Aspire Global eyes new growth options with B2C review

Aspire Global eyes new growth options with B2C review

Aspire Global has outlined new plans to carry out a review of its B2C segment which will support the iGaming solutions provider in identifying new options for revenue growth.

The review, says the supplier, will help the company to focus on its ‘growing B2B ambitions’ as well as the development of its technology.

The decision comes after the group’s B2C division had achieved ‘all-time high’ results. Publishing its Q4 and full-year trading results in December 2020, Aspire Global noted that revenues increased by 29% from €11.1 million to €14.3 million despite ‘higher exposure to taxed and locally regulated markets’.

Meanwhile full-year revenues across the entire group amounted to €161.9 million while EBITDA hit ‘record’ highs of €27.1 million.

“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,” commented Tsachi Maimon, CEO of Aspire Global. 

“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.” 

Source: SBC News