Playtech plc (PTEC) Q4 2023 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.474 Firstly, I want to thank everyone for attending today. 00:00:02.474 -- 00:00:06.299 It's very good to see you all. 00:00:06.299 -- 00:00:08.501 On to slide two. 00:00:08.501 -- 00:00:13.227 I'll begin with the highlights before handing over to Chris McGuinness, our CFO, who 00:00:13.227 -- 00:00:16.871 will take you through the financials and the outlook. 00:00:16.871 -- 00:00:22.256 I'll then update you on our progress against our strategic priorities. 00:00:22.318 -- 00:00:25.124 Turning now to slide three. 00:00:25.124 -- 00:00:29.430 I'm pleased to report a strong financial performance in 2023, 00:00:29.430 -- 00:00:34.496 delivering adjusted EBITDA of 432 million euros, up 9% 00:00:34.496 -- 00:00:39.961 here or near, and ahead of previously raised expectations. 00:00:40.284 -- 00:00:45.410 Our performance was driven by good growth within regulated markets in B2B and 00:00:45.410 -- 00:00:48.552 Snytech within B2C. 00:00:48.655 -- 00:00:53.741 The B2B performance was led by the Americas, with very strong growth from 00:00:53.741 -- 00:00:56.174 CaliPlay in Mexico, 00:00:56.174 -- 00:01:00.339 Significant progress was made in the U.S. in 2023 00:01:00.339 -- 00:01:05.485 across multiple fronts as we focused on developing relationships, deploying 00:01:05.485 -- 00:01:10.631 capital, and building out infrastructure to ensure we take advantage 00:01:10.631 -- 00:01:14.956 of the great opportunity Playtech has in this region. 00:01:14.956 -- 00:01:20.342 For B2C, the Snytech team continues to execute on their strategy 00:01:20.342 -- 00:01:25.317 with healthy growth seen across both retail and online. 00:01:25.317 -- 00:01:30.627 The online segment continues to perform strongly, while the retail segment showed good 00:01:30.627 --...