Q3 2025 Raketech Group Holding PLC Earnings Call Transcript
Key Points
- Raketech Group Holding PLC (OSTO:RAKE) successfully divested the Kasumba assets for EUR12 million, which will be paid over four years, reducing regulatory risk exposure.
- The company secured its first large exclusive publisher agreement for its affiliation cloud, contributing to a significant increase in revenue from EUR0.5 million in Q2 to EUR0.9 million in Q3.
- Raketech's organic publisher network showed strong growth, particularly in the US market, aligning with the company's strategic focus on expanding its organic publisher base.
- The company has maintained stable sales in its affiliation marketing portfolio, excluding Kasumba assets, supported by strong Nordic assets in sports and casino products.
- Raketech has implemented improvements in its affiliation cloud platform, automating key processes and enhancing data tools, making the platform more scalable and efficient.
- Raketech experienced a 2.2% year-on-year organic revenue decrease for continued operations, excluding Kasumba, and a 9.6% decline compared to Q2.
- The paid publisher network within sub-affiliation faced operational challenges, leading to minimal new traffic and contributing to the revenue decline.
- Affiliation marketing revenue, excluding Kasumba, saw a 7% year-on-year decline, partly due to the absence of major football championships.
- The company's EBITDA margin has been impacted by the business mix, particularly the lower-margin sub-affiliation and affiliation cloud segments.
- Raketech's cost base remains a concern, with transitional costs from disposed US assets still affecting Q3, although efforts are being made to reduce costs further.
Welcome to the Raketech Q3 2024 report presentation.
(Operator Instructions)
Now I will hand the conference over to CEO Johan Svensson and CFO Mans Svalborn. Please go ahead.
Good morning and welcome to Raketech Q3. Presentation 2025. My name is Johan Svensson and I am the CEO of Raketech. Today' CFO Mans Svalborn. And I am here to present our Q3 report. Starting with financial highlights, the Kasumba assets were divested on September 24th for EUR12 million plus an interest component. The payment consideration will be Paid over four years starting during Q4.
The background to the divestment was increased regulatory risk in the local Region.
The continued operations, excluding Kasumba assets came in at EUR6.2 million in revenue for the quarter, an organic decrease of 2.2% year on year and down 9.6% compared to Q2.
The vast majority of the revenue decline came from a paid publisher network within sub-affiliation, where our paid publishers have
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