Aspire Global has released its Q4 results from 2021, capping the year in the same fell swoop as it caps the quarter. And what a time it has been: on an annual level both revenue and EBITDA grew at a record clip.
Annual revenue increased by 32% to €213m ($242m), while EBITDA was up by 29% to €35m, and earnings after tax saw a 72% increase to €22.6m. Per share earnings increased by 64.3% to €0.49.
In the fourth quarter alone performance was respectable: revenue increased by 14% to €50.9m, EBITDA decreased by 9.1% to €7.5m, and earnings after tax rose by 39% to €4.2m. Per share, earnings came to €0.09.
The quarter also saw significant growth in the American market after the European supplier's subsidiary Pariplay established a deal with BetMGM.
Latin America was also an area of growth for Aspire after another subsidiary, BtoBet, established a deal with FanDuel to provide player account management for Daily Fantasy Sports for Brazil.
In other news for the supplier, the company managed to divest itself of its B2C segment as of the beginning of December, 2021.
Finally, just after the completion of the quarter, NeoGames, the iLottery technology company, made an offer on NeoGames.
Speaking on this final matter, Aspire CEO Tsachi Maimon commented: “Aspire Global’s entire operations will form a new iGaming division within NeoGames. The objective of the combination is to generate significant long-term value for both sets of shareholders, by creating synergies and capitalizing on the key strengths of our two companies and positioning them both for expansion in new and existing markets.”
