Playtech US revenues soar; gender equality strides made too

Article by : Charles Perrin Apr 2, 2024

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Playtech has made significant gains over the past 12 months after revealing their Fiscal Year 2023 results.

The European-based gaming software giant has a robust presence in the US and the growing revenues seem to underline this.

A glance at the figures showed that the company’s adjusted revenues climbed by 7%, while there was a 9% increase in adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization) compared to FY 2022.

However, the headline statistic was the staggering 74% uptick in business-to-business revenue in the US and Canada.

Over the past Fiscal Year, Playtech has sought to flex its financial muscle and has established deals with Hard Rock Digital and Rush Street Interactive.

Apart from solidifying existing partnerships, Playtech has also been busy expanding its footprint in the live casino sphere.

Towards the end of last year, Playtech opened its third state-of-the-art live-dealer studio in Pennsylvania marking a significant milestone for the company, as well as showing its unwavering commitment in attempting to provide an unmatched experience for their players.

Reflecting on the results, Playtech Board Chairman Brian Mattingley said: “I am pleased to be writing to you after another successful year for Playtech. 

“The Company has built on the strong strategic and operational progress of recent years and continues to cement its leadership across both B2B and B2C.

“While there were many challenges in 2023, the consistent quality of the core of our business meant that we were able to upgrade our expectations during the year and deliver a strong financial performance.”

Meanwhile, Playtech has also made significant strides to meet gender equality expectations.

Female representation among the leadership team grew from 26% in 2022 to 30% in 2023, and by next year, Playtech has set out a target of 35%.

Playtech has certainly enjoyed a productive 12 months, and its better-than-expected financial results should be viewed as cause for celebration.