Better Collective posts record first-quarter revenue of €67.4m

Finance News

Better Collective has reported a first-quarter revenue rise of 74% to 67.4 mEUR . Organic revenue growth was up 44%.  EBITDA before special items increased 75% to 23.1 mEUR.

Revenue share income was again affected by lower than expected sports win margin within certain geographies, partners and sports, however absolute performance was significantly improved due to strong NDC-performance in the recent year.

Jesper Søgaard, Co-founder & CEO of Better Collective, commented: “2022 got off to a flying start with significant growth across business areas. Q1 showed very strong organic growth and a record quarterly revenue of 67 mEUR which was driven by a record intake of new depositing customers and an all-time high gross gaming on revenue share accounts”.