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NEWS 21 November 2017

Aspire Global posts promising Q3 results

By Caroline Watson
Aspire Global has released its Q3 Interim report for 2017, posting an impressive revenue increase of 26% to €19.3m.

B2B revenue was up 31% to €10.1m, whilst profit (EBITDA) increased a whopping 44% compared with the same period a year prior, from €4.2m.

First time depositors during the first nine months of 2017 increased by 31% to 177,700. However, FTDs increased by an impressive 40% to 63,900 for the three month period.

Aspire Global Chief Executive Officer, Tsachi Maimon commented: “I am pleased to report yet another quarter of strong growth in both revenue and profit; quarter on quarter as well as year on year. We have also expanded our customer base, complementing original key accounts with a number of new partnerships that have quickly reached sizable levels.

“As we execute on our strategy; broadening our offering with new verticals (sport) and entering new regulated markets through strong local partnerships, we are well on our way of reaching double digit growth year on year.

“We continue to look actively for acquisition opportunities and new projects, allowing us to migrate popular casinos to our own platform or leverage our strong position in new profitable ways.

“An exciting example of such initiatives is our investment in Mr. Play in which we have identified an opportunity to team up with industry veterans with a proven track record.

“We will continue to actively look for other acquisition opportunities and in this context review our financing options, including different sources of debt financing.”

RELATED TAGS: Online | Financial | Industry
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