Raketech Plc seeks to stabilise its financial performance, following a ‘challenging period’ for its business impacted by Google changes and a downturn in the performance of its Casumba media assets. Publishing its Q2 accounts, the Nordic Nasdaq igaming media publisher reported a 3% decline in corporate revenues to €17m. The decline in income was attributed to Raketech registering a 25% …
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Johan Svensson named permanent CEO at Raketech
Johan Svensson, Raketech Co-Founder, has been appointed as permanent CEO of the igaming marketing company. Following Oskar Mühlbach’s departure in January, Svensson officially took on the role at Raketech on 16 May having previously been Acting CEO for the first portion of this year. The Co-Founder of Raketech brings experience in technology and gaming to the Chief Executive position, with …
Read More »Raketech posts weak Q1 earnings impacted by Google headwinds
Raketech Plc cites that it has encountered ‘unexpected challenges’ at the start of 2024 trading, impacting the firm’s earnings and profit performance. A tough opening to 2024 trading saw Raketech post ‘weaker earnings’, as the media group countered softer performance in Sweden and Casumba assets following the Google Core update during the quarter. Compounding Q1 headwinds saw Raketech register a …
Read More »Raketech marks milestone partnership in Denmark with Danske Spil
Raketech Group Holding Plc has entered a three-year media partnership with Danish state-owned operator Danske Spil, with the option for extension for an additional year. Described as an igaming performance marketing partner, Raketech now enables continued growth in Denmark for the company’s sports products, and further diversification of revenue streams, in line with its long-term strategy. Johan Svensson, Acting CEO …
Read More »Raketech hails sub-affiliate growth to hit elevated FY2023 targets
Raketech Plc has delivered on elevated targets for 2023, bolstered by the expansion of its media network and partnerships. Publishing its Q4 trading results this morning, the Nasdaq OMX-listed igaming media group registered period revenues of €22.7m, up 45% on Q4 2022 comparatives of €15.8m. Headline growth was credited to a threefold jump in sub-affiliate income totaling €11.4m (50% of …
Read More »Raketech confirms Mühlbach CEO exit over strategic direction
The board of Raketech Group Plc has announced that Oskar Mühlbach has chosen to resign as CEO of the Nasdaq OMX-listed igaming media publisher. As detailed by a corporate update, “Mühlbach will leave his role as CEO due to different views on the strategic direction of the company.” Board member and company co-founder Johan Svensson has assumed leadership responsibilities as …
Read More »Affiliates set to take centre stage at SBC Summit Barcelona’s Affiliate, Marketing & Media Zone
This year’s SBC Summit Barcelona will once again bring together the top thought leaders from the industry’s hottest affiliates, the biggest media platforms, and the most innovative marketing suppliers and agencies, who will converge in the dedicated ‘Affiliate, Marketing & Media Zone.’ The zone aims to provide 15,000 delegates with valuable insights into the latest trends, regulatory challenges, and technological …
Read More »Bengtsson nominated to replace outgoing Lundberg at Raketech
Ulrik Bengtsson has been nominated to join Raketech as the gaming performance marketing firm’s new Chairman of the Board, replacing the outgoing Christian Lundberg. Bringing considerable experience to the role, Bengtsson has a bachelor’s degree in management from Dalhousie University in Canada, and has held key positions at several major betting and gaming operators, and media companies, throughout his career. …
Read More »Affiliate Marketing Masterclass confirmed for Betting on Sports America
Delegates attending the upcoming Betting on Sports America conference (23-25 April) will be given the chance to learn about how affiliate marketing will shape up in the newly open US market as part of the Affiliate Marketing Masterclass on 24 April. The Masterclass is free to attend and delivered in partnership with AffiliateINSIDER through the organisation’s Founder and CEO Lee-Ann …
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