Commissioned Research: Raketech

Founded in 2010, Raketech has grown rapidly to become one of Europe's leading online gambling affiliate companies.

Commissioned research: Temporary headwind turning to tailwind

Raketech is a fast-growing online gambling affiliate with a strong Nordic presence. It generates most of its revenue by funnelling new players to online casinos and sharing the profit. Because operators are determined to grow, this has become a lucrative business. Raketech takes an active part in consolidating the fragmented affiliation market, completing 22 deals since 2015. In 2018, it grew revenues by ~50% y/y, 30 pp of which was organic. There is some uncertainty about the net impact of re-regulation in its key market Sweden this year, but more established affiliates like Raketech will likely be the relative winners. Its trading update for January (+30% growth y/y), presented with the Q4 report, gave a comforting view.

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