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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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ThrillTech powers Paf with bespoke, player-funded jackpot solution

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New partnership will drive revenue and monetisation across Paf’s gaming ecosystem through bespoke side-bet mechanic

Nordic-based gaming operator Paf has partnered with ThrillTech, the specialist B2B provider of licensed, player-funded jackpot mechanics, to launch its innovative side-bet jackpot products across Paf’s gaming portfolio.

The integration will see ThrillPots™ deployed across key verticals, enabling Paf to deliver engaging, compliance-led jackpot experiences designed to increase session value, drive incremental GGR and boost monetisation—without disrupting existing revenue streams.

Unlike traditional jackpots, ThrillTech’s products are fully licensed and funded directly by players via opt-in side bets, giving operators access to new revenue opportunities while maintaining regulatory standards. The rollout was achieved through a seamless technical integration and will be made available across multiple markets, including Finland, Sweden and Estonia.

“This partnership with Paf is a milestone moment for ThrillTech,” said Faye Williams, Head of Business Development at ThrillTech. “Paf is one of the most respected operators in the Nordics and their focus on social responsibility makes them an ideal partner for our licensed jackpot ecosystem. We’re thrilled to bring our customisable side-bet jackpots to their players.”

ThrillTech’s flagship jackpot products serve complementary purposes: For example, ThrillPots™ drives incremental monetisation through pooled side-bet mechanics, while ThrillDrops™ delivers real-time, rule-based rewards that enhance engagement.

Kim Johansson, Chief Gaming Officer of Paf, added: “ThrillTech’s jackpot mechanics offer a fresh and modern take on how to create value for both players and operators. We’re excited to be able to offer this concept to our players and to further explore the possibilities of bespoke jackpot campaigns.”

Founded in 1966, Paf is a licensed operator known for its commitment to responsible gaming, community reinvestment, and innovation in regulated markets.

The addition of ThrillTech’s jackpots further enhances Paf’s platform with tools that support sustainable growth and player-friendly features.

The post ThrillTech powers Paf with bespoke, player-funded jackpot solution appeared first on European Gaming Industry News.

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Open banking fintech Yaspa names Chris Lowe as CFO to accelerate growth trajectory

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Award-winning open banking fintech Yaspa has named Chris Lowe as its new Chief Financial Officer.

Lowe brings more than a decade of experience to the position, with a proven record of helping growth-stage companies scale at speed via a blend of core finance leadership and strategic roles. 

Yaspa is an award-winning fintech providing instant payments and identity services, using open banking and AI to help iGaming platforms build trust through smarter payments. Headquartered in London, Yaspa works with partners in the UK and Ireland and across Europe.

Lowe, a qualified chartered accountant, has been working as fractional CFO for Yaspa since October 2024 through his position as Chief Strategy Officer at Irish finance consultancy Fitzgerald Power. He is now joining Yaspa full-time to help accelerate the company’s growth trajectory, with imminent plans to expand into new geographic regions and industry sectors.

Lowe’s expertise in financial modelling and fund raising has helped previous clients grow from start up, to scale up and beyond; his appointment comes as Yaspa enters a critical stage in its evolution.

Lowe said: “It’s a hugely exciting time to join Yaspa on its growth journey. I’m energised by companies at this stage, where things are moving fast and the market opportunity is clear with strong tailwinds. I thrive on bringing clarity to complexity through the numbers, helping to chart a confident course through dynamic conditions, and I’m looking forward to building closer relationships with the talented growing team.”

Yaspa CEO James Neville said: “Chris has already made a significant impact during his time as fractional CFO, helping us sharpen our financial strategy as we prepare for our next phase of growth. 

“His experience scaling fast-moving businesses and navigating complex financial environments makes him the ideal person to lead Yaspa’s finance function full-time. We’re delighted to have him on board as we expand into new markets and continue building a category-defining business.”

The post Open banking fintech Yaspa names Chris Lowe as CFO to accelerate growth trajectory appeared first on European Gaming Industry News.

