Better Collective Surpasses 2023 Financial Goals

Better Collective, a leading provider in the igaming industry, has proudly disclosed its preliminary unaudited financial results for the year 2023, showcasing a remarkable achievement as revenues and EBITDA surpassed and met the company’s financial projections, respectively.

For the full year, Better Collective reported revenues of approximately €327 million (£279.3 million/US$352.4 million), surpassing its target range of €315-325 million and marking a growth rate of 21%. Additionally, EBITDA for the year reached approximately €111 million, aligning with the high end of the projected range of €105-115 million, representing an impressive 31% growth. Furthermore, the company achieved a net debt to EBITDA ratio below 2.0, in line with its financial target.

The year 2023 stood out as a particularly strong period for Better Collective, during which the company not only twice upgraded its financial targets but also executed strategic operational performances and accretive acquisitions. Initially, Better Collective set forth a guidance at the beginning of the year targeting revenues between €290-300 million and EBITDA between €90-100 million. However, due to robust performance, the latest guidance was revised to anticipate revenues of €315-325 million and EBITDA of €105-115 million. Ultimately, the company exceeded these revised revenue expectations and achieved the upper spectrum of the EBITDA forecast, while also meeting its net debt to EBITDA target.

Better Collective is scheduled to release its comprehensive Q4 and full-year report on February 21, after the market closes. This report is eagerly anticipated, as it will provide further insights into the company’s successful financial trajectory and strategic accomplishments throughout 2023.