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Playtech reports 12% increase in full-year 2021 revenue

Playtech has reported revenue of €1.21bn ($1.33bn) for the year ended 31 December 2021, a 12% increase from the prior-year period.

playtech fy

Playtech has reported revenue of €1.21bn ($1.33bn) for the year ended 31 December 2021, a 12% increase from the prior-year period.

Adjusted EBITDA amounted to €317.1m, up 25% from the year ended 31 December 2020, while Adjusted post-tax profit grew 366% year-on-year to €127.6m.

The group noted that it delivered a “strong financial performance, exceeding its previous guidance.” The performance was underpinned by Playtech’s B2B business, particularly in the Americas, and the “continued outperformance” from its Italian B2C business Snaitech.

“Our full-year results demonstrate the quality of Playtech's technology and the momentum across the group,” said Playtech CEO Mor Weizer.

“Our strong performance is underpinned by our B2B business, in particular the tremendous growth we have seen in the Americas. We have made real progress in the execution of our US strategy, supported by new licences, new launches and new partnerships, and we continue to go from strength to strength in Latin America, buoyed by new strategic agreements across the region. 

“In B2C, the story is similar, with Snaitech continuing to outperform the market, achieving the position of the number one brand across sports betting and retail in Italy.”

The group also touched on current trading and looked to the future, noting that it has enjoyed an excellent start to 2022, with its B2B and B2C online businesses expected to continue delivering strong performances.

“Given the strong FY performance and momentum within the business into 2022, the board is confident of Playtech's future prospects,” Playtech noted.

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