Affiliate Industry
Raketech Delivers a Strong Q3 in Line with Previously Increased Trading Update

Raketech Group Holding Plc announced the third quarter interim report in line with the increased trading update from July 24 with a total revenue of EUR 21.5 million and an organic growth of 66% Y/Y, adjusted EBITDA grew by 16.5% Y/Y to EUR 5.6 million. The company is expected to close 2023 in line with previously increased guidance of EBITDA at EUR 23-25 million as well as net cash flow in the interval of EUR 13-15 million, while beating guidance with regards to revenue of EUR 65-70 million.
“We are pleased to report another strong quarter, in line with the updated trading guidance for 2023. The team reached an all-time high in revenue performance and organic growth and a solid EBITDA, supported by the strong demand for our infrastructure solutions in Sub-Affiliation, and complemented by stable growth at higher margins in our core segment Affiliation Marketing,” Oskar Mühlbach, CEO of Raketech, said.
Q3 2023 Financial Highlights
- Q3 of 2023 reached an all-time high in terms of revenues, totaling EUR 21.5 million (EUR 13.0 million) with an organic growth of 65.8% (14.2%).
- Adjusted EBITDA grew by 16.5% Y/Y to EUR 5.6 million, driven by strong development in Casumba, part of Flagship strategy, and significant growth within sub-affiliation.
- With three solid quarters behind, the company expect to comfortably close 2023 in line with the previously increased guidance of EBITDA at EUR 23-25 million as well as net cash flow in the interval of EUR 13-15 million, while beating guidance with regards to revenue of EUR 65-70 million.
- Adjusted Operating profit amounted to EUR 2.3 million (EUR 2.9 million), impacted by increased non-cash affecting amortisation following adjustments attributable to amounts committed on acquisitions relating to Casumba.
- The calculation period for the largest share of the contingent consideration relating to the acquisition of Casumba is coming to an end in December this year, which means that the company can, with a high degree of certainty, determine the majority of the earnout.
Subsequent Events After the End of the Period
Revenues in October 2023 amounted to EUR 7.7 million (EUR 5.0 million).
-
eSports4 days ago
Post Malone to Headline Esports World Cup 2025 Opening Ceremony in Riyadh
-
Gambling in the USA7 days ago
Gaming Americas Weekly Roundup – June 9-15
-
Affiliate Industry5 days ago
TESTA debuts TESTA Score, allowing operators to benchmark UX
-
Compliance Updates6 days ago
Ukrainian Gambling Companies Develop Software to Detect Illegal Online Casinos
-
eSports6 days ago
Brook Gaming Launches Wingman FGC 2 in UAE
-
Australia6 days ago
ACMA: TAB Penalised $4 Million for Spamming VIP Customers
-
eSports7 days ago
ESIC Welcomes Thunderpick to Its Anti-Corruption Supporter Network
-
Latest News4 days ago
Week 25/2025 slot games releases