Playtech Revenues Jump 73% in First Half

Gaming software group Playtech has published its first half financial results, noting that revenue for the period was up 73% to €792.3 million.

Key financial indicators for the first half ending June 30th, 2022 were:

  • Revenue of €792.3 million, up 73% from 2021
  • Adjusted earnings before EBITDA up 64% to €203.8 million
  • Adjusted pre-tax profit up 73% to €94.3 million
  • Post-tax profit of €71.4 million, down from €401.9 million in 2021
  • Snaitech revenue was up 182% to €446 million
  • Online revenues down 5% to €117.5 million
  • Retail and gaming machine revenues of €312.7 million, up from €23.4 million in 2021

Regarding the results Playtech CEO Mor Weizer said, "I am delighted with the positive start that the group has made in the first half of 2022, delivering a financial performance ahead of our expectations with significant strategic and operational progress made against our objectives.

"Our success in the period was powered by our B2B business in the Americas and Europe, alongside yet another excellent contribution from Snaitech. We continue to make great strides in executing our US strategy, launching with Parx Casino in Pennsylvania, signing several exciting deals with leading global and US brands and progressing additional licence applications. The Americas remain one of the group's biggest growth drivers, with continued strong revenue growth in Mexico as well as Brazil complemented by new launches and partnerships in the US, Canada and Peru."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.

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