Full Year 2024 Playtech PLC Earnings Call Transcript

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Mar 27, 2025

Mar 27, 2025 / 09:00AM GMT
Mor Weizer - Playtech PLC - Chief Executive Officer, Executive Director

So good morning, everyone. Firstly, I want to thank you all for attending today. It's been an exciting year for Playtech, and I'm looking forward to taking you through our performance and our plans for the future.

Onto slide 2. I'll begin with the highlights before handing over to Chris McGinnis, our CFO, who will take you through the financials and the outlook. I will then update you on our progress against our strategic priorities and our medium-term plan.

Turning now to slide 3. I'm pleased to report a strong financial performance in 2024, delivering adjusted EBITDA of EUR480 million, up 11% year on year and slightly ahead of previously raised expectations. This excellent performance was driven by strong momentum in the B2B division, which showed broad-based growth across our core markets and improvements in operating leverage. As a result, we grew B2B adjusted EBITDA by 22% to EUR222 million achieving our medium-term adjusted EBITDA target ahead of schedule, while also significantly improving our free cash flow

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