SBC News Better Collective exceeds target revenue in “very strong” 2023 

Better Collective exceeds target revenue in “very strong” 2023 

In a new shareholder update, Better Collective revealed that it has surpassed its financial target by reaching full year revenues of 327m and EBITDA of 111m.

These numbers represent an year-over-year growth of 21% and 31% respectively. Initial full-year revenue targets were set between 315m and 325m. 

Approximate full-year EBITDA fell in line with the targeted 105m to 115m. The net debt to EBITDA was below 2.0, again achieving expectations. 

Targets were adjusted twice during 2023 to reflect successful company growth and acquisitions. The first outline was set at the beginning of 2023, targeting revenues between 290m and 300m, and EBITDA approximately ​​105m to 115m. 

A notable step for the company last year was the acquisition of Toronto TSX-listed Playmaker Capital for €176m funded by Better Collective’s share allocation (65%) and cash reserves (35%).

Better Collective will release its Q4 and full year performance results on 21 February, after market close. 

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