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UK-listed gambling technology company providing software platforms for online casino and sports betting operators.
UK-listed gambling technology company providing software platforms for online casino and sports betting operators.
Charges operators a share of the revenue their players generate on its software, plus fixed fees for services, so earnings rise with customers' volumes in each licensed market. It also runs consumer-facing betting brands of its own, which are paid for directly by players.
In one line: A UK gambling-software provider, akin to a smaller Light & Wonder.
Moat: narrow (IP / patents, installed base, customer qualification). Licensed gaming software embedded in operator platforms across regulated markets.
Headquarters: Douglas, Isle of Man · Founded: 1999 · Employees: 7,400
Size Playtech (PTEC.L) is a United Kingdom Information Technology company (Packaged Software) with a market value of $1.39B, the 193rd largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £363.60 on 6 Nov 2026.
Performance Over six months the shares gained 7.5%, against -21.9% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 8th highest of 19 in its peer set.
Growth Revenue fell 53.8% over the last twelve months (peer median +9.4%); the operating margin is 0.0% (peer median 0.0%).
Valuation It trades at 11.4× forward earnings against a peer median of 16.6× (3rd cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.2 points below its cost of capital (9.2% WACC).
Credit Playtech has 1 bond outstanding ($390M), rated BB- by the agencies and trading like BB- at a weighted spread of 272 bp.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £697M | £654M | £718M | £671M | £1.37B |
| Revenue growth | — | -9% | +7% | -51% | — |
| Gross profit | £607M | £569M | £630M | £578M | £1.22B |
| EBITDA | £89.2M | £12.2M | £104M | £132M | £323M |
| Net income | £5.29M | £1.27B | -£20.2M | £91.4M | £61.9M |
| Free cash flow | £124M | £43.1M | £271M | £243M | £273M |
| Capital expenditure | £78.9M | £94.5M | £132M | £130M | £107M |
| Total debt | n/a | £295M | £408M | £635M | £562M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Playtech PTEC.L | $1.39B | +7% | -54% | 0% | 11.4× | -6.0% |
| Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh LNW.AX | $6.22B | +1% | 0% | 27% | 9.4× | -8.5% |
| Evolution EVO.ST | $15.8B | +33% | -3% | 57% | 14.4× | -0.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PTEC.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | -0.4% | 9th highest of 21 |
| 6-month return | +7.5% | -21.9% | 8th highest of 19 |
| Distance from 52-week high | -20.3% | -41.1% | 5th highest of 21 |
| Revenue growth (TTM) | -53.8% | +9.4% | lowest of 21 |
| Operating margin | 0.0% | 0.0% | 11th highest of 21 |
| Forward P/E | 11.4× | 16.6× | 3rd cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -6.0% | 12.6% | 4th least demanding of 12 |
| Growth delivered (Del g) | -7.4% | +13.1% | lowest of 12 |
| Hurdle (Req g minus delivered) | +1.4 pp | -18.7 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | -9.2 pp | -12.9 pp | 9th highest of 20 |
| EV / EBITDA | 10.9× | 8.7× | 3rd most expensive of 8 |
| Net debt / EBITDA | -0.7× | -3.2× | 4th most indebted of 13 |
| Bond spread | 272 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Playtech PTEC.L | United Kingdom | $1.39B | +7% | -54% | 0% | 11.4× | -6.0% | -7.4% |
| Wondershare Technology 300624.SZ | China | $1.38B | -25% | -8% | -12% | n/a | n/a | n/a |
| Longshine Technology 300682.SZ | China | $1.39B | -35% | +7% | -9% | 25.9× | 49.4% | +6.0% |
| Lightspeed Commerce LSPD.TO | Canada | $1.38B | +9% | +11% | -9% | 14.4× | 13.5% | +42.0% |
| Zensar Technologies ZENSARTECH.NS | India | $1.37B | +9% | +9% | 14% | 16.9× | 13.4% | +8.5% |
| Ibotta IBTA | United States | $1.37B | +19% | +2% | -3% | n/a | -1.1% | +17.6% |
| Shenzhen Kingdom Sci-tech 600446.SS | China | $1.41B | -27% | -22% | -6% | 177.0× | n/a | n/a |
| Transwarp Technology Shanghai 688031.SS | China | $1.35B | -45% | +27% | -49% | n/a | n/a | n/a |
| Hangzhou DPTech Technology 300768.SZ | China | $1.35B | -19% | -3% | 5% | 42.3× | 34.9% | +6.5% |
| NCR Voyix VYX | United States | $1.35B | +17% | -5% | 7% | 9.9× | n/a | n/a |
| Alkami Technology ALKT | United States | $1.44B | -25% | +24% | -5% | 13.1× | 12.6% | +31.7% |
| Mech-Mind Robotics Technologies 9615.HK | Hong Kong | $1.34B | n/a | +45% | -41% | n/a | n/a | n/a |
| WeRide 0800.HK | Hong Kong | $1.33B | -47% | +109% | -221% | n/a | n/a | n/a |
| SHIFT UP 462870.KS | South Korea | $1.33B | -4% | -12% | 56% | 13.3× | -12.9% | +59.7% |
| Amagi Media Labs AMAGI.NS | India | $1.32B | +30% | +30% | 3% | 60.2× | n/a | n/a |
| EverCommerce EVCM | United States | $1.45B | -31% | -7% | 13% | 11.7× | 11.6% | +11.8% |
| NextNav NN | United States | $1.45B | -56% | -36% | -1,900% | n/a | n/a | n/a |
| GO Inc. 581A.T | Japan | $1.45B | n/a | +32% | 17% | 21.9× | 34.7% | +31.9% |
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 16.6× | -10.9% | +12.2% |
| Systex 6214.TW | Taiwan | $1.46B | +54% | +34% | 3% | 16.6× | -12.4% | +13.1% |
| PearlAbyss 263750.KS | South Korea | $1.47B | -44% | +114% | 40% | 7.1× | n/a | n/a |
Playtech has 1 bond outstanding with $390M face value. The agencies rate it BB-; its bonds trade like BB-. Weighted yield 5.74%, a spread of 272 bp over government bonds.