Aspire Global reports 32% revenue rise in second quarter

Business News

Aspire Global has reported a 32% year-on-year increase in Q2 revenues to by 32.1% to €32.8 million. B2B revenues increased by 57.5% to €19.5 million, constituting 59.6% of total revenues, while EBITDA increased by 7.2% to €6.1 million.

B2B continued to boost overall company growth for the second quarter to more than 30% compared to 2018. During the second quarter, the company announced a significant transaction and entered several exciting partnerships, followed by major launches over the past weeks.

Revenues for the past 12 months are now approaching €130 million with an EBITDA amounting to €25 million. The acquisition of Pariplay group will accelerate growth additionally and strengthen the B2B-business through external game sales, in line with the companies M&A-strategy.

We will continue to focus on B2B, entering additional new markets and extending the offering for some of our main brands to include more than one vertical (game category). We are also excited about the upcoming launches together with our recent partners, one of which is Apex Marketing and the other is Codere Group who will be expanding their online offering (Greenplay) to northern Europe over our platform. Codere is a publicly listed, leading Spanish gaming company operating casino games and sports betting both online and offline in Spain and South America.

Founded in 1980, they have created a strong brand awareness resulting in a sustained, profitable growth over the past decade. Last but not least, we look forward to begin the integration of Pariplay, welcoming the team of around 70 new game-experts to Aspire Global, which will help us to further boost B2B-growth, commented Tsachi Maimon, CEO.

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