Aspire Global records $48.5m revenue in first quarter under NeoGames ownership

Aspire Global records $48.5m revenue in first quarter under NeoGames ownership

Article brief provided by SBC News
  • Ted Orme-Claye, SBC News
November 10, 2022 6:17 PM

Aspire Global has completed its first financial quarter as a subsidiary of NeoGames, recording steady revenue of $48.5m, although some hurdles were encountered.

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As detailed in NeoGames Q3 trading update, Aspire’s revenue for the quarter represented an 8% growth rate when measured in constant currency, but this was somewhat offset by a 16% decrease due to the impact of foreign currency exchange rates.

Acquired by the itlottery firm in June for €410m, sportsbook and igaming supplier Aspire Global has clearly provided a boost to NeoGames revenues, which rose by 262% to $73.3m (Q3 2021: $20.2m).

This also included the company’s share in NPI revenues, which amounted to $11.1m – a 34.3% year-on-year increase on the $8.3m recorded in the third quarter of 2021 – whilst NeoGames own revenues rose by 418.3% from $12m to $62.2m.