notes)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Comprehensive Income (Loss) Note

ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table shows a summary of changes in accumulated other comprehensive income (loss), net of tax, by component for the year ended December 31, 2021 (in millions):


	Foreign Currency Translation		Interest Rate Swaps		Foreign Currency Derivative Contracts		Total
Balance as of January 1, 2021	$	16.7	$	—	$	—	$	16.7
Other comprehensive income (loss) before reclassifications	(18.6)		2.1		2.0		(14.5)
Amounts reclassified from accumulated other comprehensive income (loss)	—		2.1		(1.1)		1.0
Balance as of December 31, 2021	$	(1.9)	$	4.2	$	0.9	$	3.2

Stockholders' Equity (Deficit), Equity Transactions and Stock Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Stock Options Roll Forward

The following table summarizes the Company’s stock option activity:


		Weighted	Weighted
	Stock	Average	Average		Intrinsic
	Options	Remaining	Exercise		Value
	Outstanding	Term (in years)	Price		(in millions)





Outstanding at January 1, 2021	8,000,000	9.5	$	18.71	$	58.1
Granted	8,857,172		$	26.77
Exercised	—
Cancelled	(1,007,479)		$	26.86
Expired	—
Outstanding at December 31, 2021	15,849,693	8.8	$	22.70	$	—
Exercisable at December 31, 2021	2,000,000	8.5	$	18.71	$	—

Schedule of Nonvested Restricted Stock Units Activity

The following table summarizes the Company’s RSU activity:


		Weighted		Total Fair
		Average		Value of
		Grant Date		Shares Vested
	Shares	Fair Value		(in millions)
Outstanding at January 1, 2020	—
Granted	19,854,800	$	19.41
Vested	(13,910,000)	$	18.71	$	260.1
Cancelled	—
Outstanding at December 31, 2020	5,944,800	$	21.04
Granted	7,515,510	$	28.23
Vested	(1,512,218)	$	21.17	$	26.6
Cancelled	(573,008)	$	30.62
Outstanding at December 31, 2021	11,375,084	$	25.29

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table summarizes stock-based compensation costs by award type (in millions):


	Year ended December 31,
	2021		2020
Stock options	$	35.2	$	8.9
RSUs	67.9		267.1
Total stock-based compensation costs	$	103.1	$	276.0

Share-based Payment Arrangement, Expensed and Capitalized, Amount

The following table summarizes stock-based compensation costs, net of amounts capitalized, as reported on the Company’s consolidated statements of comprehensive income (in millions):


	Year ended December 31,
	2021		2020
Research and development expenses	$	27.7	$	0.5
Sales and marketing expenses	8.3		0.4
General and administrative expenses	64.4		275.1
Total stock-based compensation costs, net of amounts capitalized	$	100.4	$	276.0

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued expenses and other current liabilities at December 31, 2021 and 2020 are as follows (in millions):


	December 31,
	2021		2020
Employees and related expenses	$	167.8	$	173.8
Tax accruals	162.5		130.5
Accrued expenses	132.7		121.6

Deferred revenues	31.6		21.3
Accrued litigation settlement	—		37.6

Total accrued expenses and other current liabilities	$	494.6	$	484.8

Transactions and Balances with Related Parties - Schedule of Related Party Transactions (Details)	Dec. 31, 2019 USD ($)
Alpha - Ultimate Parent Company
Related Party Transaction [Line Items]
Due to Related Parties	$ (68,000,000.0)
Giant HK -Majority Shareholder
Related Party Transaction [Line Items]
Due from Related Parties	$ 68,000,000.0

- Definition

For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 850
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-Paragraph 1
-Subparagraph (d)
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Subparagraph (SX 210.13-02(a)(4)(iv))
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 470
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-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(B))
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-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

+ Details

- Definition

Carrying amount as of the balance sheet date of obligations due all related parties.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(C))
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

+ Details

Fair Value Measurements - Fair Value Liabilities Measured on Recurring Basis (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 10, 2019
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability		$ 0
Debt Instrument, Fair Value Disclosure	$ 2,461,400,000
Debt instrument, face amount	2,485,800,000
Term Loan [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument, face amount	1,885,800,000			$ 2,500,000,000
Senior Notes
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt instrument, face amount	600,000,000.0
Fair Value, Inputs, Level 1 \| Cash and Cash Equivalents
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	310,200,000
Fair Value, Inputs, Level 2 \| Term Loan [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt Instrument, Fair Value Disclosure	1,876,400,000
Fair Value, Inputs, Level 2 \| Senior Notes
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Debt Instrument, Fair Value Disclosure	585,000,000.0
Fair Value, Inputs, Level 2 \| Prepaid Expenses and Other Current Assets \| Foreign Exchange Forward
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Liability, Current	1,300,000
Fair Value, Inputs, Level 2 \| Other Noncurrent Assets \| Interest Rate Swap
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Asset, Noncurrent	7,900,000
Fair Value, Inputs, Level 2 \| Accrued expense and other current liabilites \| Foreign Exchange Forward
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Liability, Current	0
Fair Value, Inputs, Level 2 \| Accrued expense and other current liabilites \| Interest Rate Swap
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Liability, Current	2,400,000
Fair Value, Inputs, Level 3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability	$ 28,700,000	$ 0	$ 26,300,000

Property and Equipment, Net (Notes)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

PROPERTY AND EQUIPMENT, NET

Property and equipment, net at December 31, 2021 and 2020 are as follow (in millions):


	December 31,
	2021		2020
Computers and peripheral equipment	$	182.1	$	148.9
Office furniture and equipment	14.0		12.5
Vehicles and aircraft	6.4		6.4
Leasehold improvements	42.4		31.7
Total property and equipment, gross	244.9		199.5
Accumulated depreciation	(141.6)		(101.0)
Total property and equipment, net	$	103.3	$	98.5

Depreciation expense was $42.5 million, $37.6 million and $23.6 million in the years ended December 31, 2021, 2020 and 2019, respectively.

Income Taxes (Details) - USD ($)	12 Months Ended
Income Taxes (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Examination [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	21.00%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	2.60%	1.00%	3.60%
Fully realizable deferred tax asset	$ 53,800,000
Undistributed earnings of subsidiaries	0	$ (46,200,000)	$ (41,700,000)
Increase (decrease) in income taxes	4,500,000
Accrued Deferred Tax Liability and Recognized Tax Benefit	$ 46,200,000
Effective Income Tax Rate Reconciliation, Tax Holiday, Percent	12.00%
Corporate Tax Rate for Income Excluded from Preferred Technology Enterprise Benefits	0.23
Reduced tax rate for Special Preferred Technology Enterprise	6
Annual Revenue Requirement for Preferred Technology Enterprise	$ 10,000,000,000
Unrecognized Tax Benefits	114,200,000	$ 91,400,000	$ 58,600,000
Income Tax Examination, Penalties and Interest Accrued	9,200,000
Unrecognized tax benefits that would impact effective tax rate	104,900,000
Israel Tax Authority
Income Tax Examination [Line Items]
Operating loss carryforwards	78,700,000
Federal Ministry of Finance, Germany
Income Tax Examination [Line Items]
Operating loss carryforwards	5,600,000
FINLAND
Income Tax Examination [Line Items]
Operating loss carryforwards	$ 3,400,000
Minimum [Member]
Income Tax Examination [Line Items]
Income tax examination, limit on use (in years)	3 years
Maximum [Member]
Income Tax Examination [Line Items]
Income tax examination, limit on use (in years)	5 years

Net Income Attributable to Ordinary Stockholders (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ 308,500,000	$ 92,100,000	$ 288,900,000
Weighted Average Number of Shares Outstanding, Basic	408,900,000	384,700,000	378,000,000.0
Weighted Average Number of Shares Outstanding, Diluted	411,000,000.0	384,700,000	378,000,000.0
Earnings Per Share, Basic	$ 0.75	$ 0.24	$ 0.76
Earnings Per Share, Diluted	$ 0.75	$ 0.24	$ 0.76
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	12,305,682	8,000,000	0
Number of Common Stock Classifications (share class number)	1
Restricted stock units, granted			0
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	$ 308,500,000	$ 92,100,000	$ 288,900,000
Weighted Average Number of Shares Outstanding, Basic	408,900,000	384,700,000	378,000,000.0
Weighted Average Number of Shares Outstanding, Diluted	411,000,000.0	384,700,000	378,000,000.0
Earnings Per Share, Basic	$ 0.75	$ 0.24	$ 0.76
Earnings Per Share, Diluted	$ 0.75	$ 0.24	$ 0.76
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	12,305,682	8,000,000	0
Restricted stock units, granted			0
Share-based Payment Arrangement, Option [Member]
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	7,849,693	8,000,000
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	7,849,693	8,000,000
Restricted Stock Units (RSUs) [Member]
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,455,989	0
Restricted stock units, granted	7,515,510	19,854,800
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,455,989	0
Restricted stock units, granted	7,515,510	19,854,800

Organization and Summary of Significant Accounting Policies - Use of Estimates (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Restricted Stock Units (RSUs) [Member]
Concentration Risk [Line Items]
Restricted stock units, weighted average grant date fair value, vested (per share)	$ 21.17	$ 18.71

Interest Expense and Other, Net (Details) - USD ($)	12 Months Ended
Interest Expense and Other, Net (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest Income (Expense), Net [Abstract]
Interest Expense	$ 149,200,000	$ 198,300,000	$ 61,600,000
Interest Income (Expense), Nonoperating, Net	(800,000)	(100,000)	(1,500,000)
Foreign currency translation differences	5,700,000	5,700,000	300,000
Other Operating Income (Expense), Net	(300,000)	300,000	700,000
Interest expense and other, net	$ 153,800,000	$ 192,800,000	$ 61,100,000

Statement of Shareholders' Equity (Statement) - USD ($)	Total	Share Capital [Member]	Additional Paid-in Capital [Member]	Accumulated other comprehensive income [Member]	Retained earnings (deficit) [Member]
Beginning balance (shares) at Dec. 31, 2018		378,000,000.0
Beginning balance at Dec. 31, 2018	$ 464,700,000	$ 3,800,000	$ 202,100,000	$ 300,000	$ 258,500,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss) Attributable to Parent	288,900,000				288,900,000
Dividends	(2,365,900,000)				(2,365,900,000)
Other Comprehensive Income (Loss), Net of Tax	(3,200,000)			(3,200,000)
Ending balance (shares) at Dec. 31, 2019		378,000,000.0
Ending balance at Dec. 31, 2019	(1,615,500,000)	$ 3,800,000	202,100,000	(2,900,000)	(1,818,500,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss) Attributable to Parent	92,100,000				92,100,000
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	276,000,000.0		276,000,000.0
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures		$ 100,000	(100,000)
Issuance of shares upon vesting of RSUs (shares)		13,100,000
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(15,700,000)		(15,700,000)
Other Comprehensive Income (Loss), Net of Tax	19,600,000			19,600,000
Ending balance (shares) at Dec. 31, 2020		391,100,000
Ending balance at Dec. 31, 2020	(1,243,500,000)	$ 3,900,000	462,300,000	16,700,000	(1,726,400,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss) Attributable to Parent	308,500,000				308,500,000
Stock Issued During Period, Value, New Issues	467,700,000	$ 200,000	467,500,000
Stock issued during period, shares, new issues		18,500,000
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	103,100,000		103,100,000
Issuance of shares upon vesting of RSUs (shares)		1,500,000
Other Comprehensive Income (Loss), Net of Tax	(13,500,000)			(13,500,000)
Ending balance (shares) at Dec. 31, 2021		411,100,000
Ending balance at Dec. 31, 2021	$ (377,700,000)	$ 4,100,000	$ 1,032,900,000	$ 3,200,000	$ (1,417,900,000)

Intangible Assets Other than Goodwill (Tables)

12 Months Ended

Dec. 31, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Finite-Lived Intangible Assets

The carrying amounts and accumulated amortization expenses of the acquired intangible assets other than goodwill, net, including the impact of foreign currency exchange translation, at December 31, 2021 and 2020 were as follows (in millions):


	December 31, 2021
	Weighted average remaining useful life (in years)	Balance		December 31, 2020
Historical cost basis:
Developed games and acquired technology	5.1	$	591.0	$	481.5
Trademarks and user base	0.7	31.2		19.1
Internal use software	2.2	97.0		61.5
		719.2		562.1
Accumulated amortization
Developed games and acquired technology		(247.9)		(206.2)
Trademarks and user base		(23.0)		(19.0)
Internal use software		(31.0)		(9.2)
		(301.9)		(234.4)
Intangible assets other than goodwill, net		$	417.3	$	327.7

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2021, the total expected future amortization related to intangible assets was as follows (in millions):


2022	$	109.1
2023	88.5
2024	72.8
2025	64.7
2026 and thereafter	82.2
Total	$	417.3

Business Combinations (Details)			3 Months Ended	12 Months Ended
Business Combinations (Details)	Aug. 31, 2021 USD ($)	Jan. 16, 2019 USD ($)	Mar. 31, 2020 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jul. 30, 2019 USD ($)
Business Acquisition [Line Items]
Business combination, contingent consideration arrangements, change in amount of contingent consideration, liability				$ (5,000,000.0)	$ 17,400,000	$ 21,400,000
Business combination, acquisition related costs				33,700,000	0	4,900,000
Payments to Acquire Businesses, Net of Cash Acquired, Total				394,100,000	0	422,700,000
Interest Expense				149,200,000	$ 198,300,000	61,600,000
Supertreat GmbH [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred						149,300,000
Business combination, transition period (in months)		4 months
Business combination, contingent consideration, capped aggregate purchase price		$ 200,000,000
Payments to acquire businesses, gross		$ 90				151,200,000
Cash Acquired from Acquisition						(1,900,000)
Business Combination, Contingent Consideration, Acquisition Date Fair Value						3,600,000
Payments to Acquire Businesses, Net of Cash Acquired, Total						145,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables						2,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other						100,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment						100,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						109,900,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities						(27,500,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability						(3,600,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities						(1,800,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net						145,700,000
Seriously Holding Corp
Business Acquisition [Line Items]
Business combination, consideration transferred						269,000,000.0
Finite-lived intangible asset, useful life (in years)					8 years
Business combination, contingent consideration arrangements, range of outcomes, value, high							$ 70
Payments to acquire businesses, gross						281,200,000
Business combination, contingent consideration arrangements, change in amount of contingent consideration, liability					$ 13,700,000	0
Cash Acquired from Acquisition						(12,200,000)
Business Combination, Contingent Consideration, Acquisition Date Fair Value						1,300,000
Payments to Acquire Businesses, Net of Cash Acquired, Total						267,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables						8,000,000.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other						2,600,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment						300,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						111,300,000
Deferred tax assets						3,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities						(22,300,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability						(1,300,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities						(23,700,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net						267,700,000
Reworks acquisition
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 427,800,000
Payments to acquire businesses, gross	438,700,000
Cash Acquired from Acquisition	(10,900,000)
Business Combination, Contingent Consideration, Acquisition Date Fair Value	33,700,000
Payments to Acquire Businesses, Net of Cash Acquired, Total	394,100,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	9,400,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	143,000,000.0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(28,600,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities	(8,600,000)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	394,100,000
Payments of Merger Related Costs, Financing Activities	$ 400,000,000
Additional cash consideration for business combination	20.00%
Earnout payout EBITDA amount below minimum	$ 10,300,000
Earnout Payment	$ 1
Business combination fair value favorable adjustment				6,500,000
Business Combination, Contingent Consideration, Liability, Noncurrent				28,700,000	$ 0
Shares acquired in business combination, percentage	0.80
Business Combination, Contingent Consideration, Earn Out Payment	$ 54,200,000
Shares acquired in business combination, percentage	0.80
Reworks acquisition \| Employee-related current liability
Business Acquisition [Line Items]
Deferred Compensation Liability, Current				11,000,000
Technology Assets and Assembled Workforces
Business Acquisition [Line Items]
Asset Acquisition, Consideration Transferred, Contingent Consideration						5.0
Acquired workforce
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired, Total			$ 12,100,000
General and Administrative Expense [Member] \| Supertreat GmbH [Member]
Business Acquisition [Line Items]
Finite-lived intangible asset, useful life (in years)					8 years
Business combination, acquisition related costs						1,000,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability, Fair Value Adjustment					$ 3,700,000	21,400,000
General and Administrative Expense [Member] \| Seriously Holding Corp
Business Acquisition [Line Items]
Business acquisition, transaction costs					1,500,000
General and Administrative Expense [Member] \| Reworks acquisition
Business Acquisition [Line Items]
Business acquisition, transaction costs					$ 1,000,000
Interest Expense				1,500,000
General and Administrative Expense [Member] \| Technology Assets and Assembled Workforces
Business Acquisition [Line Items]
Acquired workforce recruiting expense						$ 32,600,000
Other Income \| Reworks acquisition
Business Acquisition [Line Items]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset				$ (5,000,000)
Minimum [Member] \| Reworks acquisition
Business Acquisition [Line Items]
Earnout payout EBITDA calculated amount	$ 10,300,000
Maximum [Member] \| Reworks acquisition
Business Acquisition [Line Items]
Earnout payout EBITDA calculated amount	$ 200,000,000

