BETTER COLLECTIVE Q2 REVIEW
AT A GLANCE
10
Affiliate Monitor Company-by-company Q2 results analysis
Company by company Q2 results analysis
● Better Collective ● Catena Media ● Gambling . com Group ● GiG Media Raketech ● Acroud ● Playmaker ● XLMedia ● FansUnite
BETTER COLLECTIVE Q2 REVIEW
AT A GLANCE
• Revenue up 39 % YoY to € 78m
• EBITDA before special items hits € 29m , up 135 %
PART THREE
SMASHING IT
The second quarter was “ stellar ” according to chief executive Jesper Søgaard who gave every indication of a business firing on all cylinders despite the sequential revenue drop of 11 %.
The company can point to the 40 % rise in YoY revenues to show that although it still suffers from the seasonality caused by the sporting calendar , its progression over the long timeframe suggests robustness .
Søgaard told the analysts on the quarterly earnings call that “ solid momentum ” across the Americas , allied with continued media partnership success and an aboveexpectations sports win margin ( which encourages more betting volume from players ), helped drive revenues .
He added that he was pleased with the volume of recurring revenue , which rose 67 % to € 46m . This he said was in part due to a reengineering of the US business , moving from upfront payments to revenue share .
He also noted that the 135 % rise in EBITDA indicated the extent to which the business has proved its scalability and operational leverage .
CONTINUING ON THE ACQUISITION PATH
M & A remains central to the Better Collective story . The addition of Skycon over the period was credited with playing a part in furthering the recurring revenue aims . “ The acquisition [ of Skycon ] is already off to iGB Affiliate Monitor