Better Collective, a leading provider of digital platforms for sports betting and gaming, recently announced strong financial results for the third quarter of 2020. The company reported a total revenue of €40.3 million, a year-on-year increase of 28%. This was driven by a strong performance in the company’s core business, as well as strategic acquisitions and investments.

Better Collective’s core business saw a year-on-year increase of 18%, with total revenue reaching €32.2 million. This was driven by a strong performance in the company’s core markets, including the United Kingdom, Germany, and Denmark. The company also reported a year-on-year increase in its gross profit margin, which rose to 54.4%.

The company also completed several strategic acquisitions and investments during the third quarter. These included the acquisition of the Danish sports betting comparison site Oddsring, as well as investments in the sports data provider Sportradar and the fantasy sports platform FanDuel. These investments are expected to help Better Collective expand its presence in the sports betting and gaming markets.

In addition to the strong financial results, Better Collective also reported a number of other successes during the third quarter. This included the launch of its new product, BetterBetting, which is a sports betting platform designed to make it easier for users to compare odds and place bets. The company also announced partnerships with several major sports organizations, including the NBA, NFL, and NHL.

Overall, Better Collective achieved strong results in the third quarter of 2020. The company’s core business saw a year-on-year increase in revenue, while strategic acquisitions and investments helped to expand its presence in the sports betting and gaming markets. In addition, the launch of BetterBetting and partnerships with major sports organizations are expected to help the company continue to grow in the future.