Subsequent Events (Notes)	12 Months Ended
Subsequent Events (Notes)	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On February 7, 2022, the Company’s Compensation Committee approved the grant of performance stock units (“PSUs”) to certain of our executive officers, including our named executive officers, pursuant to the Company’s 2020 Incentive Award Plan, as amended. Should all of the performance targets be met and all outstanding PSUs vest, the Company expects to recognize approximately $54 million in expense over the next four years. The Company’s Compensation Committee also approved the grant of RSUs and options to certain employees other than our executive officers for which the Company expects to recognize approximately $106 million in expense over the next four years. In February 2022, Russia launched a military invasion into Ukraine. The Company has a significant research and development center in Ukraine. At this time, the Company is unable to estimate any specific impact to its business, financial condition or results of operations.

Income Taxes (Notes)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Tax Disclosure

INCOME TAXES

Israeli taxation

The Company believes that certain of its Israeli subsidiaries qualify as a Preferred Technology Enterprises, entitled to a special tax track, under the Israeli Investment Law, 5719-1959 (the “Investment Law”) and accordingly are eligible for a reduced corporate tax rate of 12% on their preferred technology income, as defined in the Investment Law, beginning from tax year 2017 and onwards. A Preferred Technology Enterprise becomes a Special Preferred Technology Enterprise and is entitled to a reduced corporate tax rate of 6% on their preferred technology income when the worldwide revenues reach ILS 10 billion annually. The Company expects that the Israeli subsidiaries qualifying as Preferred Technology Enterprises in the current year will continue to qualify as Preferred Technology Enterprises or become Special Preferred Technology Enterprises in subsequent tax years.

Income not eligible for Preferred Technology Enterprise benefits is taxed at the regular corporate tax rate at 23% since 2018 and after.

Other foreign subsidiaries

Non-Israeli subsidiaries are taxed according to the tax laws in their respective countries of residence.

Net operating loss carry-forwards

The Company has net operating loss carryforwards in certain jurisdictions, including Israel, Germany and Finland of $78.7 million, $5.6 million, and $3.4 million, respectively. The net operating losses in Israel and Germany are carried forward indefinitely. The net operating losses in the Finland expire from 2029 through 2031.

The Company’s income tax return is subject to examination by federal, state and non-U.S. tax authorities. The 2018-2020 U.S. federal income tax filings are currently open tax years available for examination by the IRS. U.S. state tax jurisdictions have statutes of limitation generally ranging from three to five years, with the earliest open tax year for the Company being 2016. Years still open to examination by tax authorities in Israel, which is the main jurisdiction other than the U.S. are 2017-2020. The Israeli tax authorities are currently examining tax years 2017-2019.

Deferred tax assets and liabilities

Deferred taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts recorded for tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows (in millions):


	December 31,
	2021		2020
Deferred tax assets
Net operating loss carry-forwards	$	15.1	$	14.0
Accrued employee costs	6.6		7.0
Research and development expenses	30.4		22.3
Operating lease liabilities	16.9		14.7
Stock-based compensation	7.4		3.6
Interest expense	19.9		11.7
Foreign tax credit carryforward	37.2		37.2
Other	9.3		7.1
Deferred tax assets	142.8		117.6
Valuation allowances	(53.8)		(49.9)
Net deferred tax assets	89.0		67.7
Deferred tax liabilities
Intangible assets	(67.2)		(53.2)
Undistributed earnings of subsidiaries	—		(46.2)
Debt issuance costs	(7.1)		—
Property and equipment	(10.3)		(11.5)
Operating lease right-of-use assets	(15.3)		(13.0)
Other	(4.5)		(1.7)
Deferred tax liabilities	(104.4)		(125.6)
Net deferred tax assets (liabilities)	$	(15.4)	$	(57.9)

Deferred taxes are reported in the accompanying consolidated balance sheets as follows (in millions):


	December 31,
	2021		2020
Deferred tax assets, net	$	38.3	$	28.5
Deferred tax liabilities, net	(53.7)		(86.4)
Net deferred tax (liabilities) assets	$	(15.4)	$	(57.9)

Based on available evidence, management believes it is not more-likely-than-not that $53.8 million U.S. and Israel deferred tax assets will be fully realizable. Accordingly, in those jurisdictions, the Company has recorded a valuation allowance against these assets. The Company regularly reviews the deferred tax assets for recoverability based on all of the available positive and negative evidence, with a focus on historical taxable income, projected future taxable income, the expected timing of the reversals of existing taxable temporary differences and tax planning strategies by jurisdiction.

The Company previously considered the earnings of certain of its non-U.S. subsidiaries to not be indefinitely reinvested since the cash generated from some of the foreign subsidiaries would be used to service the long-term debt in the U.S. As a result of this assertion, the impact of a repatriation of the undistributed earnings resulted in recording a deferred tax liability consisting of potential withholding and distribution taxes of $41.7 million as of December 31, 2019. For the year ended December 31, 2020, the Company accrued an additional $4.5 million of deferred tax liability. Such deferred taxes were recognized as tax expense. As a result of the changes to the Credit Agreement, primarily a reduction in the interest rate, in addition to other considerations, the Company has reevaluated its assertion and now considers the earnings of all its non-U.S. subsidiaries to be indefinitely reinvested. For the year ended December 31, 2021, the Company reversed the previously accrued deferred tax liability and recognized $46.2 million of tax benefit. As of December 31, 2021, the Company asserts that the undistributed earnings of its non-U.S. subsidiaries will be indefinitely reinvested, and determination of the amount of any deferred income or withholding tax liability on these earnings is not practicable because of the complexities of the hypothetical calculation.

Income before income taxes is comprised as follows (in millions):


	Year ended December 31,
	2021		2020		2019
Domestic (U.S.)	$	52.9	$	(48.5)	$	91.9
Foreign	355.5		242.9		344.4
Income before taxes on income	$	408.4	$	194.4	$	436.3

Effective income tax rate reconciliations:


	Year ended December 31,
	2021		2020		2019
US statutory tax rate	21.0	%	21.0	%	21.0	%
Foreign tax rate differentials	2.6	%	1.0	%	3.6	%
Effect of “Preferred Technology Enterprise” status	(6.4)	%	(6.9)	%	(8.5)	%
Nondeductible stock-based compensation	2.0	%	14.2	%	—	%
162(m) Limitation	1.1	%	—	%	—	%
GILTI and Foreign adjustments	6.3	%	—	%	—	%
Permanent items	0.3	%	2.4	%	1.3	%
Change in valuation allowance	0.9	%	1.3	%	2.4	%
Change in uncertain tax positions	5.8	%	18.5	%	3.2	%
Repatriation of undistributed dividends	(11.3)	%	2.3	%	9.5	%
Return-To-Provision Adjustments	1.7	%	(1.0)	%	(1.4)	%
Other	0.5	%	(0.2)	%	2.7	%
Effective tax rate	24.5	%	52.6	%	33.8	%

The provision for income taxes is comprised as follows (in millions):


	Year ended December 31,
	2021		2020		2019
Current	$	172.3	$	115.4	$	106.6
Deferred	(72.4)		(13.1)		40.8
Total	$	99.9	$	102.3	$	147.4

Domestic (U.S.)	$	(19.6)	$	7.6	$	21.1
Foreign	119.5		94.7		126.3
Total	$	99.9	$	102.3	$	147.4


	Year ended December 31,
	2021		2020		2019
U.S. Federal
Current	$	24.9	$	2.4	$	12.0
Deferred	(48.5)		(1.1)		5.0
Total	$	(23.6)	$	1.3	$	17.0
U.S. State
Current	$	3.5	$	7.8	$	3.3
Deferred	0.5		(1.5)		0.8
Total	$	4.0	$	6.3	$	4.1
Foreign
Current	$	143.9	$	105.2	$	91.3
Deferred	(24.4)		(10.5)		35.0
Total	$	119.5	$	94.7	$	126.3

Uncertain tax positions

A reconciliation of the opening and closing balances of total unrecognized tax benefits is as follows (in millions):


	Year ended December 31,
	2021		2020
Balance as of January 1	$	91.4	$	58.6
Increases in respect of tax positions related to the current year	23.4		20.0
Increases in respect of tax positions related to prior years	9.1		9.7
Increases in respect of exchange rate fluctuations	3.9		4.3
Reductions in respect of settlements with authorities	(12.7)		—
Reductions in respect of expirations of statute of limitations	(0.9)		(1.2)
Balance as of December 31	$	114.2	$	91.4

The balance of total unrecognized tax benefits at December 31, 2021 is $104.9 million which, if recognized, would affect the effective tax rate in the Company's consolidated statements of comprehensive income. The balance of the accrual relating to interest and penalties as of December 31, 2021 is $9.2 million. The Company believes that it is reasonably possible that the total amount of unrecognized tax benefits could change significantly within 12 months of the reporting date as a result of the open examination in Israel for the tax years ended 2017 through 2019. The nature of this uncertainty primarily relates to qualification of certain income as qualified income under the Preferred Technology Enterprise tax regimes. However, a reasonable estimate of the range of possible changes cannot be made at this time.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Appreciation and Retention Plans (Details) - USD ($)		12 Months Ended
Appreciation and Retention Plans (Details) - USD ($)	Oct. 01, 2020	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retention Bonus and Appreciation Unit Award - 2017-2020 Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, compensation expense					$ 112,700,000	$ 67,600,000	$ 72,700,000
Retention Pool - 2021-2024 Plan
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, contributions by employer					$ 25,000,000
Retention plan adjusted EBITDA (percentage)					14.00%
Deferred compensation arrangement with individual, appreciation units cancelled (appreciation units)	43,000
Deferred compensation arrangement with individual, distribution paid	$ 0
Retention Pool - 2021-2024 Plan \| Certain Participants
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, distribution paid by term (in days)					60 days
Retention Pool - 2021-2024 Plan \| Other Participants
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, distribution paid by term (in days)					60 days
Retention Pool - 2021-2024 Plan \| Subsequent Event
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, contributions by employer		$ 25,000,000	$ 25,000,000	$ 25,000,000
Retention plan adjusted EBITDA (percentage)		15.00%	15.00%	14.50%
Development-related retention payments of key individuals
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, compensation expense					$ 21,300,000	$ 15,100,000	$ 18,400,000

Net Income Attributable to Ordinary Stockholders (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted net income per share attributable to ordinary stockholders (in millions, except per share data):


	Year ended December 31,
	2021		2020		2019
Numerator:
Net income	$	308.5	$	92.1	$	288.9
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic	408.9		384.7		378.0
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted	411.0		384.7		378.0
Net income per share, basic	$	0.75	$	0.24	$	0.76
Net income per share, diluted	$	0.75	$	0.24	$	0.76

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following outstanding employee equity awards were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive for the periods presented:


	Year ended December 31,
	2021	2020
Stock options	7,849,693	8,000,000
RSUs	4,455,989	—
Total	12,305,682	8,000,000

Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Debt


	December 31, 2021						December 31, 2020
(in millions, except interest rates)	Maturity	Interest rate(s)	Book value		Face value		Book value
Term Loan	2028	2.850%	$	1,843.8	$	1,885.8	$	2,314.4
Senior Notes	2029	4.250%	591.3		600.0		—
Revolving Credit Facility	2026	n/a	—		—		—
Total debt			2,435.1		2,485.8		2,314.4
Less: Current portion of long-term debt			(12.2)		(19.0)		(104.6)
Long-term debt			$	2,422.9	$	2,466.8	$	2,209.8

Schedule of Maturities of Long-term Debt

The scheduled principal payments due on long-term debt are as follows (in millions):


2022	$	19.0
2023	19.0
2024	19.0
2025	19.0
2026 and thereafter	2,409.8
Total	$	2,485.8

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred Tax Assets, Net [Abstract]
Deferred Tax Assets, Operating Loss Carryforwards	$ 15,100,000	$ 14,000,000.0
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits	6,600,000	7,000,000.0
Deferred Tax Assets, in Process Research and Development	30,400,000	22,300,000
Operating lease liabilities	16,900,000	14,700,000
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	7,400,000	3,600,000
Deferred Tax Asset, Interest Carryforward	19,900,000	11,700,000
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	37,200,000	37,200,000
Deferred Tax Assets, Other	9,300,000	7,100,000
Deferred Tax Assets, Gross, Total	142,800,000	117,600,000
Deferred Tax Assets, Valuation Allowance	(53,800,000)	(49,900,000)
Deferred Tax Assets, Net of Valuation Allowance, Total	89,000,000.0
Deferred Tax Liabilities, Net [Abstract]
Intangible assets	(67,200,000)	(53,200,000)
Undistributed earnings of subsidiaries	0	(46,200,000)	$ (41,700,000)
Deferred Tax Liabilities, Deferred Expense, Debt Issuance Costs	(7,100,000)	0
Deferred Tax Liabilities, Property, Plant and Equipment	(10,300,000)	(11,500,000)
Deferred Tax Liabilities, Leasing Arrangements	(15,300,000)	(13,000,000.0)
Other	4,500,000	1,700,000
Deferred Tax Liabilities, Gross	(104,400,000)	(125,600,000)
Deferred Tax Liabilities, Net	$ (15,400,000)	(57,900,000)
Deferred Tax Assets, Net		$ (67,700,000)

