UK's Playtech forecasts 2026 profit beat on strong US, Latam growth

July 9 (Reuters) - 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% 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% 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)

(Reporting by Neeshita Beura in Bengaluru; Editing by Eileen ‌Soreng)

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