Aspire Global Revenues Soar
Aspire Global has reported an extremely successful third quarter. The company has experienced exponential organic growth over the last three months, which has pushed it over its targeted earnings for the year.
It aims to reach it’s earning and profitability targets for 2022 next year.
The brand was founded in 2005 and is a leading provider of iGaming solutions. The company portfolio includes Casino and Sportsbook management, Customer Relationship Management in multiple languages, payment controls, customer support, and VIP management.
In addition to its services the company offers games from leading content developers and is licensed to operate in six countries.
Performance in Q3 saw the company report revenue increases of 48%. Of the increase, 50.5% is attributed in B2B growth and the company EBITDA increased by 48%.
Business highlights that contributed to the company’s growth included BetRegal migrating to the Aspire platform in October. The company also launched its new bingo offering, which was initially released in the Nordics.
In addition to its new Bingo vertical, the company released 60 new game titles and joined the competition for a Swedish Gaming License.
The company has shown tremendous growth in its third quarter, which has been consistent year-on-year. The revenues have soared, but the company’s profits have kept up with the growth. CEO Tsachi Maimon voiced his pride at the company’s excellent Q3 revenue and profit numbers.
The Company’s Growth Strategy
Aspire Global has been focused on streamlining its platform which resulted in new B2B partnerships and an increase in players. It also put more energy into developing in its regulated markets and experience competitive advantages and organic growth.
As regulations are becoming more stringent companies who are able to offer good customer care and long-term solutions to its clients benefit from the stricter requirements when compared to their competition. Aspire Global has done just that by ensuring it responds effectively and efficiently to changes in regulations.
What to Expect In Q4
There will continue to be a focus on regulated and soon to be regulated markets in the final quarter of the year. Having completed a successful migration of BetRegal to the company’s betting platform it will be looking to move more operators to its sports solutions.
The marketing and advertising efforts will continue to the end of the year so that the company can secure new partners ahead of 2019.