REG - Playtech PLC - Trading Update

PlaytechAnnouncement

16/09/2024 07:00

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RNS Number : 2306E  Playtech PLC  16 September 2024

Playtech plc

('Playtech' or the 'Company')

Trading update

FY 2024 Adjusted EBITDA to be slightly above expectations

Playtech plc (LSE: PTEC), the leading platform, content and services provider
in the online gambling industry, is pleased to report an update on trading for
the period from 1 January 2024 to 30 June 2024.

Overview

Playtech delivered a good trading performance during the period, with a broad
continuation of the trends noted in our AGM trading statement in May 2024.

The Board now expects 2024 Adjusted EBITDA to be slightly ahead of current
consensus expectations, mainly driven by a strong performance within the B2B
division.

Divisional review

B2B

The first half of 2024 saw Playtech's B2B division perform well, driven by a
combination of revenue growth in the Americas and a focus on tighter cost
control.

As noted in a separate announcement issued today, Playtech has reached
agreement on the terms of a revised strategic agreement with Caliplay.
Playtech has now received updated information on Caliplay's financial
performance and confirms that Caliplay has continued to perform strongly in
the first half of 2024.

Good strategic progress continues to be made in the US and Canada, which
delivered very strong growth, albeit from a small base. We also saw a growing
contribution from Colombia.

B2C

Snaitech continues to see underlying growth in wagers against a tough
comparative while being negatively impacted by customer-friendly sporting
results in Italy, particularly at the start of the year.

On 14 August 2024, Playtech confirmed that it is in discussions with Flutter
around the potential sale of Snaitech. Discussions continue, although there
can be no certainty that any transaction will ultimately be agreed, or as to
its terms. Further announcements will be made as and when appropriate.

H1 2024 results date

Playtech will release its interim H1 2024 results on 30 September 2024. There
will be an in-person results presentation at 9am at the London Stock Exchange,
10 Paternoster Square, EC4M 7LS, which will also be accessible via audio
webcast. Conference call dial-in details will also be provided.

- ENDS -

For further information please contact:

 

 Playtech plc                                +44 (0) 20 3805 4822
 Sandeep Gandhi, Head of Investor Relations
 Headland (PR adviser to Playtech)           +44 (0) 20 3805 4822
 Lucy Legh, Jack Gault

 

About Playtech

Founded in 1999 and premium listed on the Main Market of the London Stock
Exchange, Playtech is a technology leader in the gambling industry with over
7,700 employees across 19 countries.

 

Playtech is the gambling industry's leading technology company delivering
business intelligence driven gambling software, services, content and platform
technology across the industry's most popular product verticals, including,
casino, live casino, sports betting, virtual sports, bingo and poker. It is
the pioneer of omni-channel gambling technology through its integrated
platform technology, Playtech ONE. Playtech ONE delivers data driven marketing
expertise, single wallet functionality, CRM and responsible gambling solutions
across one single platform across product verticals and across retail and
online.

 

Playtech partners with and invests in the leading brands in regulated and
newly regulated markets to deliver its data driven gambling technology across
the retail and online value chain. Playtech provides its technology on a B2B
basis to the industry's leading retail and online operators, land-based casino
groups and government sponsored entities such as lotteries. Playtech directly
owns and operates Snaitech, the leading sports betting and gaming company in
online and retail in Italy.

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