Aspire Global has reported a 23% year-on-year revenue rise for full-year 2020, up to €161.9m ($195.3) after a strong showing in Q4.
The gaming supplier’s EBITDA increased by 25% to €27.1m for the period ending 31 December, while EBIT was up 17% from 2019 to €20.8m.
Its income after tax rose from €1.9m in 2019 to €15m for 2020, while first time depositors (FTDs) increased by 17%, up to €519,900.
For Q4 2020, the supplier’s revenue was up 38% to €44.4m, while its EBITDA increase by 90% coming in at €8.3m. EBIT also saw a significant rise, up 100% to €6.3m, while income after tax increased to €4.2m after a €11.6m loss a year prior.
The supplier cited the rise in revenue due to its expansion in Q4, which saw it acquire BtoBet in September for a purchase price of €20m in cash. It also entered Spain, Russia and West Virginia in 2020, with its Pariplay brand launching its games through Rush Street Interactive in New Jersey.
Aspire Global CEO Tsachi Maimon also touched upon the supplier’s expansion in Latin America through partnerships with Betfair and William Hill in Colombia and is targeting further 2021 expansion in Europe and the US.
Maimon said: “Over the past twelve months we have created a new Aspire Global and established the company as a powerhouse for online gaming operators. I dare to be bold and say that Aspire Global has unique assets that give the company a strong position with huge growth potential.”