Playtech expects to report adjusted EBITDA of at least €90 million for the first half of 2025, with favourable sporting outcomes boosting results from its Caliente Interactive joint venture.
In a trading update Friday, the company said it had delivered a strong performance since its last trading update in May, underpinned by “good momentum” across its B2B business and a better-than-expected contribution from income from associates.
The latter was primarily due to Caliente Interactive benefitting from favourable sporting results in the second quarter.
Caliente Interactive has declared and paid its first dividend under its revised strategic agreement with Playtech, which came into effect on 31 March. Playtech is entitled to receive dividends as a 30.8 per cent equity holder, although the company is no longer entitled to receive additional B2B services fees after that date.
“The company continues to anticipate increased investment for growth in the US and Brazil in the second half of 2025, and we remain mindful of the headwinds in Brazil and Colombia flagged in May’s trading statement,” said Playtech. “Given the exciting growth opportunities ahead, the Board remains very confident in Playtech’s ability to execute on its strategy as a predominantly pure-play B2B business.”
Playtech confirmed that it now expects adjusted EBITDA for the first half of 2025 to be at least €90 million.
In the same period last year, B2B adjusted EBITDA increased by 38 per cent year-on-year to €112.3 million
The company will release its results for the first half of 2025 on 11 September.
Shares in Playtech plc (LSE:PTEC) were trading 2.37 per cent higher on the news at 407.42 pence per share in London Friday morning.