Acroud Q2 revenue up 9% as CEO refocuses on “building the future”

Strunge told investors: “[W]e have now entered a phase where our focus can shift more decisively towards sustainable earnings growth, cash generation and disciplined capital allocation.”

Adjusted EBITDA narrowed 15% YoY to €1.3 million from €1.6 million but representing an increase of 7% on the prior quarter.

The iGaming Affiliation segment delivered €5.1m in the quarter, 13% up YoY, with customer acquisition “particularly encouraging”, said Strunge, driven by 39,239 NDCs sent to igaming operator partners during the period.

“The opening stages of the World Cup created a significant acquisition opportunity, which our team executed strongly upon.”

Strunge echoed Gentoo CEO Jonas Warrer in stating monetisation during the tournament held across Canada, the US and Mexico “was somewhat below our expectations”, which Strunge put down to the high proportion of its customers being within European time zones out of alignment with the match schedule.

Revenue from Acroud’s other principal business segment, its portfolio of SaaS products including the Matching Visions network and the Voonix affiliate BI and stats platform, grew by 7% YoY to €6.9m. The network delivered 28,319 NDCs, up 84% on last year’s Q2 figure, which Strunge said “reinforces our confidence in the long-term potential of the segment”, despite EBITDA being 12% down on the comparative quarter at €512k.

The Board reaffirmed its confidence in the FY targets set out in July immediately following the quarter of EBITDA growth of 12% and a net-debt-to-adjusted-EBITDA ratio of below 1.25x by the close of FY28.

Strunge concluded: “We enter the second half of 2026 with strong momentum, two scalable operating segments, improving productivity, a broad project portfolio and a materially strengthened financial structure.

“With the restructuring phase behind us, our attention is shifting from repairing the past towards building the future.”