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Acroud posts positive Q2 and H1 results; 21% revenue growth

Acroud has published its Q2 figures, which showed revenue of €7.2m ($7.4m) and a 16% annual growth rate.

acroud q2 2022 gambling insider web image

Acroud has published its Q2 figures, which showed revenue of €7.2m ($7.4m) and a 16% annual growth rate.

The affiliate’s figures also show a €1.8bn ($1.86m) EBITDA increase, which is up 55% on the previous year.

These figures are stable but indicate a slowed growth when compared to Acroud’s Q1 report, which posted a 26% revenue increase on 2021.

However, the biggest news of the Q2 report is that Acroud has secured a re-financing of the company’s bond loan. Addressing its refinancing in the report, Acroud said: ‘In a period with very uncertain market conditions, we have successfully placed SEK 225m ($22.4m) of senior secured floating rate bonds to investors in the Nordics and continental Europe. Moreover, securing the refinancing gives us momentum to continue to develop Acroud with a focus on profitable organic growth and keep delivering on our strategic agenda.’

Acroud CEO Robert Andersson commented on the positive Q2 results, saying: “Over the past quarters, Acroud has transformed from a conventional player with comparison sites into a robust iGaming ecosystem offering both Affiliation services and B2B SaaS solutions within the Media and Marketing space.”

Adding: “This strategic remodelling has established our new solid structure to create a lower volatility business profile with more stable revenues and higher profitability. Subsequently, it is now when Acroud can accelerate into its high growth chapter, and I am pleased we have secured financing to continue to execute our strategy.”

Overall, the first 6 months of 2022 have proven good for Acroud, which has a growth rate of 21%, totalling €14.2m ($14.6m) in total revenue.

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