{"id":206,"date":"2024-06-18T15:16:51","date_gmt":"2024-06-18T12:16:51","guid":{"rendered":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/"},"modified":"2024-06-20T16:58:31","modified_gmt":"2024-06-20T13:58:31","slug":"better-collective-achieves-record-revenue-and-profitability-in-2020","status":"publish","type":"post","link":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/","title":{"rendered":"Better Collective Achieves Record Revenue and Profitability in 2020"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/XOXhri6c4AA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A Premier sports wagering media conglomerate, Better Collective, experienced a remarkable 2020, witnessing a 35% revenue surge that propelled them to \u20ac91.2 million (roughly $110.9 million).  Significantly, a substantial portion of this expansion, 8%, was generated organically, underscoring the company&#8217;s robust market presence.<\/p>\n<p>Their profitability metrics also reflected impressive gains, with EBITDA climbing by 34% to \u20ac36.6 million. This financial stability was further bolstered by a 44% increase in operating cash flow, which reached \u20ac38.3 million.  Despite the obstacles presented by the global health crisis, Better Collective successfully onboarded over 43,700 new depositing clients, equaling their 2019 figures.<\/p>\n<p>The final quarter proved particularly lucrative, with revenue soaring by 88% to \u20ac36.7 million. This remarkable growth was driven by a combination of internal expansion (32%) and the strategic purchase of Atemi Group, which was seamlessly integrated into Better Collective&#8217;s operations.<\/p>\n<p>In contrast to the preceding quarter, Better Collective&#8217;s revenue doubled, while their EBIT, excluding one-time items, saw a noteworthy 92% increase, reaching \u20ac13.6 million. This positive momentum continued with operating cash flow, excluding one-time items, expanding by 35% to \u20ac10.1 million, and new depositing clients rising by 30% to 15,300.<\/p>\n<p>January 2021 maintained this upward trend with a 78% year-over-year revenue increase, reaching \u20ac13 million.<\/p>\n<p>Having met their 2018-2020 objectives and implemented segment reporting, Better Collective&#8217;s leadership has established ambitious targets for 2021. These encompass exceeding \u20ac1.6 billion in revenue, achieving over \u20ac500 million in EBITDA (transitioning from EBIT excluding one-time items), and securing over 20% internal growth.<\/p>\n<p>Jesper S\u00f8gaard, Chief Executive Officer of Better Collective, conveyed his contentment with the company&#8217;s adaptability and strong performance amidst a demanding year. <\/p>\n<p>We began 2021 with a blend of enthusiasm and expectation, ready to confront any prospects and obstacles the year might present. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Premier sports wagering media conglomerate, Better Collective, experienced a remarkable 2020, witnessing a 35% revenue surge that propelled them to \u20ac91.2 million (roughly $110.9 million). Significantly, a substantial portion of this expansion, 8%, was generated organically, underscoring the company&#8217;s robust market presence. Their profitability metrics also reflected impressive gains, with EBITDA climbing by 34% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Better Collective Scores Big: Revenue Soars 35% in 2020<\/title>\n<meta name=\"description\" content=\"Sports betting media giant Better Collective saw a remarkable 35% revenue jump in 2020, reaching \u20ac91.2 million. Discover how their organic growth and impressive EBITDA solidified their market dominance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Better Collective Achieves Record Revenue and Profitability in 2020\" \/>\n<meta property=\"og:description\" content=\"Sports betting media giant Better Collective saw a remarkable 35% revenue jump in 2020, reaching \u20ac91.2 million. Discover how their organic growth and impressive EBITDA solidified their market dominance.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Win Big at Our Licensed Online Casino | Latest Games &amp; News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-18T12:16:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T13:58:31+00:00\" \/>\n<meta name=\"author\" content=\"Michael &quot;Maverick&quot; Johnson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael &quot;Maverick&quot; Johnson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/\",\"url\":\"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/\",\"name\":\"Better Collective Scores Big: Revenue Soars 35% in 2020\",\"isPartOf\":{\"@id\":\"https:\/\/lionslotsnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-18T12:16:51+00:00\",\"dateModified\":\"2024-06-20T13:58:31+00:00\",\"author\":{\"@id\":\"https:\/\/lionslotsnodepositbonus.icu\/#\/schema\/person\/8a61e4c577a855291ea24837d0afbda0\"},\"description\":\"Sports betting media giant Better Collective saw a remarkable 35% revenue jump in 2020, reaching \u20ac91.2 million. Discover how their organic growth and impressive EBITDA solidified their market dominance.\",\"breadcrumb\":{\"@id\":\"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/lionslotsnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Better Collective Achieves Record Revenue and Profitability in 2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/lionslotsnodepositbonus.icu\/#website\",\"url\":\"https:\/\/lionslotsnodepositbonus.icu\/\",\"name\":\"Win Big at Our Licensed Online Casino | Latest Games &amp; News\",\"description\":\"Stay informed with our regularly updated casino news, detailed game reviews, and expert articles. Experience the thrill of licensed online gambling at its finest.