Aspire Global looking to go international in 2021
Aspire Global’s main priority for this year is to expand its international scope after it ultimately decided to broaden its reach when it witnessed massive growth in 2020.
In the report detailing the company’s Q4 results for last year, there was a noticeable 37.6% rise in revenues, going from €32.2 million in the last quarter of 2019 to €44.4 million in 2020. The company’s EBITDA also saw an increase as it reported €8.3 million, which marks an 89.9% rise up from €4.4 million in Q4 of 2019.
Aspire Global mentioned that this increase in revenue mirrored the ‘continued good business momentum related to the attractiveness of the broad iGaming offering combined with the company’s market know-how and expansion to markets outside Europe’.
However, the income flowing in from the Nordics went down by about 30% during Q4, reaching a low of €3.7 million. Still, Aspire did not fail to mention that after ‘significant investment by the B2C segment’, the revenues witnessed an increase of 155% (to reach €11.2 million) in the Irish and British markets.
The “Rest of Europe” brought in a 15% increase in the fourth quarter. The biggest growth recorded in the company though was in the “Rest of the World” category with a massive 325% boost going up to €5.1 million.
Aspire believes that this growth was a reflection of ‘the group’s geographic expansion plans and the consolidation of BtoBet’, with the provider now present in four continents – marking a shift from its previous focus on the European markets.
In the last quarter of the previous year, the company declared that all of its divisions recorded impressive growth. In the meantime, BtoBet, who was recently taken over and is considered a sub-segment now, brought €2.2 million in revenues. The Aspire Core and Games divisions also grew by 26.8% and 61.7% respectively.
Viewing the year completely, the company has amassed €161.9 million in revenue, a great 23.2% increase from the previous year’s €131.4 million.
In addition, several more payment methods have been made available, the speed of the sites has improved following significant investments in IT infrastructure and Aspire Core’s partners can now offer their players additional currencies. These improvements have contributed to the attractiveness of the Aspire Core offering and the increase in revenues during the period.
Aspire Global CEO Tsachi Maimon said in a comment:
“We have succeeded in establishing Aspire Global as a powerhouse for iGaming operators and see great opportunities for continued profitable growth. Our recent wins with tier 1 operators, our broad geographic footprint in four continents and outstanding offering provide us with a solid base for further expansion. In 2021, our top priorities are to roll out our sports offering in Europe, Africa and Latin America, and to certify the sports platform for future US deals. This will enable us to continue to grow our customer base with tier 1 operators and to build a strong market presence in the US for our B2B offering.
Over the past twelve months we have created a new Aspire Global and established the company as a powerhouse for iGaming operators. I dare to be bold and say that Aspire Global has unique assets that give the company a strong position with huge growth potential. Prior to the acquisitions of BtoBet and Pariplay, Aspire Global was a European focused company with revenues mainly from casino. Today Aspire Global is present in four continents and we provide a complete, leading iGaming offering with proprietary games and games aggregation along with a sportsbook, gaming platform and managed services. This is key to our partners when they develop their expansion plans and provides us with competitive advantages.”