Affiliate marketing firm, Acroud, has published its financial statement for the second quarter, revealing remarkable performance. Earnings hit €7.2 million, a notable 16% surge in contrast to the corresponding period the previous year. Even more noteworthy was the company’s EBITDA, which climbed to €18 million, signifying an extraordinary 55% year-over-year expansion.
Although this expansion is substantial, it does indicate a minor deceleration compared to Acroud’s exceptional initial quarter, where earnings had escalated by 26%.
A key feature of the Q2 statement was the successful restructuring of Acroud’s corporate bond debt. This strategic action, securing SEK 225 million (roughly $22.4 million) in senior secured variable rate bonds, reinforces Acroud’s financial standing and enables them to confidently pursue their expansion plan, particularly in lucrative natural growth and their established strategic roadmap.
Chief Executive Officer Robert Andersson highlighted the importance of Acroud’s evolution from a conventional comparison platform to a robust iGaming network. This novel framework, encompassing both affiliate marketing offerings and B2B SaaS solutions within the media and marketing industries, is intended to generate more consistent revenue flows and amplified profitability.
The organization expressed excitement about embarking on a period of rapid expansion and acknowledged the significance of the financial support in enabling them to pursue their objectives.
Their impressive results during the initial six months of 2022, marked by a 21% surge in total revenue to €14.2 million (equivalent to $14.6 million), indicate that they are progressing as anticipated.
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