Playtech Raises 2026 Earnings Guidance as Americas Growth Continues

Playtech has raised its full-year 2026 adjusted EBITDA guidance to more than €300 million, driven by continued growth across the Americas. The company had previously forecast adjusted EBITDA of €250 million to €300 million, while analyst estimates ranged from €271 million to €285 million.

The revised outlook follows a strong third quarter, covering the period from 1 July to 30 September. Playtech highlighted sustained momentum in regulated markets, particularly the United States, Mexico and Colombia. Its US performance has benefited from its partnership with Hard Rock Digital, which has contributed significantly to profitability and cash flow.

Past Motor Racing (PMR) has also remained an important growth driver. Playtech said the product continued to generate strong revenue after benefiting from its early market entry with Hard Rock Digital. However, competition from other third-party PMR suppliers is expected to have a greater impact on market share in 2027.

The company also identified several challenges that could affect its performance over the coming year. Regulatory developments in Brazil are expected to affect adjusted EBITDA for three months in 2026. Playtech said it can absorb the immediate impact, although a prolonged market shutdown could create greater pressure in 2027.

Higher UK gambling taxes are another concern. The increase in Remote Gaming Duty will have its full-year effect in 2027, adding to tax pressures in other European markets.

Despite these headwinds, CEO Mor Weizer expressed confidence in the group’s underlying performance and its expansion opportunities in regulated and regulating markets. Playtech has not yet issued formal guidance for 2027, although current analyst consensus puts adjusted EBITDA at approximately €266 million.

The company’s share price rose by more than 4% following the update. Investment bank Peel Hunt maintained its Buy recommendation and a 690p price target, pointing to Playtech’s ability to lead in emerging product categories rather than follow competitors.