Playtika CEO and co-founder Robert Antokol on its IPO
CNBC's "Squawk Alley" team is joined by Playtika CEO and co-founder Robert Antokol to discuss its IPO that's awaiting its first trade. It's the biggest IPO of 2021 so far.
Former CEO & Co-Founder, Playtika
Search every verified Robert Antokol interview, podcast appearance, and on-the-record quote โ each transcript cross-checked by AI and human review to confirm speaker identity. On January 15, 2021, Playtika CEO and co-founder Robert Antokol appeared on CNBC's "Squawk Alley" to discuss the company's IPO, which he described as a "big milestone for an Israeli company that was established 10 years ago to go public here in the U.S." Antokol stated that Playtika is "a cash flow positive company from day one" and characterized the company as "a little bit different than the other mobile companies," citing its technology and data-driven approach. He said that Playtika treats its games as platforms, noting that Slotomania receives "fresh content every week or every two weeks" and that nine of the top 100 games in the U.S. are Playtika games. Regarding platform risk, Antokol said that Apple and Google "were always an amazing partner of Playtika" and that running on their platforms "has never been a risk for us, it's always been an advantage." When asked about the Chinese consortium retaining voting power post-IPO, Antokol stated that Playtika is "an Israeli independent company" with management in Israel and that the company has had Israeli and U.S. investors, adding that "we have no issue with it."
“For us it's a big, big milestone for an Israeli company that was established 10 years ago to go public here in the U.S. โ it's great for us and for our employees.”
“We are growing โ we are a cash flow positive company from day one.”
“We look at our game as the platform โ we treat our games like they are here to stay; for example Slotomania is a platform getting fresh content every week or every two weeks.”
“We have unbelievable technology running with us from day one โ we are a technology company, we look at data; everything that we do, every new product, every move around games is based on data, not on a hunch.”
“Nine of the top 100 games in the U.S. are Playtika games โ we are a little bit different than the others; we are more stable.”
“Apple and Google were always an amazing partner of Playtika โ we were running on their platform from day one; it's never been a risk for us, it's always been an advantage and we are feeling very stable for the future and we don't see any issue.”
“Although a Chinese consortium will retain voting power post-IPO, we had Israeli investors and U.S. investors like Apollo and TPG โ management sitting in Israel is independent, we have different shareholders and we have no issue with it; we are an Israeli independent company and this is very important to me.”
“We used to run on third-party platforms and that has been an advantage โ stability for the business came from those partnerships.”
CNBC's "Squawk Alley" team is joined by Playtika CEO and co-founder Robert Antokol to discuss its IPO that's awaiting its first trade. It's the biggest IPO of 2021 so far.
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