Aspire Global posts record revenue after strong Q4

Aspire Global has reported record revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) for 2017.

Revenue for the 12 months to December 31, 2017, came in at €71.9m ($89.8m), up 18% on €61m posted in the previous year, with B2B revenue also climbing 24% to €37.1m.

Elsewhere, EBITDA hiked 25% year-on-year to a record €14.3m with a margin of 20%, compared to 19% in the previous year.

Earnings before interest and tax increased by 22% from €10.6m to €13m, with earnings after tax also up from €11.6m to €12.3m.

Full-year figures at Aspire were boosted by an impressive fourth quarter, during which revenue hiked 27% year-on-year to €19.2m, with EBITDA also up 35% to €3.8m.

Tsachi Maimon, chief executive of Aspire, said: “As we conclude 2017, we can see that our scalable offering and dedicated focus on B2B is really paying off, with an overall growth of 18% in revenue and 25% in EBITDA year-on-year.

“In the fourth quarter, we mobilised to compensate for the income loss from Australia through strong performance in our other markets, while finalising the upcoming launch of sportsbook.

“The fourth quarter is usually our strongest quarter in terms of seasonality, but given the circumstances it was particularly pleasing that December became our best month ever as for revenues.”

Related article: Aspire Global details key financial growth in Q3