Aspire Global records all-time highest revenue in second quarter

Malta-based Aspire Global has released its interim financial report for the second quarter of 2021, revealing an all-time record high revenue of €55.8 million, 27.7 per cent higher than in the same period a year earlier.

EBITDA also increased significantly rising by 40.1 per cent, to hit €9.9 million. These figures brought the group's earnings after tax to €6.9 million, up from €4.5 million a year before.

These promising figures were driven by a strong development in all segments and the acquisition of BtoBet, a leading sportsbook provider, in September 2020.

Revenues from Aspire's B2B offering also increased majorly, climbing 24.4 per cent from Q2 2020, with organic growth of 16.2 per cent.

During the period, the group was also pleased to receive a licence to offer games in Greece, meaning it now operates in 30 regulated markets.

Looking to the future, Aspire's CEO Tsachi Maimon provided an optimistic outlook: "Aspire Global has consistently demonstrated its ability to execute its growth strategy and create value. We see tremendous growth opportunities by expanding with existing partners, gaining new partners and entering new markets.

"Aspire Global's financial targets for 2021 are €200 million in revenue and €32 million in EBIDTA which implies an EBITDA margin of 15 per cent. Taking into account our strong business momentum and deal activity, we are confident that Aspire Global will reach its 2021 financial targets."

The figures come after a strong first quarter for Aspire, meaning the company has had a very promising first half of the year.

In the six months ending with June, revenues increased by 34.2 per cent compared to the same period a year earlier to hit €103.9 million and earnings after tax rose 84.9 per cent to hit €13 million.