Better Collective sets $100m US revenue target for 2022
Better Collective Q2 The top line Revenue hit €40m ($46.9m), up 162% YoY on a Covid-hit prior-year period and up 3% sequentially. EBITDA before special items rose 89.6% YoY to €12.7m but was down 3.8% QoQ. Publishing accounted for €26.1m of revenues (up 79% YoY) and paid media stood at €13.9m, with organic growth rate […]
Read MoreFlag drops on Sportradar IPO
Sportradar files for IPO The top line Sportradar filed paperwork on Tuesday with the SEC to start the process of listing on the Nasdaq stock exchange under the ticker symbol SRAD. The listing included a placeholder offering size of $100m. In its filing, the company said H121 revenues increased 42% YoY to €272.1m ($318.6m) with […]
Read MoreGAN: Operators ‘underestimate’ tech stack challenge
The top line As prefigured in the Q2 pre-announcement, GGR was up 24% QoQ to $34.6m with strong B2C (Coolbet) growth (up 68% to $24m) in Latin America and Europe. B2B was down c$3.5m QoQ to $10.6m. Adjusted EBITDA rose 171% to $4.6m vs. $1.7m in Q1. Net losses were trimmed QoQ to $2.7m vs. […]
Read MoreFlutter keeps its eyes on the prize
Flutter H1 The top line Revenue up 99% to £3.05bn ($4.22bn), pro forma up 30% while adjusted group EBITDA was up 75% to £597m. Excluding US losses that figure would have been up 101%. Pre-tax profit up 2221% to £77m. US revenue rose 159% to £652m ($906m) and the company expects US to be EBITDA […]
Read MorePenn National acquires Score Media & Gaming
Penn-Score acquisition + Q2 The top line Penn National is buying Toronto-listed Score Media & Gaming for $2bn in cash and shares. The deal will complete in Q122. Penn said it expects the deal to add c$200m in EBITDA within two years and $500m-plus at maturity. As per the pre-announced earnings last month, Q221 revenue […]
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