Aspire Global to carry out B2C review
Aspire Global has released details on its new strategies that will be carried out soon, which will see the company conducting an in-depth review of its B2C segment, what will be helping the company to figure out what options it can utilize to boost its revenue. The provider has stated that this review will make it focus on its ‘growing B2B ambitions’ and the improvement of its technology.
The choice to conduct such a review was made when the company’s B2C division achieved record results as it published its 2020 results back in December. Aspire Global went on to mention that revenues rose by 29% to €14.3 million, up from €11.1 million, even though it was mostly exposed to heavily taxed markets.
The group’s full-year revenues came down to €161.9 million, and its EBITDA reached a high of €27.1 million, the highest it’s ever been.
Aspire Global CEO Tsachi Maimon stated:
“We are very pleased with the growth and results recently recorded by the business’ B2C segment, but we think a review will assist us to better assess our options to further accelerate our growth. Such a move could help improve Aspire Global’s overall margins and EBITDA and potentially help us accelerate new B2B initiatives and enter fresh markets. Overall, we are well positioned to capitalise on the array of opportunities available to us in the global, fast-growth iGaming industry.”