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Raketech interim report Q3 2018

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Raketech interim report Q3 2018Reading Time: 3 minutes

 

THIRD QUARTER 2018

  • Revenues increased by 42.3% to EUR 7.0 million (EUR 4.9 million)
  • Organic growth amounted to 28.6% (32.6%)
  • Adjusted EBITDA increased by 45.2% to EUR 4.1 million (EUR 2.8 million), corresponding to a margin of 58.7% (57.1%)
  • Adjusted operating profit amounted to EUR 3.7 million (EUR 2.6 million), corresponding to a margin of 52.4% (53.6%)
  • Profit for the period amounted to EUR 1.7 million (EUR 1.6 million)
  • Earnings per share amounted to EUR 0.05 (EUR 0.07) before dilution
  • NDCs (New Depositing Customers) increased by 49.0% to 26,837 (18,010)

FIRST NINE MONTHS OF 2018

  • Revenues increased by 43.0% to EUR 17.9 million (EUR 12.5 million)
  • Organic growth amounted to 22.6% (21.0%)
  • Adjusted EBITDA increased by 29.4% to EUR 9.9 million (EUR 7.6 million), corresponding to a margin of 55.1% (60.8%)
  • Adjusted operating profit amounted to EUR 8.9 million (EUR 7.2 million), corresponding to a margin of 49.7% (57.1%)
  • Profit for the period amounted to EUR 2.8 million (EUR 5.0 million)
  • Earnings per share amounted to EUR 0.10 (EUR 0.21) before dilution
  • NDCs (New Depositing Customers) increased by 21.6% to 63,599 (52,302)

EVENTS DURING Q3 2018

  • Interest-bearing liabilities of EUR 15 million were repaid to Ares Management as at 6 July 2018.
  • Raketech announces a new partnership with Sper that reinforces responsible affiliate marketing efforts in Sweden.
  • The earn-out conditions related to the casino affiliate site Casinofeber.se were amended as at 17 September 2018 and the earn-out period was extended until 2023. Management’s best estimate of the outstanding earn out liability as at 30 September 2018 amounted to EUR 9m.

EVENTS AFTER THE REPORTING PERIOD

  • Raketech launched betting community Urheiluveikkaus.com, a platform dedicated to providing high-quality sports betting content and expert betting tips to the Finnish market.
  • Interest-bearing liabilities of EUR 15.5 million were repaid to Ares Management as at 1 October 2018 with effective date of 3 October 2018.
  • Tax refund of EUR 0.7 million was received as at 30 October 2018.
  • Esportsguide.com was launched on 16 November 2018.
  • Raketech announces a new partnership with Trustly to be able to offer a new in-Banner Pay N Play technology across its online gaming products on 21 November 2018.

CEO MICHAEL HOLMBERG COMMENTS THE QUARTER

“I am happy to announce another quarter with strong growth and high profitability, driven by our clear focus on organic growth. Revenues for the third quarter amounted to EUR 7.0 million, an increase of 42 percent compared to the corresponding quarter last year. The organic revenue growth amounted to 29 percent. Growth compared to the second quarter was 16 percent. Adjusted EBITDA amounted to EUR 4.1 million, corresponding to an EBITDA margin of 59 percent.

The strong organic growth was achieved by our strategy to capitalise on our existing assets (which we refer to as Raketech Core). Over the past couple of years, we have invested in building a scalable business model. We have developed new technical platforms and data analysis tools, and we see it starting to pay off. With this foundation, we are not only well-equipped to grow our existing products in Raketech Core, but we are also in an excellent position to innovate and roll out new products from Raketech Lab (new innovative services built in-house or via partnerships).

We are well prepared for the upcoming regulation of the Swedish gaming market and I am confident that Raketech will maintain a strong position in Sweden when regulation comes into effect on 1 January 2019. We have re-negotiated terms with our partners and secured new partnerships with large gaming operators entering the Swedish market for the first time.

We are pleased with our achievements in the last quarter and have maintained the momentum into the fourth quarter with some exciting product launches and new partnerships. We are on course to meet our targets for the remainder of the year.”

PRESENTATION FOR INVESTORS, ANALYSTS AND THE MEDIA

CEO Michael Holmberg and CFO Andreas Kovacs will present the report and answer questions in an audiocast at 9.00 a.m. CET on 22 November. The presentation will be held in English and can be followed online via https://tv.streamfabriken.com/raketech-q3-2018. To participate by phone, please dial +46 8 566 42 691 (SE) or +44 203 00 898 10 (UK).

 

 

About Raketech Group 

Raketech is a leading online affiliate and content marketing company, with expertise in delivering SEO, online guides, communities and social media products in primarily the Nordic region and the UK. Through some 20 flagship brands, Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high quality traffic and leads to its partners. Raketech grows both organically and via acquisitions, and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company’s shares are listed in Nasdaq First North Premier with ticker RAKE. Erik Penser is the company’s Certified Adviser. For more information, visit www.raketech.com.


