A premier sports wagering media group, Better Collective, witnessed remarkable expansion in the final quarter of 2022. Their Q4 earnings reached €86.1 million, a staggering 63% rise compared to the same period the previous year. This exceptional outcome was driven by a surge in consistent income, which practically doubled due to their effective revenue-sharing framework.
Profitability also saw a significant upswing! Their adjusted EBITDA (a profitability indicator) leaped by 115% to hit €35.2 million, boasting a robust profit margin of 41%. They attracted an unprecedented number of new clients – exceeding 580,000 – indicating a promising future.
This positive trend persisted into the new year, with January 2023 establishing another earnings record at over €37 million, a 40% increase from the prior year.
Reflecting on the entirety of the previous year, Better Collective’s 2022 performance was nothing short of exceptional. Their overall earnings for the year reached €269.3 million, a 52% surge. They observed similarly remarkable growth in consistent income and EBITDA, showcasing the robustness of their business strategy.
Jesper Søgaard, co-founder and CEO, conveyed his enthusiasm, noting that the company’s endeavors to become the leading digital sports media entity are demonstrably yielding results. He emphasized the strong, varied expansion and the successful collaborations achieved throughout the organization.
Our athletic network has skyrocketed in recognition! It’s the prime destination for countless enthusiasts and a significant attraction for collaborators aiming for major success.
I’m immensely pleased with our group’s commitment. Their tireless efforts have yielded results, allowing us to surpass our fiscal targets for this period.