Revenue during the year’s second quarter increased 27.7% to €55.8m, buoyed by “good growth” across all segments. EBITDA increased 40.1% to €9.9m, driven by positive impacts from Pariplay and BtoBet.
Reflecting on the results, Aspire Global CEO Tsachi Maimon expressed his confidence in the supplier reaching its 2021 financial targets.
"We made significant progress in the quarter by growing our business with both existing as well as new partners in the US, Europe, Latin America and Africa. Taking into account our strong business momentum and deal flow, we are confident to reach our 2021 financial targets”, Maimon commented.
"Growth was particularly strong in the UK and Ireland as well as in region rest of world which reflects our successful expansion in the Americas as well as the consolidation of BtoBet. It is especially gratifying to note the strong organic growth taking into account that Q2 2020 was positively impacted by the pandemic", Maimon added.
Expanding on Aspire’s new sportsbook addition, Maimon commented: “BtoBet’s proprietary sportsbook is a key competitive advantage when talking to new as well as existing partners. In the quarter, we initiated the first projects where partner brands will replace their existing sports solution with the BtoBet sportsbook and in mid-August the first brand went live with BtoBet’s sportsbook on our platform.”
“We expect the shift of partner brands to the BtoBet proprietary platform to positively impact revenues and margins throughout 2021”, he concluded.
Source: GMB
