Playtech has reported a strong first half of 2026, with revenue from continuing operations rising 10% year-on-year to €425.1m and adjusted EBITDA climbing 77% to €162.5m. The Group's adjusted EBITDA margin also increased to 38%, from 24% a year earlier.
The performance was led by its B2B division, where revenue grew 14% to €394.8m and adjusted EBITDA increased 75% to €128.1m. Regulated markets accounted for 83% of B2B revenue, with underlying regulated-market revenue up 21%.
Playtech H1 Revenue 2025 VS 2026 (€ M)
The Americas were the main growth engine. Revenue from the US and Canada increased 161%, helped by Playtech's partnership with Hard Rock Digital in Florida and further expansion across regulated US iGaming markets. The company entered Connecticut during the period, taking its regulated iGaming presence to six states, while also launching with operators including Fanatics, FanDuel and Bet365.
Latin America also performed strongly, with underlying revenue up 29%, led by Mexico and Colombia. Playtech continued investing in Brazil ahead of an expected major strategic partnership later in 2026.
Investment income increased to €34.2m from €19.8m, supported by Playtech's holding in Caliente Interactive and dividends from Hard Rock Digital. Free cash flow reached €101.0m, leaving the Group with net cash of €39.2m at the end of June.
The UK was a weaker spot, with B2B revenue falling 8% following customer changes and the increase in Remote Gaming Duty.
Playtech expects second-half adjusted EBITDA to be below the first half as US performance normalises and UK tax pressures continue. However, it maintained its 2026 outlook for adjusted EBITDA of more than €270m.
US and Canada revenue surged 161% year-on-year
