Tag Archives: Oskar Mühlbach

Raketech hails sub-affiliate growth to hit elevated FY2023 targets  

SBC News 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 …

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Raketech confirms Mühlbach CEO exit over strategic direction

SBC News 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 …

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Raketech stands by elevated 2023 targets as media is refreshed by Casumba M&A

SBC News Raketech stands by elevated 2023 targets as media is refreshed by Casumba M&A

Raketech Plc remains on track to deliver its best year in business to investors, underscored by its enlarged media network integrating the new assets of Casumba Media. Publishing its Q3 trading results, Nasdaq OMX-listed Raketech achieved its elevated target, generating corporate revenues of €21.5m, up 66% on 2022 comparatives of €13m. Headline growth was achieved despite Raketech countering a ‘slower …

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Raketech ups  2023 guidance on ‘better-balanced product mix’

SBC News Raketech ups  2023 guidance on ‘better-balanced product mix’

Raketech Plc cites confidence in achieving its full-year 2023 financial and corporate objectives, following record-breaking Q2 results.  Publishing its latest trading update, Raketech sees its media network achieve all-time high quarterly revenue of €17.6m. The revenue result reflects a 56% increase on 2022 Q2 comparatives of €11.3m. The Nordic Nasdaq media group underscored “an organic growth of 56.0%” combined with …

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Raketech upgrades guidance as 2022 goes ‘according to plan or better’

SBC News Raketech upgrades guidance as 2022 goes ‘according to plan or better’

Raketech has put faith in its strategic objectives, updating its 2023 guidance figures to project revenue of between €60-65m and asserting that it will remain active in M&A. The Nasdaq First North aming marketing technology group revealed this morning that revenue for the full year rose by 36.7% to €52.6 (2021: €38.5m), alongside an increase in reported EBITDA by 23.9% …

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Raketech maintains 2022 outlook overcoming mounting Euro headwinds

SBC News Raketech maintains 2022 outlook overcoming mounting Euro headwinds

Raketech Plc has reported ‘solid results’ as its affiliate network continues to grow despite facing challenging conditions across Western European markets. Publishing its Interim H1 trading statement, the firm posted year-to-date revenues of €24m, up 40% on corresponding 2021 results of €17m. Headline growth was maintained, despite Raketech registering a tougher than anticipated Q2 performance in which its affiliate network …

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Raketech sports revenues double as acquisition strategy drives growth

SBC News Raketech sports revenues double as acquisition strategy drives growth

Raketech has detailed a strong performance across its verticals, identifying a particularly positive trend among its sports betting divisions, which the group has attributed to its acquisitions policy.  As detailed in its Q4 2021 and full year interim trading report, total revenue for the final quarter of the year reached €11.84 million (2020: €8.46m), a 40% increase on 2020 figures.  …

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Raketech secures new US vision by completing ATS buyout

SBC News Raketech secures new US vision by completing ATS buyout

Raketech Plc has significantly expanded it’s US wagering media and affiliate publishing network by completing its acquisition of ATS Consultants for $15.5 million. Announced on 9 November, the transformative deal will see Raketech take control of ATS North American sports portfolio, which includes the leading tipster communities of Winnersandwhiners.com, as well as Statsalt.com and Pickpapa.com.  The agreed purchase price for …

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Raketech continues US expansion by acquiring ATS tipster communities 

SBC News Raketech continues US expansion by acquiring ATS tipster communities 

 Raketech Plc has agreed to acquire the assets of US sports tipster group ATS Consultants for an agreed purchase price of $15.5 million (€13.5m). The deal will see Raketech expand its North American publishing portfolio to include the tipster communities of Winnersandwhiners.com, Statsalt.com and Pickpapa.com. Securing its latest US transaction, Raketech confirmed that it would pay an upfront $12 million …

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Raketech amplifies sports inventory with €16m QM Media buyout 

SBC News Raketech amplifies sports inventory with €16m QM Media buyout 

Raketech Plc has agreed to acquire QM Media, finalising a deal valued at €16 million, to boost the sports media inventory of its publishing network. This afternoon, Raketech confirmed that it had agreed to acquire QM Media and its P&P Vegas North American subsidiary outright.   Deal terms will see Raketech pay €9 million in cash upfront, with the remainder of …

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