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 …
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Better Collective enters streamline to overcome growth challenges
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 …
Read More »Better Collective pledges H2 EBITDA recovery & US profit comeback
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 …
Read More »Better Collective diversifies media strategy for restless summer
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 …
Read More »Better Collective Q1 stresses importance of completing US revshare transition
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 …
Read More »Simon Hovmand-Stilling: Better Collective holds no compromise to lead Brazil media market
Last February, Better Collective, global gaming’s biggest media group completed its €176m acquisition of Playmaker Capital, diversifying its media portfolio once more to take leadership in South American markets. Ahead of the inaugural SBC Summit Rio (5-7 March), Simon Hovmand-Stilling, CEO of Better Collective South America details no compromise in the strategy to take Brazil’s top spot, building its most …
Read More »Magnus Linder, Better Collective: Taking big steps in diversification and expansion
Magnus Linder, Director of Northwest Europe for Better Collective A/S, opens up on the latest developments for the company, including acquisitions, strategy and its vision to become a preferred partner and industry leader. ________________ SBC: Last summer you acquired four Swedish websites from the Everysport Group: SvenskaFans.com, Hockeysverige.se, FotbollDirekt.se and Innebandymagazinet.se. Circa six months on from that deal, what have …
Read More »Better Collective completes acquisition of Playmaker Capital
Better Collective has announced the completion today of its acquisition of Toronto-based sports media group Playmaker Capital. The brand owns and operates a number of sports media brands in the Americas. Simultaneously, Better Collective’s Board of Directors has “resolved to increase the company’s share capital with nominally EUR 17,554.29”. Accordingly, 1,755,429 new ordinary shares, each with a nominal value of …
Read More »Better Collective appoints Guy Harding to lead global media partnerships
Better Collective A/S has confirmed the appointment of Guy Harding as Senior Director of Group Media Partnerships at the Stockholm-listed global betting and gaming media publisher. An expert in all disciplines related to player acquisition, partnership management, and campaign ROI, Harding joins Better Collective from iGaming media network Legend, where he most recently served as Commercial Director. Updating media, Better …
Read More »Simon Hovmand-Stilling: Better Collective engaged in all media for South American growth
This November, Better Collective executed its second biggest M&A acquiring Playmaker Capital for €196m, a deal which significantly amplifies its media network for sports audiences across South American markets. Simon Hovmand-Stilling, Better Collective CEO of South America, tells SBC of the active commercial opportunities on-boarded by the Playmaker acquisition and how Better Collective will apply its most diverse and localised …
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