Playtech (PTEC) Trading Update summary

Trading performance

• Achieved solid trading in the first four months of 2025, meeting expectations.

• Strong growth in software fees from Caliplay, with new dividend entitlements as a 30.8% equity holder.

• US market delivered very strong revenue growth, especially in Live, Casino, and Platform segments.

• SaaS business showed robust revenue growth across multiple operators and geographies.

• Initial regulatory headwinds in Latam, notably Brazil and Colombia, but long-term outlook remains positive.

Strategic and corporate developments

• Transitioning to a predominantly pure-play B2B business model.

• Completed €2.3 billion sale of Snaitech to Flutter Entertainment; €1.8 billion to be returned to shareholders as a special dividend.

• Progressing with the sale of the German HAPPYBET business.

Financial position and balance sheet

• Redeeming €150 million of senior secured notes early, strengthening the balance sheet.

• Sale proceeds from Snaitech to significantly enhance financial flexibility.