Across the board, the iGaming affiliate marketing and B2B SaaS solutions firm, Acroud, reported impressive Q2 earnings, boasting a 21% revenue surge year-on-year. This performance maintains the upward trajectory established in Q1 when the organization surpassed projections.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also witnessed a substantial rise, leaping 55% compared to the corresponding period the previous year. This expansion can be linked to the company’s calculated transition from a conventional comparison website model to a more all-encompassing iGaming environment.
Notwithstanding the robust performance, Acroud did encounter a minor deceleration in expansion relative to the first quarter, where revenue had escalated by 26%. This is not unforeseen, as the company adapts to its revamped framework and prioritizes enduring, lucrative growth.
In a noteworthy accomplishment, Acroud effectively refinanced its bond debt during the second quarter. This strategic maneuver, achieved despite volatile market circumstances, furnishes the company with the financial security to pursue its expansion strategy.
CEO Robert Andersson conveyed his contentment with the second-quarter outcomes, underscoring the successful evolution of Acroud. He stressed that this strategic reorganization has established the groundwork for a more adaptable business framework with enhanced revenue consistency and augmented profitability.
The firm expressed excitement about embarking on a period of rapid expansion, acknowledging the crucial role of the secured funding in propelling their strategic goals forward.
This promising development is underscored by their impressive results in the initial six months of 2022, which saw a significant 21% increase in revenue, reaching €14.2 million (equivalent to $14.6 million).
