Tag: TradeTech revenues

playtech offices
May 20, 2020 BY Steffy Bogdanova

Playtech benefits from market volatility, reports strong performance for its financial division TradeTech for Q1 2020

Playtech’s financial division TradeTech has benefited from the recent rise in market volatility and generated Adjusted EBITDA of over €45 million for Q1 2020, exceeding the company’s expectations for the business. TradeTech has also taken action to implement a more efficient balance sheet, which has released €10 million of cash that was previously tied up.…

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playtech offices
February 28, 2020 BY Valentina Kirilova

Playtech's financial division TradeTech reports a 30% YoY drop in revenue in 2019

Online gaming and financial trading giant Playtech PLC (LON:PTEC) has released its results for the year ended 31 December 2019. The company reported significant decrease in revenue in its financial division TradeTech Group (which includes CFH, Alpha, Markets.com), due to challenging market conditions in 2019. Group highlights include: Core B2B Gambling revenue growth of 15% vs. 2018 driven…

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