Acroud reports 75% Q1 revenue increase to €5.6m

Acroud has reported a 75% increase in Q1 2021 revenue to €5.6m as the affiliate continues to execute its diversification strategy. EBITDA for the period amounted to €1.4m, while adjusted EBITDA before special items affecting comparability related to acquisitions and new share issues hit €1.6m. Profit after tax came in at €748,000 while earnings per share after dilution amounted to €0.006. New Depositing Customers (NDCs) climbed to 31,787 for the first quarter amid an increase of 230%. Acroud has diversified outside of traditional comparison and news affiliate sites by investing in land-based live events, SaaS solutions and media content such as streaming on Twitch and YouTube. The Malta-based affiliate business has also been active in the M&A space this year after acquiring Power Media Group brands including Voonix, Matching Visions and Traffic Grid for €4.8m. In February, Acroud signed another letter of intent to purchase TheGamblingCabin for €4.7m, a fast-growing company that offers a software-based gaming tips service and streaming channels within sports betting, poker and horseracing. Acroud CEO Robert Andersson said: “It has been a very eventful quarter during which we have executed the communicated strategy with increased focus on growth, which is seen in increasing NDCs development. “This is one of the most important key figures and the development has been very strong, to a large extent as a result of acquisitions made and the synergies they entail. “We have developed Acroud from being a traditional comparison site affiliate company to owning a strong ecosystem in the media and affiliation industry. “We are taking big steps forward in high speed through an innovative and forward-leaning approach and we connect people, content creators and activities within the ecosystem,” he added.