Sof2Bet reveals 2024 report with doubled EBITDA
Soft2Bet, a leading iGaming turnkey solutions provider, has unveiled its 2024 Growth Report, which would be the first major public report in 9 years.
The report was supported by exclusive opinions and insights by prominent figures in the industry, such as:
- Uri Poliavich – Founder and CEO at Soft2Bet
- Eman Pulis – Founder of SiGMA
- Yuliya Khrenova – Legal & Compliance Officer at iGaming Academy
- Rasmus Sojmark – CEO & Founder of SBC
- Irina Cornides – COO at Pragmatic Play
- Magnus Olsson – CCO at Play’n GO
- Dinos Stranomitis – Director & COO at Altenar
The company’s EBITDA doubled year over year, indicating substantial financial growth powered by market expansion and product innovation. Key milestones include obtaining licenses in regulated markets such as Ontario, Mexico, Sweden, Greece, and Romania, as well as making considerable headway in entering the United States and expanding into Spain.
Innovations such as the Motivational Engineering Gaming Application (MEGA) and AI-powered tools have increased engagement and retention, resulting in a 65% increase in net gaming revenue (NGR), a 45% increase in average revenue per user (ARPU), and a 50% increase in deposits.
The report also emphasizes Soft2Bet’s industry leadership and dedication to corporate responsibility. In 2024, the company had 38 award nominations and won 10 for product innovation and performance. Soft2Bet Invest, a €50 million iGaming Innovation Fund, demonstrates its commitment to driving innovations in AI, UX analytics, and high-margin gaming solutions.
The corporation also focused corporate social responsibility, establishing 9 impactful programs and donating more than €821,000 to non-governmental organizations.
With its outstanding financial performance, innovative features, and global expansion, Soft2Bet continues to establish new standards in the iGaming industry.