The iGaming affiliate reported a 30% increase in revenue for the final quarter of 2018.
Sweden.- Better Collective, the Stockholm-listed iGaming affiliate, released its latest financial results and detailed that during the fourth quarter of 2018 the company reported a 30% increase in revenue to €12.1 million.
As the company expected, organic revenue declined 9%, following the record-breaking Q4 in 2017. EBITDA before special items increased 51% to €5.3 million, and the EBITDA-margin before special items increased from 43% in Q3 to 44%.
In the full year of 2018, revenue grew by 54% to €40.4 million, up from the €26.2 million in 2017. Organic revenue growth was 9%. In the full year of 2018, EBITA before special items increased 47% to €16 million. The EBITA-margin before special items was 40% for the full year, resulting from 40% in Q2, growing to 43% in Q3, and 44% in Q4.
Jesper Søgaard, CEO of Better Collective, commented: “In Q4, we continued to deliver significant growth. However, when comparing to the extraordinarily strong Q4 2017, organic revenue declined as expected. This is explained by the volatility that we face in our line of business, where the timing and results of big sport events plus our strong NDC growth have a direct impact on revenue. For the full year 2018, we are in line with our expectations, and we are well prepared for 2019.”