A premier sports wagering media enterprise, Better Collective, experienced a phenomenal 2023. Initial fiscal outcomes reveal a 21% surge in earnings, hitting €327 million (roughly $353 million). This remarkable expansion surpassed their anticipated figures of €315-€325 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA) also witnessed a substantial rise, escalating by 31% to reach €111 million, comfortably aligning with their projected span of €105-€115 million.
The firm ascribes this triumph to robust operational execution throughout the year and several strategic purchases. These encompass the acquisition of a Danish soccer media platform, Tipsbladet, and, more notably, the procurement of Toronto-based Playmaker Capital. This latter acquisition was a significant maneuver to bolster Better Collective’s foothold in the Americas and broaden their international footprint.
These exceptional outcomes are even more noteworthy considering their early forecasts at the year’s commencement were less ambitious. Their initial objective was revenue between €290-€300 million and EBITDA between €90-€100 million. Evidently, they’ve far exceeded these initial benchmarks, showcasing their dominant market standing and upward trajectory.
Following the close of trading on the 21st of February, the firm will distribute a media statement containing comprehensive information regarding their fiscal performance for the final quarter and the entirety of the year.