iGB Affiliate Monitor October 2023 iGB Affiliate Monitor October 2023 | Page 11

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Chart 1 : Better Collective revenue Q321-Q223 (€ m )
100
90
86.1
88
80
78.1
70
67.4
60
50
52.2
56
59.7
45.4
40
“ We have plenty of firepower for expanding our activities ”
FLEMMING PEDERSEN ON BC ’ S € 150M M & A POTENTIAL
30 20 10 0
Q321 Q421 Q122 Q222 Q322 Q422 Q123 Q223
Chart 2 : Better Collective YoY revenue variance Q321-Q223 (€ m )
160
140
120
100
80
60
40
20
0
Chart 3 : Better Collective NDCs Q321-Q223
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
148
42
74
40
Q321 Q421 Q122 Q222 Q322 Q422 Q123 Q223
200,000
267,000
360,000
387,000
Q321 Q421 Q122 Q222 Q322 Q422 Q123 Q223
32
354,000
65
580,000
31
488,000
40
500,000 a great start and has demonstrated good performance ,” Søgaard told the analysts .
“ By incorporating Skycon into our paid media division , we have unlocked new avenues for growth and expanded our offering to advertising partners . The integration of Skycon was swift and seamless and our team worked closely together to ensure a smooth transition .”
Post-close , the company has announced two deals . In August , it said it had bought the Swedishfacing websites SvenskaFans . com , Hockeysverige . se , Fotbolldirekt . se and Innebandymagazinet . se from Everysport Group for € 3.7m while in early September it sealed the acquisition of Brazilian-based sports media outfit Torcedores . com for an undisclosed sum .
As for further deals , chief financial officer Flemming Pedersen noted the company has recently expanded its funding arrangements with the banks
October 2023