Playtech (PTEC) Trading Update summary

Trading performance and outlook

• Adjusted EBITDA for FY 2024 is expected to be slightly above consensus, driven by strong B2B results.

• Trading trends from earlier in the year have continued, supporting positive momentum.

B2B division highlights

• Revenue growth in the Americas and tighter cost control contributed to B2B strength.

• Strategic progress in the US and Canada led to very strong growth from a small base.

• Updated agreement with Caliplay confirmed continued strong performance in H1 2024.

B2C division and Snaitech

• Snaitech saw underlying growth in wagers despite tough comparatives and adverse sporting results in Italy.

• Ongoing discussions with Flutter regarding a potential sale of Snaitech, with no certainty of completion.