B2B sector drives 14% revenue growth in Q2 for Aspire Global
Egaming solutions firm plans to accelerate growth through M&A after strong Q2 results
Aspire Global has announced a revenue increase of 14% for Q2 to £15.9m.
The egaming solutions company attributed the rise in revenues to strong performance in its B2B sector which delivered impressive growth of 19%.
EBITDA also rose 29% to £3.3m for the second quarter between April and June 2017.
Aspire Global completed an overhaul of its proprietary brand Karamba.com in Q2, while four casino brands migrated to its platform and five new brands were launched.
CEO Tsachi Maimon also said the firm added more than 60,000 new users and first time depositors in Q2.
“Since 2014, Aspire Global has focused on strengthening its position within the industry by developing and improving its B2B offering as well as growing the proprietary brands,” said Maimon.
“During this time we have managed to generate strong growth with very limited marketing expenditure towards new partners; achieving a compound annual growth rate in deposits of 30% and Net Gaming Revenue (NGR) of 22% since 2013.
“The company is now in a position to leverage on the strong platform and position established during the last few years to accelerate Aspire Global’s growth; organically and through M&A.”