Better Collective outshines Gambling.com Group in Q3 revenue

Better Collective and Gambling.com Group released Q3 2023 results, showing growth in revenue and EBITDA for Better Collective, while EBITDA for Gambling.com Group fell. 

better collective q3
Listen To Article

Affiliates Better Collective and Gambling.com Group have released their Q3 2023 results.

Both have seen growth in revenue, with Better Collective pulling in €75.4m ($81.9m) to Gambling.com Group's $23.5m.

As an industry leader, it is to be expected that Better Collective’s revenue would be higher than that of Gambling.com Group. The affiliate has shown itself to have significant spending power to back its acquisitions, which must therefore be backed by matching quarterly revenues.  

This quarter alone, it acquired Playmaker Capital as part of North American outreach and had a dual share listing on Nasdaq Copenhagen – only two of several business moves made by the affiliate.  

For a level analysis of the Q3 of Better Collective and Gambling.com Group, assessing year-on-year (Y-O-Y) percentage changes provides a solution. 

Despite revenue growth of 19%, Gambling.com Group was still unable to outrank Better Collective, which saw revenue increase from €59.7m to €75.4m for a percentage change of 26.3%. Moreover, of the two, only Gambling.com Group reported a decrease in EBITDA, down 6% from this time last year. 

This is compared to Better Collective, which reported an EBITDA increase of 34.6%. 

Still, Gambling.com Group's Q3 2023 metrics, especially in revenue growth, are reflective of a company in a positive position. Moreover the company generated notable organic growth, further reflecting this position.

On the results, CEO and Co-Founder of Gambling.com Group Charles Gillespie said: "Gambling.com Group is expected to continue to benefit from many near and long-term opportunities to deliver profitable organic growth."


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...