Aspire Global Sees B2B Revenue Increase

August 21, 2019 by

Aspire Global’s B2B revenue for iGaming solutions provider increased 76.5 per cent in the first half of 2019, pushing group revenue to € 66 m (£ 60.5m/$73.1 m) for the latest period. The company saw an increase in B2B deposits from € 40.7 million to € 74 million and the total number of B2B transactions to € 1.27 billion from last year’s 715.8 million.

Chief executive Tsachi Mainmon told reporters that he is proud of the achievement they’ve made with their B2B side of the business, which accounts of 60% of their complete income, as well as 70% for their EBITDA. He added that it was the result of their approach to seeing up the right relations, while also enhancing their offer and optimising their setup within the company. He added that it was gratifying to see that the results of their hard work were being reflected by their increased revenue streams. B2C revenues also improved from € 21 million to € 27 million, helped by a 15.3% increase in deposits from first-time depositors to € 75.3 million.

Earnings before interest, tax, depreciation and amortization rose 43.3% to € 12.1 million. Financial expenditure increased by 107% to € 2.1 million, resulting in net profit of € 9.1 million, up 21.3% from last year. B2B revenue increased 51.4 per cent to € 21.5 million in the second quarter of 2019, resulting in an increase in-group revenue of € 31.8 million, up from € 24.2 million in the previous year.

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