Playtech PLC

PTEC

Equity

ISIN IM00B7S9G985 / Valor 18961951

LSE London Stock Exchange, SETS (2024-11-20)

GBP 7.21-0.96%

Playtech PLC
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About company

industry, providing online gaming software solutions to leading operators worldwide. Established in 1999, Playtech focuses on developing top-quality gaming products and content, forming strong partnerships with licensees. The company's product suite includes online casino, poker, bingo, sports betting, live gaming, casual and fixed odds games, as well as innovative solutions like Self Service Betting Terminals (SSBTs) and online bingo products. Playtech's acquisitions, such as Quickspin, Best Gaming Technology, and ECM Systems, demonstrate its commitment to driving Omni-channel gaming and expanding its offerings. With a presence on the London Stock Exchange Main Market, Playtech continues to lead the way in the gambling industry with its cutting-edge solutions and strategic partnerships.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Playtech PLC reported a 7% increase in revenue for the year ended 31 December 2023, reaching €1,706.7 million compared to €1,601.8 million in FY 2022. This growth was driven by strong performances across both B2B and B2C segments.

EBITDA Performance

The company's Adjusted EBITDA for FY 2023 rose by 9% to €432.3 million, up from €395.4 million in the previous year. This increase was attributed to solid operating leverage and healthy performance in regulated markets.

Post-Tax Profit

Playtech PLC's reported post-tax profit saw a significant rise to €105.1 million in FY 2023, compared to €40.6 million in FY 2022. This improvement was largely due to an increase in EBITDA and the fair value of the Playtech M&A call option related to Caliplay.

B2C Division

The B2C division of Playtech PLC experienced a 5% increase in revenue, reaching €1,037.0 million in FY 2023, up from €983.1 million in FY 2022. Adjusted EBITDA for this segment also grew by 6% to €250.3 million.

Outlook

Playtech PLC has maintained its medium-term Adjusted EBITDA targets for both B2B (€200 – €250 million) and B2C (€300 – €350 million) divisions. The company remains confident in its ability to execute growth opportunities and deliver value for shareholders.

Summarized from source with an LLMView Source

Key figures

66.4%1Y

-2.57%3Y

75.6%5Y

Performance

34.3%1Y

38.4%3Y

45.6%5Y

Volatility