Playtech, the international developer of video slots and live dealer games for online casinos, has revealed its financial data for the full extent of 2021 and the figures show the company increased its revenue by 12 percent compared to 2020.
The corporation also reported an adjusted net profit for the year amounting to 112.3 million euros. Revenue for the twelve months of 2021 amounted to 1.21 billion euros, surpassing the 1.08 billion generated in 2020.
The main revenue source for Playtech remains Business-to-Consumer, this segment generated revenue of 663.7 million euros in 2021, 11.3 percent more than in the previous year. Most of that revenue was recorded from the Snai brand, which operates in Italy.
Playtech reveals that the revenue growth was entirely due to increasing demand for online gaming, as land-based activities still felt the impact of restrictions related to the novel coronavirus pandemic.
The Business-to-Business segment also recorded a revenue growth of 12 percent compared to 2020, generating revenue of 554.3 million euros. However, the company also had higher distribution costs compared to the previous year, leaving 317.1 million in adjusted earnings before interest, tax, depreciation and amortization (EBITDA). That figure represents an increase of 25 percent year-on-year.