Better Collective announces record revenues in new report

[The Buzz]

In its Q2 interim report for 2021, released today, Better Collective announced that it hit record Q2 revenues of $46.9 million, which is a 162% increase year-on-year. In the first half of 2021, revenue grew by 118% and New Depositing Customers (NDCs) exceeded 371,000 in the first half year (growth of 99%).

The company noted the fast growth profile of its US publishing segment, which registered soared to $8.2 million in revenues, highlighted by its acquisition of Action Network in May.

According to Gambling Compliance, Better Collective has overtaken Catena Media as the world's largest online gambling affiliate company (on a rolling 12 month basis).

From the press release, Jesper Søgaard, co-founder and CEO, said:

"Q2 marks a record quarter in terms of revenue and NDCs delivered to our partners. At the same time, we continue to record strong profitability and cash flows.

“The strong performance is especially driven by the US business, and by our media partnerships that saw breakthrough performance during Q2. The peak of the quarter was the closing of our largest acquisition to date, Action Network, which is a game-changer and consolidates our leading sports betting media position in the US.”

“Since the time of consolidation, Action has performed very well with significant audience growth. And I’m pleased to see the teams already working closely together to achieve positive synergies across the business areas.

“For the remainder of 2021 we will continue pursuing our strategy to become the leading sports betting media group in the world. We are well prepared for an exciting and profitable future for Better Collective, and I look forward to further knowledge sharing and joint effort with our new colleagues from Action Network.”

Read more here: https://ml-eu.globenewswire.com/Reso...b-8317bcadd10b