Better Collective AS has upgraded its financial targets for 2023 trading, as the Stockholm-listed media publisher continues to benefit from a record-breaking Q1 momentum. Updating shareholders, Better Collective expects its FY2023 revenue target to stand in the €315m-€325m range, up from the previous target of €305m-€315m – results implying a growth of 17-21%. Likewise, Better Collective anticipates its FY2023 EBITDA …
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Better Collective lauds new business profile as Q1 cash results jump x3
Better Collective AS has opened FY2023 trading with a further consecutive recording-breaking quarter, underlining the success of its strategic business shift and M&A strategy. The results of Q1 2023 have been deemed as a “high-water mark in its financial performance” as group revenues total €88m, up 30% on corresponding 2021 results of €67m. “We’ve achieved another record-breaking quarter. The performance …
Read More »Better Collective celebrates ‘Big Switch’ as 2022 profits double
Better Collective AS has lauded the strong diversification of its media assets, having achieved a record-breaking quarter to close full-year 2022 trading. Publishing its 4th quarter and FY2022 results, the Stockholm-listed media publisher achieved record Q2 revenues of €86m, up 63% on 2021 comparatives of €53m – helping FY revenues stand at €270m (FY2021: €177m). Headline growth saw Better Collective …
Read More »Better Collective Spotlight: Taking the safer gambling conversation to the next level
For November’s Better Collective Spotlight, we delve into the world of social responsibility and some of the initiatives that the Danish sports media publisher has introduced to tackle problem gambling behaviour. Following on from Safer Gambling Week (SGW), which took place from 1 – 7 November, Esben Skou Vinther, Senior Director for Group Strategy & Execution, told SBC News that …
Read More »Better Collective launches Gamalyze problem gambling tool
Better Collective has launched its Gamalyze responsible gambling product across its primary sports betting media brands, coinciding with Safer Gambling Week 2021. Produced by Mindway AI – acquired by Better Collective earlier this year – the product functions as a self-assessment tool in the form of a virtual card game, and is offered to online gamblers where the player tries …
Read More »Better Collective Spotlight: How ‘The Big Stage’ is building Euro 2020 engagement
Video content can be one of the best ways of interacting with new audiences both in the build up to and throughout a major sports tournament. With that in mind we caught up with Joe Ryan, Head of Video and Audio & Presenter at Better Collective, to discuss why ‘The Big Stage’ by bettingexpert has proved to be such a …
Read More »Better Collective powers up US vision with $240m buyout of Action Network
Better Collective AS stated that it has secured the ‘outright leader’s position’ in US sports betting’s media and affiliate landscape, having reached ‘definitive terms’ to acquire the Action Network. This Monday, Better Collective announced its biggest M&A transaction to date, acquiring all assets of US sports betting publisher Action Network for $240 million (€198m) on a ‘cash and debt-free basis’. …
Read More »Jesper Søgaard: Mindway AI underpins Better Collective’s sustainable future
Better Collective has reaffirmed its commitment to developing Mindway AI as the technology to deliver the group’s sustainable objectives in a new era for igaming and sports betting media. Operating as global gaming’s biggest media publisher, Better Collective underlined the importance of building up its safer gambling and risk detection capabilities – as confirmed in its 2020 ‘Better for Bettors’ …
Read More »‘Better for Bettors’: Better Collective’s formalised approach to sustainable development
For this month’s Better Collective Spotlight, we spoke to Christina Thomsen (pictured above), Head of Investor Relations (IR) and Corporate Social Responsibility (CSR) at Better Collective. We asked her about the sustainability strategy at Better Collective, the parent company behind the likes of bettingexpert.com and hltv.org, and a new commitment to supporting the Sustainable Development Goals (SDG) set by the …
Read More »Better Collective moves fast to mitigate COVID-19 as esports journey begins
The business model for Better Collective has shown resilience against COVID-19 headwinds, as it moves to diversify its publishing assets to compete within the esports market. A strong opening to 2020 trading saw Better Collective record a 40% increase in group revenues to €20m (Q12019: €15m), which has been driven by a combination of improved sports win margins and increased …
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