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Playzia Turns Up the Heat with the Launch of Love Island – Love in a Spin Online Slot

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Playzia is set for a summer of love with the highly anticipated release of its latest online slot, Love Island – Love in a Spin. Developed under an exclusive three-year licensing deal with Zoo 55, part of ITV Studios, creator, producer and distributor of world-leading programmes, this brand-new online slot game combines iconic reality TV with cutting-edge slot mechanics.

Timed to align with the 2025 summer season of the Love Island TV show – co-produced by Lifted Entertainment, part of ITV Studios, and Motion Entertainment, a WPP Media Company – and set within a sleek Mediterranean villa that perfectly mirrors the glamour and excitement of the Love Island world, Love in a Spin is a five-reel igaming slot with 243 ways to win and a maximum win potential of 10,250x the player’s stake.

Built for high engagement and rewarding gameplay, Love Island – Love in a Spin offers multiple return-to-player (RTP) configurations at 96%, 94%, 92%, and 85%, high volatility and a maximum win potential of 10,250 x the player’s stake.

Be the star of the show: Create your Islander

For the first time in an online slot game, the player takes centre stage. In Love Island – Love in a Spin, each player creates and customises their very own Islander, selecting body type, hairstyle, and the ultimate Love Island look. This personalised avatar doesn’t just appear in the background: it takes the spotlight.

The player’s custom Islander enters the reels as a towering Giant Symbol that also functions as a powerful Wild, covering entire reels and significantly boosting win potential. If the custom Islander lands on reel one and is matched with a potential partner on reel five, sparks fly and the Free Spins feature is activated, intensifying the drama.

Once the feature begins, the player’s Islander becomes a sticky Wild, locking into position for the duration of the bonus round. With every spin, the Islander can gain an additional multiplier of 2x, 3x, or even 5x.

Better still, the free spins feature can be re-triggered an unlimited number of times. Additional giant symbols landing on the middle reels also become sticky, creating ongoing excitement and reward throughout the feature. For players eager to jump straight into the action, the Bonus Buy (territory dependent) feature allows them to purchase instant access to the free spins round.

Step into the villa world: A truly immersive experience

The visual and audio design of Love in a Spin is unmistakably Love Island. Familiar icons like champagne bottles, neon hearts, flip-flops, sunglasses, and the signature white suitcases are all present, along with the “I’ve got a text!” smartphone symbol that resonates deeply with fans of the series. The game also incorporates Love Island vibe elements, including music and sound effects.

Steve Watling, SVP Gaming, Zoo 55, said: “Both Playzia and ITV Studios teams are so excited to be launching these games at iGB L!VE. We have been ‘grafting’ to get the games ready for launch and Love in a Spin marks the beginning of a broader rollout of Love Island-themed games from Playzia. This summer will also see the release of two other titles: Love Island – Instant Match, a Plinko-style instant win game, and Love Island – Love Bus, a high-stakes crash game where timing is everything. Watch this space…”

iGB L!VE 2025 – Visit the Villa at Stand S74

Playzia is bringing the island energy to iGB L!VE 2025 with a full Love Island-themed stand at Stand S74.

Visitors can meet the Playzia team to discuss partnerships, explore the product roadmap, and get hands-on with new releases including Love in a Spin, Instant Match, and Love Bus. Attendees will also be able to demo upcoming unreleased titles such as Lucky Aces, Fortune Dragon Riches, and Playzia Wheel.

To enhance the booth experience, Playzia is hosting a prize spinner with exclusive branded merchandise, Islander-signed goodies, and an Apple Watch prize draw. A full-service bar will provide complimentary cocktails, coffee, wine, and more, while a custom photo zone gives attendees the chance to snap photos with villa-style props and surprise appearances from Islanders.

The game launches worldwide today, June 26, 2025. Attendees of iGB L!VE 2025 can experience it live and up close at Stand S74.

The post Playzia Turns Up the Heat with the Launch of Love Island – Love in a Spin Online Slot appeared first on European Gaming Industry News.

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