Raketech Q1 results: Adjusted EBITDA drops 52.9% amid restructuring efforts

Key points:

– Raketech has released its Q1 2025 results

– Revenue fell from €19m to €9.8m year-on-year

– Raketech is currently reviewing some of its non-core US assets due to their negative adjusted EBITDA impact

Raketech has released its financial results for the first quarter of 2025. In total, the affiliate generated €9.8m ($11.1m) in revenue, a significant decline from the €19m reported this time last year. Adjusted EBITDA was hit even harder, dropping by over 50% from €5.1m to €2.4m year-on-year.  

In part, this revenue figure can be attributed to a struggling performance by Casumba and challenges within its paid publisher network. Adjusted EBITDA was also affected by restructuring costs and partnerships undertaken by the affiliate. To remedy this, Raketech announced it is currently reviewing its non-core US tipster and subscription products, as these assets impacted adjusted EBITDA negatively by €0.3m.  

However, Raketech noted that its remaining casino and sports assets have been stable quarter-on-quarter. Moreover, following reviews of its operating model, Raketech has been able to save 34% on costs year-on-year, though this figure excludes publisher costs.  

Good to know: Raketech recently announced that it has adjusted its deal with the sellers of Casumba, extending the remaining earnout period to March 2028 

On the results, CEO Johan Svensson said: “Q1 2025 marked a period of strategic consolidation and operational focus for Raketech. Despite a year-on-year revenue decrease we have made good progress in aligning the business around our platform-first model and long-term growth priorities. 

“With AffiliationCloud now at the core of how we operate, and a strengthened financial position following key decisions, we are confident in our ability to scale efficiently and deliver sustainable value.” 

In the May/ June edition of Gambling Insider, we compared the FY24 results of several of the biggest affiliates, including Gambling.com, Better Collective and Catena Media. These results showed that, by a significant margin, Better Collective is leading the pack. Catena Media, meanwhile, has fallen from market dominance since 2020, following repeated losses in quarterly and annual results. 

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Beth Turner

Gambling Writer

Beth Turner is a journalist and Senior Staff Writer at Players Publishing, where she contributes news and feature content to leading B2B gaming titles, including Gambling Insider, Gaming America, Sports Betting Focus and Trafficology. Based in the London area, she has been part of the editorial team since October 2023, progressing to Senior Staff Writer in February 2025.

In her role, Beth covers key developments within the global gambling and iGaming landscape, producing insightful reporting on regulatory shifts, operator strategy, sponsorship trends and emerging market activity.

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