Raketech's Q4 2024 Conference Call: A Glimpse into the Future of iGaming

Generado por agente de IAWesley Park
viernes, 7 de febrero de 2025, 7:34 am ET2 min de lectura
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As the iGaming industry continues to evolve and grow, so too do the opportunities for investors to capitalize on its potential. One company that has consistently demonstrated its ability to adapt and thrive in this dynamic landscape is Raketech Group Holding PLC. On February 19, 2025, Raketech will host its Q4 2024 conference call, providing investors with a unique opportunity to gain insights into the company's performance and strategic direction.



Raketech, a leading online affiliate and content marketing company, has expertise in delivering comparison services for sports and gaming, online guides, communities, and social media products. The company's shares are listed in Nasdaq First North Premier Growth Market with ticker RAKE, and Carnegie Investment Bank AB (publ) is its Certified Adviser.

In the first quarter of 2024, Raketech reported revenues of EUR 19.0 million, marking an impressive organic growth of 20.1%. This growth was primarily driven by the strong performance of its sub-affiliation segment, which demonstrated a year-on-year revenue increase and maintained a strong EBITDA contribution. The company's Acting CEO, Johan Svensson, expressed confidence in the market-leading product offerings and the promising growth opportunities through strategic initiatives in sports offerings, exclusive partnerships, and media deals.



However, the company has not been immune to market headwinds. In Q3 2024, Raketech reported a challenging environment, with revenues declining by 39.9% compared to a very strong Q3 2023. The company attributed this decline to a softer performance within affiliation marketing due to the unexpected magnitude of the Google update completed at the end of April. Despite these challenges, Raketech remains committed to maximizing shareholder value and has implemented SEO recovery strategies and improved content quality to mitigate future risks and ensure sustainable growth.



In light of Raketech's decision to withdraw its dividend proposal for 2024, the company plans to allocate its capital to support long-term growth and value creation for shareholders. By retaining the capital that would have been distributed as dividends, Raketech can invest in strategic initiatives that will position the company well for continued growth in the coming years. These initiatives include investments in sports offerings, exclusive partnerships, and media deals, as stated by the Acting CEO, Johan Svensson:

"In the first quarter of 2024, we delivered EUR 19.0 million in revenues, representing an organic increase of 20.1%, primarily driven by Sub-affiliation. Adjusted EBITDA came in at EUR 5.1 million, while EBITDA was EUR 4.3 million, consistent with our trading update published on 1 May. We remain confident in our market-leading product offerings and see promising growth opportunities through our strategic initiatives in sports offerings, exclusive partnerships, and media deals. These efforts will position us well for continued growth in the coming years, and we remain committed to maximizing shareholder value."

By focusing on these strategic initiatives, Raketech aims to create long-term value for its shareholders by expanding its market reach, enhancing its product offerings, and strengthening its competitive position within the iGaming industry. This approach aligns with the company's commitment to delivering value to shareholders and continuing to evaluate opportunities to enhance shareholder returns in a way that supports its long-term value-creation objectives.

In conclusion, Raketech's Q4 2024 conference call presents an exciting opportunity for investors to gain insights into the company's performance and strategic direction. With a strong focus on sub-affiliation, a commitment to mitigating future risks, and a dedication to maximizing shareholder value, Raketech is well-positioned to continue its growth trajectory in the dynamic iGaming industry. As an investor, attending this conference call can provide valuable information to make informed decisions about your portfolio.

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