Acroud had positive Q2 and H1 results

Acroud had positive Q2 and H1 results

Acroud’s Q2 figures show revenue of $7.4 million and an annual growth rate of 16%.

The affiliate’s figures show an increase in earnings, with an increase in earnings of more than 50% from the previous year.

When compared to Acroud’s Q1 report, which posted a 26% revenue increase on 2021, these figures are stable but indicate a slowed growth.

Acroud has secured a re-financing of its bond loan, which is the biggest news of the Q2 report. In a period with very uncertain market conditions, Acroud was able to place a large amount of senior secured floating rate bonds to investors in the Nordics and continental Europe.

Acroud CEO Robert Andersson commented on the positive Q2 results, saying: “Acroud, formerly a traditional player with comparison websites, has evolved over the past few quarters into a strong iGaming ecosystem that provides both affiliate services and B2B SaaS solutions in the media and marketing sector.”

The new structure has been established to create a lower volatility business profile with more stable revenues and higher profitability. It is now possible for Acroud to enter its phase of rapid expansion, and I am happy that we have obtained funding to keep implementing our plan.

The first 6 months of the year have been good for Acroud, with a growth rate of 21%, totalling 14.2m in total revenue.

Summary:

Acroud reported a 16% increase in revenue to 7.2 million in the second quarter of 2021, compared to the second quarter of the previous year. The company reported a year-on-year increase in earnings of over 50%. A re-financing of the company’s bond loan has also been secured by Acroud.