Commitment and Contingencies (Notes)	12 Months Ended
Commitment and Contingencies (Notes)	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure	COMMITMENTS AND CONTINGENCIES In December 2016, a copywriter lawsuit was filed against Wooga GmbH (a subsidiary of the Company) in the regional court of Berlin, Germany. The Plaintiff is suing for additional remuneration to his contributions for a storyline provided for one of Wooga's games and alleged reuse of parts of that storyline in one of Wooga’s other games. As of December 31, 2021, the Company has recorded in its financial statements a reserve based upon its best estimate outcome. It is possible that any final amounts payable in connection with this lawsuit could exceed the Company’s currently reserved best estimate. In November 2013, the Company’s subsidiary, Playtika, Ltd., sent an initial demand letter to Enigmatus s.r.o., a game developer in the Czech Republic, which owns various U.S. trademark registrations that resemble the Company’s Sloto-formative trademark names, demanding that it cease use of the trademark Slotopoly. In response, Enigmatus s.r.o. asserted that it was the owner of the Sloto-formative trademarks and denied that its game title infringed the Company’s trademarks. Enigmatus s.r.o. applied to register one of the Company’s trademarks in the United Kingdom and European Union, and the Company successfully opposed its applications. In December 2016, Enigmatus s.r.o., filed a trademark infringement lawsuit, Enigmatus, s.r.o. v. Playtika LTD and Caesars Interactive Entertainment, Inc., against Playtika, Ltd. and Caesars Interactive Entertainment LLC in the Federal Court of Canada asserting that the Company’s use of the Slotomania trademarks violates its proprietary and trademark rights. The plaintiff sought injunctive relief and monetary damages. Pleadings have been exchanged and the lawsuit is in the discovery stage. No trial date has been scheduled. The Company has defended this case vigorously and will continue to do so. As the case is in preliminary stages, the Company cannot estimate what impact, if any, the litigation may have on its results of operations, financial condition or cash flows. On October 26, 2020, a patent infringement claim was filed against Playtika Holding Corp., Playtika Ltd. and Caesars Interactive Entertainment LLC in U.S. District Court, District of Nevada. The Plaintiff alleged that the defendants are infringing certain patents in the field of communication and the transferring of images between the gaming server and the end device on certain of its social casino games. The Plaintiff is seeking monetary damages. On April 7, 2021, following the Company’s preliminary motions for dismissal and stay, the Company’s motion for stay was approved by the court pending ruling on motions to dismiss. On July 7, 2021, the Court issued an order finding each of the Plaintiff’s asserted patents invalid as failing to comply with certain legal requirements and dismissing the lawsuit as to all parties. On July 19, 2021, the Plaintiff filed an appeal. Playtika Holding Corp. and Playtika Ltd. intend to defend the case vigorously. On November 23, 2021, we and our directors and certain of our officers were named in a putative class action lawsuit filed in the United States District Court for the Eastern District of New York (Bar-Asher v. Playtika Holding Corp. et al.). The complaint is allegedly brought on behalf of a class of purchasers of our securities between January 15, 2021 and November 2, 2021, and alleges violations of federal securities laws arising out of alleged misstatements or omissions by the defendants during the alleged class period. The complaint seeks, among other things, damages and attorneys’ fees and costs on behalf of the putative class. As the case is in preliminary stages, the Company cannot estimate what impact, if any, the litigation may have on its results of operations, financial condition or cash flows.”

Goodwill (Details) - USD ($)	12 Months Ended
Goodwill (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 788,100,000	$ 484,800,000	$ 474,200,000
Goodwill, Acquired During Period	312,600,000	0
Goodwill, Foreign Currency Translation Gain (Loss)	(9,300,000)	(10,600,000)
Goodwill	788,100,000	484,800,000	474,200,000
Asset Impairment Charges	$ 0	$ 0	$ 0

Prepaid Expenses and Other Current Assets (Notes)

12 Months Ended

Dec. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Current Assets

PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets at December 31, 2021 and 2020 are as follows (in millions):


	December 31,
	2021		2020
Government authorities	$	39.6	$	72.2
Prepaid expenses	11.3		12.0
Deferred charges	9.4		5.8
Other	12.6		11.6
Total prepaid expenses and other current assets	$	72.9	$	101.6

Net Income Attributable to Ordinary Stockholders (Notes)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

NET INCOME ATTRIBUTABLE TO ORDINARY STOCKHOLDERS

The following table sets forth the computation of basic and diluted net income per share attributable to ordinary stockholders (in millions, except per share data):


	Year ended December 31,
	2021		2020		2019
Numerator:
Net income	$	308.5	$	92.1	$	288.9
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic	408.9		384.7		378.0
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted	411.0		384.7		378.0
Net income per share, basic	$	0.75	$	0.24	$	0.76
Net income per share, diluted	$	0.75	$	0.24	$	0.76

The following outstanding employee equity awards were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive for the periods presented:


	Year ended December 31,
	2021	2020
Stock options	7,849,693	8,000,000
RSUs	4,455,989	—
Total	12,305,682	8,000,000

As the Company only had one class of common shares outstanding prior to June 2020 and had no awards granted under any equity plan, there were no equity awards excluded from the computation of earnings per share for the year ended December 31, 2019.

Organization and Summary of Significant Accounting Policies - Employee Related Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Severance costs	$ 7,100,000	$ 5,700,000	$ 4,600,000
Annual Retention Bonus For Each Plan Year	4 years
Retention plan 2017 - 2020
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation arrangement with individual, contributions by employer	$ 25,000,000

Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Dec. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure

Prepaid expenses and other current assets at December 31, 2021 and 2020 are as follows (in millions):


	December 31,
	2021		2020
Government authorities	$	39.6	$	72.2
Prepaid expenses	11.3		12.0
Deferred charges	9.4		5.8
Other	12.6		11.6
Total prepaid expenses and other current assets	$	72.9	$	101.6

Organization and Summary of Significant Accounting Policies - Property Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2021
Minimum [Member] \| Developed games and acquired technology
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life (in years)	1 year
Minimum [Member] \| Trademarks and user base
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life (in years)	1 year
Maximum [Member] \| Developed games and acquired technology
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life (in years)	10 years
Maximum [Member] \| Trademarks and user base
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life (in years)	5 years
Maximum [Member] \| Right to receive cash payments
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life (in years)	3 years
Computer and peripheral equipment \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Computer and peripheral equipment \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	5 years
Office furniture and equipment \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	4 years
Office furniture and equipment \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	14 years
Vehicles and aircraft \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years
Vehicles and aircraft \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	7 years
Software and Software Development Costs
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (in years)	3 years

Income Taxes - Schedule of Income Before Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income (Loss) from Continuing Operations before Income Taxes, Domestic	$ (52,900,000)	$ (48,500,000)	$ (91,900,000)
Income (Loss) from Continuing Operations before Income Taxes, Foreign	355,500,000	242,900,000	344,400,000
Income (Loss) Attributable to Parent, before Tax	$ 408,400,000	$ 194,400,000	$ 436,300,000

Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lessee, Operating Leases

LEASES

The Company's leases include office real estate and data center leases for its facilities worldwide, which are all classified as operating leases, and which expire on various dates, the latest of which is April 2031. Certain lease agreements include rental payments that are adjusted periodically for the consumer price index ("CPI"). The ROU asset and lease liability were calculated using the initial CPI and will not be subsequently adjusted. Certain leases include renewal options that are reasonably certain to be exercised.

Supplemental balance sheet information related to leases is as follows (in millions):


	December 31, 2021
Operating lease right-of-use assets, gross	$	133.9
Accumulated amortization	(44.5)
Operating lease right-of-use assets, net	$	89.4

The following is a summary of weighted average remaining lease terms and discount rates for all of the Company's operating leases:


	December 31, 2021
Weighted average remaining lease term (years)	6.1
Weighted average discount rates	3.4	%

Total operating lease expense was $21.8 million, $16.7 million and $12.3 million for the years ended December 31, 2021, 2020 and 2019, respectively. Cash paid for amounts included in the measurement of operating lease liabilities was $21.5 million, $15.4 million and $10.2 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Maturities of lease liabilities are as follows (in millions):


2022	$	20.3
2023	22.5
2024	19.7
2025	14.2
2026 and thereafter	32.3
Total undiscounted cash flows	109.0
Less: imputed interest	(9.5)
Present value of lease liabilities	$	99.5

The table above excludes approximately $25 million in lease obligations associated with leases that are currently under negotiation or that start after January 1, 2022.

Derivative Instruments and Hedging Activities	12 Months Ended
Derivative Instruments and Hedging Activities	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure	DERIVATIVE INSTRUMENTS Interest Rate Swap Agreements In March 2021, the Company entered into two interest rate swap agreements, each with a notional value of $250 million. Each of these swap agreements is with a different financial institution as the counterparty to reduce the Company’s counterparty risk. Each swap requires the Company to pay a fixed interest rate of 0.9275% in exchange for receiving one-month LIBOR. The interest rate swap agreements settle monthly commencing in April 2021 through their termination dates on April 30, 2026. The estimated fair value of the Company’s interest rate swap agreements is derived from a discounted cash flow analysis. The aggregate fair value of the Company’s interest rate swap agreements was an asset of $5.5 million as of December 31, 2021 and was recorded between accrued expenses and other current liabilities and other non-current assets in the accompanying consolidated balance sheets based upon the timing of the underlying expected cash flows. Foreign currency hedge agreements The Company has also entered into multiple derivative contracts for the future purchase of ILS, RON and PLN. At December 31, 2021, we had entered into derivative contracts to purchase certain foreign currencies, including ILS, RON and PLN, at future dates. The approximate amount of hedges was equal to $71.2 million, and all contracts are expected to mature during the upcoming 12 months.. The aggregate fair value of the Company’s derivative contracts was $1.3 million as of December 31, 2021 and was recorded in prepaid expenses and other current assets in the accompanying consolidated balance sheets.

Organization and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Description of Business and Organization

Description of business and organization

Basis of Accounting, Policy

Basis of presentation and consolidation

Use of Estimates, Policy

Use of estimatesThe preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions. The Company's management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Foreign Currency Transactions and Translations Policy

Financial statements in United States dollars

Concentration Risk, Credit Risk, Policy

Concentration of credit risk and significant customers

The following table summarizes the major accounts receivable of the Company as a percentage of the total accounts receivable:


	December 31,
	2021	2020
	%
Apple	42	38
Google	34	35
Facebook	8	11

Accounts Receivable

Cash and Cash Equivalents, Policy

Cash and cash equivalents

Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy

Restricted cashRestricted cash primarily consists of deposits to secure obligations under the Company's operating lease agreements and to secure company-issued credit cards

Internal Use Software, Policy

Software development costs

Business Combinations Policy

Business combination

Goodwill and Intangible Assets, Goodwill, Policy

Goodwill

Goodwill and Intangible Assets, Intangible Assets, Policy

Intangible assets other than goodwill, net

Intangible assets other than goodwill are amortized over their estimated useful lives using the straight-line method, using the following ranges of useful lives:

Lessee, Leases

Leases

Advertising Cost

Advertising expenses

Share-based Payment Arrangement

Stock-based compensation expense

The Company uses the estimated fair value of equity and associated per-share value at the time of grant to determine the compensation cost to be recognized associated with RSUs granted.

Significant factors, assumptions, and methodologies used in estimating fair value of equity prior to the IPO

Income Tax, Policy

Income taxes

The Company classifies interest and penalties on income taxes (which includes uncertain tax positions) as taxes on income. See Note 17, Income Taxes, for additional discussion.

Earnings Per Share, Policy

Net income per share attributable to common stockholdersFor all periods, basic net income per share is calculated by dividing net income by the weighted-average common shares outstanding. Diluted net income per share reflects the effect of all potentially dilutive common shares outstanding by dividing net income by the weighted-average of all common and potentially dilutive shares outstanding. In the event of a loss, diluted shares would not be considered because of their anti-dilutive effect

Compensation Related Costs, Policy

Employee related benefits

Appreciation and retention plan

In addition, an annual retention bonus for each of the four years in the 2017-2020 Plan, in the amount of $25 million was distributed to selected eligible employees of the 2017-2020 Plan.

Severance pay

Expense resulting from contributions in accordance with Section 14 for the years ended December 31, 2021, 2020 and 2019 was $7.1 million, $5.7 million and $4.6 million, respectively.

Fair Value of Financial Instruments, Policy

Fair value of financial instruments

Level 1 - Quoted prices in active markets for identical assets or liabilities.

Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Initial Public Offering

Playtika Holding Corp.’s initial public offering

Equity securities

Investment in unconsolidated entities

Short term bank deposits

Short-term bank deposits

Property, Plant and Equipment, Policy

Property and equipment, net

The depreciation periods for the Company's property and equipment are as follows:


			Useful life
Computers and peripheral equipment			3 to 5 years
Office furniture and equipment			4 to 14 years
Vehicles and aircraft			3 to 7 years
Leasehold improvements			Shorter of the estimated useful life or remaining term of lease

Impairment or Disposal of Long-Lived Assets, Policy

Impairment of long-lived assets

Revenue from Contract with Customer

Revenue recognition

Sales and other taxes collected from customers on behalf of governmental authorities are accounted for on a net basis and are not included in revenues or operating expenses.

Derivatives, Policy

Derivative Instruments

in the Company’s future expected cash flows due to the fluctuation of the one-month LIBOR rate associated with its variable rate debt.

Intangible Assets Other than Goodwill (Notes)

12 Months Ended

Dec. 31, 2021

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets Disclosure

INTANGIBLE ASSETS OTHER THAN GOODWILL


	December 31, 2021
	Weighted average remaining useful life (in years)	Balance		December 31, 2020
Historical cost basis:
Developed games and acquired technology	5.1	$	591.0	$	481.5
Trademarks and user base	0.7	31.2		19.1
Internal use software	2.2	97.0		61.5
		719.2		562.1
Accumulated amortization
Developed games and acquired technology		(247.9)		(206.2)
Trademarks and user base		(23.0)		(19.0)
Internal use software		(31.0)		(9.2)
		(301.9)		(234.4)
Intangible assets other than goodwill, net		$	417.3	$	327.7

Acquisition-related intangibles included in the above table are finite-lived and are being amortized on a straight-line basis over their estimated lives, which approximates the pattern in which the economic benefits of the intangible assets are realized. The Company has included amortization of acquired intangible assets directly attributable to revenue-generating activities in cost of revenue. The Company has included amortization of acquired intangible assets not directly attributable to revenue-generating activities in operating expenses.

During the years ended December 31, 2021, 2020 and 2019, the Company recorded amortization expense in the amounts of $103.0 million, $81.6 million and $49.4 million, respectively.

There was no impairment of intangible assets in the years ended December 31, 2021, 2020 and 2019.

