“Aspire Global had continued growth during the second quarter; revenues increased by 14% to EUR 17.3 million (15.2), primarily driven by the B2B-segment which delivered impressive growth (19%) and strengthened company EBITDA by 29% to EUR 3.6 million (2.8)”, says CEO Tsachi Maimon.
Significant events during and after the second quarter
Aspire Global had continued growth during the second quarter; adding 60.3 thousand new users (FTDs) and two new partners as well as completing a comprehensive overhaul of our proprietary brand Karamba.com. In addition, five new brands were launched and four additional casino brands were migrated to our own platform. Revenues for the second quarter increased by 14% to EUR 17.3 million (15.2), primarily driven by the B2B-segment which delivered impressive growth and strengthened Company EBITDA by 29% to EUR 3.6 million (2.8).
A new chapter
Aspire Global’s story began over a decade ago; as a B2C gaming brand. Today, we offer a unique B2B solution; operating with six licenses and more than 60 iGaming brands, with 140 dedicated employees in Malta and Israel. We are appreciated for our result focused approach; most recently demonstrated during the intense IPO-process where we put vigorous efforts in to presenting Aspire Global to potential investors in the Swedish capital market. The response was overwhelming and I believe the excessive interest for subscribing to our shares confirms a high level of confidence in our strategy, unique offering and strong potential. We will do are foremost to meet the great expectations, starting with the second quarter performance.
Continued strong growth
Both business segments had continued growth in deposits and revenues, especially the B2B-segment where previous year’s deals contributed significantly to growth and increase in profitability for the Group as a whole. We launched five new brands and migrated four additional casino brands from two competing platforms to our own platform. These brands now operate at full capacity, demonstrating the strength of our platform, which is promising for similar events going forward. We also completed the initial integration of Minotauro Media; our first acquisition in which we obtained a stake of 30%. By acquiring operators and migrating their brands to our own platform, we wish to increase revenue, scale benefits and cash flows which could finance the remaining stake in partially acquired targets. We continue the integration of Minotauro Media, while staying open to similar attractive opportunities in line with our strategy.
Since 2014 Aspire Global has focused on strengthening its position within the industry by developing and improving its B2B offering as well as growing the proprietary brands. Aspire Global has during this time managed to generate strong growth with very limited marketing expenditure towards new partners; achieving a compound annual growth rate in deposits of 30% and Net Gaming Revenue (NGR) of 22% since 2013. The company is now in a position to leverage on the strong platform and position established during the last few years to accelerate Aspire Global’s growth; organically and through M&A. We are pleased to welcome so many new shareholders on this journey.
Tsachi Maimon, CEO
For the complete report: http://www.aspireglobal.com/investors/financial-reports-and-presentations/
For further information, please contact:
Tsachi Maimon, CEO, Tel: +356-79777898 or email: firstname.lastname@example.org
Motti Gil, CFO, Tel: +972-73 372 3154 or email: email@example.com
About this information
Aspire global discloses the information provided herein pursuant to the Securities markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication by the contact person above at 08:00 am (CET) on August 31th, 2017.
About Aspire Global
Founded in 2005, Aspire Global offers a comprehensive iGaming solution for operators and white labels, including a complete suite of services for casino and sportsbook, multilingual CRM, payments and risk control, support call centre, VIP management, acquisition optimisation and a robust, market-leading platform. Aspire Global also holds licences in regulated markets including the UK, Denmark, Belgium, Italy and Malta. Aspire Global is listed on NASDAQ First North Premier under ASPIRE. Certified Adviser: Pareto Securities AB, Stockholm, Sweden.