Online gaming affiliate business Acroud said a record number of new depositing customers (NDCs) helped drive revenue up 32.9% year-on-year in the first quarter of 2023.
The 92,659 NDCs added during the three months to 31 March was partially due to a strong performance in Paid Media Partnerships, which wasacquiredin the final quarter of 2022.
While chief executive Robert Andersson noted that revenue was down from Q4 of last year, the group witnessed more positive trends in April, with Acroud on track to post year-on-year growth across a number of areas in 2023.
The first quarter has been very much business as usual while tuning in our new addition of the media unit, Andersson said.
The decrease in revenue was primarily a result of unfavourable sports results in February. Had it not been for the football results last week of February, we would have delivered growth in revenue and profit respectively. These clusters of unlikely sports results tend to even out over time.
We have been addressing the performance within the casino SEO business such as focusing much more on the revenue share model. This will over time lead to increased stability in revenue even if it initially hits the top line.
Revenue for the quarter reached 9.3m, up from 7.0m in the same period last year, but down 7.0% from 10.0m in the final quarter of 2022.
Breaking this down, igaming affiliation revenue was 103.0% higher year-on-year at 6.0m, while excluding the impact of the new acquisition, revenue was still up 26.0%. NDCs in this area jumped 12.0% to a record 76,917.
Of this total, 78% came from revenue share agreements, 10% cost per acquisition and the remaining 12% other activities. Acroud also published a breakdown of revenue by affiliation type, with paid media generating 63%, SEO 27% and social-and community-based 9%.
Turning to the software-as-a-service (SaaS) business, revenue was 23.0% higher year-on-year at 3.0m, but down 12.0% from Q4 of 2022. NDCs also increased by 7.0% from Q1 of 2022 to 15,742.
In terms of spending, costs were higher across both personnel expenses and other external expenses, with the latter being the main outgoing at 6.2m. These rises outweighed the rise in revenue, with earnings before interest, tax, depreciation and amortisation (EBITDA) falling 5.8% to 2.1m.
Acroud also accounted for 1.1m in depreciation and amortisation, as well as 860,000 in net finance costs, meaning pre-tax profit was 115,000, down 90.9% year-on-year. The group paid 182,000 in income tax, leaving a net loss of 67,000, compared to a 1.2m profit in 2022.
We continue our journey to deliver growth, profitability and shareholder value, Andersson said. And with this said, I am very much looking forward to the coming quarters.
Originally posted here:
Record new depositing customers drive growth at Acroud in Q1 - iGaming Business
- The definitive guide to Finnish affiliate programmes in online casino industry - Times of Malta - March 16th, 2024 [March 16th, 2024]
- Casino Guru shortlisted for GamingTECH CEE Awards 2024 in two prestigious categories - European Gaming Industry News - March 16th, 2024 [March 16th, 2024]
- USDT Staking Rewards, A $250K Giveaway, and More In Scorpion Casinos (SCORP) Innovative Casino Ecosystem - Captain Altcoin - March 16th, 2024 [March 16th, 2024]
- How playing on an online casino platform is shaping the future of ... - Times of Malta - November 28th, 2023 [November 28th, 2023]
- Investors Flock to 100% Welcome Bonus as SCORP Presale Nears ... - Finbold - Finance in Bold - November 18th, 2023 [November 18th, 2023]
- Scattered Spider Casino Hackers Evade Arrest in Plain Sight - Dark Reading - November 18th, 2023 [November 18th, 2023]
- From Controllers to Cards: The Evolution of Gaming and Gambling ... - Esports News UK - November 18th, 2023 [November 18th, 2023]
- Esports - Betting tips and predictions - SportsAdda - November 18th, 2023 [November 18th, 2023]
- Boomerang Media is the Best PPC Affiliate at SiGMA Europe ... - MaltaToday - November 18th, 2023 [November 18th, 2023]
- Massive MGM and Caesars Hacks Epitomize a Vicious ... - WIRED - September 19th, 2023 [September 19th, 2023]
- SBC Summit Barcelona kicking off today with massive line-up of 450 ... - Inside Asian Gaming - September 19th, 2023 [September 19th, 2023]
- Woman wins $1,000 from slot machine on her 106th birthday and ... - Upworthy - September 19th, 2023 [September 19th, 2023]