As of December 31, 2021, the total expected future amortization related to intangible assets was as follows (in millions):


2022	$	109.1
2023	88.5
2024	72.8
2025	64.7
2026 and thereafter	82.2
Total	$	417.3

Accrued Expenses and Other Current Liabilities (Notes)

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities at December 31, 2021 and 2020 are as follows (in millions):


	December 31,
	2021		2020
Employees and related expenses	$	167.8	$	173.8
Tax accruals	162.5		130.5
Accrued expenses	132.7		121.6

Deferred revenues	31.6		21.3
Accrued litigation settlement	—		37.6

Total accrued expenses and other current liabilities	$	494.6	$	484.8

Stockholders' Equity (Deficit), Equity Transactions and Stock Incentive Plan - Stock Options (Details Textuals) - $ / shares		12 Months Ended
	Jan. 15, 2021	Dec. 31, 2021	Dec. 31, 2020	May 26, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, fair value assumptions, risk free interest rate (percentage)		42.00%	98.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 10,160,000	$ 8,580,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate		3820.00%	4800.00%
Share issued and outstanding prior to stock split				94,500
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period (in years)		4 years
Share-based compensation arrangement by share-based payment award, award vesting rights (percentage)	25.00%	25.00%
Remaining percentage of awards to vested in equal installments (percentage)		75.00%
Remaining award vesting periods (in years)		3 years
Share-based compensation arrangement by share-based payment award, options, vested and expected to vest, exercisable, weighted average remaining contractual term (in years)		10 years

Statement of Financial Position, Classified (Statement) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Assets, Current [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 1,017,000,000	$ 520,100,000
Short term bank deposits	100,100,000	0
Restricted Cash	2,000,000.0	3,500,000
Accounts receivable	143,700,000	129,300,000
Prepaid expenses and other current assets	72,900,000	101,600,000
Assets, Current, Total	1,335,700,000	754,500,000
Property, Plant and Equipment, Net	103,300,000	98,500,000
Operating lease, right of use asset, net	89,400,000	73,400,000
Intangible Assets, Net (Excluding Goodwill)	417,300,000	327,700,000
Goodwill	788,100,000	484,800,000
Deferred Income Tax Assets, Net	38,300,000	28,500,000
Equity Securities, FV-NI, Noncurrent	17,800,000	1,500,000
Other Assets, Noncurrent	13,400,000	7,300,000
Assets, Total	2,803,300,000	1,776,200,000
Liabilities, Current [Abstract]
Long-term Debt, Current Maturities	12,200,000	104,600,000
Accounts Payable	45,700,000	34,600,000
Operating Lease, Liability, Current	17,200,000	16,400,000
Accounts Payable and Other Accrued Liabilities, Current	494,600,000	484,800,000
Liabilities, Current, Total	569,700,000	640,400,000
Long-term Debt	2,422,900,000	2,209,800,000
Employee-related Liabilities	23,700,000	16,100,000
Operating Lease, Liability, Noncurrent	82,300,000	67,000,000.0
Deferred Income Tax Liabilities, Net	53,700,000	86,400,000
Liabilities	3,181,000,000	3,019,700,000
Stockholders' Equity Note [Abstract]
Common Stock, Value, Issued	4,100,000	3,900,000
Additional Paid in Capital	1,032,900,000	462,300,000
Accumulated Other Comprehensive Income (Loss), Net of Tax	3,200,000	16,700,000
Retained Earnings (Accumulated Deficit)	(1,417,900,000)	(1,726,400,000)
Stockholders' Equity Attributable to Parent, Total	(377,700,000)	(1,243,500,000)
Liabilities and Equity, Total	2,803,300,000	1,776,200,000
Reworks acquisition
Liabilities, Current [Abstract]
Business Combination, Contingent Consideration, Liability, Noncurrent	$ 28,700,000	$ 0

Stockholders' Equity (Deficit), Equity Transactions and Stock Incentive Plan - Schedule of Outstanding Restricted Stock Units (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Restricted stock units, granted			0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	$ 30.62
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Restricted stock units, outstanding at January 1, 2020	5,944,800	0
Restricted stock units, granted	7,515,510	19,854,800
Restricted stock units, vested	(1,512,218)	(13,910,000)
Restricted stock units, cancelled	573,008	0
Restricted stock units, outstanding at December 31, 2020	11,375,084	5,944,800	0
Restricted stock units, weighted average grant date fair value, granted (per share)	$ 28.23	$ 19.41
Restricted stock units, weighted average grant date fair value, vested (per share)	21.17	18.71
Restricted stock units, weighted average grant date fair value, outstanding (per share)	$ 25.29	$ 21.04
Restricted stock units, total fair value of shares vested, vested (dollars)	$ 26,600,000	$ 260,100,000

Organization and Summary of Significant Accounting Policies - Income Taxes (Details)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Tax benefit percentage of largest cumulative basis (percentage)	50.00%

Organization and Summary of Significant Accounting Policies- Initial Public Offering (Details) - USD ($)		12 Months Ended
	Jan. 20, 2021	Dec. 31, 2021
Accounting Policies [Abstract]
Stock Issued During Period, Value, New Issues	$ 468,000,000	$ 467,700,000
Significant Accounting Policies [Line Items]
Stock issued during period, shares, new issues	79,925,000
Stock Issued During Period, Value, New Issues	$ 468,000,000	$ 467,700,000
Playtika Holdings Corp
Significant Accounting Policies [Line Items]
Stock issued during period, shares, new issues	18,518,500
Playtika Holdings UK [Member]
Significant Accounting Policies [Line Items]
Stock issued during period, shares, new issues	61,406,500
IPO
Significant Accounting Policies [Line Items]
Sale of Stock, Price Per Share	$ 27.00

Intangible Assets Other than Goodwill - Schedule of Acquired Intangible Assets Other than Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Historical cost basis	$ 719,200,000	$ 562,100,000
Accumulated amortization	(301,900,000)	(234,400,000)
Intangible assets other than goodwill, net	417,300,000	327,700,000
Amortization of Intangible Assets	103,000,000.0	81,600,000	$ 49,400,000
Developed games and acquired technology
Acquired Finite-Lived Intangible Assets [Line Items]
Historical cost basis	591,000,000.0	481,500,000
Accumulated amortization	$ (247,900,000)	(206,200,000)
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years 1 month 6 days
Trademarks and users base
Acquired Finite-Lived Intangible Assets [Line Items]
Historical cost basis	$ 31,200,000	19,100,000
Accumulated amortization	$ (23,000,000.0)	(19,000,000.0)
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 months 12 days
Internal use software
Acquired Finite-Lived Intangible Assets [Line Items]
Historical cost basis	$ 97,000,000.0	61,500,000
Accumulated amortization	$ (31,000,000.0)	$ (9,200,000)
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	2 years 2 months 12 days

Leases - Maturities of Lease Liabilities (Details)	Dec. 31, 2021 USD ($)
Leases [Abstract]
Maturities of lease liabilities, 2022	$ 20,300,000
Maturities of lease liabilities, 2023	22,500,000
Maturities of lease liabilities, 2024	19,700,000
Maturities of lease liabilities, 2025	14,200,000
Maturities of lease liabilities, 2026 and thereafter	32,300,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	109,000,000.0
Operating lease imputed interest	9,500,000
Lessee, Operating Lease, Liability, to be Paid, Total	$ 99,500,000

Consolidated Balance Sheets - Parentheticals	Dec. 31, 2020 USD ($) $ / shares shares
Statement of Financial Position [Abstract]
Common stock of par value authorized (per share) \| $ / shares	$ 0.01
Common Stock, Shares Authorized	400,000,000
Common Stock, Shares, Issued	391,067,200
Common Stock, Shares Authorized	400,000,000
Common Stock, Shares, Issued	391,067,200
Common Stock, Value, Outstanding \| $	$ 391,067,200
Common stock of par value authorized (per share) \| $ / shares	$ 0.01

Stockholders' Equity (Deficit), Equity Transactions and Stock Incentive Plan - Stock Incentive Plan (Details) - shares	1 Months Ended
	Jan. 31, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares available for grant		386,104
2020 Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of additional shares authorized	14,335,499
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares available for grant		42,190,299

Statement of Comprehensive Income (Statement) - USD ($)	12 Months Ended
Statement of Comprehensive Income (Statement) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 2,583,000,000	$ 2,371,500,000	$ 1,887,600,000
Costs and Expenses [Abstract]
Cost of Revenue	729,000,000.0	712,200,000	566,300,000
Research and Development Expense	386,700,000	268,900,000	210,500,000
Selling and Marketing Expense	581,700,000	502,000,000.0	413,700,000
General and Administrative Expense	323,400,000	501,200,000	199,700,000
Costs and Expenses, Total	2,020,800,000	1,984,300,000	1,390,200,000
Operating Income (Loss), Total	562,200,000	387,200,000	497,400,000
Interest expense and other, net	153,800,000	192,800,000	61,100,000
Income (Loss) Attributable to Parent, before Tax	408,400,000	194,400,000	436,300,000
Income Tax Expense (Benefit)	99,900,000	102,300,000	147,400,000
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	308,500,000	92,100,000	288,900,000
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Translation Adjustment Functional to Reporting Currency, Net of Tax, Period Increase (Decrease)	(18,600,000)	19,600,000	(3,200,000)
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	5,100,000	0	0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 295,000,000.0	$ 111,700,000	$ 285,700,000
Earnings Per Share, Basic	$ 0.75	$ 0.24	$ 0.76
Earnings Per Share, Diluted	$ 0.75	$ 0.24	$ 0.76
Weighted Average Number of Shares Outstanding, Basic	408,900,000	384,700,000	378,000,000.0
Weighted Average Number of Shares Outstanding, Diluted	411,000,000.0	384,700,000	378,000,000.0
Other Comprehensive Income (Loss), Net of Tax	$ (13,500,000)	$ 19,600,000	$ (3,200,000)

Fair Value Measurements (Notes)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value Disclosures

FAIR VALUE MEASUREMENTS

Our assessment of goodwill and other intangible assets for impairment includes an assessment using various Level 2 (discount rate) and Level 3 (forecasted cash flows) inputs. See Note 5, Goodwill and Note 6, Intangible Assets Other Than Goodwill, for more information on the assessment for impairment of goodwill and of intangible assets other than goodwill, respectively.

The following table summarizes the fair value measurement of the Company’s long-term debt at December 31, 2021 (in millions):


	December 31, 2021
	Face Value		Fair Value		Fair Value Hierarchy
Term Loan	$	1,885.8	$	1,876.4	Level 2
Senior Notes	600.0		585.0		Level 2
Total debt	$	2,485.8	$	2,461.4

The estimated fair value of the Company’s term loan is based upon the prices at which the Company’s debt traded in the days immediately preceding the balance sheet date. As the trading volume of the Company’s debt is low relative to the overall debt balance, the Company does not believe that the associated transactions represent an active market, and therefore this indication of value represents a level 2 fair value input.

The following table sets forth the assets and liabilities measured at fair value on a recurring basis in the Company’s consolidated balance sheets (in millions):


		Fair Value at
	Pricing Category	December 31, 2021
Cash and cash equivalents
Money market funds	Level 1	$	310.2

Prepaid expenses and other current assets
Derivative instruments - foreign currency derivative contracts	Level 2	$	1.3

Other non-current assets:
Derivative instruments - interest rate swaps	Level 2	$	7.9


Accrued expenses and other current liabilities:
Derivative instruments - interest rate swaps	Level 2	$	2.4
Derivative instruments - foreign currency derivative contracts	Level 2	—

The Company estimates the fair value of interest rate swap contracts by discounting the future cash flows of both the fixed rate and variable rate interest payments based on market yield curves. The inputs used to measure the fair value of the Company’s interest rate swap contracts are categorized as Level 2 in the fair value hierarchy as established by ASC 820.

The fair value of the Company’s foreign currency contracts approximates the amount the Company would pay or receive if these contracts were settled at the respective valuation dates. The inputs used to measure the fair value of the Company’s foreign currency contracts are categorized as Level 2 in the fair value hierarchy as established by ASC 820.

The change in fair value of contingent consideration payable was valued using significant unobservable inputs (Level 3), was included in the general and administrative expenses in the Company’s consolidated statements of comprehensive income and consisted of the following (in millions):





Balance as of January 1, 2020	$	26.3
Fair value adjustment	17.4
Payments	(43.7)
Balance as of December 31, 2020	—
Recorded in connection with acquisition transactions	33.7
Fair value adjustments based upon post-acquisition performance	(5.0)
Balance as of December 31, 2021	$	28.7

In April 2020, the Company reached an agreement with the former stockholders of Seriously on the early determination of value and settlement of the contingent consideration payable following the Company’s acquisition of Seriously in July 2019. The impact of this agreement has been recorded within the fair value adjustments for the year ended December 31, 2020.

The Company estimated the fair value of the contingent consideration recorded in connection with the acquisition of Reworks using a probability-weighted discounted cash flow model. This fair value measurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in ASC 820.

The Company had no financial assets or liabilities measured at fair value as of December 31, 2020.

The Company has not elected the fair value measurement option available under U.S. GAAP for any of its assets or liabilities that meet the option for this criteria.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets and liabilities are as follows (in millions):


	December 31,
	2021		2020
Deferred tax assets
Net operating loss carry-forwards	$	15.1	$	14.0
Accrued employee costs	6.6		7.0
Research and development expenses	30.4		22.3
Operating lease liabilities	16.9		14.7
Stock-based compensation	7.4		3.6
Interest expense	19.9		11.7
Foreign tax credit carryforward	37.2		37.2
Other	9.3		7.1
Deferred tax assets	142.8		117.6
Valuation allowances	(53.8)		(49.9)
Net deferred tax assets	89.0		67.7
Deferred tax liabilities
Intangible assets	(67.2)		(53.2)
Undistributed earnings of subsidiaries	—		(46.2)
Debt issuance costs	(7.1)		—
Property and equipment	(10.3)		(11.5)
Operating lease right-of-use assets	(15.3)		(13.0)
Other	(4.5)		(1.7)
Deferred tax liabilities	(104.4)		(125.6)
Net deferred tax assets (liabilities)	$	(15.4)	$	(57.9)

Deferred taxes are reported in the accompanying consolidated balance sheets as follows (in millions):


	December 31,
	2021		2020
Deferred tax assets, net	$	38.3	$	28.5
Deferred tax liabilities, net	(53.7)		(86.4)
Net deferred tax (liabilities) assets	$	(15.4)	$	(57.9)

Schedule of Effective Income Tax Rate Reconciliation

Effective income tax rate reconciliations:


	Year ended December 31,
	2021		2020		2019
US statutory tax rate	21.0	%	21.0	%	21.0	%
Foreign tax rate differentials	2.6	%	1.0	%	3.6	%
Effect of “Preferred Technology Enterprise” status	(6.4)	%	(6.9)	%	(8.5)	%
Nondeductible stock-based compensation	2.0	%	14.2	%	—	%
162(m) Limitation	1.1	%	—	%	—	%
GILTI and Foreign adjustments	6.3	%	—	%	—	%
Permanent items	0.3	%	2.4	%	1.3	%
Change in valuation allowance	0.9	%	1.3	%	2.4	%
Change in uncertain tax positions	5.8	%	18.5	%	3.2	%
Repatriation of undistributed dividends	(11.3)	%	2.3	%	9.5	%
Return-To-Provision Adjustments	1.7	%	(1.0)	%	(1.4)	%
Other	0.5	%	(0.2)	%	2.7	%
Effective tax rate	24.5	%	52.6	%	33.8	%

Schedule of Provision for Income Taxes

The provision for income taxes is comprised as follows (in millions):


	Year ended December 31,
	2021		2020		2019
Current	$	172.3	$	115.4	$	106.6
Deferred	(72.4)		(13.1)		40.8
Total	$	99.9	$	102.3	$	147.4

Domestic (U.S.)	$	(19.6)	$	7.6	$	21.1
Foreign	119.5		94.7		126.3
Total	$	99.9	$	102.3	$	147.4


	Year ended December 31,
	2021		2020		2019
U.S. Federal
Current	$	24.9	$	2.4	$	12.0
Deferred	(48.5)		(1.1)		5.0
Total	$	(23.6)	$	1.3	$	17.0
U.S. State
Current	$	3.5	$	7.8	$	3.3
Deferred	0.5		(1.5)		0.8
Total	$	4.0	$	6.3	$	4.1
Foreign
Current	$	143.9	$	105.2	$	91.3
Deferred	(24.4)		(10.5)		35.0
Total	$	119.5	$	94.7	$	126.3

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the opening and closing balances of total unrecognized tax benefits is as follows (in millions):


	Year ended December 31,
	2021		2020
Balance as of January 1	$	91.4	$	58.6
Increases in respect of tax positions related to the current year	23.4		20.0
Increases in respect of tax positions related to prior years	9.1		9.7
Increases in respect of exchange rate fluctuations	3.9		4.3
Reductions in respect of settlements with authorities	(12.7)		—
Reductions in respect of expirations of statute of limitations	(0.9)		(1.2)
Balance as of December 31	$	114.2	$	91.4

Schedule of Income before Income Tax, Domestic and Foreign

Income before income taxes is comprised as follows (in millions):


	Year ended December 31,
	2021		2020		2019
Domestic (U.S.)	$	52.9	$	(48.5)	$	91.9
Foreign	355.5		242.9		344.4
Income before taxes on income	$	408.4	$	194.4	$	436.3

Revenue from Contract with Customer (Notes)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer

REVENUE FROM CONTRACTS WITH CUSTOMERS

The following table provides information about disaggregated revenue by geographic location of the Company's players and type of platform (in millions):


	Year ended December 31,
	2021		2020		2019
Geographic location
USA	$	1,816.7	$	1,669.0	$	1,314.8
EMEA	383.8		338.8		263.1
APAC	206.9		200.7		172.0
Other	175.6		163.0		137.7
Total	$	2,583.0	$	2,371.5	$	1,887.6
Platform type
Mobile	$	2,069.1	$	1,907.6	$	1,475.8
Web	513.9		463.9		411.8
Total	$	2,583.0	$	2,371.5	$	1,887.6

Revenues through third-party platforms and through the Company’s own Direct-to-Consumer platforms were as follows (in millions):


	Year ended December 31,
	2021		2020		2019
Revenues
Third-party platforms	$	2,054.0	$	2,048.5	$	1,693.9
Direct-to-Consumer platforms	529.0		323.0		193.7
Total	$	2,583.0	$	2,371.5	$	1,887.6

Contract balances

Payments from players for virtual items are collected by platform providers or payment processors and remitted to the Company (net of the platform or clearing fees) generally within 45 days after the player transaction. The Company’s right to receive the payments collected by the platform providers or payment processors is recorded as an accounts receivable as the right to receive payment is unconditional. Deferred revenues, which represent a contract liability, represent mostly unrecognized fees billed for virtual items which have not yet been consumed at the balance sheet date. Platform fees paid to platform providers or payment processors and associated with deferred revenues represent a contract asset.

