RAKETECH Q2 REVIEW
AT A GLANCE
22
Affiliate Monitor Company-by-company Q2 results analysis
RAKETECH Q2 REVIEW
AT A GLANCE
• The company delivered another all-time revenue record , up 56 % to € 17.6m
• EBITDA was also up 44 % YoY to € 5.5m
FEBER PITCH
The benefits of having completed the earnout commitments on the CasinoFeber acquisition were identified by the company as one of the reasons for the strong second quarter , alongside continued strength in the subaffiliation business .
Chief executive Oskar Mühlbach told analysts that the operational costs were subsequently increased but without the money going to the previous owners of the site , the margin had increased .
The quarter ’ s success encouraged Mühlbach to extol the virtues of having a solid business with simple metrics .
“ Consumers find us primarily through search engines and volatility between the quarters is relatively limited ,” he said . “ To establish a strong digital product , we either need to invest substantially , both in terms of money and time . Alternatively , we acquire an already successful product and fine tune it over time .”
Chart 11 : Raketech revenue Q321-Q223 (€ m )
20 |
18 |
17.6 |
16 14 |
15.7 |
15.8 |
12.7 |
13 |
12 |
11.8 |
11.3 |
10 |
9.6 |
8 |
6 |
4 |
2 |
0 |
Q321 |
Q421 |
Q122 |
Q222 |
Q322 |
Q422 |
Q123 |
Q223 |
Chart 12 : Raketech NDCs Q321-Q223
60,000 |
58,117 |
54,846 |
52,295 |
|
50,000
40,000
|
42,726 |
40,964 |
39,552 |
35,523 |
33,776 |
30,000 |
20,000 |
10,000 |
0 |
Q321 |
Q421 |
Q122 |
Q222 |
Q322 |
Q422 |
Q123 |
Q223 |
iGB Affiliate Monitor