Better Collective Outpaces Gambling.com Group in Q3 2023 Earnings

Two prominent entities in the digital gaming affiliate realm, Better Collective and Gambling.com Group, recently disclosed their Q3 2023 financial outcomes. Although both organizations witnessed revenue expansion, Better Collective distinguished itself with advancements in both revenue and EBITDA, whereas Gambling.com Group encountered an EBITDA reduction.

Better Collective reported substantial revenue of €75.4 million (roughly $81.9 million) in contrast to Gambling.com Group’s $23.5 million. This disparity is unsurprising considering Better Collective’s status as a sector frontrunner. Their proactive acquisition approach, encompassing the latest procurement of Playmaker Capital, necessitates a more substantial revenue flow to sustain its enlargement.

For a more equitable comparison, let’s examine the year-on-year percentage fluctuations. Gambling.com Group’s 19% revenue upsurge, while commendable, appears modest beside Better Collective’s significant 26.3% leap from €59.7 million to €75.4 million. Furthermore, Gambling.com Group saw its EBITDA contract by 6% year-on-year, the sole entity of the two to undergo a decrease. Conversely, Better Collective rejoiced in a 34.6% boost in EBITDA.

The Gambling.com Group experienced a remarkable Q3 in 2023, characterized by substantial revenue increases that underscore their dominant market presence. This expansion was largely driven by internal factors, demonstrating the company’s industry leadership.

Charles Gillespie, chief executive and co-founder of Gambling.com Group, remarked on the performance, stating, “Gambling.com Group is strategically situated to sustain its advantage from numerous short- and long-term lucrative expansion prospects achieved through internal means.”