Online gaming and white label software provider Aspire Global has reported a 27% year-on-year rise in its gaming revenues during the fourth quarter of 2017.
Announcing its financial results for the last quarter of 2017, the company revealed gaming revenue figures of €19.2m, topping the previous Q4 2016 revenue of €15.1m.
Revenues from its B2B operations increased by 40% year-on-year during the quarter, hitting a figure of €10.3m improving on the €7.3m received during Q4 2016.
Company EBITDA increased by 35% year-on-year during the quarter, rising to €3.8m from a Q4 2016 figure of €2.8m, while the number of first time depositors increased by 55% year-on-year to 68,000.
In a statement accompanying the results, Aspire Global CEO, Tsachi Maimon said: “In the fourth quarter, we mobilised to compensate for the income loss from Australia through strong performance in our other markets, while finalising the upcoming launch of Sportsbook. The fourth quarter is usually our strongest quarter in terms of seasonality, but given the circumstances it was particularly pleasing that December became our best month ever as for revenues.”
With financial reports for all quarters of 2017, the company was able to disclose its full year figures reporting an 18% rise in revenues, which increased to €71.9m during 2017.
B2B revenues grew by 24% year-on-year to €37.1m, while company EBITDA also rose by 25% to €14.3m. The number of first time depositors also increased by 37% to 246,100 during full year 2017.
Maimon added: “As we conclude 2017, we can see that our scalable offering and dedicated focus on B2B is really paying off, with an overall growth of 18% in revenue and 25% in EBITDA year-on-year. The B2B segment alone grew by 40%.”