Better Collective reports revenue growth and exceeds 2023 targets
The report showed a 21% growth in revenue, as well as a 31% growth in EBITDA.
Super affiliate Better Collective has disclosed preliminary unaudited figures that reflect solid financial performance across the entirety of 2023.
The company announced total revenue of €327m ($353m) for the full year, surpassing its anticipated range of €315-325m.
Additionally, Better Collective achieved an EBITDA of €111m, positioning itself at the upper end of the forecasted range of €105-115m. This outcome signifies a growth of 21% in revenue and a notable 31% in EBITDA.
Throughout the year, the company also demonstrated strong operational performance and executed accretive acquisitions, prompting two upward revisions to its financial targets.
Initially, Better Collective set a target of €290-300m in revenues and an EBITDA of €90-100m at the beginning of the year. Subsequently, the guidance was revised to €315-325m in revenues and €105-115m in EBITDA, both of which were exceeded.
These results come, in large part, courtesy of several high-profile acquisitions that Better Collective made across 2023. This included acquiring Denmark’s soccer media outlet, Tipsbladet, for €6.5m ($6.9m) on 18 September 2023.
More recently, Better Collective also acquired Toronto-based Playmaker Capital on 7 November 2023, a move that aimed to boost its presence in the Americas and expand its global reach.
The company will provide a comprehensive overview of its Q4 and full-year performance in its report, scheduled for release on 21 February after market close.
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