Aspire Global: Q2 preview2018-08-08 11:27
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Aspire Global will publish their report covering the second quarter of 2018 on Tuesday the 14th of August. We expect to see revenue growth of about 20% Y/Y, meaning that we predict revenues around EUR 20.8m. We are further expecting Aspire Global to report EBITDA around EUR 3.5m, resulting in an EBITDA margin of 17%.
The growth in revenues is expected to be driven by the sports vertical, the increased focus on Karamba and by partners in the B2B segment. In Q1’18, the company announced that Q2 started off positively. More precisely, Aspire Global announced that revenues in April were up more than 60% compared to April 2017 and 33% up compared to the average monthly numbers in Q1’18.
Furthermore, Q2 is the first full quarter to include revenues from the sportsbook. The FIFA World Cup started on the 14th of June, which makes sportsbook revenues extra interesting. In addition, the 19th of June Aspire Global announced that Aller Media Denmark had launched its online gambling brand Hyggespil.dk on the company’s platform.
As mentioned, the Q2 report will be published Tuesday the 14th of August. We will get back with a comment following the release of the report.
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