Playtech Expects Adjusted EBITDA of at Least €90M for H1 2025

Playtech has issued a trading update for the first half of 2025, projecting an adjusted EBITDA of at least €90 million ($102.7 million) for the six months ending June 30, 2025. The forecast signals a decline from last year’s figure of €243 million, but it reflects significant changes within the company, particularly its shift towards a B2B-focused model following the sale of key consumer-facing assets.

Strong B2B Momentum and Contributions from Caliente Interactive

Despite the expected drop in EBITDA, Playtech reported strong growth in its core B2B operations, which helped to offset the losses from divested assets. A major contributor to this performance was Caliente Interactive, a company in which Playtech holds a 30.8% stake. The partnership benefited from favorable sports betting results in Q2 2025, with Caliente issuing its first dividend payment to Playtech under a revised strategic agreement. This milestone follows a restructuring of the joint venture, which was finalized on March 31, 2025, after resolving a longstanding dispute between the two companies.

Strategic Shift to Pure-Play B2B Model

Playtech’s reduced EBITDA forecast aligns with its ongoing transformation into a pure-play B2B company. This strategic shift gained momentum with the €2.3 billion sale of Snaitech to Flutter Entertainment in April 2025. The sale of Snaitech, Playtech’s largest B2C asset, marks a pivotal moment in simplifying the company’s operations. Playtech’s exit from the B2C market continued with the sale of HappyBet to NetX Betting in May, completing the company’s transition into a B2B model.

This shift is expected to provide room for technological innovation and stronger relationships with Playtech’s existing customers, ultimately supporting future revenue growth.

Caliente’s Positive Contribution

The improved performance from Caliente Interactive had a meaningful impact on Playtech’s H1 2025 results. The partnership, which Playtech now sees as more strategically aligned after the restructuring, has been pivotal in improving the company’s outlook. In addition to the dividend payment, Playtech received $140 million in unpaid fees as part of the agreement’s resolution and retains the option to increase its equity stake in Caliente under specific conditions.

Global Expansion Plans Amid Latin American Challenges

Looking toward the second half of 2025, Playtech remains committed to its international expansion, particularly in the United States and Brazil. The company has been expanding its regulated market presence, including a June launch in West Virginia, marking Playtech’s fourth regulated iGaming state in the U.S. Playtech’s B2B agreements with major operators such as BetMGM, DraftKings, and Hard Rock Digital have further strengthened its position in North America.

However, Latin America presents challenges, particularly with Brazil’s transition to a regulated betting market and Colombia’s temporary VAT levy. Despite these hurdles, Playtech remains confident in its long-term strategy, noting the exciting growth opportunities ahead. The company’s board reaffirmed its belief in Playtech’s ability to execute its B2B-focused strategy amid these challenges.

H1 2025 Interim Results and Presentation

Playtech will announce its official H1 2025 results on September 11, 2025, followed by an in-person presentation at Chartered Accountants Hall in London. The presentation, hosted by CEO Mor Weizer and CFO Chris McGinnis, will be available to shareholders and analysts both in-person and via webcast.

Source:

Playtech Forecasts €90M H1 2025 EBITDA Amid Strategic Refocus, news.worldcasinodirectory.com, August 1, 2025.