Playtech Revenues Drop 4% in First Half

Gaming software group Playtech filed a trading update for the first half of 2021, indicating that revenues dipped 4% to €457.4 million for the period.

Key financial indicators for the first half ending June 30th, 2021 were:

  • Revenues of €457.4 million, down 4% from last year
  • B2B gaming revenue up 19% to €267.2 million, largely attributed to growth in Mexico, Colombia, Poland, Greece, and Italy
  • UK revenues down 10% to €59.6 million
  • Americas revenue up 106% to €46.4 million
  • B2C gambling dropped 22% to €196.6 million
  • Snaitech revenues down 27% to €157.9 million
  • Operational costs of €333.3 million, down 9% from last year
  • EBITDA of €124.1 million, up 13%

Regarding the results Playtech CEO Mor Weizer said, "I am delighted by our strong strategic and operational progress to date in 2021, despite the ongoing challenges posed by the pandemic. These results demonstrate the quality of our technology and products, the significant progress made against our strategic priorities, and wider momentum across Playtech's operations.

"Looking forward, given the strong H1 performance, the momentum in the business and the easing of lockdown restrictions, we are confident of Playtech's prospects for the remainder of 2021 and beyond."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.

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