Better Collective’s interim report for Q2 2024 highlights their continued growth and resilience in a changing market. The company achieved notable financial performance and successfully integrated recent acquisitions, keeping their full-year targets intact.

• Better Collective’s revenue grew by 27% in Q2 2024, reaching 99 million EUR. This includes 5% organic growth despite strong performance in the previous year.
• Recurring revenue rose by 26%, totaling 62 million EUR. This steady growth signals improved revenue quality and long-term stability.
• The company’s EBITDA remained flat at 29 million EUR, maintaining a 29% margin. This reflects expected lower short-term contributions from recent acquisitions.
• Net debt to EBITDA ratio stood at 2.0. This ratio is within the company’s target, showing strong financial management.
• Changes in media partnerships had no negative impact on the group’s performance. All adjustments were fully mitigated, resulting in a neutral net effect.
• The AdVantage platform achieved its first operational success. It has started generating incremental revenue, and its rollout across the network continues.
• Better Collective maintained its upgraded full-year financial targets after acquiring AceOdds. Revenue targets are set between 395-425 million EUR, with EBITDA expected to reach 130-140 million EUR.
• Cash flow from operations before special items was strong at 27 million EUR. The cash conversion rate was high, at 93%, reflecting efficient cash management.
• The acquisition of Playmaker Capital was integrated as planned, although its early contribution to EBITDA was low. Performance is expected to improve in the second half of 2024.
• Better Collective announced a share buy-back program of up to 20 million EUR. This program aims to support future acquisitions and long-term incentive programs.