• Home
  • News
  • Results
  • Better Collective set to exceed full-year revenue guidance
hub88
Hub88
igamingnext photo
Better Collective is on track to beat its full-year revenue guidance for 2023, according to a preliminary trading update.

Full-year revenue is set to reach €327m, ahead of the previously communicated guidance range of between €315m and €325m.

Remarkably, the Copenhagen-based affiliate upgraded its full-year revenue target twice in 2023 due to strong operational performance and accretive acquisitions.

At the beginning of the year, 2023 revenue guidance was originally set at between €290m and €300m.

EBITDA guidance was initially set at between €90m and €100m. It was then raised to between €105m and €115m, and is now likely to come in at €111m.

This would represent annual growth of 21% for revenue and 31% for EBITDA.

Indeed, 2023 was a transformative year for the super affiliate. It many multiple accretive acquisitions, including the headline purchases of both Playmaker HQ and Playmaker Capital.

It also sewed up significant local acquisitions in regions including Denmark, Sweden and Brazil.

The company also unveiled a new 6,000 square-metre HQ in July.

Another successful year saw Better Collective enter 2024 as one of the top performing stocks in gambling. This attracted the attention of Microsoft investor BLS Invest, which snapped up a 6.7% stake.

In 2023, Better Collective stock witnessed a gain of 101.7%, securing its position as one of the best-performing stocks of the year.

Better Collective is scheduled to report its Q4 2023 and full-year 2023 results after market close on 21 February.

Similar posts