Better Collective, a leading digital sports media group that owns national and international sports media, recently released its interim report for Q3. The company reported a strong performance across the group, with CEO and co-founder Jesper Søgaard expressing his satisfaction with the transition into recurring revenue with partners in North America, which is progressing faster than expected.

During Q3, the group continued to grow globally by acquiring top national sports media in four different markets. The strategic acquisition of Playmaker Capital towards the end of the quarter is expected to further accelerate the company’s journey toward becoming the leading digital sports media group.

In August, Better Collective announced the acquisition of several brands from Everysport Group, including,, FotballDirect, and Innebandy Magazinet, in a multi-million-dollar deal valued at €3.7 million ($4 million).

The Nasdaq Stockholm-listed group, based in Copenhagen, Denmark, reported a 26% increase in revenue from €60 million ($65 million) in Q3 2022 to €75 million ($81.5 million) in Q3 2023. The company also reported a 16% organic growth and a 35% increase in EBITDA to €20 million ($21.7 million). Recurring revenue reached €46 million ($50 million), marking a 49% increase from the same quarter in 2022 and accounting for 61% of total revenue. The group’s EBITDA margin prior to special items was 26%.

The group also reported a cash flow from operations before special items of €14 million ($15 million), with a 63% cash conversion. As the quarter ended, Better Collective’s capital reserves reached €123 million ($133 million), with €41 million ($44.5 million) in cash, €10 million ($10.8 million) in other current financial assets, and €72 million ($78 million) in unused credit facilities.

The company’s first official day of trading on the Nasdaq Copenhagen stock exchange is set for November 17, 2023.

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