Playtech reported first-half 2026 revenue of €425.1 million, up 10% from €387 million a year earlier, as strong growth across the Americas and contributions from its investment portfolio drove a sharp increase in profitability.
Adjusted EBITDA increased 77% to €162.5 million from €91.6 million. Reported EBITDA increased to €86.8 million from €12.9 million.
Adjusted post-tax profit increased 472% to €95 million from €16.6 million, while adjusted diluted EPS increased more than sixfold to 33.1 cents from 5.4 cents.
Reported post-tax profit from continuing operations reached €98.1 million compared with a €78.1 million loss a year earlier.
Playtech’s B2B revenue increased 14% to €394.8 million and 17% on an underlying basis.
Adjusted B2B EBITDA increased 75% to €128.1 million, while adjusted EBITDA margin expanded to 32% from 21%, reflecting revenue growth and operating leverage.
The U.S. and Canada were major growth drivers, with revenue increasing 161% year-over-year.
Playtech attributed much of that performance to Games powered by Past Motor Racing with Hard Rock Bet in Florida, while the company also expanded its U.S. regulated iGaming footprint through launches involving Fanatics, FanDuel and Bet365.
Latin American revenue increased 29% on an underlying basis, supported by Mexico and Colombia and customer acquisition activity during the 2026 FIFA World Cup.
SaaS revenue increased 20% and now represents 17% of B2B revenue. Playtech’s safer gambling platform, Playtech Protect, expanded to 41 brands across 16 jurisdictions.
The company’s investment portfolio also contributed significantly.
Adjusted investment income increased to €34.2 million from €19.8 million, driven primarily by Playtech’s 30.8% interest in Caliente Interactive.
Playtech received €35.8 million of net dividends from Caliente Interactive and €4.4 million from Hard Rock Digital. The fair value of its Hard Rock Digital equity investment increased to €246.7 million from €178.8 million at the end of 2025.
Playtech generated €101 million of free cash flow during the first half and ended June with net cash of €39.2 million.
The company repurchased approximately 1.8% of its issued share capital for around €25 million during the period. Since September 2025, Playtech has repurchased approximately 10% of its issued shares for around €100 million.
Playtech also continued incorporating artificial intelligence into its product portfolio.
In July, the company launched an AI-powered Live “Virtual Host” that provides real-time commentary to players and can be customized for individual markets and brands.
Management expects second-half adjusted EBITDA to be below the first half as Hard Rock Digital-related revenue normalizes, investment continues in a major Brazil partnership and the company absorbs a full half-year impact from increased UK remote gaming duty.
Despite those factors, Playtech remains on track to deliver more than €270 million of adjusted EBITDA for fiscal 2026 and expects to reach the upper end of its medium-term adjusted EBITDA target of €250 million to €300 million earlier than initially anticipated.
KEY QUOTES:
“Playtech has delivered a first half significantly ahead of our expectations at the start of the year, demonstrating the strength of our technology, the quality of our customer partnerships and the disciplined execution of our strategy. We saw continued momentum in regulated markets, particularly in the Americas. The US delivered an outstanding performance, driven by our partnership with Hard Rock Digital, while we also saw another excellent period of growth in Latin America through our revised agreement with Caliente Interactive and we continued to scale our market-leading Live offering.”
“Looking ahead, we are focused on extending our presence in regulated and regulating markets, deepening our customer relationships and continuing to invest in our products and technology offering including further leveraging the benefits of artificial intelligence. We see substantial opportunities for further growth and remain confident in the long-term potential of the business.”
“Our balance sheet remains strong, and we are well-positioned to invest as required and also return capital to shareholders. We remain confident in achieving our ambitious medium-term targets and see exciting opportunities for the Group across our markets.”
Mor Weizer, Chief Executive Officer of Playtech
