News
Raketech Interim report Q1 2019
FIRST QUARTER 2019
- Total revenues amounted to EUR 8.7 million (EUR 4.9 million) representing an increase of 78.2%. Total revenues include other non-operating income of EUR 2.3 million (nil) related to a waived liability regarding one related party during the quarter which is recognised as other income.
- Revenues excluding other income increased by 31.6% to EUR 6.5 million (EUR 4.9 million).
- Organic growth amounted to 21.5% (10.2%).
- Adjusted EBITDA increased by 38.3% to EUR 3.5 million (EUR 2.5 million), corresponding to a margin of 54.1% (51.5%).
- Adjusted operating profit amounted to EUR 2.8 million (EUR 2.3 million), corresponding to a margin of 43.4% (47.5%).
- Profit for the period amounted to EUR 4.7 million (EUR 0.9 million).
- Earnings per share amounted to EUR 0.12 (EUR 0.04).
- NDCs (New Depositing Customers) increased by 76.1% to 28,607 (16,243).
EVENTS DURING Q1 2019
- On 4 March, the outstanding debt of EUR 7.7 million from the previous loan facility was repaid as a final step in optimising the Group’s capital structure post-IPO.
- On 31 March, an agreement with one related party was reached to waive the amount of EUR 2,281,714. This amount is recognised as other income within the consolidated statement of comprehensive income.
SUBSEQUENT EVENTS AFTER THE END OF THE PERIOD
- On 24 April, Oskar Mühlbach was appointed as Chief Operating Officer.
- On 26 April, Raketech acquired the assets of the leading Finnish sport listing website TVmatsit.com for an initial purchase price of EUR 1.6 million plus an additional EUR 0.3 million payment over the next 24 months based on agreed performance targets.
CEO MICHAEL HOLMBERG COMMENTS THE QUARTER
”The beginning of the year has been characterised by the ongoing stabilisation phase in the Swedish gaming market, following the introduction of the new gambling legislation in January 2019. I am therefore happy to announce that we are delivering a good quarter and that we maintain our focus on organic growth and geographical expansion.
Revenues increased by 32 per cent compared to the first quarter of 2018, amounting to EUR 6.5 million. Adjusted EBITDA increased by 38 per cent to EUR 3.5 million, corresponding to a margin of 54 per cent. Organic growth amounted to 22 per cent of the revenues, and the key driver for this growth is higher traffic volumes, especially for our casino products and our TV sports guides.
While maintaining our position as a market leader in Sweden, we are simultaneously increasing our focus on geographical expansion. We have global ambitions and prioritise markets that are important to our partners, the gaming operators. As such, we are further strengthening our organisation for future expansion, both in terms of employees and technical platforms.
We are committed to creating sustainable growth across all of our markets – current as well as future markets. I am confident in our ability to continue strengthening Raketech’s position as a leading affiliate with innovative and responsible services high on the agenda.”
PRESENTATION FOR INVESTORS, ANALYSTS AND THE MEDIA
CEO Michael Holmberg and CFO Andreas Kovacs will present the report and answer questions in an audiocast at 9.00 a.m. CET on 22 May. The presentation will be held in English and can be followed online via https://tv.streamfabriken.com/raketech-q1-2019. To participate by phone, please dial +46 8 505 583 51 (SE) or +44 333 300 92 67 (UK).
About Raketech Group:
Raketech is a leading online affiliate and content marketing company, with expertise in delivering comparison services for sports and gaming, online guides, communities and social media products in primarily the Nordic region and the UK. Through some 20 flagship brands, Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high-quality traffic and leads to its partners. Raketech grows both organically and via acquisitions and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company’s shares are listed in Nasdaq First North Premier with ticker RAKE. Erik Penser Bank AB is the company’s Certified Adviser ([email protected] / +46 8 463 83 00). For more information, visit www.raketech.com.
News
Behind the Game: Retention That Drives Revenue
Traffic performance isn’t just about volume or source. What really matters is how well the product turns the first deposit into repeat ones. That’s what drives conversion, retention, repeat deposits, and ultimately LTV — and that’s what defines a partner’s real revenue.
Behind the Game is a series of expert-driven articles where N1 Partners’ gambling affiliate program teams break down what’s happening inside the product and which decisions actually move key metrics.
In this edition, we focus on retention and how it impacts product sustainability and partner earnings.
Why Retention Turns Traffic Into Revenue
Retention is the clearest indicator of whether your traffic matches the actual value of the product. If players don’t come back after their first deposit, the product simply doesn’t convert in the long run.
In Tier-1 GEOs, acquisition costs can reach hundreds of euros. If players don’t make repeat deposits, both the operator and the partner lose.
