Date: 09.02.2024

by Antoni Majewski

Better Collective Reports Impressive Growth in Full-Year Revenues and EBITDA for 2023

Better Collective, a leading digital sports betting platform, has announced stellar financial results for the full year of 2023, boasting revenues of 327 million euros and EBITDA of 111 million euros. This marks a remarkable growth of 21% in revenue and 31% in EBITDA, surpassing the group’s targets and reflecting a year of exceptional performance and strategic acquisitions.

Better Collective's Q2 Performance iGamingExpress

Exceeding Targets and Setting New Standards

Throughout 2023, Better Collective consistently outperformed expectations, prompting the company to revise its financial targets twice to accommodate its strong operational performance and successful acquisitions.

Initially setting revenue targets between 290-300 million euros and EBITDA between 90-100 million euros, Better Collective later raised the bar to 315-325 million euros in revenue and 105-115 million euros in EBITDA. Notably, the company not only exceeded its revenue target but also positioned itself at the upper end of the EBITDA range, demonstrating robust financial health and strategic foresight.

The impressive financial results for the full year of 2023 include:

  • Revenue of approximately 327 million euros, surpassing the target range of 315-325 million euros.
  • EBITDA before special items of approximately 111 million euros, exceeding the target range of 105-115 million euros.
  • Net debt to EBITDA before special items below 2.0, meeting the targeted threshold.

A Year of Strategic Growth and Acquisitions

Better Collective’s success in 2023 can be attributed to its strategic focus on operational excellence and strategic acquisitions. The company’s ability to identify and capitalize on growth opportunities in the digital sports betting market has fueled its expansion and solidified its position as a leader in the industry. By continuously enhancing its portfolio and leveraging its expertise, Better Collective has unlocked new avenues for growth and innovation.

Better Collective is set to release its fourth-quarter and full-year report on February 21, after the market closes. Investors and stakeholders eagerly anticipate further insights into the company’s performance and strategic direction, poised to capitalize on the momentum gained in 2023 and drive continued success in the future.

In Conclusion: A Testament to Growth and Excellence

Better Collective’s exceptional financial performance for the full year of 2023 underscores its commitment to delivering value to shareholders and stakeholders alike.

With revenues exceeding expectations and EBITDA reaching new heights, the company has set a high standard for operational excellence and strategic foresight in the digital sports betting industry. As it prepares to unveil its full-year report, Better Collective remains well-positioned to capitalize on its momentum and drive sustained growth in the years to come.