Playtech has announced a robust performance for the first half of 2026, reporting a 10% increase in revenues to €425.1 million and a 77% surge in Adjusted EBITDA, reaching €162.5 million. The company’s B2B segment was the primary driver, with revenues climbing 14% year-on-year to €394.8 million, or a 17% increase on an underlying basis. Adjusted EBITDA for this segment rose by 75% to €128.1 million, resulting in an improved unit margin of 32%, up from 21% in the previous year.
Regulated markets accounted for 83% of B2B revenues. Playtech's SaaS offerings experienced a 20% growth, totaling €69 million, which represents 17% of B2B revenues. The company supports over 2,000 brands and approximately 80 licensees. Cash flow generation also showed significant improvement, increasing to €101 million, up from just €6.6 million in the same period last year.
Conversely, the B2C sector saw a 22% decline in revenue, falling to €32 million, largely due to the continued exit from HAPPYBET. Despite this downturn, the segment managed to report a modest Adjusted EBITDA profit of €0.2 million, in contrast to the adjusted EBITDA loss of €1.5 million from the previous year.
Playtech has maintained its full-year guidance, projecting an Adjusted EBITDA of over €270 million. The company has adjusted its previous estimate, now forecasting an adjusted EBITDA range of €250-300 million and free cash flows between €70 million and €100 million sooner than initially expected.
Mor Weizer, Chief Executive Officer of Playtech, stated that first-half results surpassed expectations, underscoring the strength of the markets and the success of their investments.
