Raketech, a leading online affiliate and content marketing company, has announced its first quarter results with Japan and the US helping deliver a “solid quarter” for the company.
Oskar Mühlbach, CEO of Raketech, said: “The first quarter of 2021 was a solid quarter for Raketech. Despite Q1 traditionally being a slower quarter, revenues came in in line with Q4, totalling €8.3m.
"This equals an annual growth rate of 27 per cent whereof five per cent was organic. EBITDA margin reached 39 per cent which, considering continuously significant investments into R&D and geographical expansion, is comforting.”
The company said its primary growth drivers in the quarter were its Japanese and US efforts, as well as a “continuously solid” performance from its network sales.
Mühlbach added: “Japan stands out positively, delivering record numbers on all KPIs, spanning from traffic/sessions to monetisation. And in the US, the Superbowl in combination with our newest licenses in the states of Virginia and Michigan, significantly pushed the needle, mid quarter.
“However, this needle was to some extent, but as expected, slightly pushed back by low seasonality on other markets, increased gambling tax in Denmark, Casinofeber still being lower than previously and payment blocks in Norway.”
