Better Collective’s second quarter revenue was 78 mEUR, growth of 39%; organic growth of 29%. Recurring revenue 46 mEUR; growth of 67% EBITDA before special items 29 mEUR; a margin of 37%; growth of 135% YOY.

Recurring revenue was 46 mEUR, implying 67% growth. Equal to 59% of group revenue versus 49% Q2 last year. Q2 group EBITDA before special items was 29 mEUR, a growth of 135% (Q2 2022: 12 mEUR).

Jesper Søgaard, Co-founder & CEO comments:“Q2 turned out to be an exceptional quarter with strong growth building on the momentum generated in previous quarters.

This was driven by a great performance across the group, highlighting the Americas and our media partnerships as key factors. Driven by successful acquisitions and a strong team to execute on our strategy, I am pleased with the progress we are making towards our vision to become the leading digital sports media group.

We continue to be excited about the vast potential and opportunities in South America, where we plan to leverage our ‘Better Collective Growth Formula’ throughout the region. We are working hard to establish a talented team on the ground dedicated to delivering excellent sports content and experiences to the South American audience.

In North America we have continued our investments despite tougher market conditions and I am proud to see that we are now reaping the benefits as operational earnings have moved from negative last year to a 33% margin during this low season quarter.”