iBET ETF Insights: The iGaming company, Raketech, has just unveiled their revenue numbers for Q3 and the company is posting some solid growth. The report from Raketech shows revenue at €12.9 million which translates to $12.8 million, a 35% increase from its prior Q3. Raketech also made good strides with adjusted EBITDA jumping up 17% year over year to €4.8 million as well as operating profits which posted a 22% increase from €2.3 million to €2.9 million. The CEO of Raketech commented on the report stating, “As expected, activity picked up during the third quarter, driven by seasonality and a continuous positive momentum within our core affiliation segment as well as additional growth from our new business segment, AffiliationCloud.”
Categories Sports Betting & Gaming News