Balances of the Company’s contract assets and liabilities are as follows (in millions):


	December 31,
	2021		2020
Accounts receivable	$	143.7	$	129.3
Contract assets (1)	9.4		5.8
Contract liabilities (2)	31.6		21.3

_______

(1) Contract assets are included within prepaid expenses and other current assets as “deferred charges” in the Company’s consolidated balance sheets.

(2) Contract liabilities are included within accrued expenses and other current liabilities as “deferred revenues” in the Company’s consolidated balance sheets.

During the year ended December 31, 2021, the Company recognized all of its contract liabilities balance as of December 31, 2020.

Unsatisfied performance obligations

Substantially all of the Company’s unsatisfied performance obligations relate to contracts with an original expected length of one year or less.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Goodwill (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in goodwill for the years ended December 31, 2021 and 2020 were as follows (in millions):


	Year ended December 31,
	2021		2020
Balance at beginning of period	$	484.8	$	474.2
Goodwill acquired during the year	312.6		—
Foreign currency translation adjustments	(9.3)		10.6
Balance at end of period	$	788.1	$	484.8

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

The following table summarizes the fair value measurement of the Company’s long-term debt at December 31, 2021 (in millions):


	December 31, 2021
	Face Value		Fair Value		Fair Value Hierarchy
Term Loan	$	1,885.8	$	1,876.4	Level 2
Senior Notes	600.0		585.0		Level 2
Total debt	$	2,485.8	$	2,461.4

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth the assets and liabilities measured at fair value on a recurring basis in the Company’s consolidated balance sheets (in millions):


		Fair Value at
	Pricing Category	December 31, 2021
Cash and cash equivalents
Money market funds	Level 1	$	310.2

Prepaid expenses and other current assets
Derivative instruments - foreign currency derivative contracts	Level 2	$	1.3

Other non-current assets:
Derivative instruments - interest rate swaps	Level 2	$	7.9


Accrued expenses and other current liabilities:
Derivative instruments - interest rate swaps	Level 2	$	2.4
Derivative instruments - foreign currency derivative contracts	Level 2	—

Fair Value Measurement Inputs and Valuation Techniques





Balance as of January 1, 2020	$	26.3
Fair value adjustment	17.4
Payments	(43.7)
Balance as of December 31, 2020	—
Recorded in connection with acquisition transactions	33.7
Fair value adjustments based upon post-acquisition performance	(5.0)
Balance as of December 31, 2021	$	28.7

Stockholders' Equity (Deficit), Equity Transactions and Stock Incentive Plan - Equity Transactions (Details)				1 Months Ended	12 Months Ended
	Jan. 15, 2021 shares	Jan. 05, 2021 shares	Oct. 01, 2020	Jan. 31, 2021 shares	Dec. 31, 2021 $ / shares shares	Dec. 31, 2020 $ / shares shares	Dec. 31, 2019 shares	May 26, 2020 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares Authorized		1,600,000,000			1,600,000,000	400,000,000
Common stock of par value authorized (per share) \| $ / shares					$ 0.01	$ 0.01		$ 0.01
Common Stock, Shares, Issued						391,067,200
Preferred stock, shares authorized		100,000,000
Common stock , shares authorized after stock split								1,000,000
Restricted stock units, granted							0
Common Stock Par Value before Stock Split \| $ / shares								$ 1.00
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted					7,515,510	19,854,800
Share-based compensation arrangement by share-based payment award, award vesting rights (percentage)	75.00%				25.00%
Share-based compensation arrangement by share-based payment award, award vesting period (in years)			4 years
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting rights (percentage)	25.00%				25.00%
Share-based compensation arrangement by share-based payment award, award vesting period (in years)					4 years
IPO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		7,985,297
IPO \| Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted	4,299,077
2020 Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of additional shares authorized				14,335,499
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Total Shares Outstanding				0.035
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Period Increase				14,041,929
Stock Options and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period (in years)	3 years

Stockholders' Equity (Deficit), Equity Transactions and Stock Incentive Plan - Stock Based Compensation Costs (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs	$ 103,100,000	$ 276,000,000.0
Share-based compensation expense, net of amounts capitalized	100,400,000	276,000,000.0
Share-based Payment Arrangement, Amount Capitalized	2,700,000	0	$ 0
Research and Development Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of amounts capitalized	27,700,000	500,000
Selling and Marketing Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of amounts capitalized	8,300,000	400,000
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense, net of amounts capitalized	64,400,000	275,100,000
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs	35,200,000	8,900,000
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount	$ 104,300,000
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition (in years)	2 years 10 months 24 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation costs	$ 67,900,000	$ 267,100,000
Unrecognized stock-based compensation expense related to stock options	$ 244,800,000
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition (in years)	2 years 10 months 24 days

Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table shows a summary of changes in accumulated other comprehensive income (loss), net of tax, by component for the year ended December 31, 2021 (in millions):


	Foreign Currency Translation		Interest Rate Swaps		Foreign Currency Derivative Contracts		Total
Balance as of January 1, 2021	$	16.7	$	—	$	—	$	16.7
Other comprehensive income (loss) before reclassifications	(18.6)		2.1		2.0		(14.5)
Amounts reclassified from accumulated other comprehensive income (loss)	—		2.1		(1.1)		1.0
Balance as of December 31, 2021	$	(1.9)	$	4.2	$	0.9	$	3.2

Stockholders' Equity (Deficit), Equity Transactions and Stock Incentive Plan - Schedule of Stock Options Outstanding (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Stock Options Outstanding at January 1, 2020	8,000,000
Stock Options , Granted	8,857,172
Stock Options, Exercised	0
Stock Options, Cancelled	1,007,479
Stock Options, Expired	0
Stock Options Outstanding at December 31, 2020	15,849,693	8,000,000
Stock Options Exercisable at December 31, 2020	2,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Stock options, weighted average remaining term, outstanding (in years)	8 years 9 months 18 days	9 years 6 months
Stock options, weighted average exercise price, granted (per share)	$ 26.77
Stock options, weighted average exercise price, outstanding (per share)	$ 22.70	$ 18.71
Stock options, outstanding intrinsic value (dollars)	$ 0.25	$ 58,100,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 26.86
Share-based Payment Arrangement, Option, Exercise Price Range, Exercisable, Weighted Average Remaining Contractual Term	8 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 18.71
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 0

Organization and Summary of Significant Accounting Policies - Concentration of Credit Risk and Significant Customers (Details) - Customer Concentration Risk - Accounts Receivable	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Apple
Concentration Risk [Line Items]
Concentration Risk, Percentage	42.00%	38.00%
Google
Concentration Risk [Line Items]
Concentration Risk, Percentage	34.00%	35.00%
Facebook
Concentration Risk [Line Items]
Concentration Risk, Percentage	8.00%	11.00%

Appreciation and Retention Plans (Notes)	12 Months Ended
Appreciation and Retention Plans (Notes)	Dec. 31, 2021
Deferred Compensation Arrangements [Abstract]
Compensation Related Costs, General	APPRECIATION AND RETENTION PLANS In August 2019, the Board approved the 2021-2024 Retention Plan. Under the 2021-2024 Retention Plan, eligible employees may be granted retention awards that let them receive their pro rata portion of a retention pool of $25 million per year for each of the plan years, and may also be granted appreciation units which allow the employee to receive their pro-rata portion of an appreciation pool calculated as a specified percentage of Adjusted EBITDA in each of the plan years, determined as follows: For 2021, (A) 14% of the 2021-2024 Retention Plan Adjusted EBITDA for such calendar year, less (B) $25,000,000. For 2022, (A) 14.5% of the 2021-2024 Retention Plan Adjusted EBITDA for such calendar year, less (B) $25,000,000. For each of 2023 and 2024, (A) 15.0% of the 2021-2024 Retention Plan Adjusted EBITDA for such calendar year, less (B) $25,000,000. Initial awards were granted under the 2021-2024 Retention Plan in August 2019, with subsequent awards to employees or consultants hired or retained after such date granted at the discretion of the administrator. For certain participants, in the event of the participant’s termination without cause or resignation for good reason, or termination by reason of death or disability, he or she will be eligible to receive a lump sum cash payment equal to his or her proportionate share (based on the number of retention units outstanding and eligible for payment as of such date) of the unpaid portion of the total retention pool for the remaining term of the 2021-2024 Retention Plan as of the date of termination, which amount shall be paid in cash within 60 days following the date of termination. In the event of such a termination, such participant will also remain eligible to receive payments in respect of his or her appreciation units for all vesting dates that have not yet occurred prior to the date of such termination, which payments will be made as and when such payments are made to other appreciation unit holders. For all other participants, in the event of termination due to death or disability on or after January 1, 2021, but prior to December 31, 2024, the participant will receive a payment in respect of his or her proportionate share (based on the number of retention units outstanding and eligible for payment as of such date) of the unpaid portion of the total retention pool for the remaining term of the 2021-2024 Retention Plan as of the date of termination, pro-rated for the portion of the period between January 1, 2021 and December 31, 2024 that has elapsed prior to termination, payable within 60 days following termination. In addition, the participant will retain the right to receive payments for a pro-rated portion of his or her appreciation units for all vesting dates that have not yet occurred prior to the date of such termination, which payments will be made as and when such payments are made to other appreciation unit holders. All payments triggered by a termination of employment or service will be subject to the execution of a general release of claims in favor of the company. If a participant terminates service for any reason other than as described above, the participant will immediately forfeit all unearned benefits related to his or her unvested retention units and appreciation units. In October 2020, 43,000 appreciation units held under the 2021-2024 Retention Plan were cancelled. Pursuant to an amendment to the 2021-2024 Retention Plan adopted in October 2020, these cancelled appreciation units are considered “retired units” for purposes of the plan, and will be deemed to be outstanding and eligible for payment solely for purposes of determining the per unit value to be paid to participants, but no amounts will be paid with respect to such retired units. The Company recognized compensation expenses in respect of retention bonus and appreciation unit awards under the 2021-2024 Plan of $112.7 million during the year ended December 31, 2021, and under the 2017-2020 Plan of $67.6 million and $72.7 million during the years ended December 31, 2020 and 2019, respectively. The Company has also granted retention awards to key individuals associated with acquired companies as an incentive to retain those individuals on a long-term basis. The Company recognized compensation expenses associated with these development-related retention payments of $21.3 million, $15.1 million and $18.4 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Business Combinations- Schedule of Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($)

12 Months Ended

Aug. 31, 2021

Jan. 16, 2019

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Business Acquisition [Line Items]

Total consideration, net of cash acquired

$ 394,100,000

$ 0

$ 422,700,000

Goodwill

$ 788,100,000

$ 484,800,000

474,200,000

Supertreat GmbH [Member]

Business Acquisition [Line Items]

Payments to acquire businesses, gross

$ 90

151,200,000

Cash Acquired from Acquisition

(1,900,000)

Business combination, consideration transferred

149,300,000

Business Combination, Contingent Consideration, Acquisition Date Fair Value

(3,600,000)

Total consideration, net of cash acquired

145,700,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

2,400,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other

100,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

100,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

109,900,000

Goodwill

66,100,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities

(27,500,000)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability

3,600,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

(1,800,000)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

145,700,000

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed (in millions):


Consideration
Total consideration	$	151.2
Less: Cash acquired	(1.9)
Total consideration, net of cash acquired	149.3
Less: Acquisition date fair value of contingent consideration	(3.6)
Consideration paid as of December 31, 2019	$	145.7

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	2.4
Other current assets	0.1
Property and equipment	0.1
Intangible assets other than goodwill	109.9
Goodwill	66.1
Deferred tax liabilities	(27.5)
Contingent consideration	(3.6)
Liabilities assumed	(1.8)
Total identifiable assets acquired and liabilities assumed	$	145.7

Seriously Holding Corp

Business Acquisition [Line Items]

Payments to acquire businesses, gross

281,200,000

Cash Acquired from Acquisition

(12,200,000)

Business combination, consideration transferred

269,000,000.0

Business Combination, Contingent Consideration, Acquisition Date Fair Value

(1,300,000)

Total consideration, net of cash acquired

267,700,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

8,000,000.0

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other

2,600,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment

300,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

111,300,000

Goodwill

189,400,000

Deferred tax assets

3,400,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities

(22,300,000)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability

1,300,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

(23,700,000)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

$ 267,700,000

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed (in millions):


Consideration
Total consideration	$	281.2
Less: Cash acquired	(12.2)
Total consideration, net of cash acquired	269.0
Less: Acquisition date fair value of contingent consideration	(1.3)
Consideration paid as of December 31, 2019	$	267.7

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	8.0
Other current assets	2.6
Property and equipment	0.3
Intangible assets other than goodwill	111.3
Goodwill	189.4
Deferred tax assets	3.4
Deferred tax liabilities	(22.3)
Contingent consideration	(1.3)
Liabilities assumed	(23.7)
Total identifiable assets acquired and liabilities assumed	$	267.7

Reworks acquisition

Business Acquisition [Line Items]

Payments to acquire businesses, gross

$ 438,700,000

Cash Acquired from Acquisition

(10,900,000)

Business combination, consideration transferred

427,800,000

Business Combination, Contingent Consideration, Acquisition Date Fair Value

(33,700,000)

Total consideration, net of cash acquired

394,100,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables

9,400,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill

143,000,000.0

Goodwill

312,600,000

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities

(28,600,000)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities

(8,600,000)

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

$ 394,100,000

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed (in millions):


Consideration
Total Consideration	$	438.7
Less: Cash acquired	(10.9)
Total consideration, net of cash acquired	427.8
Less: Acquisition date fair value of contingent consideration	(33.7)
Consideration paid as of August 31, 2021	$	394.1

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	9.4

Intangible assets other than goodwill	143.0
Goodwill	312.6
Deferred tax liabilities	(28.6)
Contingent consideration	(33.7)
Liabilities assumed	(8.6)
Total identifiable assets acquired and liabilities assumed	$	394.1

Interest Expense and Other, Net (Notes)

12 Months Ended

Dec. 31, 2021

Interest Income (Expense), Net [Abstract]

Other Income and Other Expense Disclosure

INTEREST EXPENSE AND OTHER, NET

Interest expense and other, net for the years ended December 31, 2021, 2020 and 2019, are as follows (in millions):


	Year ended December 31,
	2021		2020		2019
Interest expense	$	149.2	$	198.3	$	61.6
Interest income	(0.8)		(0.1)		(1.5)
Foreign currency translation differences, net	5.7		(5.7)		0.3
Other	(0.3)		0.3		0.7
Total interest expense and other, net	$	153.8	$	192.8	$	61.1

Transactions and Balances with Related Parties (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Related Party Transactions

The following transactions occurred with related companies (in millions):


			Year ended December 31,
			2019
Loan due to Alpha offset with loan receivable			(68.0)
Loan due from Giant HK offset with loan payable			68.0

Debt (Notes)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Debt Disclosure

DEBT


	December 31, 2021						December 31, 2020
(in millions, except interest rates)	Maturity	Interest rate(s)	Book value		Face value		Book value
Term Loan	2028	2.850%	$	1,843.8	$	1,885.8	$	2,314.4
Senior Notes	2029	4.250%	591.3		600.0		—
Revolving Credit Facility	2026	n/a	—		—		—
Total debt			2,435.1		2,485.8		2,314.4
Less: Current portion of long-term debt			(12.2)		(19.0)		(104.6)
Long-term debt			$	2,422.9	$	2,466.8	$	2,209.8

Book value of debt in the table above is reported net of deferred financing costs and original issue discount of $50.7 million and $60.6 million at December 31, 2021 and 2020, respectively.

