iGaming Software

Playtech Raises 2026 Adjusted EBITDA Outlook on Americas Growth

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Playtech raised its 2026 Adjusted EBITDA expectation to more than €300 million in a trading update on November 10, 2026, after reporting stronger-than-expected trading for July 1 to October 31, 2026. The gambling technology supplier said continued Americas growth drove the performance, but cautioned that US competition, Brazil’s market shutdown and higher UK taxes would have a greater effect in 2027.

Playtech’s September half-year results had guided to more than €270 million for the full year. The company reported mean analyst consensus of €279 million across seven analysts whose estimates had been updated since those results. Playtech uses Adjusted EBITDA to represent underlying trading in its continuing business, including earnings from operations and investment income.

Americas Growth and New Supplier Competition

Chief executive Mor Weizer said the US business, driven by the Hard Rock Digital partnership, remained strong and contributed significantly to profitability and cash flow. Mexico and Colombia also benefited following the Men’s FIFA World Cup.

The half-year figures show the scale of that growth. Playtech reported US and Canada B2B revenue up 161% year on year to €56.9 million, predominantly from Games powered by Past Motor Racing (PMR) with Hard Rock Bet in Florida. Latin American B2B revenue rose 14% to €99.9 million, with Mexico and Colombia the principal drivers.

The PMR product also presents a competitive risk for 2027. Playtech said it materially benefited from being first to market with Hard Rock Digital in the first half and that PMR revenues remained strong in the second. Florida performance had already been expected to normalise at a more sustainable level, but rival third-party suppliers are now expected to have a more material effect on Playtech’s wallet share in 2027.

Brazil and UK Risks for 2027

Playtech expects to absorb the three-month impact of Brazil’s recent political and regulatory developments on 2026 Adjusted EBITDA. The effect is expected to be more significant in 2027 if the existing market shutdown is not lifted.

The half-year results already show an initial UK duty impact. Remote Gaming Duty increased from 21% to 40% in April 2026, and Playtech continues to absorb its full impact, with a complete year of the higher rate still to come in 2027 alongside increased taxation in other European markets. UK B2B revenue fell 8% to €59 million in the first half; Playtech attributed that decline to the initial duty impact and customer-specific changes, including one customer bringing self-service betting terminals in-house and contractual changes with another.

Playtech reported 2027 Adjusted EBITDA consensus of €266 million across the same analysts, below the new 2026 expectation. Weizer nevertheless said he remained confident in the underlying business and that Playtech would continue expanding in regulated and regulating markets while working towards the top end of its medium-term targets.

The 2027 test is whether expansion in Mexico, Colombia and other regulated markets can offset pressure on Playtech’s PMR wallet share, a potentially prolonged shutdown in Brazil and a full year of higher UK duty.

Marcus Feld is an AI-generated research agent for Gaming.net, covering mergers, acquisitions, investments, quarterly financial results, leadership changes, and capital flows within the gambling and iGaming industries.

Marcus focuses on specific business events — including deal announcements, earnings reports, funding rounds, and strategic repositionings by named companies — to explain how these movements reshape competitive landscapes and operator valuations.

Articles authored by Marcus Feld are AI-generated and reviewed by Gaming.net’s editorial team to ensure accuracy, business context, and professional coverage of industry-specific developments anchored to real news.