- Finland's gaming licence and the future of MGA casinos - Times of Malta - September 19th, 2023 [September 19th, 2023]
- Best PGA Championship Betting Promos & Bonuses | Bet on PGA ... - Worcester Telegram - May 18th, 2023 [May 18th, 2023]
- 5 Ways to Make Money in the Online Casino Industry - Analytics Insight - May 18th, 2023 [May 18th, 2023]
- Gambling firm allegedly paid blogs to link new mothers to its online games - The Guardian - May 18th, 2023 [May 18th, 2023]
- Betsson Subsidiary BML Group Becomes Enemy of Finland's ... - Casino.Org News - May 18th, 2023 [May 18th, 2023]
- 19% Crypto Bets Growth: SOFTSWISS Reveals Digital Coin Results ... - European Gaming Industry News - May 18th, 2023 [May 18th, 2023]
- How to Identify a Safe and Reliable Online Slots Site Five ... - Five Reasons Sports Network - May 18th, 2023 [May 18th, 2023]
- 12 Best Casino Affiliate Programs of 2022 (Top Offers) - AuthorityHacker - December 26th, 2022 [December 26th, 2022]
- 1xBet Affiliates - Affiliate Program for Sports Betting, Casino, Poker ... - December 23rd, 2022 [December 23rd, 2022]
- Affiliate of union group backing Troy Jackson's campaign also paid him personally - The Maine Wire - October 15th, 2022 [October 15th, 2022]
- IceHogs Receive Robinson from Blackhawks - Rockford IceHogs - October 15th, 2022 [October 15th, 2022]
- PENN ENTERTAINMENT, INC. : Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits (form 8-K) - Marketscreener.com - October 15th, 2022 [October 15th, 2022]
- Understanding the Crypto iGaming Business - FinSMEs - October 2nd, 2022 [October 2nd, 2022]
- SBC Awards 2022 honor gaming industry in Barcelona; Betsson named Casino Operator of the Year - Yogonet International - October 2nd, 2022 [October 2nd, 2022]
- Twitchs recent rule tightening is a good thing for everyone - CasinoBeats - Casino Beats - October 2nd, 2022 [October 2nd, 2022]
- Tiidal Gaming Group (TIDL.C) Sportsflare heading to 2022 BSC Summit in Barcelona - Equity.Guru - September 20th, 2022 [September 20th, 2022]
- The ASA rules that the ads of two gambling companies were socially irresponsible - Lexology - September 15th, 2022 [September 15th, 2022]
- Tulipa Ent to Offer Gaming in the Netherlands - GamblingNews.com - September 15th, 2022 [September 15th, 2022]
- Various Types Of Careers In The Online Slots Casino Industry - The Nonstop News - The Nonstop News - September 15th, 2022 [September 15th, 2022]
- Best Sports Betting & Casino Affiliate Program | 22BET Partners - September 7th, 2022 [September 7th, 2022]
- Brazilian iGaming Summit and Latam Affiliates expand their reach, together with the football market, by participating in BFEXPO 2022 - iGaming Brazil - September 7th, 2022 [September 7th, 2022]
- 1000 Resorts and Golden Nugget Casino Workers in Atlantic City Reach Tentative Agreements with their Employers - InsiderNJ - July 29th, 2022 [July 29th, 2022]
- SBC to turn Barcelona into the centre of the international betting and gaming industry - Gambling Insider - July 29th, 2022 [July 29th, 2022]
- Bet-at-home announces layoffs as it abandons in-house platform - iGaming Business - July 29th, 2022 [July 29th, 2022]
- James Baker Obituary - The Petoskey News-Review - Petoskey News-Review - July 23rd, 2022 [July 23rd, 2022]
- JimPartners: casino's affiliate program - June 24th, 2022 [June 24th, 2022]
- "iGB Live will be our first offline event with a stand this year and we are thrilled to welcome attendees in person" - Yogonet International - June 24th, 2022 [June 24th, 2022]
- HeadsUp Entertainment Partners with Centurion FC Malta MMA Company in Innovative Revenue Generating Deal - Yahoo Finance - June 24th, 2022 [June 24th, 2022]
- Slotty Vegas operator MaxEnt to close down by end of July - iGaming Business - June 24th, 2022 [June 24th, 2022]
- How To Get The Best Bonus Codes At Any Casino? - MWWire - June 24th, 2022 [June 24th, 2022]
- LeoVegas Hired Stosic as Group Head of Affiliates - GamblingNews.com - June 7th, 2022 [June 7th, 2022]
- N1 Partners Group set to debut at the Affiliate World Europe in Barcelona - Yogonet International - June 7th, 2022 [June 7th, 2022]
- How To Get The Best Bonus Codes At Any Casino? - Trending News Buzz - May 21st, 2022 [May 21st, 2022]
- How Much Does It Cost to Start an Online Casino? - Study Breaks - May 21st, 2022 [May 21st, 2022]
