In the year 2020, Better Collective, an affiliate in the sports wagering industry, experienced remarkable expansion. Their financial gain surged by 35% to €91.2 million (approximately $110.9 million), accompanied by a robust natural expansion rate of 8%. This signifies they generated significantly more income, with a substantial portion originating from their current ventures rather than solely through mergers.
Their earnings (EBITDA) also escalated by 34% to €36.6 million, while the monetary flow from their operations rose by a healthy 44% to €38.3 million. Essentially, they were accumulating greater profits and retaining a larger share.
They also succeeded in attracting over 437,000 new patrons to wagering platforms, aligning with their achievements in 2019.
The concluding quarter of 2020 proved particularly fruitful for Better Collective. Their revenue soared by 88% to €36.7 million, with a 32% natural expansion rate. This was partially attributed to their incorporation of Atemi Group, which appears to have been a prudent decision given the seamless integration.
In contrast to the preceding quarter, their revenue doubled, and their profit before extraordinary items (EBIT) surged by an impressive 92% to €13.6 million. Their monetary flow from operations also witnessed a 35% rise, reaching €10.1 million. They also captivated a considerable number of new clients – 153,000 in that quarter alone.
January 2021 sustained the favorable trajectory with a 78% year-over-year revenue upswing, attaining €13 million.
Having accomplished their 2018-2020 objectives, Better Collective has established ambitious aspirations for 2021. They intend to surpass €160 million in revenue and €50 million in EBITDA, with a natural expansion rate exceeding 20%.
Jesper Søgaard, the Chief Executive Officer of Better Collective, conveyed satisfaction in the company’s adaptability and exceptional performance amidst a demanding year. They project confidence about the future and appear well-situated for sustained expansion within the online sports wagering domain.
We launched into 2021 with significant force, prepared to address the prospects and hurdles this fresh year holds.
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