Credit Agreement

On December 10, 2019, the Company entered into $2,750 million of senior secured credit facilities (the "Credit Facilities"), consisting of a $250 million revolving credit facility (the "Revolving Credit Facility"), and a $2,500 million first lien term loan (the "Old Term Loan"). The Credit Facilities were provided pursuant to a Credit Agreement, dated as of December 10, 2019 (the "Credit Agreement"), by and among Playtika, the lenders party thereto, and Credit Suisse, AG, Cayman Islands Branch, as administrative agent (in such capacity, the "Administrative Agent") and collateral agent (in such capacity, the "Collateral Agent"). Proceeds borrowed under the Credit Facilities on the closing date were used to pay off the outstanding balance on the Company’s prior debt facility. On June 15, 2020, the Company increased the capacity of the Revolving Credit Facility to $350 million. On January 15, 2021, the Company increased the borrowing capacity of the Revolving Credit Facility from $350 million to $550 million.

On March 11, 2021, the Company amended the Credit Agreement pursuant to an Incremental Assumption Agreement No. 3 and Second Amendment to Credit Agreement (the “Second Amendment”). The Second Amendment, among other things, effected a refinancing of the Old Term Loan with a new $1.9 billion senior secured first lien term loan borrowed under the Credit Agreement (the “New Term Loan”), increased the Revolving Credit Facility to $600 million and extended the maturity of the Revolving Credit Facility to March 11, 2026. The New Term Loan matures on March 11, 2028 and requires scheduled quarterly principal payments in amounts equal to 0.25% of the original aggregate principal amount of the New Term Loan, with the balance due at maturity.

The Credit Agreement allows the Company to request one or more incremental term loan facilities, incremental revolving credit facilities and/or increases to the New Term Loan or the Revolving Credit Facility in an aggregate amount of up to the sum of (x) the greater of (1) $800 million and (2) 1.00 times EBITDA (as defined in the Credit Agreement) plus (y) the amount of certain voluntary prepayments of indebtedness plus (z) such additional amount so long as, (i) in the case of loans under additional credit facilities that are secured by liens on the collateral securing the Credit Agreement, the Company's net total secured leverage ratio on a pro forma basis would not exceed 3.50 to 1.00 (or in the case of incremental facilities to fund certain investments and acquisitions, the net total secured leverage ratio immediately prior to such incurrence) and (iii) in the case of any other loans under additional credit facilities, the Company's fixed charge coverage ratio on a pro forma basis would not be less than 2.00 to 1.00 (or in the case of incremental facilities to fund certain investments and acquisitions, the fixed charge coverage ratio immediately prior to such incurrence), in each case, subject to certain conditions and receipt of commitments by existing or additional financial institutions or institutional lenders.

All future borrowings under the Credit Agreement are subject to the satisfaction of customary conditions, including the absence of a default and the accuracy of representations and warranties, subject to certain exceptions.

Interest and Fees

Borrowings under the Credit Agreement bear interest at a rate equal to, at the Company’s option, either (a) LIBOR determined by reference to the cost of funds for Eurodollar deposits for the interest period relevant to such borrowing, adjusted for certain additional costs, subject to a floor of 0% or (b) a base rate determined by reference to the highest of (i) the federal funds rate plus 0.50%, (ii) the prime rate as determined by the administrative agent and (iii) the one-month adjusted LIBOR rate plus 1.00%, in each case plus an applicable margin. Such applicable margin is (x) with respect to the New Term Loan, 2.75% per annum in the case of any LIBOR loan or 1.75% per annum in the case of any base rate loan, subject to one 0.25% step-down based on the Company’s credit ratings and (y) in the case of the Revolving Credit Facility, a range from 2.25% to 3.00% per annum in the case of any LIBOR loan and a range from 1.25% to 2.00% per annum in the case of any base rate loan, based on the Company’s net senior secured leverage ratio.

In addition, on a quarterly basis, the Company is required to pay each lender under the Revolving Credit Facility a commitment fee in respect of any unused commitments under the Revolving Credit Facility in the amount of 0.50% of the principal amount of the daily unused commitments of such lender, subject to step-downs to 0.375% and 0.25% based upon the Company's senior secured leverage ratio. The Company is also required to pay customary agency fees as well as letter of credit participation fees on outstanding letters of credit.

The Credit Agreement permits voluntary prepayments and requires mandatory prepayments in certain events including among others, 50% (subject to step-downs to 25% and 0% based upon the Company’s net total secured leverage ratio) of the Company’s excess cash flow to the extent such amount exceeds $10 million, certain net cash proceeds from non-ordinary asset sale transactions (subject to reinvestment rights), and 100% of net proceeds of any issuance of debt (except for debt permitted to be incurred by the Credit Agreement). If the Company’s total secured leverage ratio remains below 2.0 to 1.0, consistent with the ratio for the year ended December 31, 2021, the Company’s required excess cash flow percentage for 2022 will step down to 0%.

Collateral and Guarantors

The borrowings under the Credit Agreement are guaranteed by certain material, wholly-owned restricted subsidiaries of the Company, and are secured by a pledge of substantially all of the existing and future property and assets of the Company and the guarantors (subject to exceptions), including a pledge of the capital stock of the domestic subsidiaries held by the Company and the domestic guarantors and 65% (or 100% in the case of certain of the guarantors) of the capital stock of the first-tier foreign subsidiaries held by the Company and the domestic guarantors, in each case subject to exceptions.

The Credit Agreement requires that the Company and the guarantors (a) generate at least 80.0% of the EBITDA of the Company and its restricted subsidiaries for the four fiscal quarters most recently ended prior to the end of each fiscal quarter and (b) own all “Material Intellectual Property” (defined as any intellectual property rights consisting of registered trademarks or copyrights subsisting in the name or logo of any game that generates more than 5% of the EBITDA of the Company and its restricted subsidiaries for the then most recently ended four fiscal quarters) on the last day of the four fiscal

quarters most recently ended prior to the end of each fiscal quarter. If the Company and the guarantors do not satisfy such requirement, then the Company must cause sufficient additional subsidiaries (which, subject to certain limitations, may include guarantors located in jurisdictions other than the United States, England and Wales and the State of Israel) to become guarantors in order to satisfy such requirement. During the year ended December 31, 2021, the Company voluntarily designated certain subsidiaries in Germany, Austria and Finland as additional guarantors. As of December 31, 2021, the Company was in compliance with these requirements.

Restrictive Covenants

The Revolving Credit Facility includes a maximum first-priority net senior secured leverage ratio financial maintenance covenant of 6.25 to 1.00. At December 31, 2021, the Company’s first-priority net senior secured leverage ratio was 0.91 to 1.00.

In addition, the Credit Agreement includes negative covenants, subject to certain exceptions, restricting or limiting the Company's ability and the ability of its restricted subsidiaries to, among other things: (i) make non-ordinary course dispositions of assets; (ii) make certain mergers and acquisitions; (iii) complete dividends and stock repurchases and optional redemptions (and optional prepayments) of subordinated debt; (iv) incur indebtedness; (v) make certain loans and investments; (vi) incur liens and certain fixed charges; (vii) transact with affiliates; (viii) change the business of the Company and its restricted subsidiaries; (ix) enter into sale/leaseback transactions; (x) allow limitations on negative pledges and the ability of restricted subsidiaries to pay dividends or make distributions; (xi) change the fiscal year and (xii) modify subordinated debt documents. Under the Credit Agreement, the Company may be required to meet specified leverage ratios or fixed charge coverage ratios in order to take certain actions, such as incurring certain debt or liens or making certain investments.

Expenses Related to Modification of Debt

The Company accounts for the restructuring of its debt agreements in accordance with the accounting standards applicable to troubled debt restructuring, debt modification and debt extinguishment. Under the applicable accounting standards, the Company determined that the March 2021 financing transactions qualified for modification accounting. As a result, the Company expensed $14.5 million related to the debt modification, wrote off $22.9 million of previously deferred financing costs related to the modification of debt related to the Company’s Old Term Loan and carried over $34.9 million of deferred financing costs to the New Term Loan.

Offering of 4.250% Senior Notes due 2029

Indenture

On March 11, 2021, the Company issued $600.0 million aggregate principal amount of its 4.250% senior notes due 2029 (the “Notes”) under an indenture, dated March 11, 2021 (the “Indenture”), among the Company, the subsidiary guarantors party thereto and Wilmington Trust, National Association, as trustee (the “Trustee”).

Maturity and Interest

The Notes mature on March 15, 2029. Interest on the Notes will accrue at a rate of 4.250% per annum. Interest on the Notes payable semi-annually in cash in arrears on March 15 and September 15 of each year, commenced on September 15, 2021.

Guarantees

The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by the Company’s existing and future restricted subsidiaries that guarantee the obligations under the Credit Agreement (the “subsidiary guarantors”).

Ranking

The Notes and the note guarantees rank equally in right of payment to all of the Company’s and the subsidiary guarantors’ existing and future senior indebtedness and senior in right of payment to all of the Company’s and the subsidiary guarantors’ future subordinated indebtedness. The Notes and the note guarantees are effectively subordinated to any of the Company’s and the subsidiary guarantors’ existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness, including indebtedness outstanding under the Credit Agreement. In addition, the Notes and the note guarantees are structurally subordinated to the existing and future liabilities of the Company’s non-guarantor subsidiaries.

Redemption

The Company may redeem the Notes at any time prior to March 15, 2024, in whole or in part, at a redemption price equal to 100% of the accrued principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the redemption date, plus a make-whole premium.

The Company may redeem the Notes at any time on or after March 15, 2024, in whole or in part, at a redemption price equal to (i) 102.125% of the principal amount thereof, should such redemption occur before March 15, 2025, (ii) 101.063% of the principal amount thereof, should such redemption occur before March 15, 2026, and (iii) 100.000% of the principal amount thereof, should such redemption occur on or after March 15, 2026, in each case plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

In addition, at any time prior to March 15, 2024, the Company may redeem up to 40% of the original aggregate principal amount of all Notes issued with the net cash proceeds from certain equity offerings at a redemption price of 104.250% of the principal amount redeemed plus accrued and unpaid interest, if any, to, but excluding, the redemption date, so long as at least 50% of the aggregate principal amount of the Notes remains outstanding immediately after the occurrence of such redemption, and the redemption date is within 90 days of the consummation of any such equity offering.

Covenants

The Indenture contains customary covenants that limit the Company’s ability and, in certain instances, the ability of the Company’s subsidiaries, to borrow money, create liens on assets, make distributions and pay dividends on or redeem or repurchase stock, make certain types of investments, sell stock in certain subsidiaries, enter into agreements that restrict dividends or other payments from subsidiaries, enter into transactions with affiliates, issue guarantees of indebtedness, and sell assets or merge with other companies. These limitations are subject to a number of important exceptions and qualifications set forth in the Indenture.

Change of Control

In the event of a change of control, the Company must offer to repurchase the Notes at a repurchase price equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to, but excluding, the repurchase date.

Events of Default

Events of default under the Indenture include, among others, the following with respect to the Notes: default which continues for 30 days in the payment of interest on the Notes; default in payment of the principal of, or premium, if any, on the Notes; failure to comply with certain covenants in the Indenture for 60 days (or 120 days with respect to the covenant relating to the provision of financial reports) upon the receipt of notice from the Trustee or holders of at least 25% in aggregate principal amount of the Notes; acceleration or payment default of indebtedness of the Company or certain of its subsidiaries in excess of a specified amount that remains uncured following the applicable grace period provided in such indebtedness; final judgments against the Company or certain of its subsidiaries in excess of a specified amount that remains unpaid for 45 days; and certain events of bankruptcy or insolvency with respect to the Company or certain of its subsidiaries. In the case of an event of default arising from certain events of bankruptcy or insolvency with respect to the Company or certain of its subsidiaries, all Notes then outstanding will become due and payable immediately without further action or notice. If any

other event of default occurs with respect to the Notes, the Trustee or holders of at least 25% in aggregate principal amount of the Notes may declare all Notes then outstanding to be due and payable immediately.

