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Raketech Delivers Full Year in Line With Previously Increased Guidance

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Jon Moss proposed to join Raketech’s Board of Directors

 

Raketech Group Holding Plc  announced the fourth quarter report for 2023 in line with previously increased guidance, with a total revenue of EUR 22.8 million and an organic growth of 45.3% Y/Y. The full-year 2023 revenue amounted to EUR 77.7 million and an organic growth of 47.6%. Raketech also updates guidance for 2024, where EBITDA is expected to come in between EUR 24-26 million.

“This result serves as a solid platform for the coming year, where we will focus on identifying new markets, evaluating expansion options, assessing new partnerships, and focusing on business growth. I am fully committed to driving additional value for our company,” says Johan Svensson, Acting CEO of Raketech.

Q4 2023 FINANCIAL HIGHLIGHTS

  • Revenues in Q4 of 2023 totaled EUR 22.8 million (EUR 15.7 million) with an organic growth of 45.3% (23.1%), driven primarily by continued growth within sub-affiliation.
  • EBITDA amounted to EUR 6.0 million (EUR 6.4 million) somewhat impacted by a softer development in Sweden, compared against a strong fourth quarter 2022 impacted positively by the FIFA World Cup in in that year. Other regions showed good performance and sub-affiliation continued to grow.
  • Operating profit amounted to EUR 2.8 million (EUR 4.3 million), lower as an effect of increased non-cash affecting amortisation and depreciation on intangibles assets relating primarily to the prior acquisition of Casumba.
  • Free cash flow increased to EUR 4.8 million (EUR 2.2 million) with only minor earnout settlements during the quarter.

DIVIDEND PROPOSAL AND OUTLOOK

  • The Board of Directors proposes to the Annual General Meeting 2024 a dividend corresponding to EUR 0.10 per share (EUR 0.094), representing an increase of 6% from last year.
  • Guidance for 2024:
    • EBITDA is expected to come in between EUR 24-26 million.
    • Free cash flow is estimated to amount to EUR 22-24 million before cash settlements of the Casumba earnout of EUR 18.3 million this year.

SUBSEQUENT EVENTS AFTER THE END OF THE PERIOD

  • Revenues in January 2024 amounted to EUR 7.3 million (EUR 5.0 million).
    • Supported by positive results from Sub-affiliation
  • On January 11, 2024, the board of Directors appointed Johan Svensson as Acting CEO, replacing the former CEO Oskar Mühlbach.

Read the full report at: https://raketech.com/investor-relations/

Affiliate Program News

Slots Temple Selects RavenTrack to Power New Affiliate Program

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Slots Temple Selects RavenTrack to Power New Affiliate Program

 

Slots Temple and RavenTrack team up to explore new marketing channels

Slots Temple, the number one destination for slots fans, has teamed up with affiliate marketing ace RavenTrack. The deal will see Slots Temple launch a carefully curated affiliate program designed to drive high-quality traffic directly to its platform.

RavenTrack, known for its advanced real-time tracking and reporting solutions, will play a key role in supporting Slots Temple’s affiliate expansion. The new affiliate program will begin modestly, working with a small selection of exclusive partners, while leveraging RavenTrack’s state-of-the-art platform to explore new avenues of traffic.

Slots Temple started out as an affiliate site itself, offering free demo games and slots tournaments for prizes. Through a commitment to innovation and user engagement, it established itself as a trusted name in free-to-play gaming with a strong community of devoted slots fans.

More recently, it decided to offer its players something different by rolling out a selection of real-money tournaments and games in the UK.

Fraser Linkleter, CEO of Slots Temple, said: “From our experience as an affiliate site that has pivoted towards real money-gaming in the UK, we understand the value of high-quality traffic. This partnership allows us to explore new avenues for growth, and RavenTrack’s knowhow and technology gives us everything we need to make this initiative a success.”

