Enhanced Collective Exceeds Expectations with Remarkable Q4 2022 Performance
Enhanced Collective concludes 2022 with impressive achievements! Their financial projections for the year have been revised upward due to an exceptional final quarter.
Recall their third-quarter earnings of €59.7 million (approximately $61.9 million)? Prepare yourself, because they are forecasting a remarkable €86.1 million for Q4 – a significant 63% surge! Their EBITDA is also soaring, estimated to reach €35.2 million, representing a 115% increase.
This exceptional performance translates to an anticipated total annual revenue of €2.69 billion for Enhanced Collective, a 52% rise. Their EBITDA is not far behind, projected to be around €85.1 million, a 53% climb. Initially, they predicted organic revenue growth between 20-30%, but they are now on track for an astounding 34%.
Several key elements contribute to this success story. Primarily, the US market is rapidly adopting revenue-sharing models, significantly benefiting Enhanced Collective. This is evident in their unprecedented Q4 revenue share income of €25 million, a 73% increase.
Jesper Søgaard, CEO and co-founder, aptly stated that despite the volatile global economy, they have sustained robust growth and are undoubtedly moving in the right direction.
Furthermore, just prior to this remarkable news, Enhanced Collective made a strategic move by acquiring over 5% of their rival, Catena Media. What a way to close out the year!
These industry giants have solidified their positions as dominant forces in the online gaming realm. Through numerous acquisitions, they have absorbed a significant portion of their rivals and are now asserting their dominance in the flourishing US digital gambling sector.
Despite the circumstances, Better Collective remains tight-lipped, content with the current state of affairs and hesitant to disrupt the equilibrium.