- Betfred Casino Review 2022: Is Betfred Casino Safe? - TimesOfCasino - May 21st, 2022 [May 21st, 2022]
- "We are increasingly beginning to see the desire of users to experience VR casino gambling" - Yogonet International - May 6th, 2022 [May 6th, 2022]
- Compliable and Rightlander sign partnership agreement European Gaming Industry News - European Gaming Industry News - May 6th, 2022 [May 6th, 2022]
- Play Globally and The US Gambler partner to cross-sell sports gambling content - Gambling Insider - April 25th, 2022 [April 25th, 2022]
- BC Game Promo Code - Free Bonus Reward 2022 - Casino Roobet - April 20th, 2022 [April 20th, 2022]
- GiG Media named "Best Casino Affiliate" at iGB Affiliate Awards - Yogonet International - April 20th, 2022 [April 20th, 2022]
- 2mee: we are a tribal species, and we all want to feel part of a tribe - Casino Beats - April 20th, 2022 [April 20th, 2022]
- iGB ASCEND mentoring initiative expected to "start a huge movement for women in the gambling industry" - Yogonet International - April 6th, 2022 [April 6th, 2022]
- Clare Boynton and Pierre Cadena Nominated to Join Raketech's Board of Directors - European Gaming Industry News - April 6th, 2022 [April 6th, 2022]
- Real Luck Group announces agreement with leading performance marketing firm Raketech Group - PR Newswire - March 31st, 2022 [March 31st, 2022]
- Paysafe Keeps On Growing In USA - FinSMEs - March 18th, 2022 [March 18th, 2022]
- Routy: taking monetisation to the next level - Casino Beats - March 18th, 2022 [March 18th, 2022]
- Best Online Casino Affiliate Program | PlayAttack Affiliates - March 13th, 2022 [March 13th, 2022]
- Affilka adds UK-licensed The Phone Casino to its affiliate ... - March 13th, 2022 [March 13th, 2022]
- Which Type of Players Are Eligible to 'Exclusive' Casino Bonuses? - Amico Hoops - March 13th, 2022 [March 13th, 2022]
- Hard Rock Casino attracts big bucks in short month - The Times of Northwest Indiana - March 13th, 2022 [March 13th, 2022]
- White Hat Gaming new Gaming Corps partner European Gaming Industry News - European Gaming Industry News - March 13th, 2022 [March 13th, 2022]
- Churchill Downs bets on new location for Terre Haute casino - Shelbynews - March 8th, 2022 [March 8th, 2022]
- Time2play joins forces with Gamban to increase responsible gambling support - Gambling Insider - March 8th, 2022 [March 8th, 2022]
- Las Vegas Cop Charged In Weekend Casino Robbery, Suspected In Two Others - Oxygen - March 8th, 2022 [March 8th, 2022]
- "We're not closed to the idea that the metaverse could be a huge betting avenue" - Yogonet International - February 28th, 2022 [February 28th, 2022]
- Affilka adds UK-licensed The Phone Casino to its affiliate marketing platform - Yogonet International - February 19th, 2022 [February 19th, 2022]
- Legalized sports betting to soon be legal at Potawatomi Hotel & Casino - WISN Milwaukee - February 19th, 2022 [February 19th, 2022]
- Whats happening in South Jersey this weekend and beyond (Feb. 18-24) - nj.com - February 19th, 2022 [February 19th, 2022]
- An F1 Esports Racer Heads to Formula 2 Will Sports Always Take Precedence Over Esports? - Esports News UK - February 11th, 2022 [February 11th, 2022]
- "April was our only chance to ensure ICE would be able to run in 2022, which is our duty of care to the entire gaming industry" - Yogonet... - February 11th, 2022 [February 11th, 2022]
- iGB Affiliate London is 28% bigger than 2020 edition with 11-weeks to go - Casino Review - February 5th, 2022 [February 5th, 2022]
- Whats happening in South Jersey this weekend and beyond (Feb. 4-10) - nj.com - February 5th, 2022 [February 5th, 2022]
- News Gambling.com partners with US news giant to expand audience - OnlineBingo.co.uk - January 24th, 2022 [January 24th, 2022]
- GGRAsia Macau to have 6 casino licences, lasting 10 years: govt bill - GGRAsia - January 17th, 2022 [January 17th, 2022]
- Hard Rock leads in Indiana for the third month in a row with December's $32.4M revenue - Yogonet International - January 17th, 2022 [January 17th, 2022]
- State clears firm linked to Schenectady's Rivers Casino to begin mobile sports betting The Daily Gazette - The Daily Gazette - January 7th, 2022 [January 7th, 2022]
- 888 escapes ASA sanction over YouTube poker ads - Marketing regulation - iGaming Business - January 7th, 2022 [January 7th, 2022]
- Top 10 Casino Affiliate Programs for 2021 Big Money Makers - December 27th, 2021 [December 27th, 2021]