Better Collective reports healthy growth in 2023

Better Collective reports healthy growth in 2023

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Better Collective reports healthy growth in 2023

Better Collective’s latest financial report has revealed the firm’s healthy performance throughout 2023.

One of the first figures detailed in the latest report was an FY2023 revenue of 327 million euros, which represented a 21% year-over-year increase for the media firm and continued building upon Better Collective’s successful 2022 performance which involved a 52% growth from the preceding year. The firm also reported an EBITDA of 111 million euros throughout 2023, which represented a 31% year-on-year increase.

Through this growth, Better Collective was able to meet and even exceed its financial performance projections for the year, which involved a target revenue of 315 million to 325 million euros and an EBITDA of 105 million to 115 million euros. The firm’s projections for the 2024 financial year involve a target revenue range between 390 million and 420 million euros, along with an EBITDA of 125 million to 135 million euros. These projections represent an estimated growth of 19% to 29% for the firm’s revenue and 13% to 22% for its EBITDA.

Better Collective also reported its key figures for the final quarter of the year, which involved a revenue of 85 million euros. In contrast to its full-year performance, the company’s Q4 EBITDA experienced a slight decrease of 16% and was recorded at 30 million euros at the end of the three-month period.

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