Tag Archives: RakeTech

Raketech has faced a difficult opening three months to 2025, a trading period which saw revenue fall substantially year-over-year. The betting and gaming affiliate media group informed its Nasdaq investors that Q1 revenue had fallen 48.6% from €19m in Q1 2024 to €9.8m in Q1 this year. However, leadership remains confident that the firm will continue to generate value for …

Raketech Plc trades cautiously as challenging conditions continue to impact the performance of its affiliate network and media partnerships. In its Q3 report, Raketech disclosed a 39% drop in corporate revenues to €12.9m, compared to €21.5m in Q3 2023. Trading during the period showed performance declines across all core business segments, with affiliate revenues decreasing to €6.8m (Q3 2023: €9.5m). …

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% …

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 …

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 …

Raketech has published a trading update for the first quarter of the year as well as a revised full-year guidance. The company reported that revenues for the first quarter of 2024 are expected to amount to €19m (2023: €16m), marking 18.75% growth year-on-year. Another notable figure from the report is EBITDA, adjusted for costs related to restructuring, which is expected …

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 …

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 …

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 …

Raketech Group Plc has confirmed the appointment of Marina Andersson and Patrick Jonker as newly elected members of the Board of Directors of the Nodric Nasdaq OMX-listed igaming media publisher. The decision follows Raketech concluding its annual shareholders meeting on 24 November, shareholders unanimously agreed to appoint Marina Andersson and Patrick Jonker as new members of the Board. Andersson, holds …