That’s why success isn’t just about acquisition — it’s about product quality. The N1 Partners portfolio includes high-converting brands with Reg2Dep reaching up to 70% and strong LTV, allowing partners to monetize traffic more efficiently and reach profitability faster.
1. What “Healthy Retention” Looks Like in 2026
In 2026, retention is no longer measured by a single metric. It’s a combination of signals across the entire post-FTD journey.
The key is not just how many players return, but where they drop off.
What key indicators help quickly assess retention quality after FTD?
The core metrics are funnel progression and cohort analysis. Players who move quickly through stages like 1–6 / 1–8 deposits typically form a loyal, active base.
All further communication and retention flows are built to increase transition rates across these stages.
Where does the player journey usually break after the first deposit, and how is it reflected in the data?
The most sensitive point in the FTD funnel is the 1-2 deposit transition. After the first deposit, players start actively testing the product.
At this stage, retention is influenced by several factors: product UX, game variety, overall experience, and withdrawal speed.
All of these pain points are taken into account when building communication flows.
2. Why Retention Drops and What Can Be Fixed Fast
Retention drops are usually caused by mismatched expectations, bonus fatigue, weak personalization, or poor timing in communication.
Some issues can be fixed quickly via CRM and offer adjustments, while others require deeper product-level changes.
What are the top 3 reasons for retention drop across projects? What can be fixed quickly vs. what requires systemic changes?
Retention issues can be divided into three main groups.
Technical and operational issues: payment methods, access to the product, mirrors. These directly impact churn and can usually be fixed quickly. Solutions include alternative payment options, explanatory communication, temporary bonuses, and updated access points.
Product and retention mechanics: weak offers, low engagement. These require revisiting promo strategies, segmentation, and retention flows, and cannot be fixed instantly.
Traffic quality. This is the most complex area, as the issue may lie either in the traffic itself or in how it is processed. It requires behavioral analysis, source comparison, and hypothesis testing across offers, channels, and mechanics. In some cases, this leads to a full revision of the traffic strategy.
What traffic red flags almost always lead to weak retention?
- A high share of players with only one deposit and an untouched balance is a major red flag and often indicates fraud.
- Another common case is bonus hunters. These users exploit welcome offers and then either create duplicate accounts or move on to other brands with the same intent.
3. Reactivation and Bringing Players Back
Reactivation plays a critical role in extending LTV. Players may lose interest, shift habits, or move to other products — but that doesn’t mean they’re gone for good.
What are the key advantages of the reactivation funnel across N1 Partners projects?
The reactivation approach combines team experience with flexible scenarios. Multiple return flows are used, each with different types and values of offers.
Additionally, a system has been implemented to increase engagement after the player returns, which helps grow the share of repeat deposits within this segment.
Another key factor is the speed of identifying players who are about to churn. This is achieved through platform updates, filtering systems, and accumulated behavioral insights.
These elements, combined with a variety of offers and alternative communication channels such as SMS and call centers, make it possible to bring back players who are typically considered “lost.”
4. Mechanics That Actually Retain Players
Retention works best when the product taps into different player motivations: emotion and chance, progress and achievement, status and competition.
What unique features or promos across N1 Partners projects stand out and why do they work for retention?
With deeper analytics, the team gained a better understanding of player behavior and preferences. Promos are now built around real data: favorite games, average bets, and behavioral patterns, making them significantly more effective.
Key mechanics include front-facing features like Bonus Shop and Lucky Spin & Lucky Box. Around 60% of the loyal user base makes at least one purchase in the bonus shop monthly, while over 70% engage with randomizer mechanics.
Puzzle Hunt has also shown strong results, combining randomness with gamification through puzzle collection and a high-value final reward. This mechanic performs especially well among VIP players.
5. Building the Habit: Missions, Calendars, and Loyalty
Strong retention comes from giving players a reason to come back regularly.
Why do missions, calendar-based activities, and loyalty progression drive retention and LTV?
Gamification and FOMO play a key role. Mechanics are designed to drive continuous engagement:
- Earning in-product points
- Daily bonus loops (“come back every day”)
- Loss aversion (miss a day – lose rewards)
Instant reward missions are especially effective. Players complete a task, get rewarded immediately, and return for the next one.
With a younger audience, the “here and now” principle becomes one of the strongest engagement drivers.
6. Loyalty and VIP: Why Progression Beats One-Off Bonuses
Loyalty programs outperform one-time bonuses when players have a clear sense of progression. Levels and checkpoints create momentum and give players a reason to keep coming back.
The key is balance: early levels must feel rewarding and accessible, while higher tiers and VIP rewards should motivate high-value players.
