Acroud prepares for M&A and US expansion to address Q3 struggles

Acroud prepares for M&A and US expansion to address Q3 struggles

Acroud - the affiliate marketing business formerly known as Net Gaming - has set out details of a number of growth initiatives, after revealing that it expects both its revenue and profit after tax to decline in the third quarter.

Published 13th October 2020

For the three months to 30 September, Acroud said revenue is likely to amount to €2.4m (£2.2m/$2.8m). This would represent a 31% year-on-year decline, and a 33% quarter-on-quarter drop.

Acroud, which rebranded from Net Gaming in July, said that the quarter had been challenging, primarily due to the ongoing effect of the novel coronavirus (Covid-19) pandemic.

For the period from March to May, Acroud saw a sharp rise in poker and casino traffic, as more players were diverted to these channels due to a lack of sports betting activity, caused by the cancellation of sports events around the world.

However, Acroud said this traffic slowed to a level similar to that before the pandemic, while sports betting’s recovery proceeded slowly than expected.

Read the full story on iGB.

Advertisement