Image source: © Asolano97 | Megapixl.com
Highlights
- Playtech provides platform, content, and services within the online gambling sector
- In FY23, PTEC’ s revenue jumped by 6.55% YoY and EBITDA increased by 12.20% YoY
- Albula Investment Fund Ltd has highest stake in PTEC with a shareholding of around 5.37%
Playtech PLC (LSE: PTEC) specializes in providing platform, content, and services within the online gambling segment. The company's focus lies in delivering gambling software, services, content, and platform technology driven by business intelligence.
In the financial year 2023 (FY23) ended 31 December 2023, the company witnessed a 6.55% YoY jump in revenue to EUR 1,706.70 million and 12.20% YoY increase in EBITDA to EUR 406.50 million.
In FY23, sales from the B2B segment grew by 8% YoY to EUR 684.1 million and B2C segment’s revenue jumped 5% YoY to EUR 1,037.0 million.

Top 10 shareholders of PTEC
The top 10 shareholders of PTEC have around 42.88% shareholding in the company. Albula Investment Fund Ltd has the maximum stake in the firm with a shareholding of approximately 5.37%.
Recent business update
On 27 March 2024, the company released its performance update for FY23. During the year, the company joined hands with Hard Rock Digital. Despite the impact of Caliplay, the balance sheet remained resilient, demonstrating a leverage ratio of 0.7x by FY23 end.
As of 27 March, three US Live Casino facilities are operational, and licenses have been secured in 11 US states.
Outlook
The company expects to see improvement in trading in 2024, backed by significant B2B growth in the regulated markets such as the Americas, alongside B2C sectors.
Over the medium term, adjusted EBITDA is expected to fall in the range of EUR 200 – EUR 250 million for the B2B segment and EUR 300 – 350 million for the B2C segment. The company remains committed to pursuing organic and inorganic growth opportunities.
Share performance of PTEC
PTEC shares closed 2.15% lower at GBX 451.50 apiece on 2 April 2024. In the past one year, PTEC’s share price has declined by 13.17% and in the past three months, it has increased by 1.37%.
The 52-week high of PTEC is GBX 640, recorded on 19 May 2023, while the 52-week low is GBX 365.400, recorded on 26 October 2023.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 03 April 2024. The reference data in this report has been partly sourced from EODHD/Others.






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