Acquisitions drive Raketech to revenue and profit growth in Q1
Published 13th May 2021
Revenue for the three months to 31 March amounted to €8.3m (£7.1m/$10.1m), up 26.6% from €6.5m in the corresponding quarter last year.
Raketech said this was driven by its acquisitions of igaming affiliate network Lead Republik in March last year, as well as US-facing affiliate website American Gambler in November. However, the affiliate said this was partially offset by a reduction in revenue following the disposal of the consumer finance assets to ROI Media UK in Q4 of 2020.
Casino revenue accounted for 82.5% of total revenue in the quarter, compared to 78.3% last year. Sports betting revenue represented 17.0% of the quarterly total, while other revenue was responsible for just 0.5% of all revenue in Q1.
Upfront payments contributed 42.8% of overall revenue in the quarter, ahead of revenue-share agreements on 40.5% and flat fees with 16.7% of total share.