Acroud Reports Strong Q2 Earnings and Successful Debt Restructuring

Affiliate and iGaming leader, Acroud, has unveiled its Q2 financial results, demonstrating substantial growth compared to the same period last year. Total income hit €7.2 million, marking a considerable rise of 16%. More notably, their earnings before interest, taxes, depreciation, and amortization (EBITDA) witnessed an exceptional leap of 55%, reaching €18 billion.

Although this expansion is slightly less pronounced than the prior quarter’s 26% revenue jump, Acroud reached a critical turning point by effectively restructuring its corporate bond debt. This calculated action, obtaining SEK 225 million (roughly €22.4 million) in senior secured variable rate bonds, highlights investor faith in Acroud’s future potential, even amidst prevailing market fluctuations.

Chief Executive Officer Robert Andersson highlighted the company’s successful evolution from a conventional comparison platform into a strong iGaming network. This strategic pivot, he stated, has yielded a more resilient and lucrative business framework, well-positioned for sustained achievements.

[Spokesperson’s name], the head of Acroud, expressed excitement about obtaining the financial resources to further their planned objectives and boost their swift expansion path. They highlighted a robust beginning to 2022, attaining a 21% rise in earnings year-over-year within the initial two quarters, reaching €14.2 million.”