Raketech revenue leaps 30% in Q3 2021
Affiliate firm sees non-Nordic and sports betting revenue rise year-on-year as operations diversify
Raketech has posted a 30.4% year-on-year (YoY) increase in revenue for Q3 2021 as the affiliate derived record revenue from non-Nordic markets.
The Malta-based firm recorded €9.6m (£8.2m) in revenue during the reporting period up from the €7.4m posted in Q3 2020.
Revenue from the group’s casino segment represented 83.5% of total revenue, while sports betting accounted for 16%.
Raketech’s sports betting segment increased its revenue proportion by 4.9% from Q3 2020, although casino slipped slightly by 2%.
In terms of geographical split, revenue from the non-Nordic segment reached an all-time high of 39.5% – up nearly 20% YoY.
Elsewhere, Raketech secured a 51% YoY leap in EBITDA from €2.9m in Q3 2020 to €4.4m in Q3 2021 with an improved margin of 46% compared to 39.8%.
However, new depositing customers decreased 18.4% from Q3 2020 to Q3 2021, dropping from 52,344 to 42,726.
Oskar Mühlbach, Raketech CEO, said: The world of igaming is potentially facing its most exciting time ever during which affiliation and performance marketing will play an absolute key role.
“With this in mind, and with confidence from our strong organic growth, recent acquisitions, our operational efficiency, scalable tech and our geographically well positioned asset portfolio, I am very much looking forward to accelerating growth investments to ensure we maximise the opportunity,” he added.