Playtech lifts expectations as Americas growth drives record H1 earnings

Playtech lifts expectations as Americas growth drives record H1 earnings

Article brief provided by iGaming Businessd
  • Richard Mulligan, iGaming Businessd
September 7, 2023 8:20 PM
  • Richard Mulligan, iGaming Businessd

Playtech is set to outperform market expectations this year thanks to record earnings in H1 driven by success in high-growth regions such as the US and Latin America.

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In a trading update for the six-month period to 30 June 2023, the gambling technology group said revenue was up 8% year-on-year to €859.6m [$919.9m]. Within this, its B2C business – including Snaitech, HAPPYBET and Sun Bingo – was up 9% to €532.1m, while B2B grew 7% to €334.5m.

Chief executive Mor Weizer said: “Our success in the period was driven by our diversified portfolio, spanning B2B and B2C, in some of the fastest-growing regulated markets around the world”…

In B2B, the Americas was the standout region during the period, with revenue growth of 43% to €99.7m.