iGaming operator report for Q2 2025 showed that the quarter was full of adjustments. Likewise, Affiliates also used the time to refine and reposition themselves. Regulation,...
Raketech reports steady Q3 2025 performance
Raketech has shared its Q3 2025 report, announcing steady performance across its core Affiliation Marketing portfolio and continued progress in shifting towards a more decentralised, partnership-driven business model.
Revenue from ongoing operations (excluding Casumba) was €6.2 million, a noticeable decline when compared to 2024’s €10.7 million. Moreover, Raketch completed the sale of its Casumba assets in September for €12 million, payable over four years, which led to a one-time accounting loss of about €10 million. However, these events did not affect cash flow or day-to-day operations.
Adjusted EBITDA from continuing operations reached €1.2 million, slightly down from €1.3 million in Q3 2024. Free cash flow stood at €1.1 million, affected by tax payments during the quarter.
Raketech CEO Johan Svensson commented:
“With a cleaner structure, stronger partnerships, and growing momentum in our Organic Publisher Network, Raketech enters the final quarter of the year with a sharper focus and enhanced flexibility to deliver on our platform-first strategy.”
The Affiliation Marketing portfolio, excluding Casumba, stayed mostly stable, generating €4.3 million compared to €4.6 million last year. SubAffiliation revenue remained €1.9 million.
Raketech’s Organic Publisher Network showed strong growth, rising to €0.9 million in revenue from €0.5 million in Q2. This improvement came from a new partnership with a major US sports betting and casino publisher launched back in August 2025.
Q2 2025 brought in plenty of action for iGaming operators. This Q2 earnings report takes a look at how the big players—Betsson, BetMGM, Flutter, Wynn, and DraftKings handled...
