Great News For Playtech As Revenue Is On The Increase

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Great News For Playtech As Revenue Is On The Increase

Published on 7th March 2016 by Becky Mosley

Software developers Playtech have revealed a huge growth in revenue last year, following a year-on-year increase of 38% to £490 million.However, in 2015 Playtech’s revenue increased by 22% with revenue reaching over £200 million in a single year. The overall net profit from this revenue is about £150 million year-on-year, an 8% rise. Great News For Playtech As Revenue Is On The Increase

POC Tax

This is particularly exciting considering Playtech’s net profits were down 3% at one point due to regulatory adjustments like Point of Consumption which is now part of the company’s cashflow. Regardless, Playtech still earned £668 million in 2015.

Gaming Revenue Growth

The increase is partly due to Playtech’s gaming division, which exceeded the companies’ online business in 2015. All gaming revenue grew by 36% from 2014 due to Playtech’s impressive game portfolio, which will only expand now due to these impressive financial gains.