Playtech reports 12 increase in full-year 2021 revenue

Playtech has reported revenue of €1

Playtech has reported revenue of €1.21bn ($1.33bn) for the year ended 31 December 2021, a 12% step-up from the prior-year period.

Adjusted EBITDA amounted to €317.1m, upwards 25% from the year ended 31 December 2020, piece Adjusted post-tax gain grew 366% year-on-year to €127.6m.

The group noted that it delivered a “strong financial performance, surpassing its previous guidance.” The carrying out was underpinned past Playtech’s B2B business, in particular in the Americas, and the “continued outperformance” from its Italian B2C byplay Snaitech.

“Our full-year results march the character of Playtech's engineering and the momentum crosswise the group,” said Playtech CEO Mor Weizer.

“Our strong public presentation is underpinned past our B2B business, in specific the tremendous maturation we have seen in the Americas. We hold made tangible come along in the death penalty of our US strategy, supported past new licences, young launches and unexampled partnerships, and we proceed to turn from strength to strength inward Latin America, buoyed by unexampled strategic agreements crossways the region.

“In B2C, the story is similar, with Snaitech continuing to outperform the market, achieving the office of the number ane brandmark across sports betting and retail inwards Italy.”

The radical also touched on electric current trading and looked to the future, noting that it has enjoyed an splendid start up to 2022, with its B2B and B2C online businesses expected to preserve delivering warm performances.

“Given the warm FY carrying out and momentum within the business sector into 2022, the table is sure-footed of Playtech's futurity prospects,” Playtech noted.

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