Playtech PLC (LSE:PTEC), a provider of platforms, content, and services used by the online gambling industry, has reported a significant revenue and earnings boost last year and said it had made a strong start to 2023,
Revenues from continuing operations for the year ending December 31, 2022, reached €1.6bn, marking a 33% increase, while adjusted earnings rose 28% to €405.6mln.
Despite acknowledging "uncertainties" in the macroeconomic outlook due to geopolitical and inflationary pressures, Playtech has seen a strong start to 2023, primarily driven by the Snaitech operation.
It also announced a new medium-term adjusted EBITDA target for B2B business of €200mln-€250mln.