Better Collective, a leading affiliate marketing company in the iGaming sector, has reported impressive financial results for the third quarter (Q3), surpassing revenue expectations and demonstrating significant year-on-year growth. The company’s strong performance can be attributed to several factors, including increased revenue from its US operations, robust organic growth, and successful acquisitions. With positive projections for the fourth quarter (Q4), Better Collective is poised for continued success and anticipates substantial growth in both revenue and EBITDA for the full year.
Impressive Q3 Results and Growth Outlook:
Better Collective reported Q3 revenue of €59.7 million ($61.9 million), reflecting a remarkable 32% increase compared to the same period in the previous year. The company’s Q4 revenue is projected to reach €86.1 million, representing an impressive 63% growth year-on-year. Moreover, Better Collective expects its full-year revenue to total €269 million, indicating a substantial 52% growth rate. These figures far exceed the initial estimate of 20-30% organic growth, demonstrating the company’s exceptional performance and market presence.
Significant EBITDA Increase and Share Income Growth:
Better Collective’s Q3 EBITDA increased by 115%, totaling €35.2 million. The company’s strong financial performance is further evidenced by its projected EBITDA of approximately €85.1 million for the full year, representing a substantial 53% annual increase. Additionally, Better Collective experienced a record-high revenue share income of €25 million, indicating an impressive 73% year-on-year rise. These figures highlight the company’s effective business strategies and successful revenue generation.
Positive Market Developments and Growth Initiatives:
Better Collective’s success in Q3 can be attributed to several market developments and growth initiatives. The company’s transition to revenue share in the US market, expedited by favorable trends, has been particularly noteworthy. Additionally, Better Collective’s revenue share income has consistently reached all-time highs, further consolidating its position as a market leader. The company’s acquisition of a stake greater than 5% in rival affiliate Catena Media also demonstrates its commitment to expansion and strategic positioning within the iGaming sector.
Outlook and Future Prospects:
With strong financial performance and a robust market position, Better Collective remains confident in its growth prospects. The company’s positive Q4 projections indicate continued momentum, with anticipated revenue of €86.1 million and an estimated organic growth rate of 34%. Better Collective’s full-year EBITDA is expected to reach approximately €85.1 million, representing a notable 53% increase. As the company consolidates its presence in the lucrative US online market and continues to execute strategic acquisitions, Better Collective is well-positioned for sustained success and further expansion within the iGaming industry.
Better Collective’s exceptional Q3 results, surpassing revenue expectations and demonstrating strong growth, reflect the company’s effective business strategies and market-leading position. With robust projections for Q4 and the full year, Better Collective is set to achieve significant revenue growth and an impressive increase in EBITDA. The company’s successful transition to revenue share in the US market, coupled with its record-breaking revenue share income, further solidify its standing as a premier affiliate marketing company. As Better Collective continues to expand its market presence and pursue strategic acquisitions, its future prospects remain promising, making it a key player in the dynamic and thriving iGaming sector.