Playtech is expecting to report full-year 2025 adjusted EBITDA of at least €195m (£169.4m) after a positive H2 driven by gains in the US and Mexico.
The FTSE 250 supplier reported adjusted EBITDA of €91.6m in H1, which was a 16% slide against the same period in 2024.
However, should Playtech hit the €195m forecast, the figure will be down significantly from full-year 2024 (€480.4m), with the company having parsed its B2C arm.
Italy-facing Snaitech was sold to Flutter Entertainment in a €2.3bn deal, leaving Playtech to focus on its B2B efforts, as well as its investments in other B2C firms.
Playtech also sold its HAPPYBET arm to pferdewetten.
It continues to run the Sun Bingo and other small B2C entities in the UK while EGR last year revealed the firm was in discussions with News UK on a relaunch of the Sun Bets brand.
Looking ahead to 2026, Playtech said it had entered the year with “good momentum” following positive revenue trends in the Americas in Q4.
However, the firm did note it was “mindful of ongoing sector headwinds, including the scheduled increase to gambling taxes in certain markets including the UK”.
The UK is set to hike remote gaming duty from 21% to 40% in April, with operators having publicly spoken about renegotiating supplier contracts to cut costs.
In a statement following November’s Autumn Budget, Playtech said it was expecting full-year 2026 the impact on adjusted EBITDA to be in the high-teens millions of euros before mitigation.
Playtech noted it was confident in its outlook for 2026 and its medium-term targets of between €250m to €300m of adjusted EBITDA and €70m to €100m of free cash flow.
The company did not state when its full-year 2025 earnings would be published in full.
Mor Weizer, Playtech CEO, said: “I’m delighted with the strong performance we saw at the end of 2025.
“We have been steadily investing across our business in the Americas for a number of years, and I’m particularly pleased with our recent progress in the US, as the benefits of our hard work start to accelerate and flow through to profitability.
“We continue to invest selectively into the US and elsewhere in the Americas, where we see additional growth opportunities.
“While we remain mindful of wider sector headwinds, I am excited by the momentum we are building and the significant growth opportunity ahead.”
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London-listed supplier says gains across the Americas have put it in good stead for 2026 after it exited B2C position last year
The post Playtech expects FY 2025 adjusted EBITDA of at least €195m first appeared on EGR Intel.