Raketech revenues up two thirds on SEO strength
Affiliate says Swedish players are showing lower LTVs in newly regulated market
Raketech has reported a 66% rise in Q4 revenues to €7.6m, with organic growth of 50%.
Adjusted EBITDA increased by 122% to €4.5m on a margin of 59.3%, “well above financial targets” according to CEO Michael Holmberg.
Holmberg hailed the strength of the group’s SEO, meaning its core Raketech products continued to grow strongly.
“We are seeing improvements in ranking of our products and I believe we are in a strong position to further optimise going forward,” Holmberg added.
He said the group’s TV guides had proven “very popular” among the users.
“We have also exhibited steady growth for our latest products targeting the UK and Germany, and see traffic increasing for recently launched Esportsguide.com which targets the growing global esports market.
“The latter is yet another example of scalability within our product strategy – entering new markets or verticals with existing platforms,” Holmberg said.
In Sweden, Holmberg said re-regulation would have a “not dramatic” effect on revenues, adding: “The gaming sector as a whole in Sweden is in a phase of stabilisation post-regulation.
“January traffic levels were high, but with lower average deposit levels. LTVs (lifetime values) are expected to go slightly down in Q1.”
Full-year revenues increased 49% to €25.6m, with organic growth of 29.9%.
FY adjusted EBITDA increased 49% to €14.4m.