Playtech raises 2026 adjusted EBITDA guidance above €300m
Deals & M&A2 min read
Playtech raised its full-year 2026 adjusted EBITDA guidance to more than €300m in a trading update covering 1 July to 30 September, citing performance across the Americas. The company said Brazilian regulatory developments could affect earnings for three months in 2026, while a continuing market shutdown and higher UK Remote Gaming Duty costs could weigh on 2027.
Playtech has lifted its full-year adjusted EBITDA guidance above €300m, attributing the increase to strong performance across the Americas. In a trading update for 1 July to 30 September, the company said earnings were now likely to exceed its earlier forecast range.
Following year-on-year increases in revenue and earnings in the first half, Playtech had set an adjusted EBITDA guidance range of €250m to €300m. Its initial forecast for the year ending 31 December 2026 was €270m. Playtech said it would exceed analyst estimates of €271m to €285m and a consensus of €279m.
Playtech said its past motor racing product continued to generate strong revenue after it was first to market with Hard Rock Digital. The company said competing suppliers had entered the market and would have a greater effect on its market share in 2027.
Chief executive Mor Weizer said the US partnership with Hard Rock Digital had contributed to profitability and cash flow. Weizer said Mexico and Colombia had benefited after the men’s FIFA World Cup.
Brazilian regulatory developments are expected to affect adjusted EBITDA for three months in 2026, Playtech said. The company can absorb that effect, though a prolonged market shutdown could have greater consequences in 2027. An increase in UK Remote Gaming Duty is also raising its costs, with the full-year effect due in 2027. Taxation has also increased in other European markets.
Analysts expect Playtech to report adjusted EBITDA of around €266m for 2027, the company said. It did not issue its own guidance for the coming year. Weizer identified developments that he said would have both positive and negative effects on the business.
Playtech’s share price rose more than 4% at the time of writing. Investment bank Peel Hunt reiterated its Buy recommendation and 690p target price for the stock.