Aspire Global’s revenues continue to surge Interim Report for the Second Quarter 2018 – Continuing to Hit Record Levels

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Aspire Global, an iGaming solutions provider for the regulated markets like UK, Denmark, Belgium, Italy and Malta, continues to post strong financial reports. As per the interim financial report of the second quarter, the company’ revenues increased to €24.7 million, a rise of 43%.

The break-down of revenue results is as follows:

  • B2B Revenues increased by 39% to €12.4 million
  • EBITDA increased by 58% to €5.7 million
  • EBITDA margin amounted to 22.9%
  • EBIT amounted to €5.2 million
  • Earnings after tax from continued operations amounted to €5.3 million

The company attributed the surge in revenues to “the strong performance of several partner brands including Karamba, combined with a great interest in our sports solution that was launched in the first quarter.”

Tsachi Maimon, CEO Aspire Global, said:

“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. The World Cup contributed to the interest in our product and we hope to maintain momentum as the Champions league starts off in the coming month along with European Club football. We look forward to launching Sportsbook with additional partners going forward.”

Source: European Gaming Industry News

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.