Sweden · Delayed Price · Currency is SEK Raketech Group Holding Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw a 45.5% year-on-year revenue decline after the Casumba asset sale, with cost discipline supporting an 18.8% EBITDA margin. The paid publisher network is being phased out, while new product launches and a platform-first strategy aim to drive future growth.
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Kasumba assets were divested for EUR 12 million, with Q3 revenue from continued operations at EUR 6.2 million, down 42.2% year-on-year. Growth in the organic publisher network offset declines in the paid network, while focus shifts to Affiliation Cloud and exclusive partnerships.
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Q2 2025 saw revenues drop 53.8% year-on-year to EUR 7.8 million, mainly due to declines in Casumba and paid sub-affiliation, but cost savings and divestment of US tipster assets improved profitability. Entrepreneurial partnerships drove 5% growth in the core affiliation marketing portfolio.
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Q1 2025 revenue dropped 48.8% year-on-year to EUR 9.8 million, with adjusted EBITDA down 52.6% to EUR 2.4 million. Strategic focus shifted to a platform-first approach and entrepreneurial partnerships, now generating 50% of affiliation marketing revenue. Cost savings reduced expenses by 34%.
Fiscal Year 2024
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Q4 2024 revenue dropped 45.9% year-on-year to EUR 12.3 million, with adjusted EBITDA down 46.2%. Four new strategic partnerships were announced, and Affiliation Cloud delivered 74% organic growth. Sub-affiliation and Casumba assets faced declines, while Denmark and Italy showed growth.
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Q3 2024 saw a 39.9% organic revenue decline and a 44.6% drop in adjusted EBITDA, with operational challenges from Google updates and market conditions impacting key assets. Cost savings and strategic partnerships were realized, but full-year guidance is unlikely to be met.
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Q2 2024 saw revenues of EUR 17 million, with sub-affiliation up 29.7% year-over-year but in-house assets down 25.9%. Adjusted EBITDA guidance for 2024 is set at EUR 17–19 million, with strong sports asset growth and a completed Casumba earn-out.