Investors in Swedish online gambling solutions provider Aspire Global will be a celebrating a 20 percent rise in share price following the company's record performance in Q3-2018, which included the following highlights:
* Revenue was up a record 48 percent y-o-y in the quarter at Euro 28.6 million, thanks to impressive growth in its B2B activity, where revenue surged 51 percent to Euro 15.2 million;
* EBITDA up 48 percent at Euro 6.2 million;
* First-time depositors up by more than half to 96,600;
CEO Tsachi Maimon said the results vindicated the company strategy on expansion in regulated markets, which has included applications to operate in the UK, Denmark, Belgium, Portugal, Italy, Malta and more recently the Swedish market.
“We maintain our focus on regulated or soon-to-be regulated markets,” Maimon said. “We see great opportunities for a company with our profile to gain market shares in the changing landscape.”
Maimon advised that the company expects to launch between two to four signed brands as the new year commences.