Playtech Raises H1 EBITDA Forecast to at Least €90M, Boosted by Caliente
Playtech has raised its financial outlook for the first half of 2025, now expecting at least €90 million in adjusted EBITDA. The upgrade is driven by strong B2B performance and a better-than-expected contribution from its associate, Caliente Interactive.

Strong B2B Momentum and Favorable Sports Results
In a trading update ahead of its full interim results, the global gambling technology provider announced its strong first-half performance. The company credited the positive results to good momentum across its core business-to-business (B2B) operations.
A key driver of the upgraded forecast was a surprisingly strong contribution from its associates, primarily the Mexico-based Caliente Interactive.
Playtech noted that Caliente benefited from “favourable sporting results” during the second quarter, a common industry tailwind that boosts operator profitability.
Adding to the positive news, Caliente has now declared and paid its first dividend to Playtech under their revised strategic agreement. This marks a significant milestone in the partnership, providing a direct and tangible cash return from the investment.
The strong performance from Caliente helped to significantly boost Playtech’s overall profitability, leading directly to the improved EBITDA forecast for the first half of the year.
Investing for Growth Amid Regional Headwinds
Looking ahead, Playtech reiterated its plans for increased investment in the second half of the year. The company will focus on funding growth opportunities in the key markets of the United States and Brazil, signaling a continued commitment to its global expansion strategy.
However, the company also reminded investors to remain “mindful of the headwinds in Brazil and Colombia” that it first flagged in a May trading statement. This suggests that while the first half was strong, challenges remain in certain Latin American markets.
Despite these planned investments and regional challenges, Playtech’s board remains confident in its long-term strategy. The company is increasingly focused on its role as a “predominantly pure-play B2B business,” meaning its core mission is to provide the platforms, content, and services that power other online gambling companies.
The full details of the company’s first-half performance and its future outlook will be presented by CEO Mor Weizer and CFO Chris McGinnis at the official interim results announcement on September 11, 2025.
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