‘Record’ first quarter for Aspire global as revenue rises 31.7%
Aspire Global reported the highest first quarter revenue in its history, as revenue rocketed in its most important markets.
First-quarter revenues rose 31.7% to €46.3m, which was a record for the business and EBITDA was up 18.7.% to €8.2m. EBIT increased by 13.6% to €5.6m. Earnings after tax increased by 4.7% to €4.8m.
Chief executive officer Tsachi Maimon said “we have a continued strong business momentum and the quarterly performance once again demonstrates the strengths of our offering and the capabilities of our highly motivated team. Aspire Global has set new records in the quarter with revenues of €46.3 million and EBITDA of €8.2 million.
I’m especially proud to see the progress we have made in the quarter in North America as well as in regulated European markets by adding tier 1-operators to our client list and being awarded additional certifications. Aspire Global has clearly established itself as a leading iGaming supplier in regulated markets.
Today, after the divestment of the B2C segment in December 2021, Aspire Global is a clearly focused B2B company. It should be noted, that the numbers we provide in this report have been calculated on a discontinued basis and the divested B2C operation is reported as a B2B partner and also based on proforma basis for the comparison period according to the agreed commercial terms. We hope this transparency will help to increase the understanding of the development of our B2B operation”.