Strategy

Aspire Global to assess options with B2C segment review

| By Robert Fletcher
Aspire Global is to undertake a review of its B2C segment as part of an effort to accelerate growth, following a record revenue performance in 2020.

The provider did not disclose details as to what the review would focus on, but did state that it would assist a focus on growing its B2B ambitions, while also allowing for further expansion of the B2C segment.

Last month, Aspire Global posted €161.9m (£140.0m/$194.7m) in revenue for the 12 months through to 31 December 2020, a record for the business, while earnings before interest, tax, depreciation and amortisation (EBITDA) also reached a new high of €27.1m.

Aspire Global said it would provide more information about the outcome of the review in due course.

“We are very pleased with the growth and results recently recorded by the business’ B2C segment, but we think a review will assist us to better assess our options to further accelerate our growth,” Aspire Global chief executive Tsachi Maimon said.

“Such a move could help improve Aspire Global’s overall margins and EBITDA and potentially help us accelerate new B2B initiatives and enter fresh markets.

“Overall, we are well positioned to capitalise on the array of opportunities available to us in the global, fast-growth igaming industry.”

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