iGB-Affiliate-Monitor_FEBRUARY 2022 - Page 10

BETTER COLLECTIVE THIRD QUARTER REVIEW

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Affiliate Monitor Company-by-company Q3 results analysis

Company-bycompany Q3 results analysis

● Better Collective ● Catena Media ● Gaming Innovation Group ● Raketech
● Acroud ● XLMedia ● Gambling . com Group ● Playmakers
BETTER COLLECTIVE THIRD QUARTER REVIEW

PART TWO

RINGSIDE SEAT
Better Collective ’ s growth in the past few years has been sector-defining . Like a prize fighter moving up the weight divisions , the company ’ s revenues continue to grow from already elevated levels .
As Better Collective has pointed out , the past year may yet turn out to be just a staging post on the way to a very different revenue profile . It reiterated its revenue target for 2021 of € 180m , double the € 91m gathered in 2020 . As the results suggested , the fourth quarter started well . October saw total revenues of € 16.8m , with organic growth at 17 % and total growth at 34 %.
The question now is what further M & A moves Better Collective might make in 2022 . Certainly , CEO Jesper Søgaard did little to dampen expectations that more buyouts are likely .
Chart 2 : Better Collective revenue Q419-Q321 (€ m )
€ m
50
45
45.4
40
38.8
40
36.7
35
30
25
20
19.6
20.9
18.3
15
15.3
10
5
0
Q419
Q120
Q220
Q320
Q420
Q121
Q221
Q321
Source : Company reports
iGB Affiliate Monitor