Better Collective experienced an outstanding 2023, surpassing its financial targets. Their earnings surged to €327 million (equivalent to $353 million USD), a remarkable 21% increase – exceeding their initial forecasts. Profits were even more noteworthy, with a substantial 31% rise reaching €111 million.
This accomplishment can be credited to a dual strategy: robust internal expansion and strategic acquisitions. They executed several significant purchases, including the Danish soccer publication Tipsbladet and, notably, the Toronto-based Playmaker Capital, broadening their presence in North and South America.
Originally, Better Collective projected revenue between €290-€300 million and EBITDA of €90-€100 million. As their achievements became evident, they adjusted these objectives upward, which they subsequently surpassed. This demonstrates a company not merely fulfilling, but exceeding anticipations within a challenging landscape.
The firm will issue its earnings statement for the quarter following the close of trading on February 21st. This report will encompass all significant fiscal data for the preceding quarter and the full year.