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Racing1 offers up Coldplay Concert Tickets in free-to-play Wagering Competition at its ICE Barcelona stand

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Racing1, the new name for the Strategic Alliance between 1/ST CONTENT, ARC, RMG and Tabcorp, is launching a daily a free-to-enter Wagering Competition at its ICE Barcelona stand next week to bookend each day at the must-attend summit with a fun and engaging event whose prize fund includes x6 Coldplay tickets for their upcoming concert in London.

To celebrate the rollout of its much-anticipated Racing1 Markets iFrame, the definitive plug-and-play racing solution for any worldwide operator, all ICE delegates who visit Stand 5E38 are invited to enter this F2P Wagering Competition to secure an opportunity to trade their way into the daily Winner’s Circle.

After simply registering their email address with Racing1 via the new iFrame landing page, all participants will be challenged to make the most profit from a theoretical €100 bank over a half-hour slot of rapid-cycling horse and greyhound races. Each day, prizes are headlined by an exclusive set of tickets to see an upcoming Coldplay concert at Wembley in the summer of 2025 (as guests of Racing1), alongside a range of €100 / €50 Amazon vouchers for the runners-up.

By asking industry professionals to pit their betting wits against one another every day at Stand 5E38 on each afternoon’s races, this competition affords delegates a convenient venue at which to enjoy a drink with their friends and colleagues while the action unfolds, and their respective bank balances rise and fall. A live leaderboard will also be available on the stand to foster deeper engagement in this daily battle for bragging rights.

Play Racing1’s Wagering Competition:

  • Register on the day by using Racing1 Markets’ iFrame entry mechanism
  • Wagering Competition runs for approx 30 mins daily across 7 horse and greyhound races
  • Entries can be made at any time during each day prior to that 30-min racing window
  • €100 balance asks player to spin up their balance
  • Winner will be the entrant with the most profit after the last race
  • Live-leaderboard balances updated in real-time after every race to encourage some healthy competition!

Jack Whitaker, spokesperson for Racing1 and Commercial Manager at ARC, said: “We’re making a big splash at ICE this year, as our flagship Racing1 alliance makes its conference debut alongside its new breakthrough iFrame. Needless to say, we’re keen for as many people as possible to stop by Stand 5E38, say hi and check it out. And this Wagering Competition seems like an ideal way to complement that by creating an engaging game and a relaxed destination at which to unwind and enjoy a bit of racing at the end of each day. After all, it’s usually a hectic step-count day walking the huge halls of the Fira Barcelona Gran Via centre!

“Moreover, it’s just a fun exercise that captures the excitement and enjoyment of what our 24/7 product offers, showcasing live racing as a valuable betting proposition for both existing customers and those who may not have integrated racing before. Get in touch, or simply pop by towards the end of the day to be in with a chance of winning our star prize of a pair of Coldplay tickets every afternoon or, if you’re one of the runners-up, some Amazon vouchers!”

The post Racing1 offers up Coldplay Concert Tickets in free-to-play Wagering Competition at its ICE Barcelona stand appeared first on European Gaming Industry News.

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DATA.BET Reflects on 2024 Milestones, Growth, and Achievements

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With the start of the year behind, the company reflects on the key milestones.

Business Development

In 2024, the company experienced significant expansion, reflecting the increasing demand for progressive esports betting solutions. The total volume of bets processed grew by 74.2%, aided by the efficiency and dynamic scalability of the company’s trading team, alongside new collaborations from partners and clients. Otto Bonning, Head of Sales, said: “Our new partnerships with companies such as Altenar, NuBet, Airhead Ventures, and TurboStars have significantly strengthened the portfolio. These collaborations demonstrate our expanding influence and commitment to delivering exceptional solutions in the esports betting industry”. Clients also experienced an improvement in GGR, demonstrating the impact of the solutions on profitability.

The company’s user engagement rates also reflected the sizable uplift seen in 2024, with active users rising by 97.3% and average bet size increasing by 7%. Meanwhile, DATA.BET continued to broaden its presence in key markets, including Canada, Brazil, Finland, and Poland, further strengthening its global reach.

 

Esports Trading and Content Coverage

DATA.BET focused on strategic growth, enhancing its esports content to offer prosperous and dynamic opportunities for clients and their users.

Making focused improvements in popular markets resulted in growth. “We’ve expanded our offerings by adding 38 new markets, creating more opportunities for bettors and driving engagement,” said Thomas Donson, Head of Trading. “Our event coverage has also grown by 11%, adding over 10,000 events to ensure a more diverse and comprehensive experience. Ensuring 24/7 trading process, DATA.BET offers the highest quality market availability.”

The trust earned through high-quality product features, including the new Scoreboard and Pitch Tracker widgets, as well as the Bet Builder based on official data, all launched in 2024, has been instrumental in enhancing the customers betting experience. Scoreboards deliver detailed statistics, interactive visualizations, and comprehensive insights, helping users make informed decisions while boosting engagement through features like live betting, analysis, and availability for LoL, CS2, Valorant, and Dota 2.

