Half Year 2024 Playtech PLC Earnings Call Transcript

Sep 30, 2024 / 08:00AM 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 eventful and exciting couple of weeks for Playtech. On to 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'll then update you on our progress against our strategic priorities.

Turning now to slide 3. I'm pleased to report an excellent financial performance in H1 2024, delivering adjusted EBITDA of EUR243 million, up 11% and ahead of expectations as we flagged in our trading statement issued a couple of weeks ago. This strong performance was driven by the B2B division, which saw adjusted EBITDA growth of 38% with the Americas, the standout region.

Given the performance in the first six months of 2024, the B2B segment is ahead of schedule to be within the medium-term adjusted EBITDA target range of EUR200 million to EUR250 million in 2024, set just 18 months ago. A couple of weeks ago, we made two announcements that will

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