Scheduled Principal Payments of Long-Term Debt

The scheduled principal payments due on long-term debt are as follows (in millions):


2022	$	19.0
2023	19.0
2024	19.0
2025	19.0
2026 and thereafter	2,409.8
Total	$	2,485.8

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Interest Expense and Other, Net (Tables)

12 Months Ended

Dec. 31, 2021

Interest Income (Expense), Net [Abstract]

Interest Income and Interest Expense Disclosure

nterest expense and other, net for the years ended December 31, 2021, 2020 and 2019, are as follows (in millions):


	Year ended December 31,
	2021		2020		2019
Interest expense	$	149.2	$	198.3	$	61.6
Interest income	(0.8)		(0.1)		(1.5)
Foreign currency translation differences, net	5.7		(5.7)		0.3
Other	(0.3)		0.3		0.7
Total interest expense and other, net	$	153.8	$	192.8	$	61.1

Business Combinations (Tables)

12 Months Ended

Dec. 31, 2021

Supertreat GmbH [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed (in millions):


Consideration
Total consideration	$	151.2
Less: Cash acquired	(1.9)
Total consideration, net of cash acquired	149.3
Less: Acquisition date fair value of contingent consideration	(3.6)
Consideration paid as of December 31, 2019	$	145.7

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	2.4
Other current assets	0.1
Property and equipment	0.1
Intangible assets other than goodwill	109.9
Goodwill	66.1
Deferred tax liabilities	(27.5)
Contingent consideration	(3.6)
Liabilities assumed	(1.8)
Total identifiable assets acquired and liabilities assumed	$	145.7

Reworks acquisition

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed (in millions):


Consideration
Total Consideration	$	438.7
Less: Cash acquired	(10.9)
Total consideration, net of cash acquired	427.8
Less: Acquisition date fair value of contingent consideration	(33.7)
Consideration paid as of August 31, 2021	$	394.1

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	9.4

Intangible assets other than goodwill	143.0
Goodwill	312.6
Deferred tax liabilities	(28.6)
Contingent consideration	(33.7)
Liabilities assumed	(8.6)
Total identifiable assets acquired and liabilities assumed	$	394.1

Seriously Holding Corp

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed (in millions):


Consideration
Total consideration	$	281.2
Less: Cash acquired	(12.2)
Total consideration, net of cash acquired	269.0
Less: Acquisition date fair value of contingent consideration	(1.3)
Consideration paid as of December 31, 2019	$	267.7

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	8.0
Other current assets	2.6
Property and equipment	0.3
Intangible assets other than goodwill	111.3
Goodwill	189.4
Deferred tax assets	3.4
Deferred tax liabilities	(22.3)
Contingent consideration	(1.3)
Liabilities assumed	(23.7)
Total identifiable assets acquired and liabilities assumed	$	267.7

Intangible Assets Other than Goodwill - Schedule of Expected Future Amortization Expense (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Future amortization expense, 2021	$ 109,100,000
Future amortization expense, 2022	88,500,000
Future amortization expense, 2023	72,800,000
Future amortization expense, 2024	64,700,000
Future amortization expense, 2025 and thereafter	82,200,000
Future amortization expense, total	$ 417,300,000	$ 327,700,000

Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lease, Cost

Supplemental balance sheet information related to leases is as follows (in millions):


	December 31, 2021
Operating lease right-of-use assets, gross	$	133.9
Accumulated amortization	(44.5)
Operating lease right-of-use assets, net	$	89.4

Schedule of Weighted Average Lease Terms

The following is a summary of weighted average remaining lease terms and discount rates for all of the Company's operating leases:


	December 31, 2021
Weighted average remaining lease term (years)	6.1
Weighted average discount rates	3.4	%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities are as follows (in millions):


2022	$	20.3
2023	22.5
2024	19.7
2025	14.2
2026 and thereafter	32.3
Total undiscounted cash flows	109.0
Less: imputed interest	(9.5)
Present value of lease liabilities	$	99.5

Leases (Details) - USD ($)	12 Months Ended
Leases (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jan. 01, 2022
Lessee, Lease, Description [Line Items]
Operating Lease, Expense	$ 21,800,000	$ 16,700,000	$ 12,300,000
Operating lease liability payment	$ 21,500,000	$ 15,400,000	$ 10,200,000
Subsequent Event
Lessee, Lease, Description [Line Items]
Operating Lease, Liability				$ 25,000,000
Operating Lease, Liability				$ 25,000,000

Goodwill (Notes)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure

GOODWILL

Changes in goodwill for the years ended December 31, 2021 and 2020 were as follows (in millions):


	Year ended December 31,
	2021		2020
Balance at beginning of period	$	484.8	$	474.2
Goodwill acquired during the year	312.6		—
Foreign currency translation adjustments	(9.3)		10.6
Balance at end of period	$	788.1	$	484.8

As of October 1 of each of the years presented, the Company performed a qualitative assessment for its reporting unit and concluded that the qualitative assessment did not result in a more likely than not indication of impairment, and therefore no further impairment testing was required. Accordingly, during the years ended December 31, 2021, 2020 and 2019, no impairment charge was recognized.

Schedule of Principal Payments of Long Term Debt (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt, Maturity, Year One	$ 19,000,000.0
Long-Term Debt, Maturity, Year Two	19,000,000.0
Long-Term Debt, Maturity, Year Three	19,000,000.0
Long-Term Debt, Maturity, Year Four	19,000,000.0
Long-Term Debt, Maturity, Year 5 and thereafter	2,409,800,000
Long-term Debt, Repayment of Principal	2,485,800,000
Long-term Debt	$ 2,422,900,000	$ 2,209,800,000

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property and equipment, net at December 31, 2021 and 2020 are as follow (in millions):


	December 31,
	2021		2020
Computers and peripheral equipment	$	182.1	$	148.9
Office furniture and equipment	14.0		12.5
Vehicles and aircraft	6.4		6.4
Leasehold improvements	42.4		31.7
Total property and equipment, gross	244.9		199.5
Accumulated depreciation	(141.6)		(101.0)
Total property and equipment, net	$	103.3	$	98.5

Organization and Summary of Significant Accounting Policies - Basis of Presentation and Consolidations (Details)	12 Months Ended
	Dec. 31, 2021
Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Percentage of Ownership in Affiliates at Costs Minus Impairment	20.00%
Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	20.00%
Ownership Percentage of Consolidated Affiliates	50.00%

Subsequent Events (Details) - USD ($)			12 Months Ended
Subsequent Events (Details) - USD ($)	Feb. 07, 2022	Jan. 20, 2021	Dec. 31, 2021	Jan. 05, 2021	Dec. 31, 2020	May 26, 2020
Subsequent Event [Line Items]
Common Stock, Shares Authorized			1,600,000,000	1,600,000,000	400,000,000
Stock issued during period, shares, new issues		79,925,000
Common stock of par value authorized (per share)			$ 0.01		$ 0.01	$ 0.01
Stock Options , Granted			8,857,172
Playtika Holdings Corp
Subsequent Event [Line Items]
Stock issued during period, shares, new issues		18,518,500
Playtika Holdings UK [Member]
Subsequent Event [Line Items]
Stock issued during period, shares, new issues		61,406,500
Subsequent Event \| Stock Options and Restricted Stock Units
Subsequent Event [Line Items]
Share-based compensation arrangement by share-based payment award, performance target expense	$ 106,000,000
Share-based compensation arrangement by share-based payment award, award vesting period (in years)	4 years
Subsequent Event \| Performance Shares
Subsequent Event [Line Items]
Share-based compensation arrangement by share-based payment award, performance target expense	$ 54,000,000
Share-based compensation arrangement by share-based payment award, award vesting period (in years)	4 years

Income Taxes - Deferred Tax on Consolidated Balance Sheet (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Deferred Income Tax Assets, Net	$ 38,300,000	$ 28,500,000
Deferred Income Tax Liabilities, Net	(53,700,000)	(86,400,000)
Deferred Tax Assets, Net		(67,700,000)
Deferred Tax Liabilities, Net	$ (15,400,000)	$ (57,900,000)

Organization and Summary of Significant Accounting Policies - Advertising Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Significant Accounting Policies [Line Items]
Advertising Expense	$ 457,800,000	$ 408,500,000	$ 341,400,000

Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized Tax Benefits, Balance as of January 1	$ 91,400,000	$ 58,600,000
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	23,400,000	20,000,000.0
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	9,100,000	9,700,000
Unrecognized tax benefits, increase resulting from foreign currency translation	3,900,000	4,300,000
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(12,700,000)	0
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	(900,000)	(1,200,000)
Unrecognized Tax Benefits, Balance as of December 31	114,200,000	$ 91,400,000
Unrecognized tax benefits that would impact effective tax rate	$ 104,900,000

Prepaid Expenses and Other Current Assets (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets, Current	$ 12,600,000	$ 11,600,000
Prepaid Expense and Other Assets, Current	72,900,000	101,600,000
Government authorities	39,600,000	72,200,000
Prepaid Expense, Current	11,300,000	12,000,000.0
Deferred Costs, Current	$ 9,400,000	$ 5,800,000

Accumulated Other Comprehensive Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (377,700,000)	$ (1,243,500,000)	$ (1,615,500,000)	$ 464,700,000
Accumulated Foreign Currency Adjustment Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(1,900,000)	16,700,000
OCI, before Reclassifications, Net of Tax, Attributable to Parent	(18,600,000)
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	0
Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	4,200,000	0
OCI, before Reclassifications, Net of Tax, Attributable to Parent	2,100,000
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	2,100,000
Forward Contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	900,000	0
OCI, before Reclassifications, Net of Tax, Attributable to Parent	2,000,000.0
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	(1,100,000)
Accumulated other comprehensive income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	3,200,000	$ 16,700,000
OCI, before Reclassifications, Net of Tax, Attributable to Parent	(14,500,000)
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent	$ 1,000,000.0

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Revenue from Contract with Customer - Contract Balances (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Accounts receivable	$ 143,700,000	$ 129,300,000
Contract assets	9,400,000	5,800,000
Contract liabilities	$ 31,600,000	$ 21,300,000

Accrued Expenses and Other Current Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Employee-related Liabilities, Current	$ 167,800,000	$ 173,800,000
Tax accruals	162,500,000	130,500,000
Accrued expenses	132,700,000	121,600,000
Deferred revenues	31,600,000	21,300,000
Accrued litigation settlement	0	37,600,000
Accounts Payable and Accrued Liabilities, Current, Total	$ 494,600,000	$ 484,800,000

Property and Equipment, Net (Details) - USD ($)	12 Months Ended
Property and Equipment, Net (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 244,900,000	$ 199,500,000
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(141,600,000)	(101,000,000.0)
Property, Plant and Equipment, Net	103,300,000	98,500,000
Depreciation	42,500,000	37,600,000	$ 23,600,000
Vehicles and aircraft
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	6,400,000	6,400,000
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	42,400,000	31,700,000
Computer and peripheral equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	182,100,000	148,900,000
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 14,000,000.0	$ 12,500,000

Transactions and Balances with Related Parties (Details) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2017
Related Party Transaction [Line Items]
Related Party Transaction, Due from (to) Related Party				$ 0	$ 0
Alpha - Ultimate Parent Company
Related Party Transaction [Line Items]
Notes Payable, Related Parties						$ 92,000,000
Repayments of Notes Payable			$ 24,000,000
Related Party Transaction, Rate			4.00%
Notes Payable Repayment Terms, Related Parties			2 years
Interest Expense, Related Party		$ 1,800,000
Interest Income, Related Party		$ 1,800,000
Giant HK -Majority Shareholder
Related Party Transaction [Line Items]
Related Party Transaction, Rate			4.00%
Notes Payable Repayment Terms, Related Parties			2 years
Notes Receivable, Related Parties						$ 92,000,000
Repayment of Notes Receivable from Related Parties			$ (24,000,000)
Playtika Holdings UK - Immediate parent company
Related Party Transaction [Line Items]
Dividends, Cash	$ 2,400,000,000

Business Combinations (Notes)

12 Months Ended

Dec. 31, 2021

Business Combinations [Abstract]

Business Combination Disclosure

BUSINESS COMBINATIONS

Acquisition of Supertreat GmbH

On January 16, 2019, the Company completed the acquisition of all of the issued and outstanding shares of Supertreat GmbH ("Supertreat"), an Austrian company which owns and operates a Solitaire game, Solitaire Grand Harvest. The aggregate purchase price consisted of a fixed upfront payment of $90 million and an earnout consideration based on the performance in the twelve month-period after the Transition Period (four months after the closing date) or earlier, at the Company's sole discretion. The earnout consideration has been capped so that the aggregate purchase price shall not exceed $200 million in the aggregate.

Upon acquisition, Supertreat became a wholly-owned subsidiary of the Company. The acquisition was accounted for as a business combination. The assets acquired and liabilities assumed are recognized at their fair values at the acquisition date. The goodwill, which is non-deductible for tax purposes, is attributable to synergies between the Company's and Supertreat's respective games.

The following table summarizes the fair values of the assets acquired and liabilities assumed (in millions):


Consideration
Total consideration	$	151.2
Less: Cash acquired	(1.9)
Total consideration, net of cash acquired	149.3
Less: Acquisition date fair value of contingent consideration	(3.6)
Consideration paid as of December 31, 2019	$	145.7

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	2.4
Other current assets	0.1
Property and equipment	0.1
Intangible assets other than goodwill	109.9
Goodwill	66.1
Deferred tax liabilities	(27.5)
Contingent consideration	(3.6)
Liabilities assumed	(1.8)
Total identifiable assets acquired and liabilities assumed	$	145.7

Acquired intangible assets included in the above table are being amortized on a straight-line basis over their estimated useful life of eight years, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized.

Transaction costs incurred by the Company in connection with the Supertreat acquisition were approximately $1.0 million for the year ended December 31, 2019 and were recorded within general and administrative expenses in the consolidated statements of comprehensive income.

For the years ended December 31, 2020 and 2019, the Company recorded expenses of $3.7 million and $21.4 million, respectively, with respect to the adjustment of the contingent consideration to estimated fair value. This expense is included within general and administrative expenses in the accompanying consolidated statements of comprehensive income.

Acquisition of Seriously Holding Corp

On July 30, 2019, the Company completed the acquisition of all the outstanding shares of Seriously Holding Corp. ("Seriously"), a social games company. The upfront consideration is $281.2 million, with the potential for the former stockholders to receive up to an additional $70 million based upon the results of Seriously during 2020.

Upon acquisition, Seriously became a wholly-owned subsidiary of the Company. The acquisition was accounted for as a business combination. The assets acquired and liabilities assumed are recognized at their fair values at the acquisition date. The goodwill, which is non-deductible for tax purposes, is attributable to synergies between the Company's and Seriously's respective games.

The following table summarizes the fair values of the assets acquired and liabilities assumed (in millions):


Consideration
Total consideration	$	281.2
Less: Cash acquired	(12.2)
Total consideration, net of cash acquired	269.0
Less: Acquisition date fair value of contingent consideration	(1.3)
Consideration paid as of December 31, 2019	$	267.7

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	8.0
Other current assets	2.6
Property and equipment	0.3
Intangible assets other than goodwill	111.3
Goodwill	189.4
Deferred tax assets	3.4
Deferred tax liabilities	(22.3)
Contingent consideration	(1.3)
Liabilities assumed	(23.7)
Total identifiable assets acquired and liabilities assumed	$	267.7

Acquired intangible asset included in the above table are being amortized on a straight-line basis over their estimated useful life of eight years, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized. The determination of the fair value of the acquired assets and assumed liabilities was completed in March 2020 and there were no measurement adjustments.

Transaction costs incurred by the Company in connection with Seriously acquisition, were approximately $1.5 million for the year ended December 31, 2020 and were recorded within general and administrative expenses in the consolidated statements of comprehensive income.

For the year ended December 31, 2020, the Company recorded expenses of $13.7 million with respect to the adjustment of the contingent consideration to estimated fair value. There were no expenses recorded in the year ended December 31, 2019. This expense is included within general and administrative expenses in the accompanying consolidated statements of comprehensive income.

Acquisition of Reworks OY

On August 31, 2021, the Company entered into a Share Sale and Purchase Agreement (“SPA”) pursuant to which the Company (i) acquired 80% of all issued and registered shares and options (“Share Capital”) of Reworks Oy, a limited liability company incorporated under the laws of Finland (“Reworks”) in exchange for cash consideration of $400 million, subject to customary closing adjustments, and (ii) will acquire the remaining 20% of the Share Capital for additional cash consideration (“Earnout Payment”) in an amount to be determined based on certain performance metrics during the calendar year 2022. The Earnout Payment will be calculated based on the amount of “Company EBITDA” (as defined in the SPA) in calendar year 2022 in excess of $10.3 million multiplied by 6.0, not to exceed $200 million, as further described in the SPA. In the event “Company EBITDA” (as defined in the SPA) is $10.3 million or less, the Earnout Payment will be $1.

The acquisition was accounted for as a business combination with the Company consolidating Reworks subsequent to the August 31, 2021 closing date. The assets acquired and liabilities assumed have been recognized at their estimated fair values at the acquisition date, the determination of which was completed in the fourth quarter of 2021 and there were no material

adjustments. The goodwill, which is non-deductible for tax purposes, is generally attributable to synergies between the Company's and Reworks' respective studio operations and apps.

