Aspire Global’s B2C segment reported record high revenues in Q4 2020 and comprises the well-known European online casino brand Karamba alongside other local proprietary brands
Stockholm, 1 March 2021 – Leading iGaming provider Aspire Global today announces a review of its B2C segment. The review will assist the Company to focus on its growing B2B ambitions and its marketleading technology, while also accelerating the B2C’s revenue growth and reinforcing the record high revenues it achieved in Q4 2020.
The announcement follows Aspire Global’s Q4 and FY 2020 results on February 18 2021, with the company reporting record high revenues of €161.9 million for 2020 and the Group’s EBITDA amounted to a record €27.1 million. Aspire Global also announced an increase on margins of 16.7% – exceeding consensus expectations.
Aspire Global will provide more information about the outcome of the review in a timely manner.
Tsachi Maimon, CEO of Aspire Global, comments: “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.”