Playtech plc (PTEC) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Firstly, I want to thank everyone for attending today. It's very good to see you all. On to slide two. I'll begin with the highlights before handing over to Chris McGuinness, our CFO, who will take you through the financials and the outlook. I'll then update you on our progress against our strategic priorities. Turning now to slide three. I'm pleased to report a strong financial performance in 2023, delivering adjusted EBITDA of 432 million euros, up 9% here or near, and ahead of previously raised expectations. Our performance was driven by good growth within regulated markets in B2B and Snytech within B2C. The B2B performance was led by the Americas, with very strong growth from CaliPlay in Mexico, Significant progress was made in the U.S. in 2023 across multiple fronts as we focused on developing relationships, deploying capital, and building out infrastructure to ensure we take advantage of the great opportunity Playtech has in this region. For B2C, the Snytech team continues to execute on their strategy with healthy growth seen across both retail and online. The online segment continues to perform strongly, while the retail segment showed good resiliency with sports betting in particular, showing very strong growth at the start of the year. And this good financial performance was achieved while we continue to invest in those areas that we deem core to growth such as the US, Italy, Brazil, and Canada on a regional basis, live from a product perspective, and SaaS from a business model angle. Given the strong financial performance in 2023, we remain on track to deliver on our medium-term EBITDA targets across both B2B and the B2C divisions. I will now hand over to Chris, who will take you through the financial performance and outlook. Thanks, Mar. On slide five, ple...