Playtech lifts full-year forecast but warns of “sector headwinds”
The gambling software provider has updated its forecast amid strong results in North America.
UK.- The London-listed gambling software provider Playtech has lifted its full-year forecast, predicting adjusted EBITDA of no less than €195m. That’s on the back of strong momentum in both the US and Mexico in the final quarter of the year.
The update comes after a turbulent period for the Isle of Man-based group, which has undergone a major restructuring and allegations that it had secretly orchestrated a smear campaign against Evolution. Playtech has acknowledged hiring an “independent business intelligence firm,” widely believed to be Israel-based Black Cube, to investigate Evolution.
The company sold its German B2C brand HappyBet to NetX Betting, a subsidiary of Pferdewetten AG, in May 2025, a move expected to contribute around €7m to turnover for the year. It also offloaded its Italian business Snaitech to Flutter in April 2025.
Playtech clarified to the London Stock Exchange that its adjusted EBITDA figure incorporates HappyBet’s operating loss and income from associates but excludes Snaitech’s contribution during the period it remained under Playtech ownership.
The company sounded an optimistic note but mentioned what it described as “sector headwinds”, presumably a reference to rising gambling taxes in several jurisdictions in western Europe and elsewhere. Netherlands. The company expects adjusted EBITDA in 2026 to fall between €250m and €300m.
CEO Mor Weizer commented: “I’m delighted with the strong performance we saw at the end of 2025. We have been steadily investing across our business in the Americas for a number of years, and I’m particularly pleased with our recent progress in the US, as the benefits of our hard work start to accelerate and flow through to profitability.
“We continue to invest selectively into the US and elsewhere in the Americas, where we see additional growth opportunities. While we remain mindful of wider sector headwinds, I am excited by the momentum we are building and the significant growth opportunity ahead.”
Shares edged up by over 2 per cent today but remain down by 33 per cent from where they were six months ago.
