Playtech Turns To Profit In FY21; Says Confident Of FY22, Long Term - Quick Facts

Playtech Plc (PTEC), a gambling software development company, Thursday reported that its fiscal 2021 post-tax profit was 686.7 million euros, compared to last year's loss of 73.1 million euros.

Earnings per share were 220 euro cents, compared to loss of 24.5 euro cents last year.

Adjusted post-tax profit was 127.6 million euros, compared to 27.3 million euros a year ago. Adjusted earnings per share were 40.9 euro cents, compared to 8.8 euro cents a year ago.

Adjusted EBITDA grew 25 percent to 317.1 million euros.

Revenue improved 12 percent to 1.21 billion euros from prior year's 1.08 billion euros. Revenues grew 11 percent at constant currency rates, driven by B2B online, particularly Latin America, and Snaitech.

Looking ahead, the company said its excellent start to 2022 underpins the Board's confidence for 2022 and long-term prospects.

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