Aspire Global is Reviewing the Role of the B2c Segment within the Group Structure
Aspire Global’s B2C segment reported record high revenues in Q4 2020 and comprises the well-known European online casino brand Karamba alongside other local proprietary brands.
Leading iGaming provider Aspire Global today announces a review of its B2C segment. The review will assist the Company to focus on its growing B2B ambitions and its market-leading technology, while also accelerating the B2C’s revenue growth and reinforcing the record high revenues it achieved in Q4 2020.
The announcement follows Aspire Global’s Q4 and FY 2020 results on February 18 2021, with the company reporting record high revenues of €161.9 million for 2020 and the Group’s EBITDA amounted to a record €27.1 million. Aspire Global also announced an increase on margins of 16.7% - exceeding consensus expectations.
Aspire Global will provide more information about the outcome of the review in a timely manner.
Tsachi Maimon, CEO of Aspire Global, comments: “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. 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.”
For more information please contact:
Tsachi Maimon, CEO, tel: +346-3645 2458 or email: investors@aspireglobal.com
Motti Gil, CFO, tel: +356-9924 0646 or email: investors@aspireglobal.com
About Aspire Global:
Aspire Global is a leading B2B-provider of iGaming solutions, offering companies everything they need to operate a successful iGaming brand, covering casino and sports. The B2B-offering comprises of a robust technical platform, proprietary casino games, a proprietary sportsbook, and a game aggregator. The Group operates in 26 regulated markets spanning Europe, America and Africa, including countries like the US, UK, Denmark, Portugal, Spain, Poland, Ireland, Nigeria, Colombia and Mexico. Offices are located in Malta, Israel, Bulgaria, Ukraine, North Macedonia, India, Italy and Gibraltar. Aspire Global is listed on Nasdaq First North Premier Growth Market under ASPIRE. Certified Advisor: FNCA Sweden AB, info@fnca.se, +46-8-528 00 399. Please visit www.aspireglobal.com