Financial highlights during first quarter 2024
** Revenue amounted to
** Adjusted EBITDA (before items affecting comparability) was
EBITDA amounted to
** Profit after tax was
** Earnings per share after dilution amounted to
** New Depositing Customers (NDC) amounted to 45 531 (92 659) decreasing by 51% year-on-year but remaining in line with the previous quarter.
** Cash flow from operating activities amounted to
Important events during the quarter
During the quarter, we divested all our poker-related assets. This strategic move was made in light of poker's declining popularity following its initial surge during the COVID-19 pandemic, as well as the SEO challenges.
Other information
On 15 May Acroud has entered into a new Earnout Settlement Agreement with the previous owners of The Gambling Cabin. The parties agreed that the outstanding
CEO comments: A Stable Start of the New Year
Another quarter with mixed results has passed, yet it showcased the resilience and strategic adaptability of
This strategic move has not only streamlined our focus but also positively impacted our EBITDA, demonstrating that it was the right decision for our financial health.
Our operational EBITDA faced challenges, primarily due to higher than expected costs related to the
In our Software as a Service (SaaS) segment, Voonix, an industry-leading platform used by many large affiliates, has implemented a new sales strategy. In response to emerging low-cost competitors offering basic functions similar to Voonix, we have opted to provide Voonix for free to small affiliates. This approach is designed to eliminate competition effectively and create a robust pipeline of growing affiliate partners whom we can later convert into premium users. The initial feedback has been encouraging, although it's still too early for a definitive assessment.
Further cost-saving measures have been put into place, contributing to a leaner operation. As part of this initiative, I have personally taken a salary reduction of over
After the close of the quarter, Google released a significant update in early May, primarily impacting media partnerships. While this update has posed challenges for companies heavily reliant on such deals, we anticipate minimal long-term impact on our operations, thanks to our diversified strategies and proactive adjustments.
I am proud of our team's dedication and our company's agility in navigating these times.
With our solid foundation and innovative approaches,
Join the Ride!
Responsible parties
This information constitutes inside information that
For further information, please contact:
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+356 9911 2090
Telephone: +356 2132 3750/1
E-mail: info@acroud.com
Website: www.acroud.com
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