Aspire Global reports a 31.7% boost in revenue during Q1
The CEO said the company has made significant progress in North American during the quarter.
Aspire Global has released its financial report for the first quarter of 2022. The company reported a 31.7% increase in revenue during Q1, yielding a quarterly net revenue total of $48.8m.
EBITDA for the first quarter rose by 18.7% and reached $8.6m. The EBITDA margin for Q1 was 17.8%.
Company earnings after taxes climbed by 4.7% to almost $5.1m, and earnings per share reached $0.11 during the first quarter.
Aspire Global CEO Tsachi Maimon commented: “We have a continued strong business momentum and the quarterly performance once again demonstrates the strengths of our offering and the capabilities of our highly motivated team.
“I´m especially proud to see the progress we have made in the quarter in North America as well as in regulated European markets by adding tier 1-operators to our client list and being awarded additional certifications. Aspire Global has clearly established itself as a leading iGaming supplier in regulated markets.”
Aspire Global’s Pariplay has recently been granted a supplier license in the Canadian province of Ontario. This opened the door for the company to gain access to the province’s online gaming market, which opened on April 4.
Maimon went on to comment about the company’s North American expansion: “Aspire Global has also made key progress in North America by obtaining the Gaming Labs International certification standard, GLI, for our offering. This enables us to launch our platform, sportsbook and managed services to the US and Canadian markets.
“Pariplay has recently signed a number of deals in the US with operators or distributors such as Rush Street Interactive, Golden Nugget Online Gaming, Inc., PlayUp Group, Amelco, BetMGM and GAN. We are now in a strong position to establish Aspire Global as a leading iGaming provider also in North America.”
Pariplay was founded in 2010 and has since become a part of Aspire Global Group. It currently has offices in Malta, Israel, Bulgaria, Gibraltar and India. The company is licensed and regulated by the Gibraltar Gambling Commission, the MGA, the UKGC, the Romanian National Gambling Office, the New Jersey DGE, West Virginia Lottery and Michigan’s MGBC.
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