Third Quarter 2021
- Revenue amounted to
EUR 6 448 (2 376) thousand, corresponding to a growth of 172% (-32%) and an organic growth of +0.3% (-30.2%). -
EBITDA amounted to
EUR 1 258 (961) thousand. -
Profit after tax was
EUR 593 (327) thousand. Adjusted profit after tax (before currency effects) wasEUR 482 (162) thousand. -
Earnings per share after dilution amounted to
EUR 0.005 (0.004). Adjusted earnings per share (before currency effects) wasEUR 0.004 (0.002). - New Depositing Customers (NDC) amounted to 39 632 (5 312) increasing by 646% (-57%).
-
Cash flow from operating activities amounted to
EUR 664 (738) thousand. Cash flow from operating activities excluding one-off tax payment relating to acquisitions amounted toEUR 1 230 (738) thousand.
First nine months 2021
- Revenue amounted to
EUR 18 227 (9 133) thousand, corresponding to a growth of 100% (-17%) and an organic growth of -13.2% (-16.7%). -
EBITDA amounted to
EUR 3 857 (4 199) thousand. Adjusted EBITDA (before items affecting comparability related to acquisitions, reorganization and new share issues) wasEUR 4 332 (4 758) thousand. -
Profit after tax was
EUR 1 073 (1 941) thousand. Adjusted profit after tax (before items affecting comparability and currency effects) wasEUR 1 326 (2 898) thousand. -
Earnings per share after dilution amounted to
EUR 0.009 (0.026). Adjusted earnings per share (before items affecting comparability and currency effects) wasEUR 0.011 (0.038). - New Depositing Customers (NDC) amounted to 100 867 (25 013) increasing by 303% (-24%).
-
Cash flow from operating activities amounted to
EUR 2 641 (4 806) thousand. Cash flow from operating activities excluding one-off tax payments relating to acquisitions amounted toEUR 3 592 (4 806) thousand.
Important events during the quarter
Acroud returns to the live events scene with the launch of the first edition of The Festival Series inBratislava . By doing so,Acroud is strengthening its position as the bridge between land-based gaming and affiliation to create opportunities to connect operators with the player communities while also producing high-quality content to grow its digital flagship products, such as Pokerlistings. com. The inaugural week-long event has been a big success, with the Poker Main Event attracting 621 entries and relationships with various operators strengthened.
Important events after the quarter
- Dutch market, being one of the larger European markets, has opened on
1 October 2021 . 10 operators were granted a license, with more licenses expected to be issued in Q1 2022. Roderick Attard has been appointed as new CFO ofAcroud . Roderick had previously the position as Head of Finance and has profound industry knowledge from the iGaming industry and a background as auditor atKPMG .
CEO-comment: Strong QoQ NDC growth
I am happy to see that we continue to increase sales quarter on quarter reaching
The New Depositing Customers numbers has shown a large quarter on quarter growth of 34% reaching almost 40,000, which clearly shows that we are on the right track. YoY the growth figures regarding NDCs are more than tenfold compared to last year. We have actively continued to invest in new growth initiatives for the future at the expense of short-term profitability with an EBITDA of
Re-opening of Dutch market
One of
I believe what has caught people's attention is how big the market seems to be, considering the information released by many operators in conjunction with the regulation coming into force. For me this shows "the power of the Dutch market".
At first only 10 operators have been granted a license with the second and major batch of new operators estimated to be announced in the spring. The opening has been slower than expected, since there are so few license holders to begin with but the best way to describe the long term future is a "landgrab", which puts affiliates in a favourable position and
Core operations and US
We are getting closer to taking the big leap forward. A proof of this is that we have seen a break-through in early Q4 and our additional SEO efforts have started to make a difference. Most notable is that we have managed to take one of our relatively new sites to be our larger assets in terms of both traffic and NDC's. Our strategy is to work predominantly with hybrid- and revenue share deals, which is why it takes a while before the increases in NDC has a direct impact on our bottom-line.
We are currently replicating our new way of working on multiple sites, and we are already starting to see positive effects even if ramp up periods can be expected. Consequently, I am very positive to that we will see solid organic growth in our core affiliate business, where we operate with high margins, as well as restarting our growth in the US going forward during 2022.
Product and content strategy
The need to differentiate and strengthen the product offering is becoming clearer and clearer. The industry as such has historically been very bonus and offer-driven. We are now shifting to be more focused on rich content, product quality and genuine value creation. As part of this we are working tirelessly to add unique value to our products such as daily sports updates, live streams, betting tools as well as personalized experiences.
Another clear proof of this is the launch of The Festival Series. While being a physical event it is the bridge between land-based gaming and affiliation. The Festival Series drives our online presence significantly. The best way to describe it, is a massive on-line event over months which peaks in a week-long physical event. All qualifier events are on-line, our partners are on-line operators, and it creates very strong and unique content for our products such as Pokerlistings and The Gambling Cabin.
Continued focus on software-based affiliation
Looking at our SaaS segment and our focus on software- based affiliation we are seeing continued solid growth. Voonix and Matching Visions software have taken important steps in order to offer services in new verticals such as VPN services and E-sport streaming monetization. While some of our competitors have tried and failed, our business model and software opens-up completely new ways of earning money for already established e-sport streamers, and our initial business partnership are so far proving our idea right.
To sum up where we stand at the moment, I can conclude that we have put a very eventful quarter behind us, integration and operational wise. The fruit of the hard work has started to pay off reaching 40,000 NDCs in Q3, which means that the EBITDA impact will come over time. In addition, after closing the third quarter the Dutch market has re-opened, which we will consider to be one of our core markets going forward.
Altogether the future holds massive opportunities for us - so stay tuned!
CEO
The join the conference via phone, please dial-in using any of the numbers below:
From
From
From the US: +1 6319131422 PIN: 42734059#
The webcast and the presentation slides will be published on www.acroud.com after the webcast, where you also can view and listen to the webcast on demand.
Responsible parties
This information constitutes inside information that
For further information, please contact:
+356 9999 8017
+356 7925 4722
Telephone: +356 2132 3750/1
E-mail: info@acroud.com
Website: www.acroud.com
From
About
https://news.cision.com/acroud-ab/r/acroud-publishes-interim-report-jul-sep-2021--continued-strong-ndc-growth-and-an-outlook-on-the-dutc,c3451207
https://mb.cision.com/Main/11576/3451207/1494324.pdf
https://mb.cision.com/Public/11576/3451207/9c6f08d3314289cb.pdf
(c) 2021 Cision. All rights reserved., source