Better Collective Q2 revenue increases by 162%

Better Collective reported revenue of €40m ($47m) for the second quarter of 2021, a 162% increase from the prior-year period.

EBITDA increased by 90% to €12.7 million, while cash flow from operations increased by 7% to €11.1 million. For the quarter, there were 197,000 new depositing customers (NDCs), representing a 179 percent increase over the previous quarter.

The company announced three new media partnerships, and at the AGM, Therese Hillman, CEO of NOD and former Group CEO of NetEnt, was elected to the board of directors.

Better Collective reported revenue of €78.8 million for the first six months of 2021. It was a 118 percent increase over the prior-year period. EBITDA increased by 64% to €25.9 million, while cash flow from operations increased by 37% to €27.2 million.