Aspire Global sees H1 revenue rise by 34%; Maimon singles out BtoBet
Supplier Aspire Global saw Q2 revenue increase 28% year-on-year to €55.8m ($65.1m).
EBITDA also surged 40% to €9.9m, with the EBITDA margin increasing slightly to 17.7%.
Aspire Global’s Q2 earnings after tax, meanwhile, rose 54% to €6.9m.
As for H1, the provider’s revenue rise was even higher: a 34% growth to €103.9m, with EBITDA up 50% to €18.4m.
The EBITDA margin increased to 17.8% for the period, while H1 earnings after tax shot up significantly – 85% to €13.0m.
Reflecting on the results, Aspire Global CEO Tsachi Maimon expressed his confidence in the supplier reaching its 2021 financial targets.
Maimon said: “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.
“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.”
Btobet – a satisfying development
Maimon additionally singled out sports betting software BtoBet, which was acquired by Aspire Global last year.
He explained: “Just shortly after our acquisition of BtoBet last fall, BtoBet announced a deal with Betfair in Colombia. Betfair launched its sportsbook in Q1 2021 and we can now see a satisfying development in deposits which demonstrates BtoBet’s capabilities. This mutually rewarding collaboration can open up for other opportunities and is a good case study of how Aspire Global approaches tier-one operators.
“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 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.”
Back when Aspire Global reported its Q1 results, Maimon spoke exclusively to the GI Huddle, projecting several outcomes that have now come to fruition in the provider’s Q2 report.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