Pitch Tracker, supporting our top tier titles, offers a 2D map as a visual representation with advanced tools for data analysis and in-game tracking, delivering detailed insights that enhance user engagement and decision-making. Additionally, the Bet Builder enables personalized betting by allowing users to combine multiple selections into a single wager, meeting the demand for tailored and dynamic betting experiences.

DATA.BET also broadened the scope of disciplines, adding 6 new games, such as Deadlock, Street Fighter 6, GeoGuessr, Teamfight Tactics, Hearthstone, Apex Legends, complementing client content with distinctive choices that amplified diversity and engagement.

 

Customer Support & Risk Management

The company provides a seamless customer experience and robust Risk Management, continuing to deliver swift and practical assistance.

With an average response time of up to 5 minutes, the dedicated team remains extremely efficient, addressing client concerns promptly while maintaining the highest quality standards. Between Q2 and Q4, handled around 1,500 client requests and completed more than 150 technical tasks effectively and precisely, ensuring high-quality 24/7 support and maintaining consistent service standards.

This is due to our proprietary trading platform that enables the generation and customization of content – specifically, markets – to align precisely with each partner’s distinctive requirements while accommodating their existing settlement rules. This approach ensures a seamless transition to the solution, eliminating the need for adjustments or reconfiguration after working with a previous data provider.

DATA.BET’s Risk Management team efficiently handled over 1,700 client requests. Over time, the number of requests from long-term clients noticeably decreased. The team’s familiarity with clients’ audiences and operations reduces risks through proactive measures. By identifying patterns early, the team prevents issues, ensures smooth operations, reduces reactive interventions, and builds client trust while improving system efficiency.

In 2024, DATA.BET strengthened its presence in the esports betting industry by showcasing its solutions and engaging with audiences at premier exhibitions, immersing attendees into the vibrant world of esports. Moving into 2025, DATA.BET remains focused on leveraging this momentum to drive further success and prospects for everyone involved in esports betting.

The post DATA.BET Reflects on 2024 Milestones, Growth, and Achievements appeared first on European Gaming Industry News.

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Major Atlaslive Achievements and Innovations to Share at ICE Barcelona 2025

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From January 20 to 22, 2025, Barcelona lights up as the center of iGaming innovation, with Atlaslive leading the charge. Visit us at Stand 4C36 during ICE Barcelona 2025 to immerse yourself in a world where fresh ideas, cutting-edge technology, and strong partnerships come together to craft the future of the industry.

This year, we’re excited to share our latest achievements and updates. Atlaslive will be represented by our forward-thinking C-level executives and an energetic sales team, eager to demonstrate how our responsive and adaptive technology helps businesses excel and lead in the iGaming sector. Our solutions are designed to foster growth, spur innovation, and command market leadership, all customized to adapt to the industry’s evolving demands.

At ICE Barcelona, we’re set to reveal thrilling product enhancements, extend our global reach, and announce groundbreaking partnerships that will mark the beginning of a new chapter in iGaming. Expect exclusive news and bold moves as we aim to redefine industry standards.

This is a unique opportunity to witness leadership in action and explore the future of iGaming. Book a meeting today and connect in Barcelona with the Atlaslive team.

Atlaslive continues strengthening its position as a leader in iGaming innovation, with expanded analytical capabilities that now include a comprehensive database of essential market metrics. These insights have been instrumental in fine-tuning the platform and services to deliver greater efficiency and unmatched market adaptability.

The company is happy to announce its nomination for the prestigious Global Gaming Awards EMEA 2025 in the “Breakthrough Company of the Year” category. This nomination is a testament to the relentless progress and commitment propelling our B2B iGaming platform, gaining recognition and esteem from our industry peers.

We’ve also reached another significant milestone by securing ISO and IGL Certifications, emphasizing the platform’s dependability and the confidence it instills within the iGaming community. These achievements signify a new era in redefining excellence standards in the industry.

Lidiia Vakulenko shares, “ICE Barcelona takes the spotlight as the top industry gathering — a must for anyone passionate about the industry. The achievements showcased this year are a testament to the strong partnerships, valued clients, and meaningful connections that have been built over time. It’s also the enduring devotion to innovation and the teams’ dedication that make the exceptional software from Atlaslive a reality.

The event is an exciting opportunity to reconnect with industry leaders and build new relationships while presenting a bold vision and unveiling groundbreaking plans for the next year. See you at ICE!”

Don’t miss this opportunity to explore the innovations driving the development of iGaming — visit Atlaslive at Stand 4C36, book a meeting in advance via https://atlaslive.tech/events, and lead with Leave Tech.

The post Major Atlaslive Achievements and Innovations to Share at ICE Barcelona 2025 appeared first on European Gaming Industry News.

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