Better Collective Exceeds Revenue Expectations in 2023

Better Collective has announced that it is poised to exceed its revenue projections for the fiscal year 2023. The affiliate group anticipates its revenue to reach approximately €327 million, surpassing the earlier forecast of between €315 million and €325 million.

In addition to the impressive revenue figures, Better Collective expects its EBITDA for 2023 to be around €111 million. This exceeds the upper limit of its targeted range, which was initially set between €105 million and €115 million.

Despite having adjusted its guidance twice during the year, Better Collective demonstrated consistent growth. The company began 2023 with a revenue guidance of €290 million to €300 million but subsequently revised it upwards, first to €305 million to €315 million and then to €315 million to €325 million. Similarly, the EBITDA guidance increased from €90 million to €100 million to finally €105 million to €115 million.

Better Collective remained active in mergers and acquisitions throughout 2023. Notable acquisitions included advertising company Skycon Limited, Denmark-facing Tipsbladet.dk, Brazilian sports media platform Torcedores.com, and several Swedish brands such as SvenskaFans.com, HockeySverige.se, Fotbolldirekt.se, and InnebandyMagazinet.se.

The company recently completed its acquisition of Playmaker HQ, a digital sports media business, and Toronto-based Playmaker Capital. These acquisitions further solidify Better Collective's position in the market.

Better Collective is scheduled to release its Q4 and full-year report on 21 February, providing further insight into its financial performance and strategic outlook.