Sweden · Delayed Price · Currency is SEK Raketech Group Holding Earnings Call Transcripts
Fiscal Year 2026
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Revenue fell 36% year-over-year due to SubAffiliation phase-out, but EBITDA improved sequentially as Nordic organic assets grew. New media initiatives and an exclusive Nordic publisher agreement are expected to drive future growth, while regulatory changes in Finland and Denmark pose risks.
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.