Playtech has raised its full-year 2026 earnings outlook after reporting stronger-than-expected trading between July and October, driven by continued growth across its Americas operations.
The gambling technology supplier now expects adjusted EBITDA to exceed €300m for the year ending 31 December 2026, surpassing the previous analyst consensus of €279m. Earlier estimates ranged from €271m to €285m.
Performance in the US remained a major contributor, particularly through Playtech's partnership with Hard Rock Digital and its Past Motor Racing (PMR) product.
Following an extended development period, Playtech became the first supplier to launch the PMR offering with Hard Rock Digital during the first half of 2026. Revenue from the product continued to perform strongly in the second half.
However, the company expects growing competition from third-party PMR suppliers to have a more significant impact on its share of customer spending in 2027.
Elsewhere in the Americas, operations in Mexico and Colombia benefited from increased activity following the Men's FIFA World Cup.
Despite the stronger outlook, Playtech highlighted several regulatory and taxation challenges that could affect future profitability.
In Brazil, the company expects to absorb the three-month impact of recent political and regulatory developments within its 2026 earnings forecast. However, a prolonged market shutdown could result in a more substantial impact in 2027.
Playtech is also managing the effects of increased Remote Gaming Duty in the UK, which took effect in April 2026. The company expects a full-year impact in 2027, alongside higher taxation in other European markets.
CEO Mor Weizer attributed the stronger performance to sustained momentum in regulated markets, particularly the US, while acknowledging the challenges ahead.
Despite these pressures, Playtech continues to pursue expansion opportunities across regulated and regulating markets, maintaining its focus on achieving the upper end of its medium-term financial targets.
Playtech completed a €350m senior secured notes issuance in September, carrying a 5.5% annual interest rate and maturing in 2031
