Playtech Sees Revenue Uptick from Continuing Operations in 2024

The fast-growing platform, content and services provider, catering to the global gambling industry, Playtech, released its latest financial update, highlighting strong growth for the year ended December 31, 2024. The company’s latest report highlighted a number of accomplishments, while uncovering details regarding its plans for 2025.

Playtech Highlights a Number of Important Achievements

Notably, Playtech’s full year 2024 revenue increased by 5% year-over-year to €1.79 billion ($1.93 billion). While that result pointed to an increase when compared to the corresponding period in 2023, EBITDA recorded a decrease. Playtech’s EBITDA for the latest trading period halted at €358.8 million ($387.1 million). This result, signaled a 12% decrease when compared to the €406.5 million ($438.5 million) reported in FY 2023.

A similar decrease was observed in EBITDA from continuing operations. That figure halted at €127.7 million ($137.8 million) for FY 2024, down by 16% year-over-year. On the bright side, Playtech’s revenue from continuing operations soared by 10% to €848.0 million ($914.4 million).

In its update, Playtech acknowledged that the sale of Snaitech is on track for completion in Q2 2025. “Revised agreement with Caliplay underpins Playtech’s future growth as a predominantly, pure-play B2B business; completion of the revised arrangements scheduled to take place on 31 March 2025,” reads the company’s recent update.

Per the financial report, B2B Adjusted EBITDA recorded significant growth of 22% year-over-year hitting €222.0 million ($239.4 million). Not unexpectedly, Playtech’s operations in the Americas brought significant success, where revenue increased by 19% year-over-year to €251.6 million ($271.4 million).

In 2024, the company launched casino and live content with Hard Rock Digital in New Jersey, expanding further its footprint. On the other hand, Playtech grew its presence in Latin America with Wplay in Colombia and recorded a significant performance with Caliplay.

The financial update further reveals: “Live revenue saw strong growth of 24% in regulated markets versus FY 2023.” Another important milestone achieved by Playtech was the launch of its AI-led safer gambling tool, BetBuddy, with seven new brands throughout 2024. This expanded BetBuddy’s reach to 14 jurisdictions as it powers now a total of 23 brands.

The Company Looks Forward to New Growth Opportunities

According to Playtech’s CEO, Mor Weizer, 2024 was an important year for the company. “We successfully reached an agreement to sell Snaitech to Flutter Entertainment, delivering significant value to our shareholders while enabling Playtech to refocus predominantly on its core strengths as a pure-play B2B business,” he explained.

Weizer outlined that Playtech was excited to ink a new strategic deal with Caliplay in Mexico. This marked an important step in setting a strong foundation for the company’s future growth in the region. What’s more, Weizer spoke about the outstanding success the company recorded in the B2B vertical.

In conclusion, the CEO said: “The combination of Playtech’s industry-leading technology with its exposure to attractive markets underpins our confidence in the Group’s new medium-term targets. We are excited about the future and the many opportunities ahead.”

Focusing on 2025, Playtech acknowledged the strong start of the year completed by “growth trends in B2B.” The company admitted it will focus on operational efficiencies, strengthening its balance sheet and seizing new growth opportunities.