The sports betting media conglomerate, Better Collective, experienced a remarkable 2020. Their financial gains surged by 35% year-over-year, hitting €91.2 million (roughly $110.9 million). This notable upswing was propelled by an 8% natural expansion in their partner marketing division.
Their profitability mirrored this success. Earnings before interest, taxes, depreciation, and amortization (EBITA) climbed by 34% to reach €36.6 million. Additionally, they witnessed a 44% jump in operating cash flow, which landed at €38.3 million.
The company’s positive trajectory persisted into the final quarter, with revenue escalating by 88% to €36.7 million. This was partially attributed to their purchase of Atemi Group, a strategic maneuver that solidified their market standing.
Looking towards the future, Better Collective has set its sights on even loftier achievements. They’ve established ambitious objectives for 2021, including exceeding €1.6 billion in revenue and attaining an EBITDA of over €50 million. Furthermore, they are aiming for organic expansion surpassing 20%.
Jesper Søgaard, Chief Executive Officer of Better Collective, conveyed his pride in the company’s adaptability and robust performance amidst a demanding year.
We confronted the year 2021 directly, prepared for the possibilities and obstacles it held.
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