Raketech reports 28% growth for Q2
Raketech Group’s Q2 2022 report shows revenue growth in its core portfolio of affiliation marketing, from €8.8m ($8.9m) to €11.3m.
US revenue amounted to €1.3m (up from €0.3m). Meanwhile, sports revenue totaled €3.5m (up from €1.3m); sports revenue represented 31% of total revenue for Q2.
Revenues from the recently launched Affiliation Cloud amounted to €0.2m, and adjusted EBITDA amounted to €4m (from €3.4m), corresponding to a margin of 35%.
In terms of operational highlights, the report noted strong performances from most assets following the recent Google core update.
Oskar Mühlbach, Raketech CEO, commented: “Q2 of 2022 was yet another stable quarter for Raketech Group. Our core portfolio of affiliation marketing assets delivered results in line with Q1, despite challenging market conditions and low seasonality.
“Again, proving the strength of Raketech’s well-diversified asset portfolio, as well as our well-balanced vertical and geographical split. Total revenue for the quarter amounted to €11.3m, equivalent to a growth of 29%.”
He concluded: “I am very happy to see that our diversification strategy and strong operational delivery focus is paying off. Raketech is in a position where we are, not immune perhaps, but very resilient against sudden changes in the world around us.
“And not only are we resilient but also well positioned for growth with regards to products, markets, and different revenue streams on the ever-changing and growing global iGaming industry. With that said I am very much looking forward to the last part of this year.”
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