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Playtech
(LSE:PTEC)
Playtech (PTEC) vs. iShares MSCI United Kingdom ETF (EWC)
Playtech Business Overview & Revenue Model
Playtech Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.75B | 1.71B | 1.60B | 1.21B | 1.08B | 1.51B | Gross Profit |
| 1.75B | 1.71B | 1.60B | 1.21B | 1.08B | 1.51B | EBIT |
| 281.60M | 255.70M | 203.80M | 99.60M | 39.80M | 126.35M | EBITDA |
| 358.40M | 467.50M | 376.60M | 269.90M | 212.50M | 361.89M | Net Income Common Stockholders |
| 112.20M | 105.10M | 40.60M | 674.60M | -73.04M | 13.85M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 51.52M | 516.20M | 426.50M | 575.40M | 683.68M | 671.54M | Total Assets |
| 288.82M | 3.33B | 3.02B | 3.65B | 3.06B | 3.10B | Total Debt |
| 0.00 | 732.90M | 633.40M | 1.13B | 1.26B | 1.03B | Net Debt |
| -51.52M | 216.70M | 206.90M | 556.80M | 580.89M | 355.04M | Total Liabilities |
| 63.28M | 1.52B | 1.32B | 2.07B | 2.16B | 1.88B | Stockholders Equity |
| 225.53M | 1.81B | 1.70B | 1.58B | 899.59M | 1.23B |
| Cash Flow | Free Cash Flow | ||||
| 243.60M | 216.90M | 285.50M | 110.80M | 247.47M | 169.71M | Operating Cash Flow |
| 299.00M | 366.90M | 410.90M | 225.00M | 366.92M | 320.94M | Investing Cash Flow |
| -204.30M | -317.60M | -358.30M | -127.60M | -89.35M | -200.87M | Financing Cash Flow |
| -310.60M | 39.90M | -566.90M | -218.40M | 104.62M | -69.25M |
Playtech Technical Analysis
Playtech Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £1.07B | 10.80 | 6.42% | ― | 3.75% | ― | |
76 Outperform | £135.17M | 15.27 | 30.30% | ― | 21.54% | 48.51% | |
75 Outperform | £585.54M | 18.20 | 9.21% | 1.20% | 9.68% | 126.73% | |
62 Neutral | $6.97B | 11.36 | 2.77% | 3.91% | 2.66% | -22.00% | |
| £8.82M | ― | ― | ― | ― | |||
57 Neutral | £4.85B | ― | -23.74% | 2.45% | 6.70% | 53.23% | |
55 Neutral | £241.98M | ― | -379.34% | ― | 2.55% | -239.10% |
Playtech Earnings Call Summary
Playtech Corporate Events
Playtech announced that its CEO, Mor Weizer, and CFO, Chris McGinnis, have purchased shares in the company as part of their remuneration policy, which defers a portion of their annual bonus into shares. This move aligns with the UK Market Abuse Regulation and reflects the executives’ confidence in the company’s future prospects, potentially impacting stakeholder perceptions positively.
The most recent analyst rating on (GB:PTEC) stock is a Buy with a £7.80 price target. To see the full list of analyst forecasts on Playtech stock, see the GB:PTEC Stock Forecast page.
Spark’s Take on GB:PTEC Stock
According to Spark, TipRanks’ AI Analyst, GB:PTEC is a Outperform.
Playtech’s overall stock score of 76 reflects strong technical momentum and positive strategic moves, such as the sale of Snaitech and a special dividend announcement. The company’s robust earnings performance, particularly in the B2B segment, supports a positive outlook. However, challenges in B2C performance, regulatory changes in key markets, and valuation concerns moderate the score. The strategic focus on B2B and solid financial execution position it well for future growth, but achieving consistency in revenue and profitability will be crucial.
To see Spark’s full report on GB:PTEC stock, click here.
Playtech has announced the redemption of the remaining €150 million of its €350 million senior secured notes, following the sale of Snaitech. The redemption, set for June 2, 2025, will be funded by the proceeds from this sale, which was completed on April 30, 2025. This move is part of Playtech’s strategic financial management, potentially strengthening its financial position and providing flexibility for future investments or operations.
