Gambling affiliate and services provider Better Collective has reported a very strong Q3 performance. In its latest financial update, the company said that its Q3 revenue 54% year-on-year to €17.1m ($19m).
The better collective has attributed the growth in revenue to acquisitions in the US and Sweden.
While the company’s EBITDA increased 43 percent to €6.8m for the third quarter, its Organic revenue jumped 25 percent year-on-year.
Better Collective also reported that its customer base has expanded significantly. The affiliate’s new depositing customers exceeded 85,000 for Q3, representing an increase of 27%.
For the year-to-date, the company’s revenue was up 69% to €47.9m.
Jesper Søgaard, Better Collective CEO, said: “Q3 is normally a seasonally weak quarter with lower player activity and with most major sports leagues pausing in July and part of August.
“With that in mind, I am happy to see such strong business performance with the highest quarterly revenue in the history of BC and continued strong NDC intake.”
Earlier in July, the US arm of Better Collective was granted a New Jersey revenue share license. The company has been trying to expand in the US market.
Following the license, the company can now expand in New Jersey by entering into partnerships based on a revenue share model in addition to the cost per acquisition (CPA) model that it has been working on this far.