Playtech Lifts 2025 Outlook After Strong Q4 in the Americas

Playtech has reported a stronger-than-expected finish to 2025, driven by robust performance in North America, and now anticipates full-year earnings to exceed market expectations. In a trading update issued on Thursday, the company said momentum in the United States and Mexico during the fourth quarter supported improved results for the second half of the year.

As a result of this late-year acceleration, Playtech now expects Adjusted EBITDA for the year ended 31 December 2025 to reach at least €195 million. This figure stands well above the current analyst consensus forecast of €177 million, reflecting the impact of improved regional trading conditions and earlier investment decisions.

The company pointed to the Americas as a key contributor to the revised outlook, noting that fourth-quarter revenue trends in the region surpassed internal expectations. Playtech said this performance positions the group with positive momentum as it moves into 2026, despite acknowledging broader pressures affecting the global gambling sector.

Chief executive Mor Weizer said the closing months of 2025 marked an encouraging period for the business, particularly in the US market, where Playtech has focused investment over several years.

“I’m delighted with the strong performance we saw at the end of 2025,” Weizer said. “We have been steadily investing across our business in the Americas for a number of years, and I’m particularly pleased with our recent progress in the US, as the benefits of our hard work start to accelerate and flow through to profitability.”

Playtech indicated that its strategy in the Americas remains selective, with capital directed toward areas where the company sees clear opportunities for sustained growth. Weizer said this approach would continue across both the United States and other markets in the region.

“We continue to invest selectively into the US and elsewhere in the Americas, where we see additional growth opportunities. While we remain mindful of wider sector headwinds, I am excited by the momentum we are building and the significant growth opportunity ahead.”

While the company referenced challenges facing the wider industry, including scheduled gambling tax increases in the United Kingdom and other jurisdictions from 2026, it said the strength of recent trading in the Americas helped offset these concerns in the near term.

Alongside its upgraded 2025 expectations, Playtech reaffirmed its guidance for 2026 and its medium-term financial targets. The company continues to aim for Adjusted EBITDA of between €250 million and €300 million over the medium term, alongside free cash flow in the range of €70 million to €100 million.

Playtech said that, although regulatory and tax-related pressures remain part of the operating landscape, the trends observed in North and Latin America during the fourth quarter provide a constructive starting point for the new financial year. The company stated that it enters 2026 with confidence supported by regional performance rather than changes to its broader strategic assumptions.

Investor reaction to the update was positive. Shares in Playtech plc were trading 3.03% higher at 289.00 pence per share in London on Thursday morning following the announcement.

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In addition to its financial update, Playtech highlighted recent activity within its content portfolio. Last month, the company released Three Witches, a casino slot developed exclusively for operator Novibet. The game represents the second bespoke title Playtech has created solely for Novibet, following the earlier launch of Blue Witch.

According to the company, Blue Witch achieved strong engagement across Novibet’s active markets, encouraging further collaboration on operator-specific content. Playtech said Three Witches follows a similar approach, combining customised visual elements with established gameplay mechanics.

The slot was designed to appeal across all jurisdictions where Novibet operates, reflecting a shared focus on scalable content capable of delivering consistent performance in multiple markets. Playtech described this model as part of its broader effort to support operators with tailored products while maintaining efficiency in development and deployment.

As Playtech looks ahead, the company continues to balance regional growth opportunities, bespoke content strategies, and external market pressures. With North America delivering a strong contribution at the end of 2025, management signaled that the group’s near-term focus remains on converting regional momentum into sustained earnings growth.

Source:

“Playtech benefits from strong performance in North America in Q4“, gamingintelligence.com, February 5, 2026.