Aspire Global revenue jumps 28% in Q2 to all-time high
Supplier racks up six consecutive quarters of growth and anticipates €200m of revenue for FY 2021
Aspire Global has posted second-quarter revenue of €55.8m (£47.7m), which was a record for the business and a 27.7% rise year-on-year (YoY).
The increase, which included organic growth of 21.6%, meant that EBITDA rose 40.1% to another all-time high of €9.9m, while EBITDA margin climbed from 16.1% YoY to 17.7%
The supplier said it capped six consecutive quarters of “solid growth” as the business grew with existing and new partners in the US, Europe, Latam and Africa.
Meanwhile, the increased profitability was partly attributed to strong top-line growth and the performance of the BtoBet and Pariplay businesses acquired in 2020 and 2019 respectively.
Pariplay reported Q2 revenue growth of 72% and BtoBet of more than 105% with good profitability, the company said.
BtoBet is set to provide esports operator Luckbox with a sportsbook in Europe and Latam, while Pariplay inked a deal with Amelco in May to boost its US offering.
The second-quarter performance of the overall group meant that H1 revenue leapt 34.2% to €103.9m, up from €77.4m in Q2 2020, while EBITDA surged 50.3% to €18.4m compared with €12.3m in the same period last year.
Earnings after tax in H1 leapt 84.9% to €13m, it was revealed.
On the Q2 growth, Aspire Global CEO Tsachi Maimon said: “Growth was particularly strong in the UK and Ireland as well as in region rest of world, which reflects our successful expansion in the Americas as well as the consolidation of BtoBet.
“It is especially gratifying to note the strong organic growth taking into account that Q2 2020 was positively impacted by the pandemic.”
When it comes to the B2C segment, which saw a 45.5% increase YoY in revenue, the company launched a review in March into the role of the segment within the group. This is due to be completed by the autumn.
Looking ahead, Aspire Global projects revenue of €200m and €32m in EBITDA for FY 2021, implying an EBITDA margin of 16%.
“Taking into account our strong business momentum and deal flow, we are confident to reach our 2021 financial targets,” Maimon added.