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Aspire Global Earned $48.5 Million per Quarter as a Part of NeoGames

15 november 2022
Author: James Burton
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The global brand Aspire has counted its revenue for the first quarter under the new leadership. As a part of NeoGames, despite some setbacks, the group has managed to gain 48.5 million USD.

Statistical Data

Aspire Global reports revenues of $48.5m

Aspire's earnings have grown by 8% during the last quarter. However, due to the difference in currency rates, other measurements report a decrease of 16%.

Overall, since June 2022 when it was acquired by the large provider, Aspire has greatly contributed to the makings of the partner. Comparing it to the third quarter of the last year, when the group made 20.2 million USD, the revenue was enhanced by a whopping 262%. The current reports are 73.3 million USD.

The NPI part of NeoGames' earnings made up 11.1 million USD, which is a great result compared to this period last year when the group amassed 8.3 million USD. The report considered it an impressive 34.3% growth.

NeoGames' earnings themselves went up by a significant percentage of 418.3%. What used to be 12 million USD last year, is currently 62.2 million USD.

Financial and Business Highlights

The parent company's EBITDA proceeds reached 17.6 million USD compared to last year's 7.5 million USD, rising by 135%. The firm got a bigger net loss in comparison to 2021 — 4.4 million USD.

The general report regarding the NeoGames iLottery activities states the overall earnings of 24.7 million USD, which is a quarter-by-quarter 8% rise and a 22% yearly increase.

Moreover, Aspire and its subsidiaries have signed some lucrative agreements recently:

  • BtoBet has struck a five-year deal with SOJOGO, an operator from Mozambique;
  • Pariplay has partnered with ATG, a wagering brand from Sweden;
  • Aspire itself has inked a contract with ITSP, a German entertainment distributor.

Comments from the Executive

Moti Malul, who represents NeoGames, gave opinions on the financial matters of the group. The expert stated his belief that the quarterly and yearly successes are direct indicators of the company's strong positions in the market. However, the executive said it was important to be mindful of the industry nuances.

In Mr Malul's words, some of the issues the enterprise had to face during these times were due to the unstable situation in exchange rates. This taught the brand’s employees to always be level-headed and accept that some things may not be possible to control.

Because of all the involved people making serious efforts to emphasise the company's strong sides, every line of the group's business reached success in the current quarter. The progress of the company's branches shows that the proprietary platform is of great significance to customers, and they see the business as one of the market leaders.

The executive's opinion considers such points:

  • clients appreciate the growth of the enterprise and see the technological progress of the company;
  • it is also important to shareowners since they value the firm’s powerful influence on the market.

More Insight

Mr Malul sounded proud of his group's performances, saying that they are a good sign for all the future profits and successes. The representative noted that it is the first quarter after the acquisition, and it shows that the purchase decision ended up being highly lucrative.

The expert specifically brought up the results of the lottery businesses run by the group, where the revenue rose by 22% and broke the ultimate company records. He talked about the stabilisation of this sector's profits and the success in managing to drive customers to the enterprise's production.

The other fruitful business branches he noted were:

Mr Malul stated that due to the subsidiary group and its active work, these sectors also managed to achieve significant growth of about 8%. Even though it is an early cooperation period for both groups, the prospects are optimistic and there are a lot of advantages to combined efforts.

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