Soft2Bet, a leading global provider of iGaming turnkey solutions, has released its highly anticipated 2024 Growth Report, spotlighting an impressive doubling of year-on-year EBITDA. The 74-page document offers a comprehensive look at the company’s extraordinary achievements in financial performance, compliance, product innovation, and industry recognition. It also delves into Soft2Bet’s Corporate Social Responsibility (CSR) initiatives and the game-changing impact of the Soft2Bet Invest innovation fund.
These accomplishments underscore Soft2Bet’s expansion in regulated markets, pioneering product innovation, and its growing global credibility in the iGaming sector.
Global Expansion: Breaking New Ground
Soft2Bet made remarkable strides in market expansion throughout 2024, securing pivotal licenses in key regions:
- North America: Entered Ontario and Mexico with B2C licenses, with significant progress toward launching operations in New Jersey to target the burgeoning U.S. iGaming market.
- Europe: Strengthened its foothold in Sweden with three additional B2C licenses, and obtained B2B licenses in Greece and Romania.
- Future Growth: A planned expansion into Spain promises to solidify its European leadership, particularly in online sports betting and casino gaming.
Additionally, the company finalized two major turnkey partnerships in Mexico and Nigeria and celebrated its first MEGA partnership with a prominent European operator.
Uri Poliavich, Founder and CEO of Soft2Bet, stated:
« Our MEGA solution has redefined gamification, driving player engagement and significantly enhancing our performance across new markets. This innovative strategy underpins sustainable revenue growth and delivers a stronger ROI while earning industry recognition. »
Financial Performance: Doubling Down on Success
Soft2Bet’s financial growth in 2024 was nothing short of extraordinary, as evidenced by its unaudited consolidated figures. The company’s EBITDA doubled compared to 2023, supported by robust revenue growth across its licensed markets.
By leveraging its innovative B2B solutions and maintaining a consistent trajectory, Soft2Bet capitalized on previous investments while expanding its presence in high-potential markets worldwide.
Pioneering Product Innovation
A key driver of Soft2Bet’s growth was its focus on cutting-edge product development. The company advanced its Motivational Engineering Gaming Application (MEGA) and introduced AI-powered tools that personalized game recommendations and promotions.
MEGA’s rollout as a standalone solution enabled operators to integrate gamification and advanced retention tools seamlessly, resulting in impressive outcomes:
- 65% increase in Net Gaming Revenue (NGR)
- 45% growth in Average Revenue Per User (ARPU)
- 50% boost in deposit volumes
These innovations empowered Soft2Bet’s platform to scale rapidly while delivering sustainable growth across its markets.
Accolades and Industry Recognition
Soft2Bet’s relentless drive for innovation and excellence earned the company widespread industry acclaim in 2024:
- 38 award nominations—a remarkable 322% increase from the previous year.
- 10 major accolades, including several for product innovation—a 233% rise year-over-year.
Corporate Social Responsibility: Making a Difference
Soft2Bet’s commitment to social impact was equally noteworthy. In 2024, the company spearheaded nine CSR initiatives, such as blood drives, community cleanups, and breast cancer awareness programs. Contributions included over €821,000 donated to seven NGOs, alongside partnerships with 34 organizations.
Investing in the Future
The Soft2Bet Invest innovation fund continued to make waves, receiving the prestigious “Outstanding Contribution to the Gaming Industry 2024” award. This €50 million fund supports iGaming and casual gaming entrepreneurs, focusing on AI, UX analytics, and high-margin gaming solutions.
Looking Ahead
Soft2Bet’s 2024 Growth Report not only highlights its past successes but also sets the stage for future innovation and expansion. By combining cutting-edge technology, strategic market penetration, and a commitment to social impact, Soft2Bet is redefining what it means to lead in the iGaming industry.
For an in-depth look at Soft2Bet’s achievements and vision, download the full 2024 Growth Report here.
