Recorded highs for Aspire Global
Second quarter results released by Aspire Global
Aspire Global has released their financial report for the second quarter. The report reveals strong results, with revenues increasing by 43%, while EBITDA improved by 58% – compared to the corresponding quarter last year.
Aspire Global attributed the growth to successful partnerships and a strong offering, with CEO Tsachi Maimon, saying “… we have improved our ability to focus our resources on the partners and brands with the highest potential and strongest performance. As for the offering, we continuously improve our solution, both in terms of quality and width of the solution, most recently through the upgrade to a more advanced platform system and the very promising launch of Sportsbook as well as higher efficiency in our data-driven tools. As a result, several B2B-brands are outperforming, along with higher activity for B2C.”
The second quarter was the first full quarter to include revenues from the sports vertical which immediately grew to nearly a tenth of the B2C-revenues and boosted the performance for the two partners who were live with Sportsbook, Goliath and Nossa Aposta. World Cup interest also impacted performance, with the company hoping to maintain momentum as the Champions league starts, along with European Club football.
Aspire Global has also signed an agreement with BetRegal, a sports operator that will be migrating to Aspire Global from a competing platform during the fourth quarter of 2018.
As for Karamba, Sportsbook is attracting a whole new audience to the proprietary brand. In the first six months, the company invested in a unique front-end for Sportsbook (including the tool for bet recommendation) as well as marketing around the launch. They also re-organized the team to realize the full potential of the brand, and the effect so far has exceeded our expectations.
Aller Media Denmark recently became one of the first Nordic media house to add an iGaming offering to their business through a partnership with Aspire Global. The deal was signed in April, and already in June the new brand Hyggespil.dk went live, offering a wide range of casino games.
“Everything we do, we do to enable our partners achieve their full potential”. In line with our vision, we continue to improve our offering by developing our turnkey platform, exploring additional verticals and expanding our game portfolio including proprietary game development. Furthermore, we continuously evaluate new partnerships as well as potential transactions, focusing on innovative partnerships in regulated markets. We recently submitted the application for a Swedish gaming license in line with this strategy. Being a company with stable growth and high ambitions, we also increase our efforts to communicate with the capital market. On September 13th 2018, we will be hosting our first Capital Markets Day in Stockholm where we are looking forward to meeting with many of our shareholders, analysts and media to present the company and the investment case more closely,” said Tsachi Maimon.
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