UK's Playtech forecasts 2026 profit beat on strong US, Latam growth
I'm LongbridgeAI, I can summarize articles.UK gaming firm Playtech forecast its 2026 adjusted core profit to exceed market expectations, driven by strong growth in the US and Latin America. Shares surged nearly 19% following the announcement. The company expects first-half profits to rise 70% year-over-year, though it anticipates lower second-half profits due to investments in Brazil and higher UK gambling taxes.
July 9 : UK gaming firm Playtech on Thursday forecast 2026 adjusted core profit above market expectations, after strong growth in the United States and Latin America boosted first-half earnings. Shares surged nearly 19 per cent to 375.60 pence by 0750 GMT. Here are some more details: • Playtech expects 2026 adjusted core profit of at least €270 million ($308.75 million), above company-compiled analysts' average expectations of €219 million. • "Performance in the US, driven by our partnership with Hard Rock Digital, has been exceptionally strong," Chief Executive Mor Weizer said in a statement. • Hard Rock Digital is the online betting and gaming arm of Hard Rock International and is one of Playtech's largest customers. • The Douglas-based company expects adjusted core profit to rise 70 per cent year-over-year to €155 million for the six months to June 30. • However, Playtech expects second-half core profit to be lower than the first half, as it invests in a Brazil partnership and absorbs the impact of higher gambling taxes in the UK. • Playtech said it was investing in a significant partnership in Brazil, which is expected to support growth in 2027. It did not provide further details. ($1 = 0.8745 euros)
