Raketech Group Holding PLC (OSTO:RAKE)

Q4 2024 Raketech Group Holding PLC Earnings Call Transcript

Feb 19, 2025 / 08:00AM GMT

Release Date Price: kr3.27 (-9.04%)

Transcript

Key Points

Positve

Raketech Group Holding PLC (OSTO:RAKE) reported a total revenue of EUR61.2 million for the full year, with an adjusted EBITDA of EUR15.7 million.
The company has initiated four new strategic partnerships in the affiliation marketing vertical, which are expected to enhance profitability and long-term growth.
Affiliation cloud, the in-house developed sub-affiliation platform, achieved a 74% organic growth compared to Q4 last year.
Denmark has emerged as a growth market for Raketech, with significant increases in casino traffic.
The company has maintained strong relationships with publishers and operators, positioning itself to scale up business when market conditions improve.

Negative

Q4 revenues decreased by 45.9% year on year, with a significant decline in the Kasumba assets.
The company reported a non-cash impairment of EUR48.5 million related to non-core assets acquired pre-IPO.
Sub-affiliation revenues dropped by 54% compared to the strong Q4 of the previous year.
The U.S. tipster subscription business did not meet expected outcomes, prompting a strategic review of this vertical.
Increased local taxes in Sweden have negatively impacted revenue share contracts, leading to a decline in revenue from the Swedish market.

Operator

Welcome to the Raketech Q4 2024 report presentation. (Operator Instructions).

Now I will hand the conference over to CEO Johan Svensson and CFO Mans Svalborn. Please go ahead.

Johan Svensson

Raketech Group Holding PLC - Acting Chief Executive Officer, Chief Commercial Officer

Good morning and welcome to Raketech's Q4 2024 presentation. My name is Johan Svensson, and I'm the CEO of Raketech.

Today Chief Financial Officer Mans Svalborn and I are here to present Raketech Q4 report and the full numbers of 2024.

We will as well share an update regarding a new strategic direction when it comes to our affiliation marketing vertical, but first we will start with our Q4 financial highlights.

We came in at EUR12.3 million in revenues in Q4, an organic decrease of 45.9% year on year and 42.6% adjusted for the divestment of the advisory tips to business.

Adjust an EBITDA of EUR3.2 million a decrease of 46.2% year on year with an EBITDA of EUR3 million.

Total revenue for the full year of EUR61.2 million with an

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