Improved Group Reports Revenue Growth of 26% in Q3

The digital sports media group, Better Collective, which owns sports media on a national and international scale, has released its Q3 interim report. According to Jesper Søgaard, the CEO and co-founder, the company has shown a "consistent strong performance" across its operations.

Søgaard expressed satisfaction with the faster-than-expected progress in transitioning to recurring revenue with partners in North America, foreseeing long-term value. He highlighted the global expansion in Q3 through the acquisition of prominent national sports media in four different markets. Additionally, the CEO mentioned the significant acquisition of Playmaker Capital toward the end of the quarter, characterizing it as "transformational."

The acquisition is anticipated to expedite the company's evolution into the leading digital sports media group, supported by a robust strategy execution by the team. In August, Better Collective disclosed its intent to acquire several brands from Everysport Group, in a multi-million-dollar deal valued at €3.7 million.

 

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The acquisition of Everysport Group's brands represents a strategic move by Better Collective to strengthen its position in the sports media market. By expanding its portfolio of brands, the company aims to attract a larger audience and increase its revenue streams.

The Q3 interim report also highlighted Better Collective's global expansion through the acquisition of national sports media in four different markets. This demonstrates the company's commitment to establishing a strong presence in multiple regions, which will likely contribute to its long-term growth.

Moreover, the report emphasized the company's progress in transitioning to recurring revenue with partners in North America. This is a positive development as recurring revenue provides stability and predictability. Better Collective's focus on this aspect further underscores its commitment to long-term value creation.

The CEO's comments on the acquisition of Playmaker Capital suggest that it holds great significance for the company's future. The acquisition is described as "transformational," indicating that it has the potential to significantly impact Better Collective's operations and overall strategy.

Overall, Better Collective's Q3 interim report reflects the company's ongoing success and strategic initiatives. The acquisitions, expansion efforts, and progress in transitioning to recurring revenue all contribute to its strong performance.