Better Collective has posted its Q1 report for 2023， which showed that the affiliate made €88m ($95m) in group revenue – with a net profit of €20.9m， up from €13.7m.

Meanwhile， its EBITDA totalled €33m – 44% up on last year， which saw it make €23m. Furthermore， its recurring revenue was 75% higher than in Q1 2022， finishing at €41m.

Better Collective also highlighted its performance post-Q1 2023， with the affiliate stating that it had made €27m in April – indicating 40% growth year-on-year.

Below is a breakdown of Better Collective’s EBITDA performance in 2022 and 2023 so far， which saw it record its second-highest figure during the 15-month period in Q1 2023.

It also stated that it believes the UK Government’s White Paper review of the gambling industry in the country will have a 'zero to limited' financial impact on the group.

Commenting on the results，blackjack pays CEO and Co-Founder Jesper Søgaard stated: “In Q1 we continued last year’s strong momentum. Revenue grew 30%， while operational leverage proved its worth as EBITDA grew 44%.

"In itself， this growth is impressive， yet even more impressive when considering the strong growth， we saw last year. Additionally， last year’s US revenue was positively impacted by one-time payments (CPA)， while this year we are continuing the transition towards recurring revenue share.

“At our Capital Markets Day (CMD)， it was highlighted that 63% of all NDCs sent during February were on revenue share. I am happy to inform you that this trend has continued. I am especially proud that we yet again delivered a record quarter with the North American market contributing with 19% growth while absorbing the revenue share transition.”