BtoBet’s proprietary sports betting is becoming an important competitive advantage when talking to new and existing partners, noted Aspire Global, which reported ‘highest ever’ revenues and EBITDA in the second quarter of 2021.
Aspire’s platform and services business line grew 7.7%, with the Aggregation and Gaming (Pariplay) sub-segment up 72.2%, while BtoBet – consolidated on Oct. 1 and now constituting the Sports sector – increased 105 %, reaching €2.7 million (compared to the figures for the second quarter of 2020).
In total, the online casino and sports betting platform provider had quarterly revenues of €55.8 million, an increase of 27.7% compared to the corresponding period of 2020 (€43.7 million). Aspire Global’s full-year 2021 revenue target is €200 million, with €32 million of EBITDA.
“Given our strong business and activity momentum, we are confident that Aspire Global will achieve its 2021 financial goals,” said CEO Tsachi Maimon.
Total revenue growth may have reflected the momentum of business in both the casino and sports sectors, but there were some dips. Nordic countries’ revenues decreased by 2.3% to €4.2 million and the ‘rest of Europe’ decreased by 9.4% to €25.1 million, mainly due to new German regulations.
Aspire Global’s expansion into the Americas minimized business losses
On July 8, the group acted to make up for damage in Germany with the launch of BuyWin, a new tool for the country’s casino operators that gives players greater returns as well as access to more content.
Second quarter losses were more than offset by an increase in ‘Rest of World’ revenue (up 135.7% to €6.6 million), which reflected Aspire’s expansion in the Americas and Africa – reinforced by consolidation of BtoBet. Meanwhile, revenues from the group’s second largest region, the UK and Ireland, reached €19.9m, up 123.6% from €8.9m in the second quarter of 2020.
“Growth was particularly strong in the UK and Ireland, as well as the rest of the world, which reflects our successful expansion in the Americas as well as the consolidation of BtoBet. BtoBet’s proprietary sports betting is a key competitive advantage when talking to new and existing partners,” Maimon stated.
The company’s CEO added: “In the quarter, we started the first projects where partner brands will replace their existing sports solutions with BtoBet sports betting and in mid-August the first brand went live on our platform. We expect that the switch from partner brands to BtoBet’s proprietary platform will have a positive impact on revenues and margins throughout 2021.”
