Acquisitions drive Raketech to revenue and profit growth in Q1

| By Robert Fletcher
Online affiliate and content marketing provider Raketech put a year-on-year rise in revenue and net profit during the first quarter of its financial year down to the impact of its ongoing acquisitions strategy.

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.

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