Better Collective reports 94% annual revenue rise

Better Collective reports 94% annual revenue rise

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Better Collective reports 94% annual revenue rise

Better Collective reports its financial results for the final quarter of 2021, with 44% of rise of revenue, reaching €52.8mln.

As Better Collective affirms, the rise by 74 percent of New Depositing Customers (NDCs) contributed to the growth of the revenue.

The organic revenue increase was by 25 percent, which aided the company to compensate its losses which it had seen because of low sports win margin.

The revenue for the entire 2021 demonstrate a rise of 94 percent, with organic increase of 29 percent. The EBITDA margin equaled to 32 percent.

The annual cash flow generated from operations accounted for €51.2m, raised by 34 percent. The full-year NDCs increased by 96 percent.

Regarding with outlay, the company’s acquisition accounted for nearly €210m, including the takeover of Rekatochklart, Sweden-based online sports wagering platform, at the cost of €3.8mln, as well as the purchase of Action Network, American sports gambling platform, worth €196mln.

The company highlights other essential achievements, including January’s doubled revenue, which had an organic rise of 69 percent.

Other major accomplishments include the media cooperation with the New York Post and the execution of LTI.

The last quarter also saw BC’s gain of the 40 percent share of RotoGrinders.

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