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Aspire Global reports 43% rise in revenue for Q1 2021

Aspire Global has reported revenue of €48.1m (£41.5m) for the first quarter of 2021, a 43% increase from the prior-year period.

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Earnings after tax increased by 140% year-on-year to €6.1m, while EBITDA increased by 64% to €8.2m. The EBITDA margin increased from 15.5% in Q1 2020 to 17.8% in Q1 2021, while earnings per share increased by 160% to €0.13.

The group said the increased revenue was driven by strong development in all segments, as well as the acquisition of BtoBet in September 2020. And the company’s US presence, meanwhile, was strengthened by its deals with Rush Street Interactive in New Jersey and with US-based platform provider GAN.

“We see tremendous growth opportunities for Aspire Global,” said Aspire Global CEO Tsachi Maimon. “With our complete iGaming offering, we will target both new customers and broaden our presence with existing partners.

“We have proven our ability to gain tier 1 operators as customers with names such as Rush Street Interactive, Betfair, William Hill and 888casino. The strategy to grow in regulated markets is proven efficient, and we will continue to license our offering in more regulated markets and enter new markets.

“We remain confident in our ability to deliver on our 2021 financial targets and are truly excited by Aspire Global’s future prospects.”

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