Better Collective Achieves Remarkable Financial Success in 2020

A prominent sports wagering media conglomerate, Better Collective, witnessed remarkable financial prosperity in 2020. Their earnings surged by 35% compared to the previous year, reaching €91.2 million (equivalent to roughly $110.9 million USD). This notable expansion was partly driven by an 8% natural increase in their partner network.

Their earnings before deducting interest, taxes, depreciation, and amortization (EBITDA), excluding extraordinary items, also experienced a substantial rise of 34%, reaching €36.6 million. Furthermore, cash generated from their operations escalated by an impressive 44% to €38.3 million.

Over the course of 2020, Better Collective acquired over 437,000 new clients making deposits, sustaining the robust momentum they established in 2019.

The final quarter proved particularly robust, with earnings soaring by 88% to €36.7 million. This encompassed a 32% natural growth rate. The incorporation of Atemi Group on October 1st played a crucial part in this triumph, with the merging of the two entities progressing seamlessly.

Better Collective’s earnings doubled relative to the preceding quarter, while their profit before interest and taxes, excluding extraordinary items, witnessed a remarkable 92% surge, reaching €13.6 million.

Cash flow generated from operating activities, excluding extraordinary items, expanded by 35% to €10.1 million. They also gained an impressive 153,000 new clients making deposits, a 30% increase.

The partner network sustained its robust performance into the new year, attaining €13 million in earnings in January, signifying a 78% increase.

Having achieved their 2018-2020 objectives and implemented segment reporting, Better Collective’s board has established ambitious new financial aspirations for 2021. These encompass exceeding €160 million in earnings, surpassing €50 million in EBITDA (replacing EBIT excluding extraordinary items), and achieving over 20% natural growth.

Jesper Søgaard, Chief Executive Officer of Better Collective, remarked on the company’s performance: “Reflecting on this atypical year, I am delighted to observe that our business has demonstrated resilience, and I am proud of the strong outcomes we have delivered.”

We began 2021 overflowing with hope and eager to welcome a new beginning filled with potential.