According to Raketech Group’s Q2 2022 report, revenue in its core portfolio of affiliation marketing increased from €8.8m ($8.9m) to €11.3m.
Revenue from the United States increased to €1.3 million (from €0.3 million). Meanwhile, sports revenue totaled €3.5m (up from €1.3m), accounting for 31% of total revenue in Q2.
Revenue from the recently launched Affiliation Cloud was €0.2m, and adjusted EBITDA was €4m (up from €3.4m), resulting in a 35% margin.
In terms of operational highlights, the report noted that most assets performed well following the recent Google core update.
Raketech CEO Oskar Mühlbach stated, “Q2 of 2022 was yet another stable quarter for Raketech Group.” Despite challenging market conditions and low seasonality, our core portfolio of affiliation marketing assets delivered results in line with Q1.
“Once again, Raketech’s well-diversified asset portfolio, as well as our well-balanced vertical and geographical split, have proven their worth.” Total revenue for the quarter was €11.3 million, representing a 29% increase.”
“I am very pleased to see that our diversification strategy and strong operational delivery focus are paying off,” he concluded. Raketech is in a position where we are, perhaps not immune, but extremely resilient to sudden changes in the world around us.
“Not only are we resilient, but we are also well positioned for growth in terms of products, markets, and various revenue streams in the ever-changing and growing global iGaming industry.” With that said, I am looking forward to the end of this year.”