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Strong first quarter for Raketech as revenue and profit soars

22nd May 2019 8:11 am GMT

Stockholm-listed iGaming affiliate Raketech has reported a 78 per cent increase in total revenue to €8.7m for the first quarter of 2019.

The company saw organic growth of 21.5 per cent during the quarter, driven by higher traffic volumes, particularly from casino products and TV sports guides.

Revenue was also boosted by other non-operating income of €2.3m relating to a waived liability regarding one related party. Excluding this, revenue would have been up 32 per cent year-on-year.

“The [...]

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