Year of Turbulence at Playtech As Revenues Drop Despite American Growth

The latest FY25 financials from Playtech Group have actually exposed that the business lags B2B revenue at a time when it is shifting far from B2C operations.


Last year trading saw EUR688.3 m generated in B2B profits, down 9% from the EUR754.3 m in 2024. Adjusted EBITDA decreased by 36% to EUR141.4 m when pitted against FY24's comparatives of EUR222m, whilst post-tax revenue stood at EUR44.2 m - a 28% year-on-year drop from.


The main driver for the effect on performance was the re-adjusted Caliente Interactive arrangement at the end of 2024, which saw Playtech stop getting additional B2B service costs in H1 2025, and instead start getting payment dividends as a 30.8% equity stake holder from H2 onwards.


Strategic regional top priorities


Against the B2B earnings results, income from B2C operations was available in at EUR78.5 m (FY24: EUR97.8 m), driven by the EUR2.3 bn sale of Italian gaming giant Snaitech to Flutter Entertainment, and an extra B2C wind down in Germany with the sale of domestic brand name HAPPYBET.


However, a big favorable for Playtech in FY25 was its North American development. Revenue throughout the US and Canada grew by a substantial 71% year-on-year on a continuous currency basis, from EUR29.8 m to EUR48m.


Business said performance was driven by strong activity from consumers such as DraftKings, FanDuel, Acid Rock Digital and Delaware North.


Live Casino has actually stuck out as a significant motorist for Playtech's US operations, the company confirmed, with the number of Live tables operated by the firm practically doubling YoY throughout its studios in New Jersey, Michigan and Pennsylvania.