Group revenue for Better Collective grew by 26 per cent to €75m (Q3 2022: €60m) during the third quarter of 2023.
Recurring revenue was €46m, implying 49 per cent growth and making up 61 per cent of total group revenue. Group EBITDA before special items was €20m, a growth of 35 per cent (Q3 2022: €15m). The group EBITDA margin before special items was 26 per cent.
Co-founder and CEO Jesper Søgaard commentd: “In Q3 we saw continued strong performance across the group working towards sustainable future growth for Better Collective.
"I am especially pleased to see that the transition into recurring revenue with our North American partners is moving faster than expected, which will provide strong value in the long run.
"Throughout the quarter we continued our global expansion, acquiring leading national sports media across four markets and following the close of Q3 we made a transformational acquisition of Playmaker Capital that will further accelerate our journey towards becoming the leading digital sports media group.
"I am pleased to see that the entire team at Better Collective continues to execute strongly on our strategy."
