In line with our previous projection, total revenue increased by 37% to €52.6m for the entire year.
This growth from sub-affiliation and affiliation marketing assets contributed to 23% organic growth. Sports income made up €4.2m, or 27% of overall earnings.
As predicted, adjusted EBITDA increased from the previous year to €6.3m, while the adjusted EBITDA margin fell from 46.0% to 40% because of market changes and product mix.
In the interim, shareholders will receive the board-approved dividend of €0.094 per share.
The Board has chosen to replace the present financial targets with near-term guidance for revenues, EBITDA and free cash flow to reflect Raketech's current business.
For 2023, Raketech expects sales, excluding acquisitions, will reach €60–65m, driven by strategic growth objectives. EBITDA is expected to be between €20m and €24m.
As a result of Raketech acquiring Casinofeber and Infinileads after the earnout period ended, operational costs of about €2m for the year are included.
With the combination of Casinofeber and Infinileads, free cash flow is expected to grow significantly to approximately €11–13m, including roughly €6m.
Additionally, revenue was €5.0m in January 2023.
Oskar Muhlbach, Raketech CEO, said: “With our diversified portfolio within affiliation marketing, sub-affiliation and betting tips & subscriptions, we believe we are well-positioned to capture the many opportunities presented by the rapidly growing global digital gambling market.”
Fellow affiliates Catena Media and Better Collective also published their financial reports earlier today.
