Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Playtech (GB:PTEC)
LSE:PTEC
Holding GB:PTEC?
Track your performance easily
Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 21, 2019
|% Change Since: -2.50%
|Next Earnings Date:Aug 23, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance in H1 2024, driven by significant growth in the Americas and strategic developments like the sale of Snaitech and a revised agreement with Caliplay. However, challenges in the B2C segment, European markets, and the impact of the revised Caliplay agreement on 2025 were noted as concerns.Company Guidance
During the call, Playtech shared detailed financial guidance and strategic updates for H1 2024. The company reported a robust adjusted EBITDA of EUR243 million, marking an 11% increase, driven significantly by the B2B division's 38% EBITDA growth, particularly in the Americas. Group revenue rose by 5% to EUR907 million, while the B2B segment saw a 14% revenue increase. Despite a flat performance in B2C revenues, Playtech is confident about meeting its medium-term adjusted EBITDA target range of EUR200 million to EUR250 million by the end of 2024. The sale of Snaitech to Flutter for EUR2.3 billion is expected to enhance shareholder returns, with proceeds enabling debt reduction and future growth investments. Playtech's strategic focus is on markets like the US and Brazil, with significant progress noted in the US, where revenue has surged by 200% in H1, and Brazil, poised for growth under new regulations in 2025. The company anticipates a strong cash position post Snaitech sale, allowing for strategic M&A activities. Additionally, a revised agreement with Caliplay is projected to impact 2025 cash flows, but long-term growth is expected from this partnership. The company maintains a focus on cost efficiency, strategic market entry, and live casino expansion, all geared towards sustained growth and shareholder value creation.Strong Financial Performance in H1 2024
Adjusted EBITDA of EUR243 million, up 11%, with B2B division showing 38% growth. Group revenue increased by 5% to EUR907 million.
Significant Growth in the Americas
The Americas region saw a 37% growth in constant currency, driven by success in Mexico and Colombia, with US and Canada revenue up over 200%.
Snaitech Sale and Shareholder Returns
Definitive agreement to sell Snaitech to Flutter for EUR2.3 billion with EUR1.27 billion to EUR1.8 billion expected to be returned to shareholders.
Revised Strategic Agreement with Caliplay
Finalized terms for a new agreement with Caliplay, expecting additional fees of US$140 million over four years and 30.8% equity ownership in Cali Interactive.
Healthy Balance Sheet and Debt Reduction
Leverage reduced to 0.5 times, potentially further to 0.2 times, with plans to repay EUR350 million bond due in March 2026.
Growth in Live Casino and SaaS Segments
Live segment saw 17% growth in regulated markets, and SaaS revenues increased by more than 40% in H1 2024.
---
GB:PTEC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GB:PTEC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Sep 30, 2024 | 759.00p | 752.00p | -0.92% |
| Mar 27, 2024 | 472.00p | 470.80p | -0.25% |
| Sep 07, 2023 | 524.50p | 523.50p | -0.19% |
| Mar 23, 2023 | 549.00p | 540.00p | -1.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Playtech (GB:PTEC) report earnings?
Playtech (GB:PTEC) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Playtech (GB:PTEC) earnings time?
Playtech (GB:PTEC) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Playtech stock?
The P/E ratio of Playtech is N/A.
What is GB:PTEC EPS forecast?
Currently, no data Available
---