Playtech (LSE:PTEC) has upgraded its earnings guidance for 2026 after reporting first-half trading that significantly exceeded market expectations. The online gambling technology group now expects first-half Adjusted EBITDA to surpass €155 million, supported by exceptional growth in the United States and strong performances across Mexico, Colombia and selected European markets. A key contributor was the company’s partnership with Hard Rock Digital, which benefited from being first to market with a betting product based on Past Motor Racing results.
Despite the stronger first-half performance, Playtech expects earnings to moderate during the second half of the year. The company said this reflects the anticipated normalisation of revenue from Hard Rock Digital, continued investment in a major partnership in Brazil and the full-year effect of higher UK Remote Gaming Duty. Nevertheless, Playtech now forecasts full-year 2026 Adjusted EBITDA of at least €270 million, comfortably ahead of current analyst expectations and highlighting the strength of its business across regulated gaming markets. The company is due to publish its interim results on 10 September 2026.
While Playtech continues to generate healthy cash flow, its overall outlook remains affected by uneven financial performance and concerns over the consistency and quality of earnings. Against this, technical indicators remain positive, with the shares trading above key moving averages and maintaining favourable momentum. Valuation also appears attractive, supported by a relatively low price-to-earnings ratio.
More about Playtech
Playtech plc is a leading global business-to-business technology provider for the online betting and gaming industry. Founded in 1999 and listed on the London Stock Exchange, the company develops end-to-end software solutions, including its PAM+ platform, gaming content and services spanning online casino, live casino, sports betting, bingo and poker. Playtech operates across more than 50 regulated and regulating markets worldwide.
The group employs more than 7,400 people across 20 countries and focuses on delivering secure, responsible and engaging player experiences through advanced technology and player protection tools. Its comprehensive platform and turnkey solutions make Playtech a key technology partner for regulated gambling operators around the world.
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