Playtech Shares Jump: On Track to Exceed FY 2025 Expectations

On Thursday, Playtech (LSE: PTEC) announced its H1 2025 results, positioning the company to exceed full-year expectations, sending its share price higher.

The company’s stock is up more than 9% on Thursday morning, trading around the 434p mark.

PTEC’s results reflect the completion of the Snaitech sale and the transition to a predominantly pure-play B2B business model.

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However, revenue dropped 10% in H1 to €387.0 million. Adjusted EBITDA stood at €91.6 million, reflecting a 16% decrease compared to €109.5 million in the prior year, but in line with upgraded expectations from the company’s August trading statement.

The company reported a post-tax profit of €1,575.7 million, a significant increase from €5.9 million in H1 2024, primarily driven by the profit on disposal of Snaitech.

The completion of the Snaitech sale generated approximately €1.8 billion in proceeds that were distributed to shareholders as a special dividend, marking a significant return of capital.

Playtech has a net cash position of €77.1 million, a substantial turnaround from a net debt of €225.5 million in the previous year.

The revised agreement with Caliente Interactive, which took effect in March 2025, is a key factor in Playtech’s strategic repositioning. Playtech now holds a 30.8% equity stake in Caliente Interactive, with management expressing confidence that it will deliver significant value in the coming years.

Mor Weizer, CEO, stated: “These results show the strong start Playtech is making in its transition back to its roots as a predominantly pure-play B2B business…America remains a core priority given the significant opportunities in the region, and Brazil’s transition to a regulated market represents a key milestone in a high-potential market.”

Playtech anticipates increasing investment for growth in the US and Brazil during the second half of 2025. The company is mindful of regulatory headwinds in Brazil and Colombia, but remains confident in delivering FY 2025 Adjusted EBITDA ahead of expectations.

Playtech reaffirmed its medium-term targets of €250 million – €300 million for Adjusted EBITDA and €70 million – €100 million for Free Cash Flow.