Better Collective has announced its Q2 financial results, highlighting a robust revenue growth of 27% compared to the previous quarter.
The company’s revenue for Q2 reached an impressive 99 million euros, reflecting its ability to thrive despite fluctuating market conditions. This significant increase underscores Better Collective’s successful implementation of its diversified strategy, as well as the strong performance across its business segments. The company’s focus on organic growth and strategic acquisitions continues to drive its financial success, positioning Better Collective for sustained growth in the coming quarters.
Flash Highlights:
- Revenue reached 99 mEUR, marking a 27% increase.
- Recurring revenue hit 62 mEUR, with a growth rate of 26%.
- EBITDA remained stable at 29 mEUR, maintaining a 29% margin. This aligns with last year’s exceptional performance and reflects the expected limited short-term margin contribution from recent acquisitions.
- Net debt to EBITDA stands at 2.0.
- Changes in media partnerships were fully mitigated, resulting in a net zero impact on the group.
- Achieved proof of concept and initial operational success for AdVantage.
- Full-year financial targets were upgraded following the AceOdds acquisition and remain unchanged.
Jesper Søgaard, Co-founder & CEO of Better Collective, stated:
Through a tremendous team effort, we delivered a strong Q2 despite changing market conditions. Our existing business has returned to organic growth, and I’m pleased to see our diversified strategy performing as planned.
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