The company reported an increase of 8% in revenue and 19% EBITDA.
Playtech's CEO forecasts higher-than-expected results for the full FY23.
After a
strong 2022, London-listed Playtech (LSE: PTEC) has presented equally strong
preliminary revenue results for H1 2023. According to today's
(Thursday) report, adjusted revenues amounted to €859.6 million, growing by 8%
compared to last year.
Playtech Reports Strong H1 2023
Playtech, a
frontrunner in the financial trading industry, has shown significant growth,
particularly in EBITDA, and is on track to outperform expectations for the entire
year. The company's EBITDA saw a substantial rise of 19%, amounting to €207.3
million. Adjusted EBITDA rose to a record-high €219.9 million, increasing 10%
compared to €199.1 million which was reported a year ago.
"We
delivered our highest ever Adjusted EBITDA in the first half of 2023,
demonstrating the benefits of the continued strategic and operational progress
made in recent years," Mor Weizer, the CEO of Playtech, commented. "I
would like to thank all our colleagues for their hard work and support in
making this possible."
The company
reported an increase of 8% in revenue, reaching €859.6 million, compared to €792.3
million in the same period in 2022. However, despite the strong revenue and
EBITDA, the post-tax profit showed a visible decline, standing at €85.7 million
compared to €94.3 million in H1 2022. This drop is attributed to changes in the
fair value of derivative financial assets and deferred tax assets.
On a
brighter note, the company reduced its net debt by 50%, bringing it down to
€248.2 million. Playtech shares have strengthened since the morning in response
to the positive results, rising by nearly 3% on the London Stock Exchange to 540
pence.
In the financial year 2022, Playtech saw an increase of 33% in its revenue, reaching €1.6 billion. This growth was primarily fueled by its robust B2B operations and the impressive results from its subsidiary, Snaitech. When evaluated in terms of constant currencies, the revenue growth stood at 31%. The firm disclosed that it amassed €632.4 million in B2B revenue from regulated markets, marking an uptick of 14% compared to the year before. Additionally, its B2C revenue, encompassing both Snaitech and white-label services, surged 48%, totaling €983.1 million.
Playtech. Source: Google
Focus on Regulated Markets
and Future Outlook
Playtech's
B2B division showed an increase of 7% in revenue, largely driven by its focus on
regulated markets. The Americas emerged as the standout region, with growth of 43% in revenue. The company also made significant strides in the US market,
securing licenses in Ohio, Maryland, and West Virginia.
Playtech is
optimistic about the second half of 2023, maintaining its medium-term EBITDA
targets for its B2B and B2C divisions. The company's balance sheet and current cash generation allow it to pursue both organic and
inorganic growth opportunities.
"We
have started the second half of the year well and are on track to deliver FY23
Adjusted EBITDA slightly ahead of current expectations. With our proven
strategy, robust balance sheet and operational expertise, we are confident in
our ability to capitalize on the many growth opportunities ahead," Weizer
added.
After a
strong 2022, London-listed Playtech (LSE: PTEC) has presented equally strong
preliminary revenue results for H1 2023. According to today's
(Thursday) report, adjusted revenues amounted to €859.6 million, growing by 8%
compared to last year.
Playtech Reports Strong H1 2023
Playtech, a
frontrunner in the financial trading industry, has shown significant growth,
particularly in EBITDA, and is on track to outperform expectations for the entire
year. The company's EBITDA saw a substantial rise of 19%, amounting to €207.3
million. Adjusted EBITDA rose to a record-high €219.9 million, increasing 10%
compared to €199.1 million which was reported a year ago.
"We
delivered our highest ever Adjusted EBITDA in the first half of 2023,
demonstrating the benefits of the continued strategic and operational progress
made in recent years," Mor Weizer, the CEO of Playtech, commented. "I
would like to thank all our colleagues for their hard work and support in
making this possible."
The company
reported an increase of 8% in revenue, reaching €859.6 million, compared to €792.3
million in the same period in 2022. However, despite the strong revenue and
EBITDA, the post-tax profit showed a visible decline, standing at €85.7 million
compared to €94.3 million in H1 2022. This drop is attributed to changes in the
fair value of derivative financial assets and deferred tax assets.
On a
brighter note, the company reduced its net debt by 50%, bringing it down to
€248.2 million. Playtech shares have strengthened since the morning in response
to the positive results, rising by nearly 3% on the London Stock Exchange to 540
pence.
In the financial year 2022, Playtech saw an increase of 33% in its revenue, reaching €1.6 billion. This growth was primarily fueled by its robust B2B operations and the impressive results from its subsidiary, Snaitech. When evaluated in terms of constant currencies, the revenue growth stood at 31%. The firm disclosed that it amassed €632.4 million in B2B revenue from regulated markets, marking an uptick of 14% compared to the year before. Additionally, its B2C revenue, encompassing both Snaitech and white-label services, surged 48%, totaling €983.1 million.
Playtech. Source: Google
Focus on Regulated Markets
and Future Outlook
Playtech's
B2B division showed an increase of 7% in revenue, largely driven by its focus on
regulated markets. The Americas emerged as the standout region, with growth of 43% in revenue. The company also made significant strides in the US market,
securing licenses in Ohio, Maryland, and West Virginia.
Playtech is
optimistic about the second half of 2023, maintaining its medium-term EBITDA
targets for its B2B and B2C divisions. The company's balance sheet and current cash generation allow it to pursue both organic and
inorganic growth opportunities.
"We
have started the second half of the year well and are on track to deliver FY23
Adjusted EBITDA slightly ahead of current expectations. With our proven
strategy, robust balance sheet and operational expertise, we are confident in
our ability to capitalize on the many growth opportunities ahead," Weizer
added.
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.
Robinhood Shares Surge 11% as Fintech Seeks Independence From Kalshi in Prediction Markets
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
