Soft2Bet’s 2023 revenue grew 46% year-on-year in 2022

Online casino and betting software developer Soft2Bet has revealed its financial results for 2023. Compared to 2022, revenue increased by 46% – mainly due to the success of the Motivation Engineering Gamification Application (MEGA) platform.

During the past year, Soft2Bet’s sales performance remained strong in both the B2B (Business to Business) and B2C (Business to Customer) segments. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 207% for the year, and MEGA accounted for 60% of the company’s total gross gaming revenue.

Motivation Engineering Gamification Application is a platform that provides players with highly gamified products. It increases user engagement through added entertainment value.

The high financial results were commented by Soft2Bet CEO Yuri Polyavich. We are already developing partnerships with new and old friends, expanding in North America. This year, we will provide our partners with even more game-changing solutions, said the CEO. He also noted that the company intends to continue to deliver these and better results throughout 2024.

Soft2Bet partners also reported financial growth, with average revenue per player increasing by 70%. Given the positive results, the company will continue to strive to modernize and expand the MEGA product, as well as improve the core platform. Another area of focus is further integration of artificial intelligence and other technological solutions into developments.

Soft2Bet’s successes are noticeable not only in the online gambling market, but also in the sports betting industry, where the operating growth reached 300% by the end of 2023. The company operates in Italy, Sweden, Romania, Greece and other countries.

In parallel, the developer is preparing for a more serious entry into the North American market. Speech about the USA, where sports betting is already regulated in 40 states and online casinos in 7, as well as Canada and Mexico.

Noteworthy: Sweden’s gambling market revenue exceeded 27 billion kroner in 2023.


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