Aspire Global reports 43% rise in revenue for Q1 2021

Aspire Global reports 43% rise in revenue for Q1 2021

Article brief provided by Gambling Insider
  • Peter Lynch, Gambling Insider
May 6, 2021 6:00 AM
  • Peter Lynch, Gambling Insider

Aspire Global has reported revenue of €48.1m (£41.5m) for the first quarter of 2021, a 43% increase from the prior-year period.

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Earnings after tax increased by 140% year-on-year to €6.1m, while EBITDA increased by 64% to €8.2m. The EBITDA margin increased from 15.5% in Q1 2020 to 17.8% in Q1 2021, while earnings per share increased by 160% to €0.13.

The group said the increased revenue was driven by strong development in all segments, as well as the acquisition of BtoBet in September 2020. And the company’s US presence, meanwhile, was strengthened by its deals with Rush Street Interactive in New Jersey and with US-based platform provider GAN.