Playtech has reported revenue of €1.21bn ($1.33bn) for the year ended 31 December 2021, a 12% increase from the prior-year period.
Adjusted EBITDA amounted to €317.1m, up 25% from the year ended 31 December 2020, while Adjusted post-tax profit grew 366% year-on-year to €127.6m.
The group noted that it delivered a “strong financial performance, exceeding its previous guidance.” The performance was underpinned by Playtech’s B2B business, particularly in the Americas, and the “continued outperformance” from its Italian B2C business Snaitech.
“Our full-year results demonstrate the quality of Playtech’s technology and the momentum across the group,” said Playtech CEO Mor Weizer.
“Our strong performance is underpinned by our B2B business, in particular the tremendous growth we have seen in the Americas. Our US strategy has been executed with real success, thanks to new launches, licenses and partnerships. Latin America continues to be a strong region, supported by strategic deals across the continent.
“In B2C, the story is similar, with Snaitech continuing to outperform the market, achieving the position of the number one brand across sports betting and retail in Italy.”
Also, the group touched upon current trading as well and looked forward to the future. It noted its excellent start to 2022 and that both its online B2B- and B2C businesses are expected to deliver strong results.
“Given the strong FY performance and momentum within the business into 2022, the board is confident of Playtech’s future prospects,” Playtech noted.
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