The company reports total revenue of EUR55.8m which was 17% better than our estimate of EUR47.7m. The solid topline comes both on the back of B2B and B2C while the beat in the latter was strongest. In the B2B segment Core continued to grow sequentially while the strongest YoY growth was seen in the Games segment and the Sports segment. On EBITDA, the outcome was 24% ahead of our estimate where Aspire highlights increased profitability driven by strong performance in BtoBet and Pariplay coupled with good cost control.
Looking at the geographic mix, Aspire continues to perform strong in UK and Ireland together with Rest of World while there was also a sequential increase in Nordics and Rest of Europe which had seen more flattish development in recent quarters.
Aspire reiterates a positive outlook for the full year where it is confident to reach its financial targets. The company also highlights solid long term growth opportunities mentioning among other progress in US and potential to grow its sportsbook offer in Europe.
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