{"id":7160,"date":"2024-05-16T11:02:15","date_gmt":"2024-05-16T11:02:15","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/05\/16\/raketech-comes-up-with-q1-2024-financial-report\/"},"modified":"2024-05-16T11:02:15","modified_gmt":"2024-05-16T11:02:15","slug":"raketech-comes-up-with-q1-2024-financial-report","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/05\/16\/raketech-comes-up-with-q1-2024-financial-report\/","title":{"rendered":"Raketech Comes Up With Q1 2024 Financial Report"},"content":{"rendered":"<div>\n<p>Raketech, a prominent player in the digital marketing sphere, has disclosed its financial results for the first quarter of 2024, shedding light on its operational performance and strategic trajectory.<\/p>\n<p>During the first quarter of 2024, Raketech recorded revenues amounting to EUR 19.0 million, showcasing a robust organic growth surge of 20.1%. This surge, propelled by the steadfast performance of sub-affiliation, underlines the company\u2019s resilience amidst evolving market dynamics.<\/p>\n<h2><strong>Navigating Challenges and Seizing Opportunities<\/strong><\/h2>\n<p>While the overall performance demonstrated resilience, certain headwinds were encountered, particularly in the Swedish market. The impact of the Google Core update on the Casumba assets contributed to softer performance, offsetting gains from other regions and product segments. Despite these challenges, sub-affiliation emerged as a significant contributor to EBITDA, reflecting the efficacy of Raketech\u2019s diversified revenue streams.<\/p>\n<p>Looking ahead, Raketech maintains a cautiously optimistic stance, with current trading patterns indicating an anticipated adjusted EBITDA of approximately EUR 20.0 million for the entirety of 2024. Furthermore, the company foresees a favorable trajectory for free cash flow, closely mirroring adjusted EBITDA figures.<\/p>\n<p>In a strategic move reflective of its commitment to long-term growth, Raketech\u2019s board announced the withdrawal of its proposal to distribute dividends for the year 2024. This decision underscores the company\u2019s prioritization of financial flexibility and sustainable value creation, aligning with its overarching objectives.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow noopener\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Raketech\u2019s Acting CEO, Johan Svensson, expressed confidence in the company\u2019s strategic initiatives and market positioning. She said, <em>\u201cIn the first quarter of 2024, we delivered EUR 19.0 million in revenues, representing an organic increase of 20.1%, primarily driven by Sub-affiliation. Adjusted EBITDA came in at EUR 5.1 million, while EBITDA was EUR 4.3 million, consistent with our trading update published on 1 May. We remain confident in our market-leading product offerings and see promising growth opportunities through our strategic initiatives in sports offerings, exclusive partnerships, and media deals. These efforts will position us well for continued growth in the coming years, and we remain committed to maximizing shareholder value.\u201d<\/em><\/p>\n<p>\u00a0<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/raketech-comes-up-with-q1-2024-financial-report\/\">Raketech Comes Up With Q1 2024 Financial Report<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Raketech, a prominent player in the digital marketing sphere, has disclosed its financial results for the first quarter of 2024, shedding light on its operational performance and strategic trajectory. During the first quarter of 2024, Raketech recorded revenues amounting to EUR 19.0 million, showcasing a robust organic growth surge of 20.1%. This surge, propelled by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7160","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7160"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7160\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}