Better Collective, a digital sports media group, recently announced its unaudited full-year report following its acquisition of Playmaker Capital. The company reported a very strong year in 2023, exceeding its guidance and achieving impressive financial results.
According to the announcement, Better Collective’s full-year revenues reached EUR 327 million ($352.5 million), marking a 21% year-on-year growth. Additionally, EBITDA increased by 31% to EUR 111 million ($119.7 million), surpassing the company’s guidance. The company also reported that its net debt to EBITDA before special items was below 2.0, in line with its target.
Throughout the year, Better Collective updated its guidance twice due to strong operational performance and accretive acquisitions. The company initially set out its guidance with revenues between EUR 290 and 300 million and EBITDA between EUR 90-100 million. However, it later updated the guidance to target revenues of EUR 315-325 million and EBITDA of 105-115 million.
The official Q4 and FY 2023 report for Better Collective is set to be released on February 21 after the market close.
In addition to its financial success, Better Collective is focused on becoming the leading digital sports media group, engaging fans and fostering passionate communities worldwide. The company is also committed to promoting responsible gambling, as evidenced by its membership in the Responsible Gambling Affiliate Association (RGAA).
Better Collective’s recent acquisition of Playmaker Capital has reinforced its position as a leading affiliate in the industry. The company expects financial synergies between the two companies to benefit its business and has updated its long-term financial targets following the completion of the deal.
The ambition of Better Collective is clear – to dominate the affiliate market and promote safe and responsible gambling practices. The company’s strategic acquisitions and strong financial performance in 2023 demonstrate its commitment to achieving this goal.