Education
About Us
Working with TipRanks
Follow Us
Playtech (GB:PTEC)
LSE:PTEC
Earnings Data
Report Date
Sep 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: 6.72%
|Next Earnings Date:Sep 18, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Playtech's strong financial performance in 2024, driven by growth in its B2B division and strategic transformations. The company is seeing positive developments in key markets and is strategically positioned for future growth. However, challenges remain with underperforming B2C assets, regulatory impacts in Brazil, and declines in Asia. Overall, the highlights outweigh the lowlights, indicating a positive outlook.Company Guidance
During a recent call, Playtech provided guidance reflecting strong financial performance and strategic plans for the future. In 2024, the company achieved a robust adjusted EBITDA of €480 million, marking an 11% year-on-year increase and surpassing previous expectations. The B2B division led this growth with a 22% rise in adjusted EBITDA to €222 million. Playtech outlined a new medium-term adjusted EBITDA target for continuing operations of €250 million to €300 million, factoring in a revised agreement with Caliplay. The company also anticipates generating a free cash flow of €70 million to €100 million. Strategic moves included the sale of Snaitech to Flutter for €2.3 billion, expected to be completed in Q2 2025, with a special dividend payout of €1.7 billion to €1.8 billion anticipated upon deal closure. The company aims to maintain a strong balance sheet, reducing net debt to €143 million by the end of 2024, and plans to utilize proceeds from the Snaitech sale to achieve a net cash position by the end of 2025. Looking ahead, Playtech is focused on leveraging growth opportunities in attractive markets such as the U.S. and Brazil, emphasizing operational efficiency and innovative content delivery to drive future success.Strong Financial Performance in 2024
Playtech reported adjusted EBITDA of €480 million, up 11% year-on-year, with strong momentum in the B2B division, achieving 22% growth in B2B adjusted EBITDA to €222 million.
Strategic Agreements and Transformations
Playtech signed landmark agreements, including the sale of Snaitech to Flutter for €2.3 billion and a revised strategic agreement with Caliplay, setting a new medium-term adjusted EBITDA target for continuing operations of €250 million to €300 million.
Significant Reduction in Net Debt
Playtech reduced net debt to €143 million at the end of 2024 from €283 million a year earlier, reflecting strong cash generation and strategic debt repayments.
Expansion in Regulated Markets
The B2B division saw significant growth in regulated markets, including a 15% increase in Latin America revenue and a 126% increase in the U.S. and Canada, albeit from a small base.
Innovations in AI and Operational Efficiency
Playtech is leveraging AI to drive efficiencies, including the implementation of GitHub Copilot for developers and AI to monitor performance in studios.
Positive Developments in Key Markets
Playtech's strategic positions in the U.S., Brazil, and Latin America are expected to contribute to significant future growth, with Brazil's market regulation commencing in January 2025.
GB:PTEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:PTEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 27, 2025 | 288.14p | 285.78p | -0.82% |
Sep 30, 2024 | 298.36p | 295.61p | -0.92% |
Mar 27, 2024 | 185.54p | 185.07p | -0.25% |
Sep 07, 2023 | 206.18p | 205.79p | -0.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Playtech (GB:PTEC) report earnings?
Playtech (GB:PTEC) is schdueled to report earning on Sep 18, 2025, TBA Not Confirmed.
What is Playtech (GB:PTEC) earnings time?
Playtech (GB:PTEC) earnings time is at Sep 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Playtech stock?
The P/E ratio of Playtech is N/A.
What is GB:PTEC EPS forecast?
Currently, no data Available