2020_8_pragmatic.gif
2020_8_pragmatic.gif
2020_8_pragmatic.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 19 February 2019

Better Collective increases annual revenue by 54% in 2018

By Matthew Enderby

Better Collective grew its revenue by 54% to €40.5m ($45.8m) in 2018, in line with company expectations.

EBITA before special items increased 47% to €16m; special items, IPO and M & A cost the company €4m, resulting in EBITA of €12m.

However, Better Collective's total operating profit fell by 8% to €9m during 2018, while profit after tax dropped 27% to €5.4m.

The affiliate took €12m in the year’s fourth quarter, increasing its revenue by 30% year-on-year.

Q4 EBITA before special items saw an increase of 51% to €5.3m. Special items cost €114,000, resulting in EBITA of €5.2m.  

Jesper Søgaard, CEO of Better Collective, said: "In Q4, we continued to deliver significant growth. However, when comparing to the extraordinarily strong Q4 2017, organic revenue declined as expected.

"This is explained by the volatility we face in our line of business, where the timing and results of big sporting events, plus our strong NDC growth, have a direct impact on revenue.

"For the full year 2018, we are in line with our expectations and we are well prepared for 2019.”

RELATED TAGS: Financial | Industry | Affiliate
DISCUSS THIS ARTICLE
IN-DEPTH 18 February 2020
A decade to remember
READ MORE

PREMIUM CONNECTIONS
Efbet
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
ActiveWins
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
BBIN
Systems and Software
The Leading iGaming Software Supplier in Asia
1xPartners
Affiliate
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Zimpler
Payments
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
BetConstruct
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
NSoft
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...