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Playtech ( (GB:PTEC) ) has shared an announcement.
Playtech announced its financial results for 2024, highlighting a strong performance in its B2B sector, with adjusted EBITDA growing by 22% to €222 million. The company is on track to complete the sale of Snaitech in Q2 2025, intending to return €1,700 million – €1,800 million to shareholders. Playtech’s strategic focus is shifting towards a pure-play B2B business, supported by a revised agreement with Caliplay. The company has set new medium-term financial targets, reflecting its growth strategy and operational efficiencies.
More about Playtech
Playtech plc is a leading platform, content, and services provider to the gambling industry, focusing on B2B operations. The company is known for its industry-leading technology and operates in various core markets, including the Americas, Europe, and Latin America.
YTD Price Performance: 2.52%
Average Trading Volume: 544,773
Technical Sentiment Signal: Sell
Current Market Cap: £2.23B
For a thorough assessment of PTEC stock, go to TipRanks’ Stock Analysis page.
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