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Q4 report: Raketech records $16.7m in revenue

Updated:2024-03-21 13:20    Views:207

In line with our previous projection, total revenue increased by 37% to €52.6m for the entire year.

This growth from sub-affiliation and affiliation marketing assets contributed to 23% organic growth. Sports income made up €4.2m, or 27% of overall earnings.

As predicted, adjusted EBITDA increased from the previous year to €6.3m, while the adjusted EBITDA margin fell from 46.0% to 40% because of market changes and product mix.

In the interim, shareholders will receive the board-approved dividend of €0.094 per share.

The Board has chosen to replace the present financial targets with near-term guidance for revenues, EBITDA and free cash flow to reflect Raketech's current business.

For 2023, Raketech expects sales, excluding acquisitions, will reach €60–65m,Casino games driven by strategic growth objectives. EBITDA is expected to be between €20m and €24m.

As a result of Raketech acquiring Casinofeber and Infinileads after the earnout period ended, operational costs of about €2m for the year are included.

With the combination of Casinofeber and Infinileads, free cash flow is expected to grow significantly to approximately  €11–13m, including roughly €6m.

Additionally, revenue was €5.0m in January 2023.

Oskar Muhlbach, Raketech CEO, said: “With our diversified portfolio within affiliation marketing, sub-affiliation and betting tips & subscriptions, we believe we are well-positioned to capture the many opportunities presented by the rapidly growing global digital gambling market.”

Fellow affiliates Catena Media and Better Collective also published their financial reports earlier today.



 




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