UK's Playtech forecasts 2026 profit beat on strong US, Latam growth
Gambling cubes and chips are seen in front of displayed Playtech logo in this illustration taken, November 8, 2021. REUTERS/Dado Ruvic/Illustration
July 9 : UK gaming firm Playtech on Thursday forecast 2026 adjusted core profit above market expectations, after strong growth in the United States and Latin America boosted first-half earnings.
Shares surged nearly 19 per cent to 375.60 pence by 0750 GMT.
Here are some more details:
• Playtech expects 2026 adjusted core profit of at least €270 million ($308.75 million), above company-compiled analysts' average expectations of €219 million.
• "Performance in the US, driven by our partnership with Hard Rock Digital, has been exceptionally strong," Chief Executive Mor Weizer said in a statement.
• Hard Rock Digital is the online betting and gaming arm of Hard Rock International and is one of Playtech's largest customers.
• The Douglas-based company expects adjusted core profit to rise 70 per cent year-over-year to €155 million for the six months to June 30.
• However, Playtech expects second-half core profit to be lower than the first half, as it invests in a Brazil partnership and absorbs the impact of higher gambling taxes in the UK.
• Playtech said it was investing in a significant partnership in Brazil, which is expected to support growth in 2027. It did not provide further details.
($1 = 0.8745 euros)
