Playtech expects to report Adjusted EBITDA of at least €195 million for 2025 following a strong end to the year.
The company said in a trading update Thursday that it enjoyed strong trading in the second half of 2025, driven by better-than-expected performance in the United States and Mexico in the fourth quarter.
As a result, the company now expects Adjusted EBITDA for the year ended 31 December 2025 to be at least €195 million, significantly above the current analyst consensus of €177 million.
“I’m delighted with the strong performance we saw at the end of 2025,” said Playtech chief executive Mor Weizer. “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.”
The company acknowledged “ongoing sector headwinds”, including the scheduled gambling tax increases in the United Kingdom and other markets in 2026, but said the Q4 revenue trends seen in the Americas mean that it enters 2026 with good momentum.
Playtech reiterated its outlook for 2026 and its medium-term targets of €250-300 million of Adjusted EBITDA and €70-100 million of free cash flow.
Shares in Playtech plc. (LSE:PTEC) were trading 3.03 per cent higher at 289.00 pence per share in London Thursday morning.