Better Collective revenue grows 66.6% in 2019

Better Collective revenue grows 66.6% in 2019

Affiliate marketing giant Better Collective has reported a 66.6% year-on-year increase in revenue for 2019, aided by a record-breaking fourth quarter performance.

Published 21st February 2020

Revenue for the year amounted to €67.5m (£56.2m/$72.9m), with organic growth - existing assets’ revenue - accounting for 24% of the full-year increase. Revenue share agreements accounted for 68% of the year’s taking, with 16% coming from cost per acquisitions (CPAs), 6% from subscriptions, and 10% form other sources.

Over the year, Better Collective signed up more than 431,000 new depositing customers (NDCs), a 66% year-on-year advance.

Better Collective also completed a number of deals, the highest-profile being the acquisition of a 60% stake in Rical, parent company of the Rotogrinders Network, for €18m.

It also acquired the assets of Florida-based sites and, again for €18m, and the UK-facing for €2.4m. Better Collective also acquired a 19.99% stake in responsible gambling technology provider Mindway AI.

Read the full story on iGaming Business.