Playtech plc (PTEC.L) reported that its loss attributable to the owners of the company for the year ended 31 December 2024 was 23.9 million euros compared to net income 105.1 million euros in the previous year. On a per share basis, net loss was 7.8 euro cents compared to net income of 34.7 euro cents in the prior year.
Adjusted net income per share was 71.7 euro cents compared to 50.2 euro cents last year.
Loss before taxation from continuing operations was 9.4 million euros compared to profit before tax of 70.4 million euros in the prior year. This was primarily hurt by a reduction in reported EBITDA to 127.7 million euros from 152.0 million euros, an increase in the impairment of intangible assets to 119.7 million euros from 89.8 million euros, and a decline in the unrealised fair value gain of derivative financial assets to 61.5 million euros from 153.4 million euros. These impacts were partially offset by an increase in the unrealised fair value gain of equity investments to 51.1 million euros compared to a loss of 6.6 million euros in the prior year, as well as an increase in finance income.
Adjusted profit before tax grew by 87% to 99.5 million euros from last year's 53.1 million euros, driven mainly by an increase in Adjusted EBITDA and finance income.
Revenue from continuing operations for the year grew to 848.0 million euros from 771.9 million euros last year.
Trading in 2025 has started positively, supported by strong underlying growth trends in the B2B segment. A new medium-term Adjusted EBITDA outlook for continuing operations has been set at 250 million euros to 300 million euros, reflecting the updated terms of the Caliplay agreement. A new medium-term Free Cash Flow outlook for continuing operations has been established at 70 million euros to 100 million euros.
In September 2024, Playtech announced the sale of Snaitech to Flutter for a total enterprise value of 2.300 billion euros. This milestone highlights the significant transformation of the business since Playtech's acquisition of Snaitech in 2018. The transaction is set to deliver substantial value to shareholders, with an anticipated special dividend payout of 1.700 billion euros to 1.800 billion euros.
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