Acroud has released its Q2 results, which show revenue of €7.2m ($7.4m) and an annual growth rate of 16%.
The affiliate’s figures also show a 55% increase in EBITDA of €1.8bn ($1.86m) over the previous year.
These figures are stable, but they show slowed growth when compared to Acroud’s Q1 report, which showed a 26% increase in revenue over 2021.
The most important news from the second quarter report is that Acroud has secured a re-financing of the company’s bond loan. In the report, Acroud said of its refinancing, ‘In a period of very uncertain market conditions, we have successfully placed SEK 225m ($22.4m) of senior secured floating rate bonds to investors in the Nordics and continental Europe.’ Furthermore, obtaining the refinancing provides us with momentum to continue developing Acroud with a focus on profitable organic growth and delivering on our strategic agenda.’
“Over the past quarters, Acroud has transformed from a conventional player with comparison sites into a robust iGaming ecosystem offering both Affiliation services and B2B SaaS solutions within the Media and Marketing space,” Acroud CEO Robert Andersson said of the positive Q2 results.
“This strategic restructure has established our new solid structure to create a lower volatility business profile with more stable revenues and higher profitability,” he adds. As a result, Acroud can now enter its high growth phase, and I am pleased that we have secured financing to continue executing our strategy.”
Overall, Acroud’s first six months of 2022 have been fruitful, with a 21% growth rate and total revenue of €14.2m ($14.6m).