Better Collective has announced its preliminary unaudited financials for 2023, that reveal a growth of 21% to revenue and 31% for EBITDA.
Revenue for the full year for the affiliate is around €327m (£279.4m/$352.2m), with the company setting itself a target of €315m to €325m.
EBITDA before special items for the full year is at around €111m, beating Better Collective’s target of €105m to €115m. While net debt to EBITDA is below 2.0, also hitting the set target.
The company upgraded its financial targets twice during the year due to “strong operational performance and accretive acquisitions”.
Better Collective’s preliminary revenue was at least €27m higher than the company’s first target of €290m to €300m. Its EBITDA was also at least €11m higher than the first target of €90m to €100m.
Better Collective will release its Q4 and full year report on 21 February 2024.
The company also recently completed its acquisition of Playmaker Capital, just two months after agreeing to purchase the Toronto-based digital sports media business.