Raketech Unveils Investment Plan: Cost Cuts Are Paying Off
Raketech has named Sweden, Denmark and Italy as priority markets for investment. The company released third-quarter figures showing its cost reduction program is producing results, but the revenue decline is continuing.
Malta-based iGaming affiliate network Raketech has named Sweden, Denmark and Italy as priority markets for investment. The company says budgets may be tight as it continues its cost reduction program. Raketech, which has faced difficulties throughout 2025 and 2026, saw its revenue fall over several consecutive quarters, which led it to launch a comprehensive cost optimization program.
According to the third-quarter report, adjusted EBITDA came in at EUR 1.2 million. That figure is slightly below the EUR 1.3 million recorded in the third quarter of 2025 and is in line with the second quarter of 2026. Revenue from continuing operations fell from EUR 6.2 million to EUR 5 million over the same period. In the first quarter, revenue was EUR 6.8 million and fell to EUR 5.6 million, while in the second quarter it was EUR 4.6 million and rose to EUR 8.3 million.
Most of the revenue decline is attributed to the gradual shutdown of the Paid Publisher Network, which is part of the DisAffiliation segment. Weak revenue in the non-core markets of the Affiliation Marketing division also contributed to the drop. At a time when companies listed on the Stockholm exchange have struggled to sustain growth in 2026, Kambi posted a strong revenue increase thanks to the World Cup. The impact of artificial intelligence on affiliate search traffic is also among the challenges facing the sector.
In October, Raketech secured a 60 percent reduction in a EUR 20.3 million liability related to the sale of Casumba Media. The company acquired Casumba in 2019 for EUR 2 million and sold it in 2025 for EUR 12 million.
CEO Johan Svensson said the priorities are clear and that the company will continue to keep its cost base aligned with the current size of the business and its strategic priorities. According to Svensson, the EUR 1.3 million in free cash flow will be directed to repaying the bank loan and to investment in core markets in Sweden, Denmark and Italy. In these markets, the company will expand its media and sports content areas and strengthen commercial capacity on the SubAffiliation side.
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