Playtech updates adjusted EBITDA outlook to €400m for 2022

Playtech has adjusted its EBITDA outlook for 2022 after it has continued to perform “strongly” following its H1 2022 interim results. 

playtech ebitda
Listen To Article

As such, the company’s unaudited adjusted EBITDA for the full year 2022 is expected to be at least €400m ($435.5m), according to Playtech. 

Were this to be the case, Playtech’s adjusted EBITDA for 2022 would represent a 26% increase on the full-year 2021.  

Playtech adds that the driving force for this improved financial outlook has been the success of its B2B and Snaitech businesses.  

The company’s results for the full year 2022 will be released on 23 March 2023.  

The news of its expected EBITDA growth comes after it already reported a 73% revenue rise for H1 2022, posting €792.3m for the half-year.  

Adjusted EBITDA for H1 grew 64% year-on-year to €203.8m, with reported profit declining by 82% to €71.4m. 

At the time, the group noted that its H1 2022 performance was driven by regulated B2B markets, with the Americas growing 50% year-on-year and Europe (excluding UK) growing 39%, resulting in B2B revenue growth of 17%. 

News of Playtech’s expected growth in adjusted EBITDA follows the recent appointment of Samy Reeb to its board of directors.  

Reeb was appointed as a new independent Non-Executive Director – joining with extensive experience working with global business in the wealth and tax advisory industry. 

The end of 2022 also saw Playtech sign several deals; supplying BetVictor Group with casino content and adding AdmiralBet to its iPoker network in November 2022.  

A month earlier, Playtech added PokerMatch content to its iPoker needed too.

Casino News Sponsor
Premium+ Connections
Premium Connections
Executive Profiles
Sightline Payments
Sightline Payments
TalkSport Bet
Kindred Group

Are sportspeople being kicked out of gambling ads?  

Gambling Insider assesses the regulatory approach towards sp...

Raising the bar: Tipico Sportsbook discusses its US engagement plans

From Tipico’s pull-up bar competition to its hyperlocal fo...

In focus: Sportradar

With Florian Geheeb, Global Director Advertising Sales, Fan...

A renewed focus: XLMedia discusses its ambitions in the US affiliate market

XLMedia’s President of North America, Kevin Duffey, speaks...

Read Magazine

22 March, 2023

Asia bulletin: Bloomberry terminates deal to invest in PH Travel and Leisure

Bloomberry Resorts has terminated a deal sheet between itself and PH Travel and Leisure Corp, for a proposed investment in PH Travel and Leisure subsidiaries Lapulapu Leisure and Clark Grand Leisure Group.