Better Collective Releases Non-Audited Full Year 2023 Report

Better Collective, a leading digital sports media group, has just finalized its acquisition of Playmaker Capital and announced its unaudited full-year report for 2023, which surpassed the company’s guidance. The company reported a 21% year-on-year growth in full-year revenues, reaching EUR 327 million ($352.5 million), and a 31% increase in EBITDA to EUR 111 million ($119.7 million). These results exceeded the company’s previous estimates, with net debt to EBITDA before special items 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’s initial guidance targeted revenues of between EUR 290 and 300 million, with an EBITDA range of EUR 90-100 million. However, this was later updated to target revenues of EUR 315-325 million and EBITDA of 105-115 million. Better Collective’s official Q4 and FY 2023 report is set to be released on February 21 after market close.

In addition to its financial success, Better Collective aims to become the leading digital sports media group by engaging fans and fostering passionate communities globally. The company also actively supports responsible gambling, as demonstrated by its participation in the Responsible Gambling Affiliate Association (RGAA), alongside other affiliate companies such as Catena Media, Gambling.com, Oddschecker Global Media, Spotlight Sports Group, and XLMedia.

Furthermore, Better Collective’s recent acquisition of Playmaker Capital reinforces its position as a leading affiliate in the digital sports media industry. The company expects financial synergies between the two entities to have a positive impact on its business, leading to updated long-term financial targets.