Online casino platform provider Aspire Global has reported a solid growth during the second quarter, announcing a 14% year-on-year increase in revenues.
The company’s revenues grew to €17.3m, rising from the €15.2m reported in the same period previous year.
This growth is primarily driven by the B2B-segment which increased by 19% in Q2 2017. This sector reached €8.9 m, compared to €7.5m generated in the same period last year. It also strengthened the company’s EBITDA by 29% to €3.6m.
In the January-June period, Aspire Global continued its positive results. During the Interim period, revenues increased by 9% year-on-year, rising to €33.4m, whilst B2B revenues jumped 12%, reporting €16.7 compared to the €15m generated last year.
Moreover, EBITDA was up by 11%, rising to €6.3m from the 5.6m reported in the first half of 2016. Remarkably, first-time depositors (FTDs) increased by 27%, reaching 114,000 FTDs in the first six months of this year.
In a corporate letter, Aspire Global CEO Tsachi Maimon expressed his gratitude over these financial results: “Both business segments had continued growth in deposits and revenues, especially the B2B-segment where previous year’s deals contributed significantly to growth and increase in profitability for the Group as a whole.
“By acquiring operators and migrating their brands to our own platform, we wish to increase revenue, scale benefits and cash flows which could finance the remaining stake in partially acquired targets.
“The company is now in a position to leverage on the strong platform and position established during the last few years to accelerate Aspire Global’s growth.”