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Playtika opens new office in Lausanne

Israeli mobile studio Playtika has opened a new office in Lausanne, Switzerland.

The new location will work alongside the firm’s AI studio which is based in Israel. Lausanne’s office will serve as a hub for Playtika’s dedicated AI Research and Development team which was established in 2019.

“Innovation in AI is essential to Playtika’s success….Switzerland is a hub for artificial intelligence research and development, with many talented data scientists and machine learning engineers driving advancements in the space.”

Omri Shai, executive general manager of Playtika’s Boost platform

At the start of the year, Playtika raised $1.8 billion after launching an Initial Public Offering. The publisher sold 69.5 million shares at $27 each.

The IPO exceeded expectations and as a result, Playtika reported a 20% rise in revenues in its Q1 financials, and is forecasting revenues of $2.6 billion for the fiscal year. Playtika Stock holders are not having a great year so far. The Company’s Stock is down 45% since its IPO.

Playtika Stock is down 45% since its IPO

“Our new office will serve as a second home to our AI Lab in Israel, providing us with room to build upon the talented Playtika team already based there.”

Omri Shai, executive general manager of Playtika’s Boost platform

Playtika is an Israel-based digital entertainment company that specializes in the development and publication of free to play mobile games. In 2021, Playtika had over 35 million monthly active users.

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