Aspire Global has maintained ‘continued strong business momentum’ in the first quarter of 2022 according to CEO Tshashi Maimon, as the group prepares to move forward with its €410 million merger with NeoGames.

The international B2B gambling group recorded an increase in Q1 revenues of 31.7% to €46.3 million [US$49.1M] (Q1 2021: €35.2m), along with a rise in EBITDA of 18.7 % to €8.2 million ( €6.9m), amounting to an slightly lower EBITDA margin of 17.8% (19.7%).

Meanwhile, EBIT stood at €5.6 million ( €4.9m), an increase of 13.6%, whilst earnings after tax rose by 4.7% to €4.8 million ( €4.5m) and earnings per share remained the same as the corresponding quarter the previous year at €0.10.

The trading update marks Aspire Global’s second quarter as a solely B2B focused business.