Playtech (LON: PTEC) released on Thursday its annual financials for the year 2021, reporting a 12 percent jump in its revenue to €1.2 billion.
Other key financial metrics also came in solid for the period. The adjusted EBITDA for the period came in €317.1 million, which is 25 percent higher than the previous year, whereas the adjusted post-tax profit was 366 percent higher at €127.6 million.
The company also generated €686.7 million as reported post-tax profits from its continuing operations, compared to a loss of €73.1 million in the previous year. The reported diluted earnings per share came in at €2.2, while the adjusted figure came in 365 percent higher at 40.9 euro cent.
“Our full year results demonstrate the quality of Playtech’s technology and the momentum across the Group,” said Playtech’s CEO, Mor Weizer.
Growth in Every Division
Playtech is one of the largest gambling software providers based in London. Over the years, the company expanded its business in several other vertices and jurisdictions.
Revenue from its business-to-business (B2B
Business-to-Business (B2B)
Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturing sector.Most advanced products usually involve other companies’ products. For example, a home computer has a processor, wiring, motherboard, memory, and other components. Each of these products are effectively bundled together as a finished computer. The manufacturer of the finished computer purchases these components from various suppliers and in turn integrates them within the final product.Subsequently, when buying an ASUS or Dell computer, you are purchasing parts that were created by multiple companies globally.As such, B2B sales have become an important part of every industry’s supply chain.B2B Within the Financial Services SectorWithin the financial services space, B2B partnerships are common, often involving brokerages, technology providers, and other entities.Like manufacturing or other industries, brokers rely on several different pieces to offer services to retail clients.This exchange commonly includes products or services such as technology, platforms, marketing, liquidity, among others. Companies can also offer white labeling services in a further bid to expand B2B partnerships.Additionally, B2B space has also advanced in recent years, such that companies can now purchase entirely out-of-the-box solutions, handling responsibilities of a brokerage.
Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturing sector.Most advanced products usually involve other companies’ products. For example, a home computer has a processor, wiring, motherboard, memory, and other components. Each of these products are effectively bundled together as a finished computer. The manufacturer of the finished computer purchases these components from various suppliers and in turn integrates them within the final product.Subsequently, when buying an ASUS or Dell computer, you are purchasing parts that were created by multiple companies globally.As such, B2B sales have become an important part of every industry’s supply chain.B2B Within the Financial Services SectorWithin the financial services space, B2B partnerships are common, often involving brokerages, technology providers, and other entities.Like manufacturing or other industries, brokers rely on several different pieces to offer services to retail clients.This exchange commonly includes products or services such as technology, platforms, marketing, liquidity, among others. Companies can also offer white labeling services in a further bid to expand B2B partnerships.Additionally, B2B space has also advanced in recent years, such that companies can now purchase entirely out-of-the-box solutions, handling responsibilities of a brokerage.
Read this Term) division grew by 11 percent to come in at €554.3 million. Its business from the Americas also jumped by 64 percent last year. Meanwhile, the company continued to increase its presence in the United States, Latin America and also in Europe.
The total B2C revenue came in at €663.7 million, higher from €596.3 million in the previous year. The adjusted EBITDA from this division stood at €177.9 million.
“Our strong performance is underpinned by our B2B business, in particular the tremendous growth we have seen in the Americas. We have made real progress in the execution of our US strategy, supported by new licences, new launches and new partnerships, and we continue to go from strength to strength in Latin America, buoyed by new strategic agreements across the region,” Weizer added.
Playtech (LON: PTEC) released on Thursday its annual financials for the year 2021, reporting a 12 percent jump in its revenue to €1.2 billion.
Other key financial metrics also came in solid for the period. The adjusted EBITDA for the period came in €317.1 million, which is 25 percent higher than the previous year, whereas the adjusted post-tax profit was 366 percent higher at €127.6 million.
The company also generated €686.7 million as reported post-tax profits from its continuing operations, compared to a loss of €73.1 million in the previous year. The reported diluted earnings per share came in at €2.2, while the adjusted figure came in 365 percent higher at 40.9 euro cent.
“Our full year results demonstrate the quality of Playtech’s technology and the momentum across the Group,” said Playtech’s CEO, Mor Weizer.
Growth in Every Division
Playtech is one of the largest gambling software providers based in London. Over the years, the company expanded its business in several other vertices and jurisdictions.
Revenue from its business-to-business (B2B
Business-to-Business (B2B)
Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturing sector.Most advanced products usually involve other companies’ products. For example, a home computer has a processor, wiring, motherboard, memory, and other components. Each of these products are effectively bundled together as a finished computer. The manufacturer of the finished computer purchases these components from various suppliers and in turn integrates them within the final product.Subsequently, when buying an ASUS or Dell computer, you are purchasing parts that were created by multiple companies globally.As such, B2B sales have become an important part of every industry’s supply chain.B2B Within the Financial Services SectorWithin the financial services space, B2B partnerships are common, often involving brokerages, technology providers, and other entities.Like manufacturing or other industries, brokers rely on several different pieces to offer services to retail clients.This exchange commonly includes products or services such as technology, platforms, marketing, liquidity, among others. Companies can also offer white labeling services in a further bid to expand B2B partnerships.Additionally, B2B space has also advanced in recent years, such that companies can now purchase entirely out-of-the-box solutions, handling responsibilities of a brokerage.
Business-to-business (B2B) represents an interaction in which one business makes a commercial transaction with another. B2B also reflect supportive enterprises that offer or exchange elements that businesses need to operate and grow.In essence, B2B encompasses companies focused on selling products or services to other businesses rather than to consumers – Business-to-Consumer (B2C).Ultimately, B2B companies can be a part of any industry. These is a common market in any technology or manufacturing sector.Most advanced products usually involve other companies’ products. For example, a home computer has a processor, wiring, motherboard, memory, and other components. Each of these products are effectively bundled together as a finished computer. The manufacturer of the finished computer purchases these components from various suppliers and in turn integrates them within the final product.Subsequently, when buying an ASUS or Dell computer, you are purchasing parts that were created by multiple companies globally.As such, B2B sales have become an important part of every industry’s supply chain.B2B Within the Financial Services SectorWithin the financial services space, B2B partnerships are common, often involving brokerages, technology providers, and other entities.Like manufacturing or other industries, brokers rely on several different pieces to offer services to retail clients.This exchange commonly includes products or services such as technology, platforms, marketing, liquidity, among others. Companies can also offer white labeling services in a further bid to expand B2B partnerships.Additionally, B2B space has also advanced in recent years, such that companies can now purchase entirely out-of-the-box solutions, handling responsibilities of a brokerage.
Read this Term) division grew by 11 percent to come in at €554.3 million. Its business from the Americas also jumped by 64 percent last year. Meanwhile, the company continued to increase its presence in the United States, Latin America and also in Europe.
The total B2C revenue came in at €663.7 million, higher from €596.3 million in the previous year. The adjusted EBITDA from this division stood at €177.9 million.
“Our strong performance is underpinned by our B2B business, in particular the tremendous growth we have seen in the Americas. We have made real progress in the execution of our US strategy, supported by new licences, new launches and new partnerships, and we continue to go from strength to strength in Latin America, buoyed by new strategic agreements across the region,” Weizer added.
Source: https://www.financemagnates.com/fintech/news/playtech-sees-12-jump-in-2021-revenue-profit-soars/