Quote from Johan Svensson, CEO “Q1 2025 marked a period of strategic consolidation and operational focus for Raketech. Despite a year-on-year revenue decrease we have made good progress in aligning the business around our platform-first model and long-term growth priorities. With AffiliationCloud now at the core of how we operate, and a strengthened financial position following key decisions, we are confident in our ability to scale efficiently and deliver sustainable value.”
Raketech Group Holding Plc (“Raketech” or “the Company”) today announces that it has reached an agreement to extend the earnout payment period related to the acquisition of Casumba Media Ltd. The final earnout payment of EUR 20.6 million, originally due in September 2026, will now be payable up until March 2028. The option to settle part of the remaining earnout in Raketech shares has been removed, with the remaining payments to be made in cash.
As of today, April 11, 2025, the Annual Report 2024 for Raketech Group Holding Plc is available on the company website: https://raketech.com/investor-relations/ For more information, please contact: [email protected] About Raketech…
P.L.C. in accordance with Article 57 of the Articles of Association of the Company (the “Articles”).
Raketech has been informed that Ulrik Bengtsson has accepted a role as full-time CEO of an international company. Ulrik has consequently informed the Board that this new role will eventually…
Quote from Johan Svensson, CEO “Q4 2024 revenues reached EUR 12.3 million, compared to a strong Q4 2023 of EUR 22.8 million (including EUR 1.3 million from the divested advisory business). Adjusted EBITDA for Q4 2024 amounted to EUR 3.2 million (EUR 6.0 million), while EBITDA was EUR 3.0 million (EUR 6.0 million), consistent with the trading update issued on 4 February 2025. Following a challenging year, we have thoroughly evaluated our Affiliation Marketing assets and their alignment with Raketech’s established commercial and operational strengths. This will enable the company to concentrate more on strategic partnerships, exclusive commercial agreements with operators and the development of AffiliationCloud.”
Raketech Group Holding PLC today announces a non-cash intangible assets impairment charge of EUR 48.5 million and a trading update for the fourth quarter of 2024.
Quote from Johan Svensson, CEO “Revenues in Q3 2024 totalled EUR 12.9 million, down 39.9% compared to a very strong Q3 2023 (EUR 21.5 million, of which EUR 0.4 million from the divested advisory business), with adjusted EBITDA of EUR 3.1 million (EUR 5.6 million) and EBITDA of EUR 3.0 million (EUR 5.6 million) reflecting lower sales in all business areas. We have continued our evaluation of all products and business areas to better position ourselves for sustainable, long-term growth and operational efficiency. These initiatives have resulted in the successful sale of ATS Advisory on July 31st and the formation of two strategic partnerships within Affiliation Marketing, as well as realizing cost savings following the review of our operating model.”
October 24, 2024 – Raketech Group Holding Plc (Nasdaq: RAKE) the iGaming performance marketing partner has appointed its nominating committee.
16 October 2024 — Raketech Group P.L.C. (“Raketech” or the “Company”) today announced it will issue shares in connection with an earnout consideration payment to the founders of Casumba.
Quote from Johan Svensson, CEO “Revenues in Q2 of 2024 totalled EUR 17.0 million (EUR 17.6 million). Strong growth in sub-affiliation were offset by a decline in affiliation marketing. EBITDA was EUR 4.4 million compared to adjusted EBITDA of EUR 5.5 million of last year, in line with expectations. The impact of the Google update was most evident for our Casumba assets in Q2, and we have acted swiftly by mobilizing resources from across the company to strengthen the team. A comprehensive business audit was finalized in connection with the end of the Google update. This has led to several initiatives around enhanced content focused on a broader audience, technical product improvements, SEO optimization and full focus on user experience. We have made progress in stabilizing performance, albeit at a reduced level, and we feel confident that our actions will return the assets to growth.
15 July 2024 — Raketech Group P.L.C. (“Raketech” or the “Company”) today announced it will issue shares in connection with an earnout consideration payment to the founders of Casumba.
