Better Collective Q3 revenues up 54% on US acquisition strategy
CEO Jesper Søgaard hails third quarter performance after highest quarterly revenue in company history
Affiliate group Better Collective today reported Q3 revenue growth of 54% to $19m with performance boosted by the firm’s US acquisition policy.
Rev share deals accounted for 69% of total third quarter revenue, with 14% coming from CPA deals, 8% from subscription sales in the US and 9% from other sources of income.
EBITDA for the period rose by 43% to $7.5m, up from $5.2m in the same period last year, while 25% of revenue growth was organic.
Non-organic revenue growth came primarily from the $18m acquisition of US-focused Vegas Insider and Scores and Odds, as well as the $21m purchase of DFS network RotoGrinders.
New depositing customers (NDCs) reached 85,000 for the quarter after growth of 27%.
Better Collective CEO Jesper Søgaard
Better Collective CEO Jesper Søgaard said: “Q3 is normally a seasonally weak quarter with lower player activity and with most major sports leagues pausing in July and part of August.
“With that in mind, I am happy to see such strong business performance with the highest quarterly revenue in the history of Better Collective and continued strong NDC-intake,” he added.