iGB-Affiliate-Monitor_OCTOBER-2021 - Page 12

BETTER COLLECTIVE SECOND QUARTER REVIEW

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Affiliate Monitor Company-by-company review Better Collective

Company-bycompany review

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

PART THREE

BOUNCING
The bounce back from a Covid-hit prioryear period was pretty emphatic for Better Collective , the affiliate with the largest exposure to sports betting sign-ups . Revenue rebounded by 162 % year-on-year to hit € 40m while EBITDA rose 68 % yearon-year to € 12.7m .
However , the sequential rise was less impressive , up 3 % from the first quarter .
Better Collective also suggested that current trading in July was softer with the business seeing 13 % organic year-on-year growth , albeit that this is the low season in terms of sporting activity . It also noted that the comparison period had been busier with the resumption of various football leagues in July last year .
In terms of splits , the company said publishing contributed € 26m of total
Chart 3 : Better Collective revenue progression Q319-Q221 (€ m )
€ m
45
40
38.8
40
36.7
35
30
25
20
17.1
19.6
20.9
18.3
15
15.3
10
5
0 Q319 Q419 Q120 Q220 Q320 Q420 Q121 Q221
Source : Company reports
iGB Market Monitor