Tag Archives: better collective

Better Collective has reflected on a ‘tough match’ in 2024, citing unexpected hurdles which it was able to overcome to achieve revenue growth of 14% at the close of the year. The sports betting-focused digital media group reported revenue of €371.5m (2023: €326.7m) in 2024, though EBITDA did fall slightly by 6% from €109.1m to €102.5m. Operating revenue also took …

Better Collective AS is prepared to navigate another year of risks and challenges to maintain its dominance as the iGaming sector’s largest and most valued media PLC. Speaking to investors, CEO and Co-founder Jesper Søgaard emphasised that despite ongoing revisions, there is no change in Better Collective’s overarching ambition to be market dominant across all continents where its media network …

Better Collective A/S continues to navigate adjustments in the US and Brazilian markets, as leadership introduces its 2027 sustainability target to restore the business to organic growth. The Stockholm and Copenhagen dual-listed media group cited improved year-end trading, following a challenging 2024, in which the company failed to meet its market guidance for the first time since 2017. Under revised …

Better Collective AS has revised its financial guidance for full-year 2024 trading, notifying investors that results are above previously revised expectations detailed to the market. Updating investors, the Stockholm/Copenhagen-listed media group expects FY2024 revenues to stand at €371m. Revenue performance will fall within the top range of Better Collective’s revised guidance issued in Q3 of €355m to €375m – reset …

Better Collective A/S has commenced a €50m cost reduction programme to “streamline operations and align its investment base with market dynamics”. In October, the Stockholm- and Copenhagen-listed media group notified markets of a forthcoming streamline as  year guidance for 2024 was downgraded to a revenue range of €355m to €375m, from its previous target of over €395m. Revised targets saw …

Better Collective A/S has announced that it will enter a ‘streamlining process’ to optimize its group performance following major acquisitions and changes in key market outlooks. The Stockholm-and-Copenhagen listed media group made this decision after leadership’s assessment of Q3 trading. Preliminary Q3 2024 results show Better Collective reporting unaudited revenues of €81m, combined with an EBITDA before special items of …

Better Collective A/S maintains confidence in achieving its upgraded full-year financial objectives, despite reporting flat EBITDA results during Q2 trading. Publishing its Interim H1 2024 accounts, the Stockholm and Copenhagen joint-listed iGaming media group’s year-to-date revenues stand at €194m, up 17% on 2023 YTD comparatives of €166m. Revenue growth was maintained by Better Collective, generating a 27% increase in Q2 …

Esben Skou Vinther, VP of Europe Better Collective, spoke to Insider Sport about the importance of the upcoming EURO 2024 tournament and how operators can maximise its potential for higher profits and true fan engagement.  Insider Sport: The Euros are getting closer – what’s forefront in your mind right now in terms of preparations for the tournament? Is everything in …

Better Collective’s leadership announced that the Playmaker Capital integration is going as planned from Q1 onwards, and once those assets are fully integrated, Better Collective (BC) is assured of taking position as outright media leader for South American gambling audiences. According to company CEO Jesper Søgaard, the Playmaker acquisition has already provided “great opportunities” for revenue growth just three months …

Better Collective A/S has reaffirmed its position as global gaming’s most valuable media firm following a positive opening to 2024 trading. In Q1 2024, the joint-listed media firm in Stockholm and Copenhagen achieved €95m in revenue, an 8% increase from Q1 2023’s €88m. Like-for-like recurring revenues reached €53m, making up 57% of group revenues. This is a 14% increase from …