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Playtech
(OTC:PYTCY)
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Rating:62Neutral
Price Target:
$12.00
▲(9.19% Upside)
Action:Reiterated
Date:09/15/26
The score is driven primarily by mixed financial quality (volatile revenue and earnings-quality concerns, but positive cash generation and a healthier balance sheet). Technicals are supportive with a clear uptrend and positive momentum, while valuation is a major headwind due to the extremely high P/E. The latest earnings call was a net positive, supported by maintained guidance and strong H1 profitability/cash flow, partially offset by expected H2 softness and normalization items.
Positive Factors
Regulated B2B growth
Strong growth in regulated B2B revenue indicates increasing operator adoption across markets where licensing supports more durable demand. Expansion in regulated jurisdictions can broaden Playtech’s recurring revenue base and strengthen its position as operators seek compliant technology and content.
Negative Factors
Volatile core results
Sharp revenue swings and the shift from operating profitability to an operating loss weaken confidence in the durability of Playtech’s underlying earnings. Inconsistent core performance can limit visibility for investment planning and make future cash generation more dependent on business mix and non-operating items.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated B2B growth
Strong growth in regulated B2B revenue indicates increasing operator adoption across markets where licensing supports more durable demand. Expansion in regulated jurisdictions can broaden Playtech’s recurring revenue base and strengthen its position as operators seek compliant technology and content.
Read all positive factors
Playtech (PYTCY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.62B
Dividend Yield36.79%
Average Volume (3M)96.00
Price to Earnings (P/E)242.7
Beta (1Y)0.85
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees7,400
SectorConsumer Cyclical
Sector Strength84
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.06
Shares Outstanding154,647,130
10 Day Avg. Volume280
30 Day Avg. Volume96
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Apr 01, 2027
Earnings Call Sentiment Positive
The call was strongly positive, with substantial year-on-year growth in adjusted EBITDA, free cash flow and regulated B2B revenue, rapid progress toward medium-term targets, U.S. profitability and strong strategic-asset contributions. The company also maintained full-year guidance, reduced costs and preserved a net-cash balance while continuing to invest. Offsetting factors included an expected H2 EBITDA decline, normalization of the Hard Rock Digital contribution, U.K. headwinds, elevated exceptional items and delays to the Brazil agreement, but these issues were presented as manageable within the maintained outlook.Positive Updates
Strong H1 Profitability and Cash Generation
Adjusted EBITDA increased 77% year-on-year to EUR 163 million in H1 2026, while free cash flow reached EUR 101 million. Management described the period as a landmark result and a step change in profitability and cash generation.
Negative Updates
Expected H2 EBITDA Decline Versus H1
Management expects H2 adjusted EBITDA to be lower than H1, as stated in the July 9 trading update, although full-year guidance of more than EUR 270 million was maintained.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong H1 Profitability and Cash Generation
Adjusted EBITDA increased 77% year-on-year to EUR 163 million in H1 2026, while free cash flow reached EUR 101 million. Management described the period as a landmark result and a step change in profitability and cash generation.
Read all positive updates
Company Guidance
Playtech maintained its full year 2026 guidance of more than EUR 270 million of adjusted EBITDA, while H2 adjusted EBITDA is expected to be lower than H1; the company said it is ahead of schedule in delivering its medium-term targets of EUR 300 million in adjusted EBITDA and EUR 100 million in free cash flow and will revisit those targets after the year-end. Adjusted EBITDA margin and EBITDA are expected to undergo a temporary period of rebasing in H2 and into 2027, after which the company expects continued revenue growth, EBITDA growth and further margin expansion; cost efficiencies are not done at EUR 20 million, with more opportunities going forward. Hard Rock Digital’s contribution is expected to continue at a lower but more sustainable level, with further growth to come from that level, while Brazil is expected to enter into an agreement and launch sometime by the beginning of -- or at the beginning of next year.Playtech Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 777.28M | 733.46M | 848.00M | 1.71B | 1.60B | 1.21B |
| Gross Profit | 701.65M | 763.60M | 848.00M | 771.90M | 1.60B | 1.21B |
| EBITDA | 105.90M | 7.97M | 316.50M | 165.10M | 290.90M | 210.20M |
| Net Income | 8.50M | 1.43B | 223.20M | 156.80M | 87.60M | 674.60M |
Balance Sheet | ||||||
| Total Assets | 2.31B | 2.21B | 3.30B | 3.33B | 3.02B | 3.65B |
| Cash, Cash Equivalents and Short-Term Investments | 424.40M | 325.16M | 268.10M | 516.20M | 426.50M | 575.40M |
| Total Debt | 352.50M | 337.16M | 494.00M | 732.90M | 633.40M | 1.13B |
| Total Liabilities | 814.00M | 822.95M | 1.48B | 1.52B | 1.32B | 2.07B |
| Stockholders Equity | 1.50B | 1.38B | 1.82B | 1.82B | 1.70B | 1.58B |
Cash Flow | ||||||
| Free Cash Flow | 104.76M | 48.31M | 235.30M | 216.90M | 285.50M | 110.80M |
| Operating Cash Flow | 151.23M | 92.31M | 391.10M | 366.90M | 410.90M | 225.00M |
| Investing Cash Flow | 23.41M | 1.82B | -188.40M | -309.50M | -358.30M | -127.60M |
| Financing Cash Flow | -254.97M | -1.94B | -266.00M | 39.90M | -566.90M | -218.40M |
Playtech Technical Analysis
Positive
10.99
Price Trends
10.54
Positive
9.86
Positive
9.32
Positive
Market Momentum
0.29
Negative
53.63
Neutral
76.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PYTCY, the sentiment is Positive. The current price of 10.99 is below the 20-day moving average (MA) of 11.08, above the 50-day MA of 10.54, and above the 200-day MA of 9.32, indicating a bullish trend. The MACD of 0.29 indicates Negative momentum. The RSI at 53.63 is Neutral, neither overbought nor oversold. The STOCH value of 76.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PYTCY.
Playtech Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $49.05M | 1.45 | 52.65% | 29.19% | 43.87% | 1006.66% | |
74 Outperform | $832.11M | 6.19 | 16.63% | ― | -3.75% | -3.09% | |
62 Neutral | $1.62B | 242.67 | -1.45% | 36.79% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $374.04M | 34.88 | 1.96% | ― | 13.62% | ― | |
55 Neutral | $104.60M | 43.09 | 52.99% | ― | ― | ― | |
52 Neutral | $87.78M | -0.03 | -19.57% | 89.81% | 17.64% | 32.94% |
* Consumer Cyclical Sector Average
PYTCY
Playtech
11.13
1.47
15.20%
CMCM
Cheetah Mobile
2.61
-6.65
-71.84%
SOGP
Sound Group
11.55
-6.95
-37.57%
API
Agora
4.33
0.46
11.76%
YALA
Yalla Group
5.57
-2.03
-26.71%
TP
Ticketplus
8.19
1.19
16.94%
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.