A prominent sports wagering media conglomerate, Better Collective, experienced a remarkable 2023. They significantly exceeded their own income forecasts, generating €327 million (approximately $353 million!). This represents a substantial 21% increase from the previous year. Their recipe for success? Strategic acquisitions such as acquiring the Danish soccer media outlet, Tipsbladet, and the Toronto-based Playmaker Capital. These strategic maneuvers enabled them to bolster their position in the Americas and broaden their international reach. Profitability was another triumph, with EBITDA (earnings before interest, taxes, depreciation, and amortization) reaching €111 million, a 31% year-over-year surge. This exceptional performance prompted them to elevate their financial objectives twice during the year, a testament to their robust operational momentum.
The firm is set to unveil its quarterly financial results following the close of trading on February 21st. Management plans to divulge comprehensive information regarding their fiscal performance for the preceding quarter and the full fiscal year.
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