Strong B2B performance drives 73% year-over-year revenue growth for Playtech

Strong B2B performance drives 73% year-over-year revenue growth for Playtech

Article brief provided by SBC News
  • Ted Orme-Claye, SBC News
September 22, 2022 10:31 PM
Updated: September 27, 2022 9:39 AM
  • Ted Orme-Claye, SBC News
  • Europe
  • Suppliers

The onboarding of Snaitech, coupled with positive trading across its B2B operations, contributed heavily to a strong performance for Playtech throughout H1 2022.

Publishing its interim report [Thursday], the betting and gaming supplier outlined a revenue increase of 73% to €792.3m [$779.2m] (H1 2021: €457.4m), coupled with EBITDA of €203.8m – a 64% rise on the 2022 figure of €124.1m.

Overall, the group’s B2B division proved to be the dominant growth driver throughout the first six months of the year, with revenue for this sector standing at €312m. This represents a year-on-year growth rate of 17%.

Meanwhile, B2C revenue benefited from white label operations as well as the acquisition of Snaitech, recording total revenue of €487.3m (€196.6m and EBITDA of €126.6m (€52m).