The affiliate company Better Collective posted a strong first half and second quarter as US business continues to grow.
US.- The sports betting affiliate company Better Collective has released its interim report for the second quarter and first half of the year this week. The company increased its revenues by 64% to €15.8 million in Q2, with an organic growth of 18%.
EBITDA before special items increased 77% to €6.7 million. EBITDA-margin before special items was of 43% during the three-month period ended June 30. The company says that a strong position in the US market drove this growth.
Jesper Søgaard, CEO of Better Collective, said: “Better Collective has had US-focused products up and running for some time, leading to revenue streams from online sports betting since last year. Building a presence and taking part in this new big market opportunity was boosted by the acquisition of the RotoGrinders Network in Q2, adding strong products and dedicated people with insight into the US market.
“After the end of Q2, we acquired two US market leading sports betting brands; VegasInsider.com and ScoresandOdds.com. These two websites have since many years been the platforms preferred by millions of visitors and have the potential of becoming the largest revenue generating assets in Better Collective in coming years. Furthermore, they have significant synergy effects with other US-facing assets, not least with the Rotogrinders Network.”
“In addition, our application for an Ancillary Casino Service Industry Enterprise License in New Jersey was deemed complete by the New Jersey Division of Gaming Enforcement. This allows Better Collective USA to enter into revenue share partner- ships with operators in the state of New Jersey.”
“I am confident that we, by way of these acquisitions, have put Better Collective in pole position for a market leading position in the US states where online sports betting will be regulated and available,” he added.