Playtech has reported record H1 performance with adjusted EBITDA up 10 per cent to €219.9m, revealing its forecasts of FY23 adjusted EBITDA are now slightly ahead of current expectations.
B2B H123 revenue increased by seven per cent to €334.5m, with adjusted EBITDA rising five per cent to €81.3m.
Playtech said the Americas region was the “standout” performer, delivering revenue growth of 43 per cent to €99.7m, with Caliente remaining the “key driver of this growth.”
Mor Weizer, CEO of Playtech, said: “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 our operational expertise, we are confident in our ability to capitalise on the many growth opportunities we have ahead."
In its B2C division, Playtech said revenue (including Snaitech, Happybet, Sun Bingo and other B2C brands) was up nine per cent to €532.1m, while adjusted EBITDA was up 14 per cent to €138.6m.
Snaitech’s adjusted EBITDA increased 12 per cent to €141.9m and Sun Bingo and other B2C projects saw eight per cent revenue growth to €34.1m.
Europe ex-UK revenue grew five per cent to €96.6m, with growth seen across Poland, Spain and other countries, while live casino impressed, Playtech added.
Playtech also revealed a number of changes to its Committees of the Board, including Ian Penrose’s move to Chair of the Audit Committee. Penrose will also have a role in the Nominations Committee but will step down from the ESG Committee.