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/lionslotsnodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/lionslotsnodepositbonus.icu\/#\/schema\/person\/8a61e4c577a855291ea24837d0afbda0\",\"name\":\"Michael \\\"Maverick\\\" Johnson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/lionslotsnodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/lionslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/10\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/lionslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/10\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Michael \\\"Maverick\\\" Johnson\"},\"description\":\"Holding a Master's degree in Applied Mathematics and a Bachelor's in Computer Science, this versatile writer has a strong foundation in various mathematical disciplines. They have a keen interest in the application of discrete mathematics, algebra, and graph theory in the development of casino games and gaming strategies. Their articles and reviews offer a unique perspective on the mathematical underpinnings of popular casino games, making complex concepts accessible to a wide audience.\",\"url\":\"https:\/\/lionslotsnodepositbonus.icu\/author\/michael\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Better Collective Scores Big: Revenue Soars 35% in 2020","description":"Sports betting media giant Better Collective saw a remarkable 35% revenue jump in 2020, reaching \u20ac91.2 million. Discover how their organic growth and impressive EBITDA solidified their market dominance.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/","og_locale":"en_GB","og_type":"article","og_title":"Better Collective Achieves Record Revenue and Profitability in 2020","og_description":"Sports betting media giant Better Collective saw a remarkable 35% revenue jump in 2020, reaching \u20ac91.2 million. Discover how their organic growth and impressive EBITDA solidified their market dominance.","og_url":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/","og_site_name":"Win Big at Our Licensed Online Casino | Latest Games &amp; News","article_published_time":"2024-06-18T12:16:51+00:00","article_modified_time":"2024-06-20T13:58:31+00:00","author":"Michael \"Maverick\" Johnson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Michael \"Maverick\" Johnson","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/","url":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/","name":"Better Collective Scores Big: Revenue Soars 35% in 2020","isPartOf":{"@id":"https:\/\/lionslotsnodepositbonus.icu\/#website"},"datePublished":"2024-06-18T12:16:51+00:00","dateModified":"2024-06-20T13:58:31+00:00","author":{"@id":"https:\/\/lionslotsnodepositbonus.icu\/#\/schema\/person\/8a61e4c577a855291ea24837d0afbda0"},"description":"Sports betting media giant Better Collective saw a remarkable 35% revenue jump in 2020, reaching \u20ac91.2 million. Discover how their organic growth and impressive EBITDA solidified their market dominance.","breadcrumb":{"@id":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/lionslotsnodepositbonus.icu\/2024\/06\/18\/better-collective-achieves-record-revenue-and-profitability-in-2020\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/lionslotsnodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Better Collective Achieves Record Revenue and Profitability in 2020"}]},{"@type":"WebSite","@id":"https:\/\/lionslotsnodepositbonus.icu\/#website","url":"https:\/\/lionslotsnodepositbonus.icu\/","name":"Win Big at Our Licensed Online Casino | Latest Games &amp; News","description":"Stay informed with our regularly updated casino news, detailed game reviews, and expert articles. Experience the thrill of licensed online gambling at its finest.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lionslotsnodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/lionslotsnodepositbonus.icu\/#\/schema\/person\/8a61e4c577a855291ea24837d0afbda0","name":"Michael \"Maverick\" Johnson","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/lionslotsnodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/lionslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/10\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/lionslotsnodepositbonus.icu\/wp-content\/uploads\/sites\/10\/2024\/06\/man-avatar-96x96.png","caption":"Michael \"Maverick\" Johnson"},"description":"Holding a Master's degree in Applied Mathematics and a Bachelor's in Computer Science, this versatile writer has a strong foundation in various mathematical disciplines. They have a keen interest in the application of discrete mathematics, algebra, and graph theory in the development of casino games and gaming strategies. Their articles and reviews offer a unique perspective on the mathematical underpinnings of popular casino games, making complex concepts accessible to a wide audience.","url":"https:\/\/lionslotsnodepositbonus.icu\/author\/michael\/"}]}},"_links":{"self":[{"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/206"}],"collection":[{"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=206"}],"version-history":[{"count":1,"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/206\/revisions"}],"predecessor-version":[{"id":231,"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/206\/revisions\/231"}],"wp:attachment":[{"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lionslotsnodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}