Playtech, the platform, content and services provider to the gambling industry, has announced its final results for the year ended December 31, 2023.
There was strong overall performance with FY 2023 adjusted EBITDA up nine per cent to €432.3m (2022: €395.4m), ahead of previously raised expectations.
There was solid performances across both B2B and B2C and a landmark strategic partnership signed with Hard Rock Digital. Three US live casino facilities are now operational and the company is licensed in 11 US states.
CEO Mor Weizer said: “Playtech performed very strongly over the year and as well as delivering excellent financial results, the group made important strategic and operational progress, including our expansion across the US.
"Our B2C division delivered revenues exceeding €1bin for the first time, and Snaitech remains well positioned to benefit from the under- penetration of the online segment, given the strength of the brand, the continuous improvements to apps and technology and a broadening of its content offering.
“Underpinning this performance are our 7,700 talented colleagues around the world. Despite the significant disruption from geopolitical conflict during the year, they have continued to deliver for our customers and we are truly grateful to them all.
“With regards to outlook, we are well set to achieve our medium-term targets for both B2B and B2C divisions and have a high-quality balance sheet giving us the flexibility to pursue both organic and inorganic growth opportunities.
“In summary, we remain very confident in our ability to execute our strategy and to continue delivering value for our shareholders.”
