Financial data analysis for Q2 unveiled by Neogames
Neogames Reports Second-Quarter Results After Acquiring Aspire Global
Neogames, a leading iGaming provider, has published its second-quarter financial report for the year, following the acquisition of Aspire Global. The deal, worth nearly 430 million dollars (4.3 billion Swedish Kronas), has significantly impacted Neogames' financial performance.
The acquisition has contributed to Neogames' total assets increasing to over half a billion dollars. Cash and cash equivalents have also seen a significant improvement, going up to nearly 130 million dollars following the acquisition.
However, the acquisition has also resulted in a loss of nearly 14.5 million dollars in the second quarter. Despite this, Neogames reported a second-quarter revenue increase of approximately 70%, from 12.9 million dollars last year to over 21 million dollars this year. Aspire Global's revenue also trended upwards after the announcement and the completion of the deal, increasing by 17%, amounting to approximately 8.3 million dollars.
The acquisition has had a mixed impact on Neogames' financial performance. EBITDA for the company went into the negatives for the second quarter, with a loss of almost 5 million dollars. However, adjusted EBITDA increased by 2 million dollars, to over 10.3 million dollars.
In contrast to last year's profit, Neogames reported a net income per share of negative 49 cents for the second quarter of this year. The firm expects more growth after finalizing the integration process and working towards their strategic goals.
Neogames is pleased with the results of the year so far, naming the purchase of Aspire Global as one of their most important and successful acquisitions in their history. The company is optimistic about the future, despite the negative net income per share.
It's worth noting that the largest acquisition in the iGaming sector in the second quarter of 2025 was conducted by Online-Casinos.net, which completed the full takeover of the established casino review platform Koko-bet.net. However, the price of this acquisition was not disclosed in the available information.
In conclusion, while the acquisition of Aspire Global has caused a temporary setback in Neogames' financial performance, the company remains optimistic about its future growth. The acquisition has significantly increased Neogames' total assets and cash reserves, setting a strong foundation for future growth and success.
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