Adam Rowley, Managing Director of RavenTrack, said: “We are delighted to team up with Slots Temple on this exciting new phase of their story. Their reputation for providing engaging player experiences is second to none and it aligns with our mission to offer best-in-class affiliate solutions. We look forward to watching their affiliate program grow.”

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Affiliate Announcements

711 Renews its Partnership with NetRefer as its Affiliate Marketing Platform Provider

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711 Renews its Partnership with NetRefer as its Affiliate Marketing Platform Provider

 

Leading Dutch online casino 711 has renewed its partnership with NetRefer, a data-driven, AI-powered, affiliate marketing platform provider engineered for the iGaming industry.

The family business, started as Carousel Casino Games and founded in 1994 in Belgium, began as a land-based casino chain before expanding into an online casino in 2012. A decade later, in 2022, they entered the Dutch online gaming market as 711 BV, with NetRefer as their Affiliate Marketing partner.

Despite being a new operator, 711 brings over 30 years of experience in the Belgian gaming market and, in two years, has expanded its portfolio, partnering with major game providers like Pragmatic Play and Evolution.

With a diverse game selection that follows the latest gaming trends, attractive promotions, high winning odds, and fast payouts, 711 prioritises player satisfaction and delivers a seamless gaming experience.

They pride themselves on operating under strict regulations and undergo regular external audits to ensure a secure player experience. They emphasise responsible gaming, offering tools and information for player well-being.

Johan Mostert, Affiliate Manager at 711, stated: “NetRefer is known for its innovation and forward-thinking. Their comprehensive, customisable platform – through impressive add-ons – has streamlined our affiliate marketing, making the past two years an excellent partnership. We’re excited for what’s ahead.”

Amanda Camenzuli, NetRefer’s Manager of Account Management, shared: “711 is a dynamic operator in the Dutch market, and their attitude, enthusiasm, and work ethic make this renewal both exciting and rewarding. We at NetRefer look forward to what’s to come in this continued partnership.”

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North Star Network acquires leading casino affiliate Bojoko

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North Star Network acquires leading casino affiliate Bojoko

 

​​North Star Network and Bojoko are delighted to announce the digital sports media group’s acquisition of the leading iGaming affiliation as NSN looks to take a decisive step into the casino space.

The deal, which includes all Bojoko assets, was concluded on February 14 and represents a new chapter for the Malta-based asset, giving them the resources to become an even bigger force in the iGaming affiliate world. This acquisition is structured using upfront and earnout payments, representing 3.0-4.5x 2025 EBITDA depending on future performance.

Since launching in 2017, Bojoko.com has become the go-to platform for UK players seeking in-depth casino, bingo, and sports betting insights, while Bojoko.ca has been instrumental in helping Canadian players navigate the rapidly growing online gaming market.

This acquisition will allow both platforms to expand their reach, enhance their services, and provide even more value to users in these key markets. It also opens room for further market expansion.

Julien Josset, co-founder and CEO of North Star Network, shared his excitement about the acquisition: “We are thrilled to welcome Bojoko into the North Star Network. Bojoko has built an excellent reputation in the industry for its user-driven approach, commitment to true quality, and innovative platform,” he added.” This acquisition aligns perfectly with our vision to expand our influence in the iGaming industry, giving us an instant footing in the casino vertical.

“Bojoko’s casino knowledge is almost unparalleled, and we could not be more excited about the future,” Josset concluded. “Together, we plan to expand Bojoko’s reach internationally, creating even more value for players and partners alike.”

Bojoko co-founder and CEO Joonas Karhu will continue to lead the project. “This is a monumental step forward for Bojoko. Since day one, our goal has been to empower players with expert insights and easy tools that allow them to make informed choices,” Karhu began. “With North Star Network backing us, we’re now in a position to enhance our solutions, expand, and bring our expertise in the online gambling space to new audiences worldwide.

“This partnership opens the door for unprecedented growth and innovation.”

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