Press Releases
Raketech Delivers Full Year in Line With Previously Increased Guidance
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/
Press Releases
Gentoo Media adds Time2Play and several other websites to QMRA
Quality Mark Responsible Affiliates (QMRA) is a quality certificate for iGaming Affiliates. Affiliates from various jurisdictions (among which Sweden, Germany, Spain, Ontario CA and more) are welcome to join.
Gentoo, former GiG Media, decided to make QMRA membership for its websites policy in June 2024.
This week, Gentoo added multiple geo’s from Time2Play.Com to QMRA (recently acquired from Kafe Rocks), as well as several other websites (covering markets like Germany, Ontario and more).
The added websites will be checked by the QMRA Compliance Team, after which they will receive the Quality Mark and an online certificate. After one year, every website will be recertified.
This application was the largest so far by Gentoo: adding 12 geo’s/websites. In total, Gentoo now has 24 websites and/or geo’s connected to QMRA.
iGB
Cellxpert looks to build on record year ahead of iGB Affiliate debut
Cellxpert is looking to iGB Affiliate to help build on a record 2024 during which it has doubled its client base, secured major partnerships in key growth regions, including LATAM and Asia, and continued to strengthen relationships with large multi-brand, multi-country, and multi-product European and global operators.
“In LATAM, we’ve partnered with standout operators such as Aposta Ganha, Grupo Esportes da Sorte, and Blaze,” explained Josh Swerdlow, CRO at Cellxpert. “With new local licensing regulations set to reshape the market, consolidation is on the horizon. We’re helping operators not only navigate these changes but also scale their affiliate programs with the tools and features they need to stay ahead.”
In Asia, a market brimming with growth potential, Cellxpert has earned the trust of industry leaders such as FUN88, W88 and BTC365. “These partnerships speak to the scalability and transparency our platform provides,” Swerdlow notes. “Asia presents unique opportunities, and our ability to anticipate operator demands ensures our clients are set up for success. I’m incredibly proud of the team and want to take this opportunity to thank them for their dedication.”
Cellxpert’s success is rooted in its long-standing commitment to building a platform designed for the iGaming industry. Since 2008, under the leadership of CTO and founder Assaf Dor, the brand has developed a feature-rich and highly scalable platform using cutting-edge software architecture which ensures unlimited scalability and near-zero downtime.
“What sets us apart is our ability to deliver measurable value to operators,” Swerdlow emphasizes. “Whether it’s through real-time integrations that drive data-rich reporting, advanced postback or API features for affiliates, or automated payment workflows, we’ve built a platform operators and affiliates trust to handle the complexities of iGaming affiliate programs with thousands of active affiliates.”
Swerdlow, who joined Cellxpert around the time of iGB Affiliate’s last London event, brings nearly two decades of experience driving growth for B2B companies, with over 10 years in affiliate and partner marketing. “Since joining, I’m extremely proud of our achievements. My focus has been on scaling the business commercially while ensuring our clients achieve long-term success.
“2024 was a year of validation, proving that our approach resonates deeply with operators. In 2025, our priority will be expanding into new regions, strengthening relationships with our clients, and helping operators unlock their full growth potential.”
Looking ahead, Swerdlow is confident Cellxpert will continue to establish itself as the go-to solution for operators managing multi-brand, multi-country, multi-product affiliate programs. “Our focus will be on ensuring operators unfamiliar with our offering understand the transformative value we bring,” he adds. “With trust, innovation, and execution at the core of what we do, 2025 promises to be another year of record-breaking growth and industry leadership beginning at January’s historic edition of iGB Affiliate Barcelona.”
partnerships
QMRA launched in Greece – Game Lounge offers launching member website
Quality Mark Responsible Affiliates (QMRA) is a Quality Mark for iGaming Affiliates. QMRA outlines Compliance Codes for various markets. Among which Belgium, Denmark, Norway, Sweden, the UK, Italy and more. Affiliate websites that adhere to the market-specific codes will be allowed to carry the QMRA logo for one year, after which full recertification is initiated. Members will receive compliance reports, for instance to be shared with operators or authorities. Next to that, members have an online QMRA certificate for the duration of membership.
QMRA is a follow up of the Dutch Affiliate Quality Mark KVA, operating since 2021. KVA and QMRA members uphold the highest standards when it comes to iGaming Compliance.
As of today, QMRA is available for Greek iGaming Affiliates. Game Lounge, one of the first QMRA members, is launching member for QMRA Greece with HellasCasinos.Com.
Quote by Yiannis Mercouris, Head of Eastern Europe at Game Lounge: “Greece’s regulatory landscape is one of the strictest in the iGaming sector, and at Game Lounge, we take great pride in ensuring full compliance with these standards. Working with QMRA has been an excellent experience, and we’re committed to upholding responsible gambling practices for Hellascasinos.com. We look forward to strengthening this partnership as we continue to move forward.”
Quote by Steven Vrolijk, QMRA Director: “We are very happy to be live in Greece now, and proud to have a dedicated launching member right away. We thank Game Lounge, Yiannis Mercouris specifically, for having faith in our newest operation!”