Playtech PLC (PTEC) Q2 2026 Earnings Call

Investor webinar replay

Meeting Overview The meeting provided an overview of Playtech's interim results for H1 2026, highlighting significant financial performance improvements and strategic transformations. Key metrics included a 77% increase in adjusted EBITDA and a strong cash flow position, driven by growth in the regulated B2B sector, particularly in the Americas. Key Discussion Points - Overview of H1 2026 financial performance, including a 77% increase in adjusted EBITDA to €163 million. - Strong free cash flow of €101 million, marking a significant improvement from previous periods. - Growth in regulated B2B business with a 21% increase in underlying revenue. - Notable performance in the US and Canada, with a revenue increase of 176%. - Discussion of cost efficiency measures leading to a 3% decline in B2B costs. - Strategic focus on organic investments in high-growth geographies, particularly in the Americas. - Overview of capital allocation policy, emphasizing growth, flexibility for uncertainties...

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[Speaker identities could not be resolved; generic labels used] [00:00] Speaker 1: Good morning everyone, [00:01] Speaker 1: and thank you for joining us for our 2026 [00:05] Speaker 1: interim results. [00:07] Speaker 1: As always, [00:08] Speaker 1: I will begin with a brief overview [00:11] Speaker 1: before handing over to Chris, who will take you through the financials and the outlook. [00:17] Speaker 1: I will then update you on our progress against our strategic priorities. [00:23] Speaker 1: H1 2026 [00:24] Speaker 1: has been a landmark period for Playtech. [00:28] Speaker 1: The strategic transformation of our business has delivered an inflection point, both in terms of profitability [00:35] Speaker 1: and cash generation. [00:37] Speaker 1: These results [00:39] Speaker 1: reflect the culmination of many years of hard work and disciplined execution [00:44] Speaker 1: across the group. [00:46] Speaker 1: Adjusted EBITDA increased 77% [00:49] Speaker 1: year-on-year [00:50] Speaker 1: to 163 [00:52] Speaker 1: million euros [00:53] Speaker 1: and free cash flow reached 101 [00:56] Speaker 1: million euros. [00:59] Speaker 1: This was underpinned by continued momentum across our regulated B2B business, [01:04] Speaker 1: where underlying revenue grew [01:06] Speaker 1: 21% [01:08] Speaker 1: alongside a strong contribution from our strategic investments. [01:13] Speaker 1: Importantly, [01:14] Speaker 1: this growth [01:15] Speaker 1: translated [01:16] Speaker 1: into meaningful operating leverage [01:19] Speaker 1: with adjusted EBITDA margin [01:21] Speaker 1: from operations [01:22] Speaker 1: increasing materially. [01:25] Speaker 1: The US and Canada remained a key engine of growth in the 0.5 with revenue increasing by [01:32] Speaker 1: 176% [01:34] Sp...