Aspire Global revenue growth continues in Q3 despite pandemic
Aspire Global has reported a 20.7% increase in revenue to €40.1 million for the third quarter of 2020.
EBITDA increased by 25.7% to €6.6 million from Q3 2019 and the EBITDA margin improved. The EBITDA margin raised from 15.7% to 16.4% despite the impact by the increased revenue share from taxed and locally regulated markets of 60% in Q3 2019 to 71% in Q3 2020.
The company said B2B revenue growth was 32.9% from Q3 2019, driven by the attractiveness of our competitive iGaming offering along with our deep market know-how and expansion to markets outside of Europe. The markets adjusted towards more normal levels in the quarter after the positive impact from the pandemic in Q2 2020.
Commenting on the financial results, Tsachi Maimon, CEO of Aspire Global said: “We aim to become the world’s leading iGaming supplier” Aspire Global has recently passed several landmarks and is stronger than ever. With the acquisition of the leading B2B sportsbook provider BtoBet we are in the position to compete for any deal, anywhere and our recent wins with tier 1 operators prove the strength of our offering. Aspire Global’s good business momentum continued in the quarter with strong growth and improved EBITDA margin.