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."
