Better Collective, a leading sports betting media group, has released a statement expressing its confidence in achieving strong financial results for the fourth quarter of 2021 and the full year of 2022.
Subheading 1: Optimism Driven by Recent Acquisitions and Partnerships
The company’s optimism is fueled by recent acquisitions and partnerships. In November 2021, Better Collective completed the acquisition of the Swedish affiliate network, Rekatochklart.com. The company also announced a strategic partnership with FanDuel Group, which will see Better Collective’s products and services integrated into FanDuel’s online sports betting platform in the United States.
Subheading 2: Strong Growth in Existing Markets
Better Collective has a strong presence in several markets, including the United States, Europe, and Latin America. The company’s existing markets continue to see significant growth, and Better Collective expects to continue capitalizing on this trend. The company’s sports betting media platforms, including Bettingexpert.com and VegasInsider.com, have also seen impressive growth.
Subheading 3: A Diversified Business Model
Better Collective’s business model is diversified, with revenue streams from both B2B and B2C operations. The company’s B2B business, which provides marketing services to sports betting operators, has seen strong growth. Additionally, the company’s B2C business, which operates several sports betting media platforms, continues to generate significant revenue.
Subheading 4: A Strong Financial Position
Better Collective’s strong financial position gives the company the flexibility to invest in growth opportunities. The company’s cash and cash equivalents as of September 30, 2021, were €190.6 million. The company has also been profitable in recent years, with a net profit of €31.2 million in 2020.
Subheading 5: A Positive Outlook for the Future
Better Collective’s CEO, Jesper Sgaard, expressed optimism about the company’s future. He said, “Our recent acquisitions and partnerships have strengthened our position in key markets, and we are seeing strong growth in our existing operations. We believe that we are well-positioned to continue delivering strong financial results in the fourth quarter of 2021 and beyond.”
Better Collective’s recent acquisitions, partnerships, diversified business model, strong financial position, and positive outlook make the company well-positioned to continue delivering strong financial results. The sports betting industry is rapidly growing, and Better Collective’s expertise in this space should enable the company to capitalize on this trend. Investors and industry observers will be watching closely to see if Better Collective can deliver on its expectations.