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FinancialIndustry

Raketech Group posts Q1 revenue of €12.7m, US revenue up 380%

Affiliate Raketech has posted total revenue for Q1 2022 of €12.7m ($13.4m), while its US revenue, which amounted to €2.4m, represented a growth of 380% from the prior-year period. 

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The company’s sports revenues amounted to €4.3m for the quarter, equivalent to 34% of total revenue attained. 

Raketech also noted an organic growth rate of 7%, while Q1 EBITDA amounted to €5.1m, corresponding to a margin of 40%. 

The affiliate group notes that Q1 was positively impacted by its ability to continue the growth of its partners, Infinileads and QM Media, something the company claims “highlights its ability” to grow acquisitions by exchanging best practices, optimising commercials and providing access to analytics and tech resources. 

Raketech has also completed its “Affiliation Cloud” in-house development this quarter; an online shop that provides external affiliates with commercials and a media library.  

Furthermore, the affiliate's statement reveals that Clare Boynton and Pierre Cadena have both been nominated to join Raketech’s Board of Directors. 

The CEO of Raketech, Oskar Mühlbach, commented: “The first quarter of 2022 was yet another revenue record for Raketech Group, many thanks to our recent ATS acquisition that contributed with substantial and essential US revenues. During the quarter, [the US] was neck on neck with Sweden as Raketech’s largest market, showcasing a growth of 380% in absolute terms year-over-year. 

“I am furthermore pleased to see that our previous 2021 acquisitions, QM media and Infinileads, [are] targeting markets such as India, the South of Europe and the US. New markets continued to show growth in the span of 35-85%."

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