Business
Final Results
Final Results.
About this update from Playtech Plc
[{"type":"text","content":"\n\nPlaytech plc\n \n(\"Playtech\", the \"Company\" or the \"Group\")\n \nResults for the year ended 31 December 2024\n \nB2B hits medium-term target ahead of schedule; Snaitech disposal on track to complete in Q2 25\n \nPlaytech (LSE: PTEC), the leading platform, content and services provider to the gambling industry, today announces its final results for the year ended 31 December 2024.\nFinancial summary (continuing and discontinued operations)1 \n \n*Snaitech now classified as discontinued operations*\n \n\n\n\n\n \n\n\nReported\n\n\nAdjusted2\n\n\n\n\n \n\n\nFY 24\n\n\nFY 23\n\n\n \n\n\nFY 24\n\n\nFY 23\n\n\n \n\n\n\n\n \n\n\n€'m\n\n\n€'m\n\n\nChange %\n\n\n€'m\n\n\n€'m\n\n\nChange %\n\n\n\n\nRevenue\n\n\n 1,791.5\n\n\n1,706.7\n\n\n5%\n\n\n 1,791.5\n\n\n 1,706.7\n\n\n5%\n\n\n\n\nEBITDA\n\n\n 358.8\n\n\n 406.5\n\n\n-12%\n\n\n 480.4\n\n\n 432.3\n\n\n11%\n\n\n\n\nPost-tax profit3\n\n\n (23.9)\n\n\n 105.1\n\n\nn/a\n\n\n 223.5\n\n\n 156.8\n\n\n42%\n\n\n\n\nDiluted EPS\n\n\n (7.8)\n\n\n 34.7\n\n\nn/a\n\n\n 71.7\n\n\n 50.2\n\n\n43%\n\n\n\n\nNet debt4\n\n\n 142.8\n\n\n 282.8\n\n\n-49%\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nFinancial summary (continuing operations)1 \n \n\n\n\n\n \n\n\nReported\n\n\nAdjusted2\n\n\n\n\n \n\n\nFY 24\n\n\nFY 23\n\n\n \n\n\nFY 24\n\n\nFY 23\n\n\n \n\n\n\n\n \n\n\n€'m\n\n\n€'m\n\n\nChange %\n\n\n€'m\n\n\n€'m\n\n\nChange %\n\n\n\n\nRevenue\n\n\n 848.0\n\n\n 771.9\n\n\n10%\n\n\n 848.0\n\n\n 771.9\n\n\n10%\n\n\n\n\nEBITDA\n\n\n 127.7\n\n\n 152.0\n\n\n-16%\n\n\n 214.7\n\n\n 176.2\n\n\n22%\n\n\n\n\nPost-tax profit3\n\n\n (136.2)\n\n\n (12.1)\n\n\nn/a\n\n\n 58.8\n\n\n 14.2\n\n\n314%\n\n\n\n\nDiluted EPS\n\n\n (44.6)\n\n\n (3.9)\n\n\nn/a\n\n\n 18.8\n\n\n 4.6\n\n\n309%\n\n\n\n\n \n \nSummary\n \n· Excellent Group performance (continuing and discontinued operations) with FY 2024 Adjusted EBITDA up 11% to €480.4 million (FY 2023: €432.3 million), slightly ahead of previously raised expectations.\n· Performance driven by strong momentum in B2B and good operating leverage:\n- Adjusted EB...