Playtech shares boosted as gaming tech firm performs ahead of expectations
Proactive
Thu, 9 July 2026 at 5:09 am GMT-4
1 min read
- PTEC.L
+14.12% - PTEC
-0.28%
Playtech PLC (LSE:PTEC) shares rose 16% on Thursday after the gaming tech firm told investors that first-half trading beat market expectations as rapid growth in the Americas pushed adjusted earnings sharply higher
The gambling technology group expects adjusted EBITDA of more than €155 million for the six months to 30 June 2026, driven by strong performance in the US and continued momentum in Mexico, Colombia and parts of Europe
For the full year, Playtech now expects adjusted EBITDA of at least €270 million, comfortably ahead of the €219 million mean analyst consensus cited by the company before the update
Management flagged that second-half earnings are expected to be lower than H1. Playtech said it had benefited materially from being first to market with Hard Rock Digital on an innovative Past Motor Racing product, but revenue from the operator is expected to settle at a lower, more sustainable level in H2 and into 2027
The group also pointed to investment in a significant Brazil partnership, ahead of an expected signing and launch, and the full H2 impact of higher UK Remote Gaming Duty, which took effect in April 2026
Chief executive Mor Weizer said Playtech’s US performance, driven by Hard Rock Digital, had been “exceptionally strong”, adding that the group was seeing returns from investments made over recent years
Playtech will report interim results for the six months to 30 June on 10 September 2026
In London, Playtech shares were up 51.4p or 16%, changing hands at 371.6p
