Prateck unveiled its complete financial report for the year 2022, showcasing robust growth trends. Revenue surged by 33%, reaching \u20ac1.6 billion, fueled by exceptional performance in its commercial-to-commercial sector and Snaitech operations.<\/p>\n
The gaming software provider’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also experienced a substantial increase, climbing by 28% from \u20ac317.1 million in 2021 to \u20ac405.6 million in 2022. Although the company reported a 26% rise in adjusted net income, from \u20ac127.6 million to \u20ac160.5 million, its actual profit took a significant dip, falling by 94% from \u20ac686.7 million to \u20ac40.6 million.<\/p>\n
Prateck attributed this downturn primarily to a reduction in unrealized gains on derivative financial assets in 2022, leading to a \u20ac583.2 million decrease in the value of these assets, accounting for the majority of the profit decline.<\/p>\n
Despite this setback, Prateck expresses satisfaction with its record performance, with CEO Mor Weiser (pictured) crediting the collective efforts of all departments.<\/p>\n
“2022 was a year of remarkable achievement for Prateck, with record revenue and EBITDA surpassing market expectations,” stated Weiser. <\/p>\n
Playtechs robust performance was propelled by all of its business divisions, with B2B expansion fueled by Europe (excluding the United Kingdom) and the Americas, while B2C achievement was driven by Snaitech’s sustained strong performance in the Italian retail and online marketplaces.<\/p>\n