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Business
November 14, 2024
Better Collective Faces Strategic Recalibration amid Rising Market Pressures
Better Collective, a prominent betting and affiliate company, is navigating strategic challenges that have prompted a realignment of its operational model and financial targets. The business reported a Q3 increase in revenue by 7.7% to EUR 81.2 million ($85.69 million), with recurring revenue settling at EUR 52.8 million ($55.73 million). Organic sales, however, came in […]
Business
October 30, 2024
Better Collective Cuts Team Due to Business Struggles
Jesper Søgaard, Better Collective’s co-founder and chief executive officer, announced his company’s plans to part ways with some of its team members. This difficult decision came amid the company’s recent cost base adjustment and financial targets downgrade. Emotional Days for the Company Søgaard described the past few days as “emotional,” adding that he regrets to […]
Business
October 25, 2024
Better Collective Streamlines Operations, Updates 2024 Financial Plans
Digital sports media group Better Collective released preliminary financial results regarding the third quarter of the year along with an updated full year 2024 financial guidance. The Company Remains Focused on Sustainable Long-Term Success Focusing on the preliminary unaudited figures, the company confirmed it anticipates revenue in the realm of €81 million ($87.7 million) for […]
Business
August 22, 2024
Better Collective Announces $31M Price Drop for Playmaker HQ
Last July, the leading digital sports media group with top sports media brands and esports coverage Better Collective announced it finished the acquisition of South Florida-based sports and entertainment media platform Playmaker HQ as a means of boosting its social media and sports content. Now, the Denmark-based company founded in 2004 has issued its second […]
Business
June 24, 2024
Better Collective Delivers Enhanced Value with New Buy-Back Program
Better Collective A/S has announced a share buy-back program valued at up to EUR 20 million ($21.48 million). The program, set to run from 24 June 2024 to 5 September 2024, aims to cover future obligations related to acquisitions and long-term incentive (LTI) programs. With the company enjoying robust financial performance, this initiative will be […]
Business
May 22, 2024
Better Collective Reports Robust Q1 Performance amidst Strategic Expansion
Better Collective, a leading sports betting media group, has reported robust performance in the first quarter of 2024, with significant growth in revenue and strategic acquisitions driving the company’s success. The recent acquisition of AceOdds and the following share buyback program further cement Better Collective’s commitment to diversifying its business and future-proofing its operations. Most […]
Business
May 17, 2024
Better Collective Expands UK Foothold with €42M AceOdds Acquisition
The digital sports media group, Better Collective, announced it successfully completed the acquisition of AceOdds, a leading UK sports betting media brand. The group confirmed that the acquisition with a price tag of €42 million ($45.5 million) was completed Thursday. The price tag of the acquisition represents a 4x premium on the last 12 months’ […]
Business
March 21, 2024
Better Collective Execs Enjoy Large Combined Pay Jump in 2023
February has been a busy month for the digital sports media group Better Collective. After finalizing the acquisition of Playmaker Capital and publishing the unaudited FY 2023 report that showcased 2023 as a very strong year, the company announced it was targeting double-digit revenue growth and busy completing a capital raise of around 10% new […]
Business
February 22, 2024
Better Collective’s Impressive Financials Set the Stage for a Successful 2024
Stockholm and Copenhagen-listed media group Better Collective A/S has surpassed its 2023 revenue target despite challenging conditions in the US market during the fourth quarter. While Q4 results saw the company exceed its full-year revenue target of between €315 million ($340.6 million) and €325 million ($351.4 million), shares declined in response to the dip in […]
Business
February 19, 2024
Flutter’s Elders Leaves 11-Year Position for Better Collective
Anthony Elders took it to his LinkedIn account to announce he will be leaving the London FTSE100- and Euronext-listed online sports betting and gaming company that operates innovative and distinctive brands, Flutter Entertainment. Elders, who spent close to 11 years with Flutter’s PokerStars, Paddy Power, and Betfair in various positions, will join Better Collective at […]
