Raketech CEO Johan Svensson said the affiliate made “good progress” in realigning the business despite a year-on-year revenue decline in Q1.
Revenue fell from €19m to €9.8m, while adjusted EBITDA fell from €5.1m to €2.4m.
Affiliation marketing generated €6m in revenue in Q1 with “continued decline” for its Casumba assets.
Raketech is focusing on centring the business around a “platform-first” model, with the AffiliationCloud solution key to its operations.
“Through AffiliationCloud, we integrate assets managed in-house and via entrepreneurial partnerships (affiliation marketing), along with our paid and organic publisher network (SubAffiliation), into a single, unified system,” the company said.
“This structure supports more efficient operations, better use of data and greater predictability across all areas.”
Svensson added that Raketech’s results were impacted by “continued low performance” from Casumba within affiliation marketing and “ongoing challenges” in paid publisher network (SubAffiliation).
“In contrast, the remaining casino and sports assets showed stable or improving trends, adjusted for seasonality, compared to Q4 2024.”
Alongside its results, Raketech announced an agreement to extend the earnout payment period on its acquisition of Casumba until March 2028.
The payment of €20.6m was originally due in September 2026.
Raketech said that it will pay “partial instalments” off from Q3 onwards, on a quarterly basis.
