FY25 Trading Update
FY25 Adjusted EBITDA upgraded to at least €195m, above analyst consensus, driven by Americas strength.
vs expectations: ahead
- FY25 Adjusted EBITDA at least €195 million (prior €177 million consensus)
- Medium-term Adjusted EBITDA target €250-300 million
- Medium-term Free Cash Flow target €70-100 million
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Playtech plc (LSE: PTEC) is pleased to report strong trading in H2 2025 driven by performance in the US and Mexico in the fourth quarter. As a result, the Company now expects Adjusted EBITDA1 for the year ended 31 December 2025 (subject to audit) to be at least €195 million, significantly above the current analyst consensus2.
For 2026, the Company remains mindful of ongoing sector headwinds including the scheduled increase to gambling taxes in certain markets including the UK.
However, the Q4 revenue trends seen in the Americas mean that Playtech enters 2026 with good momentum, as returns on the Company's investments in recent years accelerate.
Given the strong performance and prospects in regulated markets, notably the Americas, Playtech remains confident in its outlook for 2026 and its medium-term targets of €250-300 million of Adjusted EBITDA and €70-100 million of Free Cash Flow.
Mor Weizer, CEO, said:
"I'm delighted with the strong performance we saw at the end of 2025. We have been steadily investing across our business in the Americas for a number of years, and I'm particularly pleased with our recent progress in the US, as the benefits of our hard work start to accelerate and flow through to profitability. We continue to invest selectively into the US and elsewhere in the Americas, where we see additional growth opportunities. While we remain mindful of wider sector headwinds, I am excited by the momentum we are building and the significant growth opportunity ahead."
Notes:
1 Adjusted EBITDA includes the operating loss of HAPPYBET and our share of income from associates, notably from our 30.8% shareholding in Caliente Interactive. It excludes the contribution from Snaitech for the period it was owned by Playtech in FY25.
2 Current analyst estimates for Playtech's Adjusted EBITDA in the year ended 31 December 2025 prior to this announcement ranged from €150 million - €187 million, with a mean consensus of €177 million across 8 analysts.
This announcement has been issued by, and is the sole responsibility of, Playtech.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.