Raketech revenues soar
Q3 Interim report indicates increased revenues and organic growth
2018 has been a successful year for Raketech in terms of executing key partnerships, rising revenues and launching new products.
Raketech launched betting community Urheiluveikkaus.com, a platform dedicated to providing high-quality sports betting content and expert betting tips to the Finnish market. Esportsguide.com was launched on 16 November 2018. Raketech announces a new partnership with Trustly to be able to offer a new in-Banner Pay N Play technology across its online gaming products on 21 November 2018.
CEO of Raketech, Michael Holmberg commented, “I am happy to announce another quarter with strong growth and high profitability, driven by our clear focus on organic growth. Revenues for the third quarter amounted to EUR 7.0 million, an increase of 42% compared to the corresponding quarter last year. The organic revenue growth amounted to 29%. Growth compared to the second quarter was 16%. Adjusted EBITDA amounted to EUR 4.1 million, corresponding to an EBITDA margin of 59%.”
Holmberg added, “The strong organic growth was achieved by our strategy to capitalise on our existing assets (which we refer to as Raketech Core). Over the past couple of years, we have invested in building a scalable business model. We have developed new technical platforms and data analysis tools, and we see it starting to pay off. With this foundation, we are not only well-equipped to grow our existing products in Raketech Core, but we are also in an excellent position to innovate and roll out new products from Raketech Lab.”
Raketech is a leading online affiliate and content marketing company, with expertise in delivering SEO, 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.
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