Playtech Raises Year-End EBITDA Expectation

Playtech, the gaming software supplier listed on the London Stock Exchange, raised its 2026 adjusted EBITDA expectation to above 300 million euros. The company cited continued strong performance in the Americas as the reason for the increase.

The company said revenue and earnings had grown year on year in the first half of the year. The range, previously announced as 250 to 300 million euros, was consistent with the 270 million euro forecast at the start of the year. The interim update, covering the period from 1 July to 30 September, said the total was expected to remain above this range. It was also reported that the total would exceed 285 million euros, the upper end of analyst forecasts, while consensus stood at 279 million euros.

Playtech said its PMR motor racing product continues to generate revenue thanks to its first-mover advantage with Hard Rock Digital. However, competing third-party PMR suppliers entering the market are expected to have a more noticeable impact on market share in 2027.

The company said regulatory developments in Brazil would affect quarterly EBITDA in 2026. While it stated that it could absorb this impact, it warned that if the market shutdown continues, the effect could be larger in 2027. It also noted that the full-year impact of the Remote Gaming Duty increase in the United Kingdom will be seen in 2027, and that tax increases in other European markets have also raised costs.

CEO Mor Weizer said performance so far in 2026 has been very good, with strong momentum in regulated markets, particularly in the Americas. The performance in the US was said to be supported by the Hard Rock Digital partnership, which made a significant contribution to profitability and cash flow. Mexico and Colombia were said to have benefited from momentum following the FIFA Men's World Cup.

Analyst consensus for 2027 adjusted EBITDA was reported at approximately 266 million euros.