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Playtech Guides 2026 Profit Above €300m, Shares Rise

Playtech has guided 2026 adjusted EBITDA above €300m, well ahead of analyst forecasts, on strong Americas trading. It also warned that US competition, Brazil and a UK tax rise will weigh on 2027.

Playtech (LON: PTEC), which supplies gambling software and platforms to online casino and betting operators, expects 2026 adjusted EBITDA of more than €300m. Its shares rose about 3% in early trading today.

The shares were at 380.6p at 8.38 am, up 12.2p, or 3.3%, from yesterday’s close of 368.4p, after a session high of 385p. That is 14.5% below the 445p close of the 17th of September.

PTEC.LSE

In a trading update released before the market opened, Playtech said trading from 1 July to 31 October was ahead of expectations, driven by the Americas. Adjusted EBITDA is profit before interest, tax, depreciation and one-offs.

Before the update, seven analysts had a mean 2026 forecast of €279m, in a range of €271m to €285m, according to estimates compiled by the company. Because the guide is “over” €300m, it is at least about 7.5% above that mean and about 5% above the top of the range.

Playtech said it benefited in the US from being first to market with PMR, a racing-results-based betting offer, alongside its partner Hard Rock Digital, a US online betting and casino operator. Chief executive Mor Weizer said Mexico and Colombia also benefited from tailwinds after the Men’s FIFA World Cup.

Line chart of Playtech daily closing share price in pence from August to November 2026
Playtech daily closing share price, 10 August to 9 November 2026.

The caution is about 2027. Weizer said:

Looking to 2027, we expect performance to reflect growing competition from third-party PMR suppliers in the US, political and regulatory developments in Brazil and the first full-year impact of increased Remote Gaming Duty in the UK.

Mor Weizer, CEO, Playtech

Analysts’ 2027 adjusted EBITDA consensus before the update was €266m, below the new 2026 guide. That outlook may have limited the share price gain.

Playtech expects to absorb a three-month Brazil hit in 2026, with a more significant impact in 2027 if the existing market shutdown is not lifted. The UK Remote Gaming Duty, a tax on online casino profits, rose in April 2026.

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