10
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