Acquisitions drive revenue up at Raketech in 2020

Acquisitions drive revenue up at Raketech in 2020

Online affiliate and content marketing provider Raketech has said the impact of its acquisitions during the past year helped to drive revenue up 23.0% year-on-year in its 2020 financial year.

Published 18th February 2021

Revenue for the 12 months through to 31 December 2020 amounted to €29.4m (£25.6m/$35.5m), up from €23.9m in the previous year.

Casino accounted for 85.1% of all revenue, compared to 68.4% in 2019, but sport’s share was down from 27.0% to 11.5%, with this area most impacted by the novel coronavirus (Covid-19) pandemic. Other activities accounted for the remaining 3.4% of revenue.

In terms of geographical performance, the share of total revenue generated in the Nordics was 80.4%, but this was down from 93.1% in 2019, whereas rest-of-world revenue share increased from 6.9% to 19.6%.

Raketech said the acquisitions it made in 2020 were a major factor in revenue growth, with all purchased assets delivering in terms of growth and anticipated industrial benefits.

Read the full story on iGB.