Affiliate marketing firm, Acroud, has unveiled an impressive Q2 earnings report, demonstrating substantial expansion and a calculated pivot in its operational strategy.
Their quarterly earnings hit €7.2 million, a 16% surge in contrast to the corresponding period last year. Even more noteworthy, their profitability witnessed a dramatic increase with EBITDA (earnings before interest, taxes, depreciation, and amortization) hitting €18 million, a remarkable 55% year-on-year leap.
Although this expansion is slightly tempered in comparison to the first quarter’s explosive 26% revenue surge, Acroud reached a significant turning point by effectively restructuring its corporate bond loan. This action, securing them €22.4 million, underscores their robust financial position even amidst unpredictable market circumstances.
Chief Executive Robert Andersson highlighted the company’s evolution from a conventional price comparison platform into a comprehensive iGaming network. This new trajectory prioritizes affiliate marketing offerings and B2B SaaS solutions within the media and marketing domains.
Andersson posits that this strategic reorganization will result in a more consistent and lucrative future for Acroud, with reduced dependence on fluctuating revenue sources.
Acroud is ecstatic to embark on a dynamic period of rapid expansion. This significant influx of capital empowers us to vigorously pursue our outlined objectives. We’re concluding a robust initial two quarters of 2022 with a 21% surge in income, attaining €14.2 million (equivalent to $14.6 million USD).”