Sportsbook launch contributes to Q2 revenues increase for Aspire

Sportsbook launch contributes to Q2 revenues increase for Aspire

Thursday, August 16, 2018 Posted by Luke Massey
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Aspire posted total quarterly revenues of €24.7 million

Aspire has posted record revenues for Q2 2018, including a significant sportsbook contribution, as the company moves towards its projection of €120 million in total revenues for the full-year 2020.

Total quarterly revenues reached €24.7 million, up 43% from the corresponding period of 2017, while EBIDTA was subject to a 58% year-on-year (YOY) increase to €5.7 million. Revenues for H1 totalled €43.1 million (€18.4 million from Q1).

In Q2, the first full quarter to include revenues from the sports vertical, Aspire posted B2C revenues of €12.35 million, with the sportsbook bringing in €1.2 million from 10,230 bettors. 8,992 of these were first time depositors, while average revenue per user (ARPU) came out at a healthy €135.

Aspire Global CEO Tsachi Maimon said: "The strong performance is mainly driven by two factors; successful partnerships and a stronger offering. Firstly, we have improved our ability to focus our resources on the partners and brands with the highest potential and strongest performance.

"As for the offering, we continuously improve our solution, both in terms of quality and width of the solution, most recently through the upgrade to a more advanced platform system and the very promising launch of Sportsbook as well as higher efficiency in our data-driven tools. As a result, several B2B-brands are outperforming, along with higher activity for B2C."

During the three-month period, Aspire also launched 75 new games and added four new game providers to its B2B casino platform. Revenue from its proprietary games amounted to €252,000.

Totally Gaming says: The sportsbook vertical was labelled as an operational highlight within a three-month period of record numbers for Aspire, who recently signed an agreement with BetRegal, a sports operator that will migrate to the complete Aspire Global platform in Q4.

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