The acquisition date fair value of the Earnout Payment was estimated by management, with the assistance of third-party valuation specialists, based upon the probability-weighted fair values of multiple discounted cash flow analyses. The extent to which the actual EBITDA differs from the probability-weighted analysis will result in adjustments to this liability in future periods. In accordance with ASC 480, this liability has been measured at fair value as of the acquisition date and will be remeasured to fair value on each subsequent reporting date until the contingency is resolved.

The selling shareholders of Reworks include both third-party investors and certain historical employees of Reworks that will continue as employees of Playtika post-acquisition. The earnout obligation payable to selling employee shareholders that will remain as employees of Playtika had an acquisition date fair value of $54.2 million. As the SPA includes certain forfeiture provisions for selling employee shareholders, the earnout obligation payable to these employee will be recorded as compensation expense over the period that such payment is earned. As of December 31, 2021, approximately $11 million has been recorded as compensation expense and is classified as an employee-related current liability on the Company’s consolidated balance sheet.

The earnout obligation payable to the third-party sellers had an acquisition date fair value of $33.7 million. As this represents an unconditional obligation of the Company to purchase the remaining Share Capital of Reworks at an agreed upon future date, this portion of the total Earnout Payment has been classified as a liability on the Company’s consolidated balance sheet rather than non-controlling interest. As of December 31, 2021, the fair value of the earnout obligation payable to third-party sellers was $28.7 million and has been recorded as contingent consideration on the Company’s consolidated balance sheet.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed (in millions):


Consideration
Total Consideration	$	438.7
Less: Cash acquired	(10.9)
Total consideration, net of cash acquired	427.8
Less: Acquisition date fair value of contingent consideration	(33.7)
Consideration paid as of August 31, 2021	$	394.1

Identifiable assets acquired and liabilities assumed
Accounts receivable	$	9.4

Intangible assets other than goodwill	143.0
Goodwill	312.6
Deferred tax liabilities	(28.6)
Contingent consideration	(33.7)
Liabilities assumed	(8.6)
Total identifiable assets acquired and liabilities assumed	$	394.1

The developed game and user base intangible assets acquired and included in the above table are being amortized on a straight-line basis over their estimated useful life of six years and one year, respectively, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized.

Transaction costs incurred by the Company in connection with Reworks acquisition, were approximately $1.0 million for the year ended December 31, 2021, and were recorded within general and administrative expenses in the consolidated statements of comprehensive income. Pro forma results of operations for this acquisition subsequent to the August 31, 2021 acquisition date have not been presented because the incremental results from Reworks are not material to the consolidated statements of comprehensive income presented herein.

For the year ended December 31, 2021, the Company recorded other income of $5.0 million with respect to the adjustment of the contingent consideration to estimated fair value. The net amount is comprised of a favorable fair value adjustment of $6.5 million, partially offset by $1.5 million of interest expense included within general and administrative expenses and interest expense, respectively, in the accompanying consolidated statement of comprehensive income. This adjustment is a result of the Company revising its projections for Reworks 2022 performance based upon the Company’s 2022 annual budget.

Other development transactions

During 2019, the Company acquired certain technology assets and assembled workforces to expand the Company’s game portfolio and in-house expertise. These acquisitions were not individually or in the aggregate significant. Each of these transactions did not meet the definition of business combinations and were therefore accounted for under other appropriate accounting guidance. For the acquired workforce transactions, the Company recorded an aggregate of approximately $32.6 million in recruiting expense during the year ended December 31, 2019. These recruiting expenses are included in general and administrative expenses in the consolidated statements of comprehensive income. For the acquisition of the technology assets, the asset purchase agreement was entered into in October 2019. Consideration paid or payable under the asset purchase agreement includes an upfront payment of $5.0 million.

In February 2020, the Company acquired an assembled workforce to expand the Company’s game portfolio and in-house expertise for approximately $12.1 million. This acquisition was recorded as expense during the quarter ended March 31, 2020.

Debt - Schedule of Long-term Debt (Details) - USD ($)		12 Months Ended
Debt - Schedule of Long-term Debt (Details) - USD ($)	Mar. 11, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 10, 2019
Debt Instrument [Line Items]
Debt issuance costs, net		$ 50,700,000	$ 60,600,000
Long-term Debt		2,422,900,000	2,209,800,000
Debt instrument, face amount		2,485,800,000
Debt, Long-term and Short-term, Combined Amount		2,435,100,000	2,314,400,000
Current maturities of long-term debt		(12,200,000)	(104,600,000)
Debt Instrument, Face Amount, Current Portion		(19,000,000.0)
Long-term debt, excluding current maturities		2,422,900,000	2,209,800,000
Debt instrument, face amount, net current portion		$ 2,466,800,000
Term Loan [Member]
Debt Instrument [Line Items]
Debt instruments, maturity year		2028
Debt instrument, interest rate (percentage)		2.85%
Long-term Debt		$ 1,843,800,000	2,314,400,000
Debt instrument, face amount		$ 1,885,800,000			$ 2,500,000,000
Senior Notes
Debt Instrument [Line Items]
Debt instruments, maturity year	2029	2029
Debt instrument, interest rate (percentage)	4.25%	4.25%
Long-term Debt		$ 591,300,000	$ 0
Debt instrument, face amount		$ 600,000,000.0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instruments, maturity year		2026
Debt instrument, face amount				$ 250,000,000

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	21.00%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent	0.30%	2.40%	1.30%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	2.60%	1.00%	3.60%
Effective Income Tax Rate Reconciliation, Effect of "Preferred Technology Enterprise" status, Percent	(6.40%)	(6.90%)	(8.50%)
Effective Income Tax Rate Reconciliation, 162(m) Limitation	0.011	0	0
Effective Income Tax Reconciliation, GIL TI and Foreign Adjustments	0.063	0	0
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Percent	2.00%	14.20%	0.00%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	0.90%	1.30%	2.40%
Effective Income Tax Rate Reconciliation, Change in UTPs, Percent	5.80%	18.50%	3.20%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent	(11.30%)	2.30%	9.50%
Effective Income Tax Rate Reconciliation, Prior Year Income Taxes, Percent	1.70%	(1.00%)	(1.40%)
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	0.50%	(0.20%)	2.70%
Effective Income Tax Rate Reconciliation, Percent, Total	24.50%	52.60%	33.80%

Revenue from Contract with Customer- Disaggregation of Revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 2,583,000,000	$ 2,371,500,000	$ 1,887,600,000
Mobile [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,069,100,000	1,907,600,000	1,475,800,000
Web [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	513,900,000	463,900,000	411,800,000
Third-Party Platform [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,054,000,000	2,048,500,000	1,693,900,000
Internal Proprietary Platforms [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	529,000,000.0	323,000,000.0	193,700,000
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,816,700,000	1,669,000,000	1,314,800,000
EMEA [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	383,800,000	338,800,000	263,100,000
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	206,900,000	200,700,000	172,000,000.0
Other Geographic Location [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 175,600,000	$ 163,000,000.0	$ 137,700,000

Stockholders' Equity (Deficit), Equity Transactions and Stock Incentive Plan (Notes)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Shareholders' Equity and Share-based Payments

EQUITY TRANSACTIONS AND STOCK INCENTIVE PLAN

Common Stock

The following are the rights and privileges of the Company’s common shares:

Dividends - The holders of outstanding shares of the Company’s common stock are entitled to receive dividends out of funds legally available at the times and in the amounts which its board of directors may determine.

Voting rights – Holders of the Company’s common shares are entitled to one vote per share.

Liquidation – Upon the Company’s liquidation, dissolution or winding-up, the assets legally available for distribution to the Company’s stockholders would be distributable ratably among the holders of the Company’s common shares.

Preemptive or similar rights – None of the Company’s common shares is entitled to preemptive rights or subject to redemption.

Equity Transactions

On May 26, 2020, the Board of Directors of the Company approved an amendment to the Certificate of Incorporation of the Company (the ”Stock Split”) to increase the authorized number of shares of the Company’s common stock from ten (10) shares to one million (1,000,000) shares, to decrease the par value of each share of common stock of the Company from $1.00 per share to $0.01 per share, and to reclassify each share of common stock issued and outstanding immediately prior to the Stock Split into 94,500 shares of common stock.

On January 5, 2021, the Company’s Board of Directors approved an amended and restated certificate of incorporation of the Company effecting a 400-for-1 stock split of the Company’s issued and outstanding shares of common stock and an increase to the authorized shares of our common stock and preferred stock to 1,600 million shares and 100 million shares, respectively. The split and the increase in authorized shares of the Company’s common stock was effected on January 6, 2021 and without any change in the par value per shares.

All information herein related to the Company’s common stock and stock awards has been retroactively adjusted to give effect to both the May 26, 2020 stock split and the January 5, 2021 stock split.

In January 2021, promptly following the pricing of the Company’s IPO, the number of shares available for issuance under the Playtika Holding Corp. 2020 Incentive Award Plan (the “Plan”) increased by 14,335,499 shares of common stock, which represented 3.5% of the total number of shares outstanding immediately after the consummation of the IPO. The number of shares available for grant will increase on January 1st of each year through January 2030 by an amount equal to the lesser of

(i) 3.5% of the total shares of the Company’s outstanding common stock or (ii) such number of shares determined by the Board of Directors. On January 1, 2022, the number of shares available for issuance under the Plan increased by 14,041,929.

In connection with its January 15, 2021 IPO, the Company granted 7,985,297 stock options and 4,299,077 RSUs to certain of its employees. The stock options and RSUs generally vest 25% on the first anniversary of the grant date, and the remaining 75% of the options and RSUs vest in equal quarterly installments during the three years following the first anniversary of the grant date.

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”). The Plan authorizes the issuance of stock options, restricted stock, RSUs, dividend equivalents, stock appreciation rights, performance bonus awards and other incentive awards. The Plan authorizes the grant of awards to employees, non-employee directors and consultants of the Company.

The maximum number of shares of the Company’s common stock for which grants may be made under the Plan was 42,190,299 shares as of December 31, 2021. As of December 31, 2021, a total of 386,104 shares of the Company’s common stock remained available for grants of awards under the Plan.

Stock Options

The following table summarizes the Company’s stock option activity:


		Weighted	Weighted
	Stock	Average	Average		Intrinsic
	Options	Remaining	Exercise		Value
	Outstanding	Term (in years)	Price		(in millions)





Outstanding at January 1, 2021	8,000,000	9.5	$	18.71	$	58.1
Granted	8,857,172		$	26.77
Exercised	—
Cancelled	(1,007,479)		$	26.86
Expired	—
Outstanding at December 31, 2021	15,849,693	8.8	$	22.70	$	—
Exercisable at December 31, 2021	2,000,000	8.5	$	18.71	$	—

There were no stock options exercised during the years ended December 31, 2021, 2020 or 2019. The weighted-average grant-date fair value of stock options granted during the years ended December 31, 2021 and 2020 was $10.16 per share and $8.58 per share, respectively.

The Company will issue new shares of common stock upon exercise of stock options.

The Company uses the Black-Scholes option pricing model to estimate the fair value and compensation cost associated with employee stock options, which is affected by the following assumptions regarding complex and subjective variables. Any changes in these assumptions may materially affect the estimated fair value of the stock-based award.

–Fair value of common stock - Prior to the Company’s initial public offering of equity in January 2021, as the Company’s common stock was not publicly traded, the fair value of common stock was estimated by valuation reports prepared by third-party valuation specialists using multiple methods, as more fully discussed in Note 1, Organization and Summary of Significant Accounting Policies. Subsequent to the Company’s initial public offering, the Company uses the public trading price of its common stock on the Nasdaq stock market to determine the fair value of its common stock.

–Expected volatility – Prior to the Company’s initial public offering of equity in January 2021, as the Company was a private company at the time of valuation, the Company estimated volatility based on the volatilities exhibited by comparable public companies and the Company’s capital structure and utilized the observable data for a group of peer companies that grant options with substantially similar terms to assist in developing its volatility assumption. Subsequent to the Company’s initial public offering, the Company continues to estimate volatility in the same manner as it has not yet established sufficient history to estimate volatility of its own. Expected volatility used in the valuation of options granted in 2021 and 2020 ranged from 38.2% to 48.0%.

–Risk-free interest rate - The risk-free interest rate was estimated based on the U.S. Treasury yield curve in effect at the time of grant and with maturities consistent with the expected term of the respective equity option award. The risk-free interest rate used in the valuation of options granted in 2021 and 2020 ranged from 0.42% and 0.98%.

–Expected term - The Company estimated the expected term based on the average time between the vesting date and expiration date, ten years after the grant date, of the respective equity option award.

–Expected dividend yield - The Company does not anticipate paying cash dividends on its shares of common stock; therefore, the expected dividend yield was assumed to be zero.

The options granted during 2020 vest over four years, with 25% vesting on each of the four anniversaries of the grant date. For options granted during 2021, 25% of the options generally vest on the first anniversary of the grant date, and the remaining 75% of the options vest in equal quarterly installments during the three years following the first anniversary of the grant date. The stock options have a contractual term of ten years. Except as provided in an option agreement between the Company and the employee, if an employee is terminated (voluntarily or involuntarily), any unvested awards as of the date of termination will be forfeited.

RSUs

The majority of RSUs granted on June 26, 2020 vested immediately, while the remaining RSUs granted on June 26, 2020 vested 25% immediately, and 25% vest on each of the first three anniversaries of the grant date.

In October 2020, the Company’s board of directors approved the issuance of 5,854,800 RSUs. The RSUs vest over four years, with 25% of the RSUs vesting on each of December 31, 2021, 2022, 2023 and 2024, subject to continued service on the applicable vesting date.

For RSUs granted during 2021, 25% of the RSUs generally vest on the first anniversary of the grant date, and the remaining 75% of the RSUs vest in equal quarterly installments during the three years following the first anniversary of the grant date. Except as provided in an award agreement between the Company and the employee, if an employee is terminated (voluntarily or involuntarily), any unvested awards as of the date of termination will be forfeited. RSUs settle for outstanding shares of the Company’s common stock upon vesting.

The following table summarizes the Company’s RSU activity:


		Weighted		Total Fair
		Average		Value of
		Grant Date		Shares Vested
	Shares	Fair Value		(in millions)
Outstanding at January 1, 2020	—
Granted	19,854,800	$	19.41
Vested	(13,910,000)	$	18.71	$	260.1
Cancelled	—
Outstanding at December 31, 2020	5,944,800	$	21.04
Granted	7,515,510	$	28.23
Vested	(1,512,218)	$	21.17	$	26.6
Cancelled	(573,008)	$	30.62
Outstanding at December 31, 2021	11,375,084	$	25.29

There was no RSU activity in 2019.

Stock-based compensation

The following table summarizes stock-based compensation costs by award type (in millions):


	Year ended December 31,
	2021		2020
Stock options	$	35.2	$	8.9
RSUs	67.9		267.1
Total stock-based compensation costs	$	103.1	$	276.0

The following table summarizes stock-based compensation costs, net of amounts capitalized, as reported on the Company’s consolidated statements of comprehensive income (in millions):


	Year ended December 31,
	2021		2020
Research and development expenses	$	27.7	$	0.5
Sales and marketing expenses	8.3		0.4
General and administrative expenses	64.4		275.1
Total stock-based compensation costs, net of amounts capitalized	$	100.4	$	276.0

During the year ended December 31, 2021, the Company capitalized $2.7 million of stock-based compensation cost.

There were no stock-based compensation costs in 2019.

As of December 31, 2021, the Company’s unrecognized stock-based compensation expenses related to stock options was approximately $104.3 million, which are expected to be recognized over a period of 2.9 years. As of December 31, 2021, the Company’s unrecognized stock-based compensation expenses related to unvested restricted stock units was approximately $244.8 million, which are expected to be recognized over a period of 2.9 years.