Aspire Global Q4 revenues jump 27% after sportsbook launch
November launch of Mr Play brand helps platform provider to an EBITDA of 35% for Q4
Aspire Global today announced a 27% rise in Q4 revenues driven primarily by the November launch of its new casino and sports betting brand Mr Play.
The Malta-based provider reported Q4 revenues of €19.2m, up from €15.1m in 2016, while B2B revenues also increased by 40% to €10.3m.
Revenue growth sparked an EBITDA rise of 35% to €3.8m, despite the firm’s withdrawal from the Australian market in September 2017 due to regulatory changes.
“In the fourth quarter, we mobilised to compensate for the income loss from Australia through strong performance in our other markets, while finalising the upcoming launch of sportsbook,” said CEO Tsachi Maimon.
“The fourth quarter is usually our strongest quarter in terms of seasonality, but given the circumstances it was particularly pleasing that December became our best month ever for revenues,” he added.
Aspire Global launched Mr Play in November 2017, a fully regulated casino and sports betting brand through a joint venture with industry veterans.
The firm holds 40% of shares in the company, which generates its revenue by providing technology and core services.