Playtech PLC, a leading platform, content, and services provider in the online gambling industry, announced its final results for the year ended 31 December 2025. The company reported strong execution on its Americas strategy, upgrading its FY26 outlook after an excellent start. Key highlights include
**Financial Performance**Revenue declined by 10% to €763.6 million, and EBITDA decreased by 9% to €197.0 million, primarily due to the revised Caliente agreement. However, underlying software fees from Caliente grew strongly.
**Strategic Transactions**Completed the sale of Snaitech for €2.3 billion, generating over €800 million in cash since ownership, and paid a special dividend of approximately €1.8 billion to shareholders.
**Americas Growth**Key growth markets in the Americas performed ahead of expectations, with strong contributions from the US (revenue up ~100%) and Latin America, driven by investments in Caliente Interactive and Hard Rock Digital (HRD).
**Balance Sheet Strength**Maintained a strong balance sheet, enabling investment and capital returns, including repurchasing 8.3% of issued share capital in H2 for €77 million.
**Outlook**Expects FY26 Adjusted EBITDA to be ahead of current consensus expectations, despite regulatory headwinds in many markets.
Operationally, Playtech reported under three segments: B2B, investment income, and B2C. The B2B segment saw revenue decline due to the Caliente agreement impact, but underlying performance was solid, especially in regulated markets. The Americas strategy showed strong progress, with significant revenue growth in the US and Canada, and expansion into new states. Live revenue increased, and SaaS revenues grew by 48%.
Investment income was driven by the revised Caliente agreement, with Adjusted investment income of €61.8 million. Dividends from HRD totaled €10.3 million, reflecting strong growth.
The B2C segment, now a lower strategic priority, saw revenue decline to €78.5 million, with Adjusted EBITDA losses narrowing to €6.2 million as the HAPPYBET business was wound down.
Playtechs CEO, Mor Weizer, emphasized the companys transition to a focused B2B technology business, highlighting strong performance in the US and Latin America, and expressed confidence in achieving medium-term targets of €250-300 million in Adjusted EBITDA and €70-100 million in Free Cash Flow.