Playtech revenue grows by 5% in 2024

28 March 2025 at 7:23am UTC-4
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Casino game provider and platform developer Playtech said revenue was up 5% in 2024, to nearly €1.8 billion (US$1.96 billion)1 EUR = 1.0886 USD
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from €1.7 billion (US$1.85 billion)1 EUR = 1.0886 USD
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in 2023.

Adjusted EBITDA jumped by 11%, rising from €432.3 million (US$471 million)1 EUR = 1.0886 USD
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to €480.4 million (US$523 million)1 EUR = 1.0886 USD
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. Post-tax profits increased from €156.8 million (US$171 million)1 EUR = 1.0886 USD
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to €223.5 million (US$243 million)1 EUR = 1.0886 USD
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, up 42%. The company decreased its reported net debt by almost 50% from €282.8 million (US$308 million)1 EUR = 1.0886 USD
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to €142.8 million (US$155 million)1 EUR = 1.0886 USD
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.

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According to Playtech, the Americas were the biggest revenue drivers, wth revenues increasing by 19% there from €251.6 million (US$274 million)1 EUR = 1.0886 USD
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from €211.9 million (US$231 million)1 EUR = 1.0886 USD
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.

In the US and Canada, revenue climbed by 126% to hit €29.8 million (US$32.4 million)1 EUR = 1.0886 USD
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from €13.2 million (US$14.4 million)1 EUR = 1.0886 USD
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in 2023. Playtech holds a minority stake in Hard Rock Digital and received dividends of €3.2 million (US$3.48 million)1 EUR = 1.0886 USD
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through the release of casino and live casino content in New Jersey.

The company noted strong performances from its LatAm operators like Wplay in Colombia and Caliplay.

The revenue figures include discontinued operations like Snaitech, which Playtech is selling to FanDuel operator and global gambling company Flutter Entertainment. Snaitech is a gambling operator in Italy. The sale is anticipated to complete in the second quarter and provide shareholders with up to €1.8 billion (US$1.96 billion)1 EUR = 1.0886 USD
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in a special dividend.

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