Company Aspire Global, a provider of technology solutions for the iGaming industry, released its fourth quarter and full year 2020 earnings report, reporting record revenue and EBITDA.
"We have successfully established Aspire Global as a powerhouse for iGaming operators and see tremendous opportunities for further profitable growth.
Tsachi Maimon, CEO Aspire Global
In the fourth quarter, Aspire achieved revenue growth of 37,6% , to 44,4 million euro , compared to 32.2 million euro in the fourth quarter of 2019, primarily due to big demand from the B2B segment and acquisitions BtoBet in September 2020. .
Increased revenues have led to an increase in earnings before interest, taxes, depreciation and amortization (EBITDA) do EUR 8.3 million which is about the law 90% z EUR 4.4 million in the corresponding 3-month period of the previous year.
EBITDA margin increased to 18,6% for the quarter, with 13,5% in the fourth quarter of 2019, While profit after tax reached EUR 4,2 million profit compared to EUR 11.6 million loss recorded by Aspire in the fourth quarter of 2019, the share was 0,07 € .
The number of depositors for the first time in the quarter increased marginally by 0.3% to 105.9 thousand from 105.6 thousand in the year-ago quarter.
All year 2020
Throughout calendar 2020 Aspire Global recorded an increase in revenue by 23,2% , to EUR 161.9 million , compared to EUR 131.4 million 2019. The increased revenue led to EBITDA of EUR 27,1 million which is an increase of 24,8% z EUR 21.7 million. published in the full year 2019 report.
The company achieved an increase in EBITDA margin from 16,5% in the previous year to 16,7% in 2020, and profit after tax jumped nearly 7 times to EUR 15.0 million compared to EUR 1.9 million 2019. Diluted earnings per capital share were up to 0,28 € .
While the number of first-time depositors in the fourth quarter remained almost unchanged year-on-year, for all of 2020, the number of customers who made their first deposit to experience a game with Aspire increased by 16.9%, to 519.9 thousand, compared to the 444.5 thousand announced in 2019.
Prospects for the future
"In 2021. Our top priority is to roll out our sports offering in Europe, Africa and Latin America and certify our sports platform for future U.S. contracts."
Tsachi Maimon, CEO Aspire Global
Prior to the BtoBet acquisition, sports betting accounted for a small portion of the company's revenue, CEO Aspire Maimon pointed out, citing significant growth opportunities in the European and Latin American markets.
Maimon also noted that Aspire has a licence application pending and is looking to offer its own betting shop in time for the European Championships.
In the fourth quarter, Maimon continued, BtoBet showed its value in signing first-tier operators such as Betfair and William Hill in Colombia to further strengthen Aspire's position on the continent.
As for the United States, Aspire made a breakthrough in New Jersey through a partnership between Rush Street Interactive (RSI) and leading gaming aggregator Aspire, Pariplay as the gaming operator has already introduced Pariplay's selection of casino games in the Garden State. In addition, Pariplay has been granted a temporary iGaming provider license in West Virginia .