Raketech Operating Profit Falls 65%
Raketech Group Holding reported a 64.9% year-on-year fall in operating profit for the second quarter of 2026, even as the Malta-headquartered, Nasdaq First North Premier-listed affiliate pointed to an improving EBITDA margin and continued cost cuts.
Operating profit from continued operations fell to EUR 392,000 in the quarter, down from EUR 1.116 million in the same period last year, according to Raketech's own interim report published on August 19, 2026. Adjusted operating profit fell by a similar margin, down 64.2% to EUR 442,000 from EUR 1.237 million.
The results add to a run of mixed affiliate earnings this year, covered alongside other operator updates in gambling.com's industry news.
Revenue Down, Margin Up
Revenue from continued operations dropped 17.6% year on year to EUR 5.617 million, from EUR 6.818 million in Q2 2025. Reported EBITDA slipped just 1.8% to EUR 1.297 million, while adjusted EBITDA fell 6.6% to EUR 1.347 million from EUR 1.442 million.
Despite the revenue decline, the adjusted EBITDA margin from continued operations strengthened to 24.0%, up from 21.2% a year earlier.
Raketech attributed the gap between falling revenue and a steadier EBITDA line to an improved revenue mix and a lower cost base, alongside the continued phase-out of the Paid Publisher Network within its SubAffiliation division.
The company said higher depreciation and amortisation, linked to a change in the useful-life estimate applied to certain intangible assets and domains, was the primary driver behind the sharper fall in operating and net profit relative to EBITDA.
Casino Games Hub
Nordics Still Carry the Business
The Nordics remained Raketech's core market, generating EUR 4.224 million of continued-operations revenue in the quarter, or 75.2% of the total, though that was still down 6.2% year on year from EUR 4.502 million.
Revenue from the US fell 48.9% to EUR 243,000, while Rest of World revenue dropped 37.7% to EUR 899,000.
Full-time employee numbers fell to 54 at the end of the quarter, down from 87 a year earlier, a 37.9% reduction that Raketech linked to its ongoing organisational restructuring. Contractor numbers fell from 37 to 29 over the same period.
World Cup Campaign
Chief executive Johan Svensson said the FIFA World Cup drove the busiest period of the quarter, describing it as "the largest sports campaign in Raketech's history," bundling traffic and commercial sales across owned and external publishers through the company's AffiliationCloud platform.
Looking ahead, Svensson said the company's priorities are "unchanged," pointing to further investment in Raketech Owned Publishers, its media-led products and the Organic Publisher Network. "With EBITDA improvement, a stronger margin, and revenue growth across both business areas, we believe Raketech is entering the second half with a stronger foundation for gradual improvement," he said.
The company also disclosed that, after the reporting period, it signed a new partnership to launch an iGaming media platform in Italy, its first application of the media-led model outside the Nordics, expected to go live toward the end of the third quarter.
Raketech's shares trade on Nasdaq First North Premier Growth Market under the ticker RAKE. Its full Q2 2026 interim report is available on the company's investor relations pages, alongside gambling.com's online casinos hub for licensed operators.
