Better Collective says 2022 revenue and adjusted EBITDA grew “significantly,” as the company’s performance “broke all records.”
Better Collective is now targeting revenue CAGR of +20 per cent up to 2027, with the EBITDA margin before special items of between 30 per cent and 40 per cent.
Better Collective said in a statement: “Despite the impressive growth, 2022 was also a year where we continued to build for the future.
“During the year we sent a record 1.7m new depositing customers to our partners, of which 76 per cent was on revenue share contracts.
“This bodes well for our future recurring revenue and decreases seasonality. Out of the total NDCs, 580,000 were sent during Q4, where more than 300,000 were delivered during the World Cup.
“This development means that our strong performance absorbed the short-term dampening effect of sending that many NDCs on revenue share contracts.”
