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NEWS 7 November 2019

Better Collective CEO praises Q3 performance as revenue soars

By Tim Poole

Better Collective grew its Q3 revenue 54% year-on-year to €17.1m ($19m), as acquisitions in the US and Sweden boosted the affiliate.

Organic revenue growth for the trading period was 25%, while EBITA before special items increased 43% to €6.8m.

The affiliate's new depositing customers exceeded 85,000 for Q3, up 27%.

For the year-to-date, this meant Better Collective’s revenue was up 69% to €47.9m.

During the nine-month period, EBITA also grew 88% to €20.1m, with new depositing customers exceeding 313,000 – a growth of 74%.

Jesper Søgaard, Better Collective CEO, said: "Q3 is normally a seasonally weak quarter with lower player activity and with most major sports leagues pausing in July and part of August.

"With that in mind, I am happy to see such strong business performance with the highest quarterly revenue in the history of BC and continued strong NDC intake."

RELATED TAGS: Online | Financial | Affiliate
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