Better Collective has announced revenue of €96.2 million for the final quarter of 2024, taking full year revenue to €371.5 million with recurring revenue of €231 million up 21%.

EBITDA before special items was €34 million, up 14% and exceeded the recent guidance given in connection with the downgrade in October.

This was primarily driven by revenues ending in the high end of the range, as well as the cost efficiency program being implemented faster than expected. The EBITDA-margin for the quarter was 35%

Jesper Søgaard, Co-founder & CEO comments: “In just a few years, Brazil and the US have emerged as key growth drivers for our business, now representing more than half of our 2024 Group revenues. We have strategically leveraged our strong organic and inorganic growth performance to secure leading positions in these growing markets for Better Collective.

Despite the unforeseen challenges which arose in the second half of 2024 in those markets, our confidence in the long-term potential remains strong. I am pleased with the growth we saw over the year in key areas, including our Europe, Canada, and South American businesses, as well as the advancements we made in our esports business. 

As we have progressed into 2025, our focus is on commercial execution, business development and capital allocation. Supported by our exceptional team and our leading House of Brands, we are well-positioned to seize the many opportunities ahead.”