Raketech plans to enhance the timeliness of its reporting and publish its results earlier from 2025 onward.
Raketech, a gaming specialist has published its report for the fourth quarter of the previous year. This highlights a decline in revenue. The company has focused on improving conversion rates and monetization for its digital tipster platforms after selling the Tipster business.
Marking a significant decline from the strong end of 2023 when the company reported EUR 22.8 million in revenue, in fourth quarter of 2024, the company revenues reached EUR 12.3 million or $12.8 million. Down from EUR 6 million in fourth quarter of 2023, adjusted EBITDA was likewise lower at EUR 3.2 million or $3.3 million.
Revenue from the Sub-Affiliation division dropped 54% to EUR 5.2 million ($5.4 million). Meanwhile, revenue from the Affiliation segment fell 32% year-over-year to EUR 6.5 million ($6.8 million).
Free cash flow before earnouts for the year totaled EUR 14.7 million ($15.3 million), aligning with EBITDA figures. The company stated this ensures it can meet its upcoming EUR 8.0 million ($8.3 million) earnout commitment due by the end of H1. It added that it already paid EUR 3 million in January.
The company must settle the remaining EUR 20.6 million ($21.4 million) earnout liability by September 2026.
After reviewing its operating model, the company achieved a 29% cost savings in Q4 of last year. It also evaluated its Affiliation Marketing assets, defining its strengths to secure better agreements and growth opportunities. Confident in returning these assets to growth, the company emphasized their significant contribution to Raketech’s revenue.