Spark’s Take on GB:PTEC Stock
According to Spark, TipRanks’ AI Analyst, GB:PTEC is a Outperform.
Playtech’s overall stock score of 76 reflects strong technical momentum and positive strategic moves, such as the sale of Snaitech and special dividend announcement. The company’s robust earnings performance, particularly in the B2B segment, supports a positive outlook. However, challenges in B2C performance, regulatory changes in key markets, and valuation concerns moderate the score. The company’s strategic focus on B2B and solid financial execution position it well for future growth, but achieving consistency in revenue and profitability will be crucial.
To see Spark’s full report on GB:PTEC stock, click here.
Playtech PLC has announced a special dividend of €5.73 per ordinary share following the completion of its sale of Snaitech S.p.A. This distribution, totaling approximately €1.8 billion, will be paid to shareholders on 12 June 2025, with the option to receive the dividend in either Euro or Sterling. This move reflects Playtech’s commitment to returning value to its shareholders and may enhance its attractiveness to investors by showcasing its financial strength and strategic focus on core operations.
Playtech plc has completed the sale of its subsidiary, Snaitech S.p.A., to Flutter Entertainment plc for approximately €2.3 billion. This transaction allows Playtech to concentrate on its B2B gambling market strategy, with plans for accelerated growth and a simplified business model. Additionally, Playtech plans to distribute a special dividend of €5.73 per share to its shareholders, expected to be paid in June 2025.
Playtech announced the exercise and sale of 100,000 ordinary shares by Fabio Schiavolin, CEO of Snaitech, under the Playtech Long Term Incentive Plan 2012. This transaction, conducted on the London Stock Exchange, reflects the company’s adherence to the UK Market Abuse Regulation and may have implications for its stock value and investor perceptions.
Playtech has announced that its 2025 Annual General Meeting will be held on May 21, 2025, at Bryan Cave Leighton Paisner LLP in London. The AGM notice and Annual Report have been submitted to the National Storage Mechanism and are available online. This announcement is part of Playtech’s ongoing efforts to maintain transparency and engagement with its stakeholders, reinforcing its position as a leader in the gambling technology sector.
Playtech has announced the appointment of John Gleasure as an independent Non-executive Director and Chairman Elect, set to succeed Brian Mattingley after the company’s annual general meeting in May 2025. Gleasure, with extensive experience in sports, media, and technology sectors, is expected to contribute significantly to Playtech’s ongoing transformation into a predominantly B2B business, leveraging his expertise to drive the company’s strategy and create shareholder value.
Playtech announced that Fabio Schiavolin, CEO of Snaitech, exercised options and sold a total of 95,000 ordinary shares in the company on April 10 and 11, 2025. This transaction, conducted under the Playtech Long Term Incentive Plan 2012, was disclosed in compliance with the UK Market Abuse Regulation. The sale of shares, which took place on the London Stock Exchange, reflects the company’s ongoing commitment to transparency and regulatory compliance. This move may impact Playtech’s stock performance and stakeholder perceptions, as it involves a significant transaction by a key executive.
Playtech PLC has announced the completion of regulatory approvals for the sale of Snaitech S.p.A. to Flutter Entertainment’s subsidiary, with the transaction expected to conclude by the end of April 2025. This sale will allow Playtech to concentrate on its B2B gambling technology offerings and return €5.73 per share to shareholders as a special dividend, highlighting a streamlined business model and focused growth strategy.
Playtech plc has announced the completion of a revised strategic agreement with Caliplay, finalized on March 31, 2025. This development is expected to strengthen Playtech’s market position and enhance its strategic operations, potentially benefiting stakeholders by aligning with the company’s growth objectives.
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.
Playtech plc has announced that it has received Mexican antitrust approval for its revised strategic agreement with Caliplay. With all necessary approvals now in place, the completion of these arrangements is set for 31 March 2025, potentially strengthening Playtech’s market position and operational capabilities in the region.
Playtech, a prominent player in the online gambling industry, announced it will release its full-year results for 2024 on March 27, 2025. The results presentation will be held in-person and accessible via webcast, hosted by CEO Mor Weizer and CFO Chris McGinnis. This announcement is significant for stakeholders as it provides insights into the company’s performance and strategic direction, potentially impacting its market positioning and investor confidence.