Better Collective posts 40% revenue rise

Finance News

Better Collective’s Q2 Group revenue grew by 40% to 56.0 mEUR (Q2 2021: 40.0 mEUR). Organic revenue growth was 22%.

Strong organic growth despite an exceptional Q2 2021 and low season especially in the US. Revenue share income at an all-time high of 22 mEUR. The sports win margin increased from Q1 but was still below last year. The estimated impact was 7 mEUR vs. Q2 2021, and 16 mEUR vs. H1 2021. Group revenue grew by 57% to 123.4 mEUR (YTD 2021: 78.8 mEUR). Organic revenue growth was 33%.

Jesper Søgaard, Co-founder & CEO of Better Collective, commented:  “Q2 was a productive quarter. Revenues from revenue share contracts as well as NDCs were an all-time high of 22 mEUR and 387.000, respectively.

Our geographical diversification really proved its worth as the Europe & RoW”Publishing business continued its strong momentum for both revenue and earnings. Our US business showed 90% topline growth and a negative EBITDA, which runs in line with our strategy to continue large scale investments in what rapidly has become our largest single market.”