Better Collective CEO announces a workforce cut off
Better Collective, a digital sports media group founded in 2004, announced a cut off in its workforce to address recent challenges.Better Collective's CEO and Co-Founder...
Better Collective reports strong Q4 with €96M
Better Collective, a digital sports media group founded in 2004, shared its financial results for 2024, highlighting Q4 revenues of €96 million.
When compared to the same period of 2023, this is an increase of 13%. The company’s EBITDA before special items also saw a boost of 14%, reaching €34 million. For the full year 2024, revenue increased by 14% to €371 million, while EBITDA before special items hit €113 million ($118.1 million), showing a slight 2% increase compared to 2023.
Jesper Søgaard, co-founder and CEO at Better Collective, said:
“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. 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.”
Looking ahead, Better Collective has adjusted its long-term strategy. While mergers and acquisitions were previously part of its growth plan, the company is now prioritizing organic expansion. Earlier, in its workforce cut off announcement in October 2024, Better Collective shared its commitment to overcoming challenges. Now, the updated 2027 guidance reflects this shift, with a focus on strengthening existing operations rather than pursuing external deals.
Better Collective launches streamline growth strategy
Better Collective, a digital sports media group founded in 2004, announced its new strategic move to streamline in order to optimize the group’s performance.Operating a...
