Aspire Global achieve record revenues and EBITDA in 2017

iGaming solutions provider Aspire Global revealed a solid performance in its recent fourth quarter report which set the stage for record revenue and EBITDA for the full year 2017 period.

Key performance markets for full year 2017 include:

– Revenues up 18 percent to EUR 71.9 million (2016: Euro 61 million)

– 24 percent increase in B2B Revenues which amounted to Euro 37.1 million (2016: Euro 30 million)

– EBITDA increased by 25 percent to Euro 14.3 million (2016: Euro 11.4 million)

– EBITDA margin increased to 20 percent (2016: 19 percent)

– EBIT increased by 22 percent to Euro 13.0 million (2016: Euro 10.6 million)

– Earning after tax amounted to Euro 12.3 million (2016: Euro 11.6 million)

– First Time Depositors (FTDs) increased 37 percent to 246,000 (2016: 179,400)

Aspire Global CEO, Tsachi Maimon, said:

“2017 was a game changer for Aspire Global. We went from being a private player to becoming a public listed company, from having a few key accounts to widening of our customer base, and finally from general expansion to further strengthening our focus on regulated markets.”

The company is pinning continued momentum on the recent addition of its sports betting vertical and several upcoming B2B launches through Mr Play and Nossa Aposta in Portugal.

“Sports is a central pillar of the company’s long-term growth plan and through this addition, including unique features, we become the first provider of a full turnkey solution to sports betting operators well in time for the World cup, let alone with access to six regulated markets,” Maimon added.

Aspire’s Board of Directors has proposed a divdiend of SEK 0.85/share to be paid for the 2017 financial year.