Raketech Q2 revenues drop 6% on rev-share focus in Sweden

Organic growth falls 8.8% at the Malta-headquartered despite double-digit increase in NDCs

Raketech today reported a Q2 revenue decrease of 6.1% to €5.7m due to low Swedish player values and a strategic shift in revenue streams. Organic growth at the Malta affiliate was -8.8%, while adjusted EBITDA dropped 10.7% to €2.9m, down from €3.2m in the same period last year. However, Q2 profit increased by €1.5m to…

Finance | Michael Holmberg | Raketech | Sweden