Better Collective Posts 93% Jump in Revenue

This story was published more than 2 years ago.

Internet gaming group Better Collective has announced their second quarter 2018 financial results, revealing that revenues surged 93% from the year prior.

Key financial indicators for the second quarter ending June 30th, 2018 were:

  • Revenues of €9.7 million, up 93% from the year prior
  • Total loss of €1.26 million, which contrasts with last year's €1.47 million profit last year
  • EBITDA of €3.8 million, up 90% from last year

Commenting on the company's performance Better Collective CEO Jesper Sogaard said, "Q2 2018 not only turned out to be the best performing quarter in the company's history. It also saw Better Collective's entry on the Nasdaq Stockholm stock exchange, our largest M&A deal to date, and a breakthrough in sports betting legislation in the US."

The company said that they're looking forward to enhancing their services in markets where they currently operate.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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4 September 2018 - 3:09pm
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Certainly they doing better than ever and obviously that have reflected over the price of their shares too so all to be happy about right now in Better Collective with numbers almost doubles.