Description
Founded in Denmark in 2004, Better Collective is an international digital marketing company that develops iGaming platforms. Its portfolio includes websites such as bettingexpert.com, which offers free betting tips from experts, and PariuriX.com, a leading Romanian betting portal.
In this dataset, we have studied Better Collective’s publicly available financial information, identified its development strategy, and examined annual financial reports.
Research Goals and Objectives
Research Objective: To examine Better Collective’s publicly available financial information, ascertain the company's development strategy, and compile a summary of its annual financial reports.
Research Tasks:
- Locate the company’s comprehensive financial and corporate information;
- Analyze the gathered information;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information presented in this report is based solely on data extracted from the company's public reports and has not been independently verified or cross-checked with other sources. In essence, the information from the company's public reports is presented as is.
Should supplementary information from external sources be incorporated or if the data utilized reflects the researcher's personal perspective, this will be clearly indicated and labeled accordingly.
Document Markup
- YoY — Year-over-Year;
- FY — Fiscal Year;
- This report follows the American number format: a period serves as the decimal separator, with commas used to separate thousands;
- Year-over-Year (YoY) relative value calculations were not conducted in instances where a previous year's profit transitioned to a loss in the current year and vice versa, within the scope of this report;
- Better Collective’s report covers the period from January 1 to December 31, 2022:
- The specified financial year aligns with the calendar year.
Short Insights
- The company is publicly listed on the Nasdaq Stockholm exchange since 2018 and, while it has not distributed dividends thus far, future changes may depend on its financial condition and growth strategy;
- The EBITDA increased significantly, reaching 85 million EUR in 2022 compared to 16 million EUR in 2018, representing a remarkable growth rate of 426.27%;
- Better Collective has been listed on Nasdaq Stockholm since June 8, 2018;
- Since 2017, Better Collective has been executing a merger and acquisition strategy. Regarded as one of the most significant events in the company's history is the acquisition of the Action Network platform for 240 million USD in 2021.
