The revenues of Aspire Global, an iGaming platform founded in 2005 and offering comprehensive iGaming solutions to most ambitious casino and sports betting brands, demonstrated strong growth in the fourth quarter of 2017. The company is involved in providing first-grade gaming industry experience and creating package solutions for companies eager to get their foot in the door of the gambling market, handling all and any day to day operations while allowing the clients focus on other things that matter.
ASPIRE GLOBAL: 27% BOOST IN REVENUES FOR THE FOURTH QUARTER OF 2017
In its public report for the fourth quarter of 2017 the company showed a 27% increase, having earned €19.2 million, which is quite an impressive increase compared to the €15.1 million in the fourth quarter of 2016
B2B OPERATIONS: 40% REVENUE INCREASE
The company’s revenues from business-to-business operations demonstrated an even more impressive growth, increasing by a hefty 40% compared to the same period last year. In specific figures, those operations earned the company €10.3 compared to the €7.3 million in the fourth quarter of 2016.
EBITDA – 35% INCREASE IN THE LAST QUARTER OF 2017
The so-called EBITDA earnings (abbreviation for Earnings before Interest, Taxes, Depreciation, and Amortization) are 35% higher in the last quarter of the year as well. Tsachi Maimon, the company’s Chief Executive Officer, said they managed to compensate for the loss of revenues from the Australian market by strengthening their performance in the other markets while also launching Sportsbook. Usually, any company’s fourth quarter is always the most profitable due to the seasonality of the business, and the CEO said he was very pleased to have reached their all-time high in December.
18 % Rise in Income for All Quarters of 2017
For the entire year, the Aspire Global Company reported an 18 % rise in revenue, which, based on last year’s results, will mean €71.9 million in 2017.
The company enjoyed a great boost in the number of first-time depositors – a 37% increase to a total of 246,100 during 2017. The company’s EBITDA grew by 25% to €14.3 million in 2017, while the B2B revenues increased by 24% to €37.1 million compared to 2016.
Here are the official results published by the company’s website:
* Basic earnings per share after tax, from continued operations, adjusted for Aspire Global’s share in the results of associated companies amounted to 0.07 EUR and 0.27 EUR for the fourth quarter of 2017 and full year 2017, respectively.