Article Contributors

Playtech posts a record FY22 revenue of €1.6bn

Playtech has reported full-year revenue of €1.6bn for 2022, which is a year-on-year increase of 33% when compared to the €1.2bn gained in 2021.

A Company Record

The adjusted EBITDA was 28% of YoY to €4.5.6m or 22% in cc, while the adjusted post-tax profit increased by 26% from €127.6m to €160.5m.

The company’s B2B also accounted for €632.4m of group revenue, which is a YoY increase of 14%. The B2B adjusted EBITDA has also increased from €139.2m to €160.2m, which the company has also praised considering that 10% of Playtech’s workforce is currently based in Ukraine.

The B2B revenue in Europe (bar the United Kingdom), also increased 31% on a cc basis, reaching a massive €184.6m. This sum was boosted by the Netherlands along with contributions from Spain, Poland and Ireland.

playtech record revenues

The Americas also performed well for this software game developer, with revenue increasing 27% on a cc basis, reaching an impressive €144.7m. This boost was attributed to a specific Mexican operator as well as its strong performance in Brazil, where the supplier also states that the success in the South American nation is giving it significant opportunities going forward.

The only region, where the company saw a decline was Asia, where the revenue fell 18% YoY due to pressures and lockdowns in the region in 2022. Playtech also mentioned that a bad debt provision of €15.4 also hit the first in the first quarter of 2022.

Mor Weizer, CEO of Playtech, said: “2022 was a year of considerable strength for Playtech in which we delivered record revenues and EBITDA, ahead of market expectations. All parts of the business contributed to this performance, with B2B powered by Europe (ex-UK) and the Americas and B2C’s impressive performance underpinned by Snaitech’s continued strength in the Italian market in both retail and online.

“Strategically, we have also continued to deliver, executing the successful sale of Finalto continuing our simplification strategy, and making great progress in North America with the launch of the IMS platform with Parx Casino in Pennsylvania and having signed several significant new deals, including Golden Nugget, WynnBET, Resorts and 888.”

Discover More News from NewCasinos

big ben london photo
UK Gambling Minister Warns of Potential Further Action Against UK White-Label Operators Twycross is engaging the Gambling Commission and the industry to gather further evidence of ...
A man using a virtual reality headset sat at a desk with handheld controllers
How Virtual and Augmented Reality Could Transform UK Online Casinos What Are AR and VR? Likely, you have already had some experience with AR and VR. A few games...
man in front of online casino slot machine on laptop computer at night
Betting and Gaming Council Pushes for Stronger Advertising Codes Governments and regulators in the UK have been urged to think more about their duties and ho...
a row of slot machines
Government Introduces Levy and Slots Cap to Curb Problem Gambling There has been a voluntary levy in place for gambling operators in the UK, but some companie...
Relax Gaming Launches Dream Drop Jackpot Slots Leading software game provider Relax Gaming has announced the release of its latest products...
€5,000 up for grabs at Playouwin Casino! €5,000 in cash prizes up for grabs this week at Playouwin Casino Win your share of the €5,00...

Leave a Comment