Playtech Reports Strong FY 2024 Results with Key Growth in B2B and New Strategic Moves
Published: March 27, 2025 | Author: Ron Clarke
At Casin.com, we are always striving to bring our readers interesting news from the global online gaming market, and Playtech’s latest financial results are certainly one to pay attention to.
Playtech, one of the leading players in the global gaming technology space, has revealed its financial results for FY 2024, showcasing strong growth driven by the company’s B2B segment and some significant strategic changes. Here’s a breakdown of what’s most relevant to the gaming world.
B2B Growth Continues to Drive Performance
Playtech’s business-to-business (B2B) operations have shown impressive results, contributing significantly to the company’s overall financial performance. The company reported a 10% year-on-year increase in B2B revenue, which reached €754.3 million in FY 2024. This performance was particularly strong in regulated markets, especially in Latin America and North America.
In particular, the US and Canada markets saw an incredible 126% revenue growth, largely due to Playtech’s expanded footprint in the region. This is a noteworthy shift, as the US market continues to be one of the fastest-growing in the global gambling industry. Playtech is also capitalizing on the regulated online gaming market in Brazil, which was officially regulated in January 2025. The company is preparing for this opportunity by setting up new live studios in São Paulo and expanding its content tailored for Brazilian audiences.
Live Casino and SaaS Expansions
Another area of strong growth for Playtech is its Live Casino operations. The company has been expanding its live dealer offerings, with the number of live tables growing by 29%, reaching over 450 tables globally, with Live Casino revenues growing by 24% in FY 2024.
Playtech’s Software-as-a-Service (SaaS) business is becoming a major contributor. The company reported a 59% growth in SaaS revenue, hitting €80 million. This model allows Playtech to scale its offerings across multiple markets efficiently, with a high contribution margin, making it a key focus area for future growth.
Snaitech Sale and Strategic Focus on B2B
A major move for Playtech is its decision to transition into a more B2B-focused business. The company is set to complete the sale of its Snaitech operations to Flutter for €2.3 billion by Q2 2025. This move will streamline Playtech’s focus on providing technology solutions to operators rather than directly engaging in B2C operations. The sale will also result in a special dividend for shareholders, with an estimated payout of €1.7 to €1.8 billion. The sale and subsequent shift will likely allow Playtech to focus more on its core tech and platform services.
Strong Financial Performance Across the Board
Playtech’s overall financial results reflect the success of its new strategic direction. The company reported a 5% revenue growth for FY 2024, with total revenue reaching €1.79 billion. Adjusted EBITDA, a key profitability measure, increased by 11%, hitting €480 million. This was slightly ahead of expectations, underpinned by high operating leverage and strong growth in B2B.
Free Cash Flow (FCF) also showed robust growth, up 16% year-on-year, reaching €294.1 million. Playtech’s ability to generate strong cash flow while reducing its net debt by 49% to €142.8 million demonstrates solid financial health and flexibility for future growth.
What’s Next for Playtech?
Looking ahead, Playtech has set new medium-term targets, aiming for an Adjusted EBITDA of €250 million to €300 million and Free Cash Flow of €70 million to €100 million. The company is focusing on expanding its footprint in both mature regulated markets (like the US, UK, and Europe) and fast-growing markets (including Latin America and Brazil). Additionally, Playtech is investing heavily in AI to improve operational efficiency and ensure it stays ahead of market demands.
With these positive results and strategic shifts, Playtech is well-positioned to continue its growth in 2025 and beyond, especially in the burgeoning regulated markets in the Americas and Brazil. Stay tuned for more updates and insights from the ever-evolving world of online gaming.
