Playtech reported strong 2024 results with 5% revenue growth and an 11% increase in adjusted EBITDA.
The company is selling Snaitech for €2.3 billion, with plans to pay a special dividend of up to €1.8 billion to shareholders.
Playtech (LSE:
PTEC) has announced
its financial results for 2024 showing a post-tax profit of €157 million, 42%
higher than a year ago. Overall, the company reported a mixed performance
across its divisions as it prepares for a strategic shift following the planned
sale of its Snaitech unit.
“Our Core B2B Business Had an Outstanding Year”
Total
reported revenue from continuing and discontinued operations increased by 5% to
€1.79 billion compared
to $1.71 billion in 2023. Adjusted EBITDA grew by 11% to €480.4 million from
€432.3 million reported a year earlier.
The
B2B division saw strong growth in its core regulated markets, particularly
in the Americas. B2B revenue increased by 10% to €754.3 million (2023: €684.1
million), with Adjusted EBITDA rising 22% to €222.0 million (2023: €182.0
million).
Mor Weizer, CEO of Playtech
“Our
core B2B business had an outstanding year, achieving the medium-term target we
set two years ago ahead of schedule,” commented Mor Weizer, the CEO of
Playtech. “The Americas saw substantial revenue growth, with Wplay in Colombia
delivering a particularly strong performance. Meanwhile, our expansion in the
US and Canada continues to gain momentum as we sign up and launch with a
growing list of operators.”
In the B2C
segment, revenue was up 2% to €1,052.7 million (2023: €1,037.0 million), while
Adjusted EBITDA increased 3% to €258.4 million (2023: €250.3 million). The
Snaitech division within B2C was impacted by customer-friendly sporting results
throughout 2024.
“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,” added
Weizer.
The company
also announced a revised strategic agreement with Caliplay, its partner in
Mexico. Under the new terms, Playtech will hold a 30.8% equity interest in
Caliente Interactive, Inc., the new US-incorporated holding company of
Caliplay.
Playtech
has set new medium-term financial targets for its continuing business, with an
Adjusted EBITDA target range of €250–300 million and a free cash flow target of
€70–100 million.
The
company's net debt decreased to €142.8 million as of December 31, 2024 (2023:
€282.8 million). Playtech made a €200.0 million partial repayment of its 2019
Bond in December 2024.
Looking
ahead, Playtech reported a good start to trading in 2025, reflecting strong
underlying growth trends in its B2B operations. However, the company faces
challenges in certain areas, including the closure of its Austrian HAPPYBET
business and ongoing regulatory changes in various markets.
Playtech (LSE:
PTEC) has announced
its financial results for 2024 showing a post-tax profit of €157 million, 42%
higher than a year ago. Overall, the company reported a mixed performance
across its divisions as it prepares for a strategic shift following the planned
sale of its Snaitech unit.
“Our Core B2B Business Had an Outstanding Year”
Total
reported revenue from continuing and discontinued operations increased by 5% to
€1.79 billion compared
to $1.71 billion in 2023. Adjusted EBITDA grew by 11% to €480.4 million from
€432.3 million reported a year earlier.
The
B2B division saw strong growth in its core regulated markets, particularly
in the Americas. B2B revenue increased by 10% to €754.3 million (2023: €684.1
million), with Adjusted EBITDA rising 22% to €222.0 million (2023: €182.0
million).
Mor Weizer, CEO of Playtech
“Our
core B2B business had an outstanding year, achieving the medium-term target we
set two years ago ahead of schedule,” commented Mor Weizer, the CEO of
Playtech. “The Americas saw substantial revenue growth, with Wplay in Colombia
delivering a particularly strong performance. Meanwhile, our expansion in the
US and Canada continues to gain momentum as we sign up and launch with a
growing list of operators.”
In the B2C
segment, revenue was up 2% to €1,052.7 million (2023: €1,037.0 million), while
Adjusted EBITDA increased 3% to €258.4 million (2023: €250.3 million). The
Snaitech division within B2C was impacted by customer-friendly sporting results
throughout 2024.
“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,” added
Weizer.
The company
also announced a revised strategic agreement with Caliplay, its partner in
Mexico. Under the new terms, Playtech will hold a 30.8% equity interest in
Caliente Interactive, Inc., the new US-incorporated holding company of
Caliplay.
Playtech
has set new medium-term financial targets for its continuing business, with an
Adjusted EBITDA target range of €250–300 million and a free cash flow target of
€70–100 million.
The
company's net debt decreased to €142.8 million as of December 31, 2024 (2023:
€282.8 million). Playtech made a €200.0 million partial repayment of its 2019
Bond in December 2024.
Looking
ahead, Playtech reported a good start to trading in 2025, reflecting strong
underlying growth trends in its B2B operations. However, the company faces
challenges in certain areas, including the closure of its Austrian HAPPYBET
business and ongoing regulatory changes in various markets.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
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We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
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▶️ YouTube: /@financemagnates_official
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#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
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- Exness’s marketing approach in South Africa
- What makes their trading product stand out
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- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
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⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
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We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
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We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
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📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