How can you tell if a loyalty program truly drives retention rather than just distributing bonuses?
Effectiveness is measured through impact on behavioral and financial metrics. Key indicators include repeat deposits, ARPU, GGR per player, retention, and churn rate.
It’s also critical to compare program participants with a control group. If participants generate higher revenue and stay active longer, the program is delivering value.
If bonus costs increase without corresponding growth in GGR or LTV, the program is likely just giving away money.
Why Retention Equals Long-Term Revenue
Retention determines whether traffic turns into long-term profit. When done right, the first deposit becomes the start of a cycle of repeat activity — not a one-off event.
If there’s one key criterion for choosing a RevShare brand, what should it be?
Repeat deposit rate. In RevShare models, partner revenue depends on player lifetime. The more often players deposit, the higher the total earnings.
This is exactly why it’s crucial to work with products that already deliver solid performance across key metrics. N1 Partners gambling affiliate program brings together 14+ casino and betting brands across 10+ Tier-1 GEOs, offering competitive scaling conditions — CPA up to €700 for top partners and RevShare up to 45% + NNCO.
A product that consistently retains players and grows LTV delivers stable, long-term revenue — and that’s what makes it worth scaling.
Be number one with N1 Partners
News
N1 Partners Wins Best Affiliate Program at GamingTECH Awards 2026
N1 Partners won Best Affiliate Program in Central and Eastern Europe at the GamingTECH Awards 2026, presented at the HIPTHER Prague Summit, marking another milestone in its growth and industry recognition.
This achievement highlights the strength of N1 Partners’ affiliate ecosystem and its consistent focus on delivering performance-driven solutions for partners across key markets.
Alexa Bond, Head of Affiliates at N1 Partners, commented:
“This award reflects the work we put into building more than just an affiliate program. We focus on creating a strong, reliable ecosystem where partners can scale with confidence, supported by transparent processes, high-performing products, and a team that understands the realities of the market. It’s great to see this approach recognized at the industry level, and we see it as motivation to keep moving forward.”
N1 Partners continues to stand out through a combination of high-converting brands, flexible partnership models, and a product-driven approach to retention and monetization. With strong Reg2Dep performance in Tier-1 GEOs, tailored offers, and a growing portfolio of casino and sportsbook brands, the company provides partners with reliable tools to scale and maximize revenue.
A key factor behind this recognition is N1 Partners’ focus on performance-driven initiatives that directly support partner growth. One of the latest examples is the N1 SEO Traffic Cup, a flagship affiliate tournament designed for SEO traffic. The campaign challenges partners to compete by driving high-quality traffic, improving their N1 Cup Score, and climbing the leaderboard to unlock premium rewards.
N1 Partners would like to extend our sincere thanks to HIPTHER for this recognition and to all our partners whose trust and collaboration continue to drive our growth. This achievement would not be possible without you.
N1 Partners is a multi-brand affiliate program and direct advertiser. The company unites 14+ casino and betting brands, operates across Tier-1 GEOs, delivers Reg2Dep rates of up to 70%, and offers competitive deals for top partners — CPA up to €700 and RevShare up to 45%. Trusted by 14,000+ partners, N1 Partners is recognized for its transparency, flexibility, and partner-first approach — where people and communication quality remain the foundation of long-term success.
News
LEONBET Shares a New Campaign with Tanzanian Ambassador Simon Msuva
With the release of a dynamic promotional video starring its ambassador, Simon Msuva, LEONBET continues a new chapter in its partnership with the Tanzanian national team forward.
Filmed in Tanzania, the campaign captures the energy of local football culture and highlights Msuva’s personality both on and off the pitch. One of the key moments of the video features the famous “Msuva Flip”- the player’s signature goal celebration, a backflip that fans immediately recognise whenever he scores.
The video is fast-paced and vibrant, reflecting the passion of Tanzanian football fans.The campaign also features Baraka Mpenja, a well-known sports commentator and voice of Tanzanian football, who brings additional authenticity and connection to the local audience.
Simon Msuva is known not only for his performances on the field but also for his strong charisma. According to the production team, he quickly immersed himself in the filming process and brought the same vibrant energy and character that fans associate with his game.
During the recent season, Msuva has scored several memorable goals that drew attention from fans and sports media alike. That excitement and emotion became the foundation for the new campaign.
“This campaign is part of our broader strategy to get closer to sports fans and build a stronger emotional connection with our audience. Working with talents like Simon Msuva allows us to speak the same language as the fans and be present where their passion is.” said Jérôme J. D., Regional Director of Operations.
The video continues the collaboration between LEONBET and Tanzanian national team captain Simon Msuva and supports the brand’s ongoing engagement with football fans in Tanzania.
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