Aspire Global reports 32% Q2 revenue rise as H1 2019 growth slows
Egaming firm reiterates focus on B2B after the Q2 acquisition of Pariplay aggregation platform
Aspire Global today reported a 32% year-on-year increase in Q2 revenues to €32.8m despite a sequential slowdown in growth.
Revenue growth for the second quarter was driven by the supplier’s B2B business, where revenues were up 58% to €19.5m, accounting for 60% of total revenues.
EBITDA for Q2 rose by 7% to €6.1m, while B2B EBITDA increased by 63% to €4.1m. First time depositors also increased 99,900 after a 23.6% rise.
Aspire Global’s share price was down 11% in early trading however following a significant slowdown in growth from revenue figures reported in Q1.
Overall H1 revenues hit €66.6m, a 53% increase, while H1 EBITDA reached €12.1m.
Aspire Global CEO Tsachi Maimon
Aspire Global CEO Tsachi Maimon said: “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.
“We are also excited about the upcoming launches together with our recent partners,” he added.
Maimon also reiterated the firm’s financial target of €200m in revenues by 2021.
Aspire Global acquired gaming aggregation platform Pariplay for £13m in Q2.