Playtech Sees 10% Revenue Drop in Fiscal 2025

(AsiaGameHub) –   Playtech’s FY2025 results indicate that managing the restructuring and the sale of Snaitech proved challenging, leading to decreases in both revenue and earnings.

Compared to FY2024, Total Group Revenue for FY2025 fell by $763.6 million (10%). Adjusted EBITDA decreased by $197 million (9%), which was slightly above initial forecasts thanks to better-than-anticipated operational performance in the US.

Playtech also saw a decline in profitable operations, with post-tax profit from continuing operations dropping 28% to $44.2 million. The company reported a net loss attributable to operations of €169.5 million for the full year. However, total profit for the year reached €120.7 million when discontinued operations were included. The notable year-over-year difference in total profit stemmed from the absence of one-off gains that had been recorded in the previous fiscal year.

Revenue from Playtech’s core B2B division fell by 9% to €688.3 million, and EBITDA fell by 36% to €141.4 million. These decreases were mainly driven by modifications to the Caliente agreement, which shifted earnings from revenue to investment income. If these changes are excluded, B2B revenue from regulated markets actually increased by 6%, accounting for more than 80% of total B2B revenue.

After finalizing the €2.3 billion sale of Snaitech, Playtech’s financial standing has strengthened considerably, moving from a net debt position to a net cash position of €28.5 million. Alongside bolstering its finances, the company returned approximately €1.8 billion to shareholders via special dividends and share buybacks. The Snaitech deal has also realigned Playtech’s strategy to focus more on B2B and lower its overall exposure.