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.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
