Playtech is the leading provider of online gaming software. In a recent trading update, they revealed details about their performance from January 1, 2023 to April 30, 2023 . In its latest trading update, Playtech acknowledged that it had seen significant growth in its two major operating segments – business-to customer (B2C), and business-to business (B2B) – for the first quarter of the year.
Playtech stated that, in light of its results, it expects that adjusted EBITDA in 2023 will be “slightly above current consensus expectations.” They explained that these results are a continuation of the positive momentum that was gained in 2022. Playtech’s Board also confirmed that they are confident in the company’s ability to continue growing its B2C divisions and B2B business.
The company also acknowledged that it will be making strategic changes to its board. Playtech has confirmed Ruby Yam as an independent nonexecutive member of its Board. The company stated that this appointment is effective from June 1, 2020.
” It is my pleasure to announce that the growth in our B2B and C2C divisions has continued.
Mor Weizer is the CEO of Playtech
Mor weizer, Playtech CEO, expressed his excitement over recent results. He talked about the company’s growth in both the B2C- and B2B-segments. Weizer concluded by saying: “Our focus on regulated or soon to be regulated markets combined with Snaitech’s impressive performance in Italy means that we remain well-positioned for further progress and capitalizing on the significant opportunities ahead.”
The company’s B2C and business to business divisions are growing strongly
Playtech’s B2C business performed extremely well, according to a recent trading update. Snaitech was credited with driving the growth, but an increase in demand and football sporting events after the World Cup also contributed to the positive results. Playtech reported that both the retail and B2C online verticals had stellar performance for the first four month of this year.
The B2B sector also had a good start to the new year. Playtech stated in its trading update that the growth of the B2B segment was “driven primarily by regulated markets”. Additional details provided by the company highlighted the growth of Caliente and its B2B in Latin America.
also showed growth in the United States. This is an important market for North America. Playtech has accelerated its US Growth Strategy via a deal made with Hard Rock Digital earlier this year. The company is likely to continue growing in strategic markets, and expanding its global footprint.
