Atemi revenue rises 54% in Q1 2020
Casino-focused affiliate firm reports first quarter revenue of $11.7m amid HR recruitment drive
Atemi has reported a Q1 2020 revenue rise of 54% year-on-year to $11.7m.
The privately-owned affiliate firm also revealed NDC growth of 74% during the quarter and suggested it was in a strong position to fight off any Covid-19-related headwinds due to its non-reliance on sports betting traffic.
The Monaco-headquartered business has guaranteed to keep staff employed, the majority of which are working from home, although they can now travel to the office in private transportation.
“We want to ensure our team are 100% not reliant on government subsidies or public transportation and feel healthy and financially secure,” said Atemi.
The firm has also added to its HR recruitment team as it looks to scale up its product development, software engineering and marketing departments.
Atemi is still targeting $50m in overall 2020 revenue and is banking on non-gaming projects to provide additional revenue diversification having struck partnerships with Amazon and Disney+ during the launch of its Streaming Wars comparison brand.
“We’re pleased with another amazing quarter,” said founder Richard Skelhorn. “We continue to operate and grow without taking on debt obligations and we are really fortunate not to rely on sporting events or large content teams at this particular time.”
“Our goal was to break $50m in revenue this year and we still believe in this target despite the challenges the world faces.
“We continue to deliver the highest quality players to our clients globally and more operators each month realise Atemi is at the very top of the value chain and leading the market in regulatory compliance,” he added.
Atemi rebranded from Rise Project back in July 2019 and has a presence in Monaco, London, Malta, Kenya, Ireland and the US.