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Playtech PLC (PYTCY)
OTHER OTC:PYTCY
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2019
|% Change Since: -9.34%
|Next Earnings Date:Aug 23, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance in the B2B segment and significant strategic initiatives, including the sale of Snaitech and a revised agreement with Caliplay. However, challenges in the B2C segment, European markets, and expected impacts on cash flow and EBITDA in 2025 were noted.Company Guidance
During the call, Playtech provided guidance indicating strong financial performance for the first half of 2024, with adjusted EBITDA rising 11% to EUR243 million, exceeding initial expectations. The company's B2B division was a significant contributor, experiencing a 38% growth in adjusted EBITDA, driven particularly by success in the Americas. Group revenue increased by 5% to EUR907 million, while adjusted operating cash flow was reported at EUR151 million. The sale of Snaitech to Flutter was highlighted, with an anticipated shareholder return of EUR1.27 billion to EUR1.8 billion. Playtech's leverage decreased to 0.5 times, and with recent cash inflows, it is expected to reduce further to 0.2 times. Looking ahead, Playtech aims to achieve its medium-term adjusted EBITDA target of EUR200 million to EUR250 million by the end of 2024, with a focus on maintaining cost efficiency and exploring growth opportunities in regulated markets such as the US and Brazil.Excellent Financial Performance in H1 2024
Adjusted EBITDA reached EUR243 million, up 11% and ahead of expectations. B2B division saw adjusted EBITDA growth of 38%, with Americas being the standout region.
Growth in B2B Segment
B2B revenues were up 14%, driven by regulated markets. EBITDA margin within B2B expanded by 510 basis points.
Strong Performance in the Americas
Revenue in the Americas grew 37% in constant currency, driven by success in Mexico and Colombia. US and Canada revenue up more than 200%.
Strategic Sale of Snaitech to Flutter
Snaitech sold for a total enterprise value of EUR2.3 billion, with EUR1.27 billion to EUR1.8 billion expected to be returned to shareholders.
Revised Strategic Agreement with Caliplay
Secured a 30.8% equity ownership in Cali Interactive, with the right to receive dividends.
Significant Growth in Live and SaaS Segments
Live segment revenue grew 17% in H1, with SaaS revenues increasing by more than 40%.
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PYTCY 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
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PYTCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Sep 30, 2024 | $20.35 | $20.17 | -0.88% |
| Mar 27, 2024 | $11.92 | $11.89 | -0.25% |
| Sep 07, 2023 | $13.10 | $13.06 | -0.31% |
| Mar 23, 2023 | $13.43 | $13.31 | -0.89% |
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.
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FAQ
When does Playtech PLC (PYTCY) report earnings?
Playtech PLC (PYTCY) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Playtech PLC (PYTCY) earnings time?
Playtech PLC (PYTCY) earnings time is at Mar 20, 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 PYTCY EPS forecast?
Currently, no data Available
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