The London-listed gaming and betting group, Playtech updated its stakeholders on its full year results for 2021, showing results that were above initial predictions.
Playtech said that its revenue increased from €1,078.5 million to €1,205.4 million – a growth of 12%. According to the group, substantial growth in its B2B and B2C units were partially responsible for this revenue increase.
Other key points from the Playtech report:
- Adjusted EBITDA grew 25% to €317.1 million (compared to €253.6 million in 2020).
- B2B revenue rose by 11% to €554.3 million in 2021 (compared to 2020’s €494.8 million).
- B2C revenue increased 10% from €596.3 million in 2020 to €663.7 million in 2021.
- North and South America were the key contributors to the growth in Playtech’s B2B segment, which increased 64% year-on-year.
- Playtech opened four new Live Casino facilities in Europe and the United States.
What Playtech Says
The CEO of Playtech, Mor Weizer commented on the full year 2021 results, saying that they demonstrate the quality of the group’s technology and the momentum across the group.
“Our strong performance is underpinned by our B2B business, in particular the tremendous growth we have seen in the Americas,” he said.
Weizer said that real progress has been seen in the execution of Playtech’s US strategy, supported by new licenses, new launches, and new partnerships.