Raketech Group Holding PLC (OSTO:RAKE)
kr 4.395 0.065 (1.5%) Market Cap: 198.76 Mil Enterprise Value: 169.45 Mil PE Ratio: 0 PB Ratio: 0.18 GF Score: 59/100
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Q3 2024 Raketech Group Holding PLC Earnings Call Transcript

Nov 14, 2024 / 08:00AM GMT
Release Date Price: kr4.55 (-30.08%)
Johan Svensson
Raketech Group Holding PLC - Chief Executive Officer, Chief Commercial Officer

(audio in progress) came in at EUR12.9 million in revenues in Q3, an organic decrease of 39.9% and 38.8% adjusted for the divestment of the advisory business. Adjusted EBITDA of EUR3.1 million, a decrease of 44.6% year-on-year and EBITDA of EUR3 million. Total adjusted EBITDA for the first 3 quarters, EUR12.5 million. October revenue was EUR4 million compared to EUR7.7 million in October last year, of which EUR0.4 million from the divested advisory business. We expect Q4 to be slightly stronger than Q3 in terms of adjusted EBITDA.

At the moment, it looks difficult to reach the lower end of a previous communicated full year guidance of EUR17 million to EUR19 million in adjusted EBITDA. However, visibility is limited due to the ongoing operational challenges for our publishers within Raketech Network and around expectation of a usually stronger second half of Q4 for both casino and U.S. sports. Our previously communicated review of our operating model that started during the first quarter of this year has

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