Soft2Bet Releases Impressive Growth Report with Focus on EBITDA and Market Innovations

Overview

Soft2Bet, a prominent player in the B2B turnkey solutions landscape, has released its latest Growth Report, providing a comprehensive overview of the company's achievements and future direction. This report not only highlights Soft2Bet's impressive EBITDA growth but also outlines new licenses, product innovations, and its expanding footprint in regulated markets.

Financial Highlights

In a remarkable display of financial performance, Soft2Bet achieved a doubling of its EBITDA, underpinning a strong year that saw significant advancements and accomplishments across various fronts. The report cites a substantial rise in consolidated group revenue, attributed to the company's strategic focus on innovation and compliance within the iGaming sector.

Market Expansion

The year 2024 marked a significant leap for Soft2Bet as it successfully secured licenses in several key markets, including Ontario, Mexico, Sweden, Greece, and Romania. This expansion is a crucial element of Soft2Bet's strategy, aimed at cementing its presence in regulated markets. Furthermore, the company has initiated turnkey agreements in Mexico and Nigeria, making strides towards a presence in New Jersey and Spain. Founder and CEO Uri Poliavich affirmed, “Our MEGA solution has redefined traditional gamification, enhancing player engagement and showing robust returns on investment.”

Product Innovations

A key driver of Soft2Bet's growth has been its dedication to product innovation, with particular focus on its Motivational Engineering Gaming Application (MEGA). Enhancements made to MEGA have led to impressive metrics: a 65% increase in Net Gaming Revenue (NGR), a 45% rise in Average Revenue Per User (ARPU), and a 50% uptick in deposit amounts from users. These advancements reflect Soft2Bet's commitment to leveraging technology to enhance user experience and satisfaction.

Industry Recognition

Soft2Bet's unrelenting pursuit of excellence has not gone unnoticed, as reflected in the 2024 Growth Report. The company garnered a total of 38 award nominations, representing an astounding 322% increase from the previous year. Additionally, Soft2Bet secured 10 awards for product innovation, showcasing a 233% increase in recognition, further solidifying its status as an industry leader.

Corporate Social Responsibility

The report also highlights Soft2Bet's commitment to Corporate Social Responsibility (CSR). In 2024, the company supported nine different initiatives, donating over €821,000 to various non-profit organizations. This includes funding for community projects, health initiatives, and awareness campaigns, demonstrating a deep commitment to giving back and enhancing community welfare.

Contribution to the Gaming Community

Soft2Bet Invest, the company’s initiative to foster innovation within iGaming, offers funding and support to entrepreneurs in the industry. This innovation fund, amounting to €50 million, focuses on initiatives centered around AI, user experience analytics, and various gaming solutions. Remarkably, it received the Outstanding Contribution to the Gaming Industry 2024 award for its impactful investments and mentorship programs.

Conclusion

With its ambitious plans for market expansion, dedication to product innovation, and commitment to social responsibility, Soft2Bet stands at the forefront of the iGaming industry. The insights gleaned from the 2024 Growth Report serve as a testament to its unwavering commitment to excellence, sustainability, and community engagement, ensuring a bright future as it navigates the evolving landscape of online gaming.