Playtech reported stronger-than-expected trading performance toward the end of 2025, with activity in North America and Mexico driving improved financial expectations. A recent trading update confirmed that fourth-quarter momentum in these markets supported a better second-half result, leading the company to revise its earnings outlook for the year ended December 31, 2025.
The group now expects Adjusted EBITDA to reach at least ā¬195 million. This revised projection exceeds the analyst consensus estimate of ā¬177 million. Management attributed the improved forecast to stronger regional trading conditions and the impact of earlier strategic investments in the Americas.
Regional Growth Drives Updated Financial Expectations
Performance in North and Latin America played a central role in the revised outlook. Playtech noted that revenue trends in the region during the final quarter outperformed internal expectations. Company leadership indicated that this momentum provides a constructive foundation as the business enters 2026, even as broader pressures continue to affect parts of the global gambling sector.
Chief executive Mor Weizer described the closing months of 2025 as an encouraging phase for the business, particularly in the United States where Playtech has concentrated investment for several years. He stated, āIām delighted with the strong performance we saw at the end of 2025. We have been steadily investing across our business in the Americas for a number of years, and Iām particularly pleased with our recent progress in the US, as the benefits of our hard work start to accelerate and flow through to profitability.ā
Weizer also addressed the companyās investment approach going forward. He said, āWe 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.ā
Although Playtech acknowledged upcoming regulatory and tax pressures in some jurisdictions, including scheduled gambling tax increases in the United KingdomĀ from 2026, management indicated that recent performance in the Americas currently offsets some of those concerns.
2026 Guidance And Product Collaboration Strategy
Alongside the upgraded 2025 outlook, Playtech confirmed its existing 2026 guidance and medium-term targets. The company continues to aim for Adjusted EBITDA between ā¬250 million and ā¬300 million over the medium term, with projected free cash flow ranging from ā¬70 million to ā¬100 million. Management noted that these targets remain unchanged despite evolving regulatory and market conditions.
The company also highlighted recent developments within its content partnerships. Playtech recently launched Three Witches,Ā a casino slot developed exclusively for Novibet. This title followed the earlier release of Blue Witch, another bespoke game created for the same operator.
According to Playtech, Blue Witch achieved strong engagement across Novibetās operating markets, prompting further collaboration. Three Witches was designed with similar objectives, combining customised visual elements with established gameplay features while supporting scalability across multiple jurisdictions.
Management described tailored content partnerships as part of a broader strategy aimed at supporting operator relationships while maintaining operational efficiency. The company indicated that regional performance in the Americas, combined with ongoing collaboration initiatives, shapes its near-term focus as it moves into 2026.
Source:
Playtech Lifts 2025 Outlook After Strong Q4 in the Americas, livedealers.com, February 6, 2026
