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Playtech
(OTC:PYTCY)
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Rating:58Neutral
Price Target:
$11.50
▲(16.04% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by volatile operating performance and earnings-quality concerns (2025 operating loss alongside unusually high net income). A healthier balance sheet and generally positive cash generation support the rating, while technicals are only mildly positive and valuation is difficult to assess due to a negative P/E and no dividend yield data.
Positive Factors
Improving Balance Sheet
A stronger capital structure gives Playtech greater flexibility to fund technology, support customers and absorb industry volatility. Lower relative leverage can also reduce financial strain as operating results fluctuate.
Negative Factors
Sharp Revenue Declines
Repeated top-line contraction raises concerns about customer activity, contract mix or market exposure. Unless reversed, weaker revenue scale could limit operating leverage and reduce the resources available for product investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Balance Sheet
A stronger capital structure gives Playtech greater flexibility to fund technology, support customers and absorb industry volatility. Lower relative leverage can also reduce financial strain as operating results fluctuate.
Read all positive factors
Playtech (PYTCY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.59B
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees7,400
SectorConsumer Cyclical
Sector Strength84
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.14
Shares Outstanding154,647,130
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.58
Price to Sales (P/S)1.10
P/FCF Ratio16.74
Enterprise Value/Market Cap0.67
Enterprise Value/Revenue1.45
Enterprise Value/Gross Profit1.50
Enterprise Value/Ebitda133.68
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Playtech Business Overview & Revenue Model
Company Description
Playtech Plc is a global technology enterprise that delivers a comprehensive suite of software, services, content, and platform solutions to the gambling industry. Its extensive portfolio covers diverse product verticals such as traditional and li...
How the Company Makes Money
Playtech primarily makes money by licensing and supplying gambling technology and related services to gaming operators, earning recurring revenue tied to customer contracts and player activity.
Key revenue streams typically include:
- B2B softwar...
Playtech Earnings Call Summary
Earnings Call Date:Sep 11, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 10, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a mixed sentiment with notable achievements such as strong adjusted EBITDA performance, successful strategic divestments, and expansion in the Americas. However, these were balanced by declines in group revenue and B2C performance, alongside challenges in certain markets.Positive Updates
Strong Adjusted EBITDA Performance
Adjusted EBITDA for the first half of the fiscal year 2025 was EUR 92 million, consistent with upgraded expectations. This reflects solid growth in the B2B business and strategic progress in core markets, particularly in the Americas.
Negative Updates
Decline in Group Revenue
Group revenue for the first half of the year was EUR 387 million, down 10% year-on-year due to the impact from revised agreements with Caliente Interactive.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong Adjusted EBITDA Performance
Adjusted EBITDA for the first half of the fiscal year 2025 was EUR 92 million, consistent with upgraded expectations. This reflects solid growth in the B2B business and strategic progress in core markets, particularly in the Americas.
Read all positive updates
Company Guidance
During the call, Playtech provided detailed guidance for its fiscal year 2025, highlighting a strong performance with an adjusted EBITDA of EUR 92 million in the first half, in line with the revised expectations. Group revenue for the first half was EUR 387 million, reflecting a 10% year-on-year decline due to revised terms with Caliente Interactive, while underlying group earnings saw growth. The adjusted EBITDA grew by 5% year-on-year in the first half, reaching EUR 91.6 million, surpassing consensus expectations. Playtech ended the period with a net cash position of EUR 77 million, aided by the net proceeds from the Snaitech sale. The company maintains a strong balance sheet with a EUR 300 million bond maturing in 2028 and a fully undrawn EUR 225 million revolving credit facility. For full-year 2025, Playtech expects the adjusted EBITDA to exceed expectations, with CapEx guidance between EUR 80 million to EUR 90 million, a reduction from previous guidance. The company also maintains an effective tax rate guidance of 25% to 28% and aims to meet its medium-term adjusted EBITDA target of EUR 250 million to EUR 300 million, supported by strategic investments in high-growth areas like the U.S. and Brazil.Playtech Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 733.46M | 848.00M | 1.71B | 1.60B | 1.21B |
| Gross Profit | 763.60M | 848.00M | 771.90M | 1.60B | 1.21B |
| EBITDA | 7.97M | 316.50M | 165.10M | 290.90M | 210.20M |
| Net Income | 1.43B | 223.20M | 156.80M | 87.60M | 674.60M |
Balance Sheet | |||||
| Total Assets | 2.21B | 3.30B | 3.33B | 3.02B | 3.65B |
| Cash, Cash Equivalents and Short-Term Investments | 325.16M | 268.10M | 516.20M | 426.50M | 575.40M |
| Total Debt | 337.16M | 494.00M | 732.90M | 633.40M | 1.13B |
| Total Liabilities | 822.95M | 1.48B | 1.52B | 1.32B | 2.07B |
| Stockholders Equity | 1.38B | 1.82B | 1.82B | 1.70B | 1.58B |
Cash Flow | |||||
| Free Cash Flow | 48.31M | 235.30M | 216.90M | 285.50M | 110.80M |
| Operating Cash Flow | 92.31M | 391.10M | 366.90M | 410.90M | 225.00M |
| Investing Cash Flow | 1.82B | -188.40M | -309.50M | -358.30M | -127.60M |
| Financing Cash Flow | -1.94B | -266.00M | 39.90M | -566.90M | -218.40M |
Playtech Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $6.11B | 85.29 | 20.44% | ― | 34.29% | 14.69% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $6.27B | 14.97 | 91.10% | 3.18% | 0.86% | -3.37% | |
58 Neutral | $1.59B | -8.28 | 99.57% | ― | ― | ― | |
56 Neutral | $22.04B | -71.91 | -26.30% | ― | 15.03% | 46.89% | |
45 Neutral | $458.77M | -0.75 | -103.53% | ― | 20.38% | -24.51% |
* Consumer Cyclical Sector Average
PYTCY
Playtech
10.99
-0.36
-3.16%
RRR
Red Rock Resorts
58.40
-2.56
-4.20%
DKNG
DraftKings
24.22
-24.01
-49.78%
RSI
Rush Street Interactive
26.20
3.87
17.33%
BALY
Bally's Corporation
9.10
-0.90
-9.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.